Technologies Enabling Industrial Electrification

Technologies Enabling Industrial Electrification

Global Efforts to Deliver Net-zero Carbon Emissions Will Spur the Decarbonization and Electrification of Emissions-intensive Industries

RELEASE DATE
18-Dec-2023
REGION
Global
Deliverable Type
Technology Research
Research Code: DA9B-01-00-00-00
SKU: EG_2023_442
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$4,950.00
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SKU
EG_2023_442

Technologies Enabling Industrial Electrification
Published on: 18-Dec-2023 | SKU: EG_2023_442

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The global industrial sector is responsible for nearly 30% of carbon emissions annually. To achieve carbon reduction targets, demand is increasing for the electrification of key manufacturing processes. Focus is currently on achieving direct electrification, which involves replacing fossil fuels used in various industrial processes with technologies that can operate on electricity. With rising renewable energy share in national grids, direct electrification is set to offer significant carbon reduction potential.

In addition to reducing the industrial carbon footprint, electrification is likely to play a main role in reducing reliance on price-volatile fossil fuels, bringing down long-term production costs as renewable energy gets cheaper and supports automation and energy optimization efforts in manufacturing centers.

Global efforts to reach the 2050 net-zero carbon emissions targets and to reduce the impact of pollution in industrial centers, as well as consumers’ growing awareness of and demand for sustainable and ethical products, are driving electrification initiatives across the manufacturing sector. Even though challenges remain, such as the reliability of electricity supply and high upfront costs, the global manufacturing ecosystem is set to undergo profound changes as enabling technologies mature and achieve economies of scale.

This research deliverable covers the following topics:
Direct industrial electrification techs and current trends, including factors driving adoption of these systems across energy-intensive in industries
Major stakeholders in the industrial electrification technology landscape
Techno-economic analysis of direct industrial electrification technologies and examples of industrial-scale adoption through case studies
Patent landscape and growth opportunities pertaining to process heat electrification technologies

Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Industrial Electrification Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Electrification of Energy-intensive Industries

Electrification of Iron and Steel, Chemicals, and Cement Sectors Vital for Wide-scale Electrification and Decarbonization

Temperature Profile of Process Heating across Various Sectors

Key Technologies for Electrification of Process Heat

Key Technologies for Electrification of Process Heat (continued)

Key Technologies for Electrification of Process Heat (continued)

Key Technologies for Electrification of Process Heat (continued)

Key Technologies for Electrification of Process Heat (continued)

Case Study: Alcoa Renewable Powered Electric Calcination Pilot Project

Case Study: Hydrogen Breakthrough Ironmaking Technology (HYBRIT) Demonstration Project

Several Developed Markets Moving toward Industrial Electrification

Important Players in the Industrial Electrification Space

Important Players in the Industrial Electrification Space (continued)

Industrial Electrification Patent Landscape

Growth Opportunity 1: Small Modular Reactors (SMRs)

Growth Opportunity 1: SMRs (continued)

Growth Opportunity 2: Captive Microgrids

Growth Opportunity 2: Captive Microgrids (continued)

Growth Opportunity 3: Industry 4.0

Growth Opportunity 3: Industry 4.0 (continued)

Technology Readiness Levels (TRL): Explanation

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The global industrial sector is responsible for nearly 30% of carbon emissions annually. To achieve carbon reduction targets, demand is increasing for the electrification of key manufacturing processes. Focus is currently on achieving direct electrification, which involves replacing fossil fuels used in various industrial processes with technologies that can operate on electricity. With rising renewable energy share in national grids, direct electrification is set to offer significant carbon reduction potential. In addition to reducing the industrial carbon footprint, electrification is likely to play a main role in reducing reliance on price-volatile fossil fuels, bringing down long-term production costs as renewable energy gets cheaper and supports automation and energy optimization efforts in manufacturing centers. Global efforts to reach the 2050 net-zero carbon emissions targets and to reduce the impact of pollution in industrial centers, as well as consumers growing awareness of and demand for sustainable and ethical products, are driving electrification initiatives across the manufacturing sector. Even though challenges remain, such as the reliability of electricity supply and high upfront costs, the global manufacturing ecosystem is set to undergo profound changes as enabling technologies mature and achieve economies of scale. This research deliverable covers the following topics: Direct industrial electrification techs and current trends, including factors driving adoption of these systems across energy-intensive in industries Major stakeholders in the industrial electrification technology landscape Techno-economic analysis of direct industrial electrification technologies and examples of industrial-scale adoption through case studies Patent landscape and growth opportunities pertaining to process heat electrification technologies
More Information
Deliverable Type Technology Research
Author Nikhil Paranjape
Industries Energy
No Index No
Is Prebook No
Keyword 1 Electrification Solutions
Keyword 2 Industrial Energy Management
Keyword 3 Industrial IoT (IIoT)
Podcast No
WIP Number DA9B-01-00-00-00