The growing number of renewable energy installations has led to excess power generation and high demand for energy storage solutions. Which application segments will drive future industry growth? What is the growth forecast for these segments?
The global generator database forecasts growth opportunities for applications and end-user segments affecting this sector. Who are the key end-users? Which are ready for expansion? How will the structure of the industry change?
Along with the current installed capacity of different states, this research maps the hotspots in the country that display high solar potential. It also discusses the competitive environment, industry share of top competitors, revenue forecast, drivers, and challenges.
1.Time for change
2021 will (fingers crossed) go down in history as the year the world started to take climate change seriously. In April, the UK and Chinese governments announced ambitious goals of achieving carbon zero by 2050 and 2060 respectively. America plans to achieve a 50-52% reduction from 2005 levels in economy-wide net greenhouse gas pollution by 2030.
In the corporate world, high-tech businesses such as Microsoft, Apple and Novo Nordisk and service companies such as EY, Sky and KPMG have set their sights on achieving carbon zero by 2030. The more energy intensive industries including manufacturers (Cemex, Holcim and Tetrapak), oil and gas firms (BP, Shell and Total) and airline companies (BA, American Airlines and Japan Airlines) plan to reach this target by 2050.
Schedule a dialog or email us at myfrost@frost.com to connect with an industry expert at no charge. We are taking unprecedented action to make our team available to help you cut through the media and politics to get factual one-to-one guidance for the issues and opportunities that matter most to your business.
New Zealand Facilities Management: Novel Growth Opportunities Unveiled
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Growth of Residential and B2B Solar Rooftop Installations in Thailand
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Growth in Decentralized Packaged Water and Wastewater Treatment
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GCC Power Sector: Distributed Energy Drives Growth and Innovation
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Growth Prospects in the SE Asian Medium Voltage Switchgear Industry
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Innovative Technologies Transforming the Power Generation Sector
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Top 10 Growth Opportunities in the Global Building Automation Sector
Read more Request InfoThe theme for World Environment Day on 5 June 2021 is ecosystem restoration. The day will also celebrate the launch of the United Nations Decade on Ecosystem Restoration 2021-2030. The past 18 months have been the most challenging to society, industry and commerce. As we embark on the path to recovery, the broad consensus is to build back better, stronger and, most importantly, greener.
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Adani Green Energy’s acquisition of SB Energy is the largest deal in India’s renewable energy sector, valuing the company at ₹26,000 crores ($3.5 billion). This is great news for India, which currently has one of the largest renewable energy addition programs with targeted capacity addition of 175 GW by 2022 and 430 GW by 2030, according to the Ministry of Power and Ministry of New and Renewable Energy, India.
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As professionals, our careers are often assessed on our ability to identify critical technology growth opportunities and mitigate the inherent risk associated with our choices. Our Top 50 Platform is a highly effective, low-risk tool that can be added to your toolkit to enhance your decision-making by being more thorough and introducing elements of out-of-the-box perspectives that are necessary.
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Frost & Sullivan’s recent analysis on the distributed energy market in the Gulf Cooperation Council (GCC) finds that it is gathering momentum with declining technology costs, resource availability, and favorable policies. This encourages customers to self-generate electricity through distributed renewable sources and sell excess electricity back to the grid, transforming customers into prosumers (an individual who consumes as well as produces goods or services).
COVID-19 has accelerated digitalization across industries, business models, and touchpoints. As communication and sharing of information move from a physical to digital medium, users must protect access to their identity online using secure, portable, and verifiable credentials in real-time. Therefore, a digital identity system compiling personal information such as name, passport number, health data, and financial information that can be linked to a secure digital device or account will be a critical enabler.
Frost & Sullivan’s recent analysis, Advancements in Digital Technologies for Solar and Wind Farm Inspection, finds that technology advancements have drastically changed solar and wind farm inspections. Their deployment enables access to the required data and helps with visualization, ensuring process, performance, and resource optimization. Despite experiencing the adverse impact of COVID-19 in 2020, the expected resumption of delayed projects in 2021 will drive the solar and wind farm inspection market.
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