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Energy North American Power & Energy Outlook, 2022

Disruptive Technologies and Innovative Business Models Will Boost Decarbonization and the Digital Sustainability of Supply Chains

INDUSTRY
Energy

RELEASE DATE
26-Apr-2022
REGION
North America
DELIVERABLE TYPE
Market Outlook

RESEARCH CODE
K753-01-00-00-00
SKU
EG02231-NA-MO_26490
Yes
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North American Power & Energy Outlook, 2022
Published on: 26-Apr-2022 | SKU: EG02231-NA-MO_26490

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Description

After a challenging year in 2020, the year 2021 redefined the global energy industry in many ways. The world witnessed rising concern about climate change and demand for sustainable solutions and processes. Following the latest COP summit, more than 100 countries have pledged commitment to net-zero emissions by 2050. In North America, Canada announced a commitment to reduce total greenhouse gas emissions by 40 to 45% from 2005 levels by 2030, and the United States aims to cut its emissions in half by 2030 (between 50 and 52% from 2005 levels).

Despite the difficulties brought on by the COVID-19 pandemic, stakeholders across the energy value chain exhibited great resilience by developing innovative business models and sustainable practices to increase their sales. This activity resulted in record growth for the renewable industry in 2021. And in spite of the supply chain constraints, in 2022, installation of renewable energy sources is poised to continue its momentum as demand for clean energy solutions accelerates in North America.

Renewables was the big story in 2021, and 2022 will experience the continuity of that momentum as more and more stakeholders are pursuing their sustainability targets. Frost & Sullivan predicts investments of more than $62 billion in the renewable energy sector across North America in 2022.

This research offers a comprehensive overview on top power and energy trends for North America in 2022, including the re-focus of US energy policy on cleaner energy, domination of renewables (solar PV, wind, hydro, and geothermal), the next wave of gas, the future of nuclear power, the question of whether coal can phase out, the upcoming hydrogen economy, the rise of power storage, and digital transformation.

This Frost & Sullivan research service analyzes the North American power and energy market from 2020 to 2030, with 2021 as the base year. It offers power investment predictions for selected countries segmented by the various power generation sources. The research also highlights future growth opportunities and the strategic imperatives market participants need to consider to capitalize on them.

Author: Lucrecia Gomez

Table of Contents

Key Highlights of the Power & Energy Industry, 2021

Top Predictions for 2022

Why Is It Increasingly Difficult To Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Power & Energy Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Scope

What Is Included in the Power & Energy Outlook Report?

North American Power & Energy Outlook, Key Market Trends

North American Power & Energy Outlook, Key Market Trends (continued)

Trend 1—Renewed US Leadership

Trend 2—Solar PV Leads a Wider Renewable Surge

Trend 2—Solar PV Leads a Wider Renewable Surge (continued)

Trend 3—Onshore Wind Matures; Offshore Takes Off

Trend 3—Onshore Wind Matures; Offshore Takes Off (continued)

Trend 4—Upgrades & Expansion of Hydropower

Trend 5—Sustainability & Technology Innovations Drive Geothermal

Trend 6—Stable Climate for Natural Gas Power Generation

Trend 7—North America as the LNG Superpower

Trend 8—Energy for Bitcoin

Trend 9—45% Decline for Coal in a Decade

Trend 10—Rise of the Hydrogen Economy

Trend 10—Rise of the Hydrogen Economy (continued)

Trend 11—Substantial Deployments of Battery Energy Storage

Trend 11—Substantial Deployments of Battery Energy Storage (continued)

Trend 12—Accelerating Pace of Digital Grid Transformation

Trend 12—Accelerating Pace of Digital Grid Transformation (continued)

Annual Investment Forecast, Power & Energy Market

Installed Capacity Forecast, Power & Energy Market

Annual Capacity, Power & Energy Market

Annual Investment by Country, Power & Energy Market

Key Country Power Trends

Power Generation Investment Outlook

Power Generation Investment Outlook (continued)

United States, Power & Energy Market

Canada, Power & Energy Market

Growth Opportunity 1—As-a-Service Business Model to Accelerate Adoption of Distributed Energy Resources/Advanced Grid Equipment

Growth Opportunity 1—As-a-Service Business Model to Accelerate Adoption of Distributed Energy Resources/Advanced Grid Equipment (continued)

Growth Opportunity 2—Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies

Growth Opportunity 2—Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies (continued)

Growth Opportunity 3—IoT to Enhance Generation and Grid Equipment for Improved Power Network Resiliency and Reliability

Growth Opportunity 3—IoT to Enhance Generation and Grid Equipment for Improved Power Network Resiliency and Reliability (continued)

Key Conclusions

Abbreviations and Acronyms Used

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures & Charts
List of Figures
  • Power & Energy Market: Annual Solar Investment, North America, 2021, 2025 and 2030
  • Power & Energy Market: Annual Wind Investment, North America, 2021,2025 and 2030
  • Power & Energy Market: Annual Wind Capacity, North America, 2021, 2025 and 2030
  • Power & Energy Market: Annual Hydro Investment, North America, 2021, 2025 and 2030
  • Power & Energy Market: Annual Geothermal Investment , North America, 2021, 2025 and 2030
  • Power & Energy Market: Installation Costs for Geothermal Plants, North America, 2021 and 2030
  • Power & Energy Market: LNG Hotspots, Global, 2022
  • Power & Energy Market: Roadmap of Hydrogen Activities, North America, 2022
  • Green Hydrogen: Electrolyser Cumulative Installed Capacity Forecast, North America, 2025 and 2030
  • Power & Energy Market: Storage Investment by End User, North America, 2020–2030
  • Power & Energy Market: Digital Expenditure Forecast, North America, 2020 and 2030
  • Power & Energy Market: Annual Investment Forecast by Fuel Type and Country, North America, 2021, 2022 and 2030
  • Power & Energy Market: Annual Installed Capacity Forecast by Fuel Type and Country, North America, 2021, 2022 and 2030
  • Power & Energy Market: Annual Capacity Forecast by Fuel Type, North America, 2020–2030
  • Power & Energy Market: Annual Investment Forecast by Country, North America, 2020–2030
  • Power & Energy Market: Power Trends by Country, North America, 2021–2030
  • Power & Energy Market: Investment Outlook by Technology, North America, 2022–2030
  • Power & Energy Market: Power Generation Investment by Fuel Type, United States, 2021, 2022, 2025 and 2030
  • Power & Energy Market: Power Generation Investment by Fuel Type, Canada, 2021, 2022, 2025 and 2030
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Impacting your company's future growth potential.

After a challenging year in 2020, the year 2021 redefined the global energy industry in many ways. The world witnessed rising concern about climate change and demand for sustainable solutions and processes. Following the latest COP summit, more than 100 countries have pledged commitment to net-zero emissions by 2050. In North America, Canada announced a commitment to reduce total greenhouse gas emissions by 40 to 45% from 2005 levels by 2030, and the United States aims to cut its emissions in half by 2030 (between 50 and 52% from 2005 levels). Despite the difficulties brought on by the COVID-19 pandemic, stakeholders across the energy value chain exhibited great resilience by developing innovative business models and sustainable practices to increase their sales. This activity resulted in record growth for the renewable industry in 2021. And in spite of the supply chain constraints, in 2022, installation of renewable energy sources is poised to continue its momentum as demand for clean energy solutions accelerates in North America. Renewables was the big story in 2021, and 2022 will experience the continuity of that momentum as more and more stakeholders are pursuing their sustainability targets. Frost & Sullivan predicts investments of more than $62 billion in the renewable energy sector across North America in 2022. This research offers a comprehensive overview on top power and energy trends for North America in 2022, including the re-focus of US energy policy on cleaner energy, domination of renewables (solar PV, wind, hydro, and geothermal), the next wave of gas, the future of nuclear power, the question of whether coal can phase out, the upcoming hydrogen economy, the rise of power storage, and digital transformation. This Frost & Sullivan research service analyzes the North American power and energy market from 2020 to 2030, with 2021 as the base year. It offers power investment predictions for selected countries segmented by the various power generation sources. The research also highlights future growth opportunities and the strategic imperatives market participants need to consider to capitalize on them. Author: Lucrecia Gomez
More Information
Deliverable Type Market Outlook
Author Lucrecia Gomez
Industries Energy
No Index No
Is Prebook No
List of Charts and Figures Power & Energy Market: Annual Solar Investment, North America, 2021, 2025 and 2030~ Power & Energy Market: Annual Wind Investment, North America, 2021,2025 and 2030~ Power & Energy Market: Annual Wind Capacity, North America, 2021, 2025 and 2030~ Power & Energy Market: Annual Hydro Investment, North America, 2021, 2025 and 2030~ Power & Energy Market: Annual Geothermal Investment , North America, 2021, 2025 and 2030~ Power & Energy Market: Installation Costs for Geothermal Plants, North America, 2021 and 2030~ Power & Energy Market: LNG Hotspots, Global, 2022~ Power & Energy Market: Roadmap of Hydrogen Activities, North America, 2022~ Green Hydrogen: Electrolyser Cumulative Installed Capacity Forecast, North America, 2025 and 2030~ Power & Energy Market: Storage Investment by End User, North America, 2020–2030~ Power & Energy Market: Digital Expenditure Forecast, North America, 2020 and 2030~ Power & Energy Market: Annual Investment Forecast by Fuel Type and Country, North America, 2021, 2022 and 2030~ Power & Energy Market: Annual Installed Capacity Forecast by Fuel Type and Country, North America, 2021, 2022 and 2030~ Power & Energy Market: Annual Capacity Forecast by Fuel Type, North America, 2020–2030~ Power & Energy Market: Annual Investment Forecast by Country, North America, 2020–2030~ Power & Energy Market: Power Trends by Country, North America, 2021–2030~ Power & Energy Market: Investment Outlook by Technology, North America, 2022–2030~ Power & Energy Market: Power Generation Investment by Fuel Type, United States, 2021, 2022, 2025 and 2030~ Power & Energy Market: Power Generation Investment by Fuel Type, Canada, 2021, 2022, 2025 and 2030~
Podcast No
WIP Number K753-01-00-00-00

North American Power & Energy Outlook, 2022

$4,950.00

Special Price $3,712.50 save 25 %

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SKU
EG02231-NA-MO_26490