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18 Sep 2018  |  Global
Technology Convergence of AI with IoT, Cloud, and Big Data will Open Up Numerous Application Opportunities in the Energy Sector
Artificial Intelligence (AI) is one of the biggest technological trends transforming every business sector across the world. With advances in computer technology, AI has scaled new heights in utility and application, exceeding all initial expectations. By leveraging advanced machine learning (ML) and deep learning (DL) algorithms, and advanced neur...
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19 Nov 2018  |  Global
Capacity Additions in Developing Nations Hold the Key to Market Growth
Nuclear power will continue to play an important role in the energy mix, despite the rise of renewable energy. By 2030, it will continue to account for 7% of the global electricity generated, and in 15–20 countries, it will be a primary source of electricity. The fastest growth is expected in Asia, as nations there are expected to move towards nu...
31 Dec 2018  |  Global
Grid Instability and Environmental Awareness Drive Double-digit Market Growth in the Short Term
Future energy trends are expected to be governed by both the level and pattern of economic activity along with global demographic changes. The positive economic outlook globally is a result of the pickup in global trade, investment, and industrial production. Advanced economies witnessed strong domestic demand and output growth in 2017, while emerg...
22 Feb 2019  |  Global
Solar Servicing Costs to Halve by 2025, Driven by Service Practice Innovation and Technology Cost Reductions
The global market for solar services is forecast to increase from $8.13 billion in 2017 to $14.48 billion by 2025, driven by an aging asset base, as well as new installations. Solar growth remains strong across most regions, although the market has declined in China, due to change in regulations, which will mean lower installations in 2018 than in ...
29 Mar 2019  |  Global
Forces Driving Data Centers of Tomorrow
The demand for data transfer and storage has significantly increased over the past few years and is expected to continue to do so till 2022, driving data center expansion and investment. Escalating Internet and mobile data traffic has led to data growth; global Internet IP traffic is likely to rise from 6.8 ZB (zettabyte) in 2016 to 24.6 ZB by the ...
16 Apr 2019  |  Global
Edge Data Center is Forecast to be a $3.62 Billion Market by 2022, Driven by Latency-focused Next-gen Applications
As we enter the next era of digitization, we are amidst a silent revolution that will change the location from where we process data as well as the speed in which we do that—the reasons being Edge Computing and 5G. The term edge refers to the edge of a network, i.e., close to the data/information source and edge computing means processing data cl...
16 Apr 2019  |  Global
Innovations in the Wind Energy Market are Focussing on Cost Reduction in Design, Manufacturing, Maintenance and Construction
Wind energy is one of the fastest-growing energy sources in the world and is poised to play a key role in mitigating global climate change and future energy provision. Of the renewable energy technologies, wind energy ranks second only to hydroelectric power in terms of installed capacity, globally. The global wind power market has achieved excepti...
08 May 2019  |  Global
Impact of Industry 4.0 Technologies on this Critical Phase of Exploration and Production
This study is an overview of future technological trends in oil & gas completions design. Whether for an operator, a contractor, or a start-up, Frost & Sullivan believes that open collaboration and idea sharing will drive business opportunities and progress in the industry. To that end, this study has 3 goals: • Describe key areas of technolog...
14 May 2019  |  Global
Strategies to Implement Digital Technology as a Part of the Overall Organizational Strategy are Made Possible by IIoT
The Industrial Internet of Things, a critical facet of digital transformation that brings together different aspects of technology, is already leaving a lasting footprint on the power industry, and as new decade begins, the impact it could potentially have on the power industry could be a real game changer. Bringing Different Aspects of Technologi...