Energy Industry Trends & Forecasts

C O N T E N T S:

KEY TOPICS

  • Renewables, smart homes, artificial intelligence (AI) and the Internet of Things (IoT) will have a massive impact on how energy companies need to address the market in 2018, predicts Colin Beaney, IFS's Global Industry Director for Energy & Utilities.(More...)
  • Bound to such factors, energy drinks continue to witness stable demand in the healthcare industry.(More...)
  • While the Lighting Global/GOGLA franchise of six-month market updates ( H1 2017, H2 2016 ) serve as the go-to source of information for investors, industry members, policymakers, and other stakeholders in the off-grid solar space, the flagship Market Trends Report provides an opportunity to step back for reflection on long-term trends, challenges and opportunities--illuminating a path forward for the sector.(More...)

POSSIBLY USEFUL

  • Accompanying these long-term drivers, five trends will shape the energy and utilities landscape in the coming year: the rise of renewable energy techs and companies (RenTechs), the growth of self-powering communities, developments in battery storage solutions, the role of AI and robotics in consumer expectations, and the move to u2es.(More...)

RANKED SELECTED SOURCES

Energy Industry
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GENERAL INFO
The global solar energy industry is expected to reach $422 billion by 2022 from $86 billion in 2015, growing at a CAGR of 24.2% from 2016 to 2022. [1]

KEY TOPICS

Renewables, smart homes, artificial intelligence (AI) and the Internet of Things (IoT) will have a massive impact on how energy companies need to address the market in 2018, predicts Colin Beaney, IFS's Global Industry Director for Energy & Utilities. [2] We are optimistic that this trend will gain momentum in 2018 and that it will be good news for the industry, its customers, and for the safe, efficient, and reliable delivery and use of all forms of energy. [3] The rise of inexpensive, scalable electricity storage may be more disruptive to the energy sector long term than anything else going on in the industry today. [4]

With the oil and gas industry in its fourth year of this extended downturn, OPEC policy, the future of unconventional oil, and the strength of demand determining prospects for recovery, we focus on trends for 2018 that likely have staying power. [5] Offsetting these trends, however, is a surge in demand for new power and utilities offerings -- a surge so strong that the industry hasn't yet caught up to it. [6]

As power utilities make this move, the industry will change around them, in ways that are still hard to predict, in part because the technology is still evolving. [6]

Bound to such factors, energy drinks continue to witness stable demand in the healthcare industry. [7] Bound to such factors, the energy drinks witness considerable demand in the sports industry positively. [7]

This report studies the global Energy Management System (EMS) market size, industry status and forecast, competition landscape and growth opportunity. [8]

The post Global Solar Cells Market 2018 Industry Trend and Forecast 2025 by Wiseguy Reports appeared first on Herald Keeper. [9] The report reviews the most relevant DG technologies, discusses recent trends in capacity installation and unit sales, and provides industry overviews and market assessments for each technology. [10]

As solar-plus-storage technology grows in popularity and implementation, many solar industry experts are turning their attention towards innovative models for individual and community power generation and distribution. [11]

Low-cost manufacturing and increase in efficiency of solar modules are projected to boost the demand for cadmium telluride during the forecast period in the solar energy industry. [1] The global solar energy industry is expected to reach $422 billion by 2022 from $86 billion in 2015, growing at a CAGR of 24.2% from 2016 to 2022. [1] Industry operators benefit from the federal production tax credit (PTC), a government incentive that pays producers per unit of energy sold, and growing support for renewable energy. [12]

While the Lighting Global/GOGLA franchise of six-month market updates ( H1 2017, H2 2016 ) serve as the go-to source of information for investors, industry members, policymakers, and other stakeholders in the off-grid solar space, the flagship Market Trends Report provides an opportunity to step back for reflection on long-term trends, challenges and opportunities--illuminating a path forward for the sector. [13] The 2018 Global Off-Grid Solar Market Trends Report is the fourth report in a biennial series established over the past 8 years as the report of record for the off-grid solar industry. [13]

This report forecasts installed capacity growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2012 to 2020. [14]

POSSIBLY USEFUL

Accompanying these long-term drivers, five trends will shape the energy and utilities landscape in the coming year: the rise of renewable energy techs and companies (RenTechs), the growth of self-powering communities, developments in battery storage solutions, the role of AI and robotics in consumer expectations, and the move to u2es. [15] In the U.S., the Energy Information Administration (EIA) reports that the electricity sales growth rate since 2002 has hovered around 1 percent or less per year, and demand has declined in five of those years. [6] The Energy Information Administration expects gas to generate 33.1% of U.S. electricity this year to coal's 29.6%. [16]

The U.S. Energy Information Administration forecasts that Brent spot prices will average $56 a barrel in 2018 and that supply growth from the U.S., Brazil and OPEC will increase oil inventories by 100,000b/d. [17] China accounted for more than 40 percent of capacity growth in global renewable energy in 2016, but other high-power Asian markets, like India, Malaysia and the Philippines, are expanding in renewables, too. [2] Like renewable energy, battery storage is in the midst of rapid price declines and a growing appreciation among utilities across the country. [16] Many well-known companies have announced energy efficiency targets for 2020, including Procter & Gamble (powering its plants with 100 percent renewable energy), Walmart (reducing building energy intensity by 20 percent from 2010 levels), and McDonald's (increasing energy efficiency by 20 percent in company-owned restaurants). [6] The dynamics of the energy business are continuously evolving as technologies progress, economies grow or shrink, consumer behaviors and expectations shift, geopolitical events come and go, and companies strive to maintain reliability and service in an uncertain world. [3] " Overall demand is expected to remain bullish throughout the remaining months and years of the ongoing 13th five-year-plan period," said Asia Europe Clean Energy (Solar) Advisory. [17] Asia will lead the way in wind power capacity additions in 2018, accounting for 29GW of the 60GW worldwide predicted by the Global Wind Energy Council (GWEC). [17]

Distributed energy resources (DERs) like rooftop solar, energy storage, and demand response can now provide consistent energy flow as needed at a price that's often lower than keeping natural gas peaker plants online. [4] Power utilities will now need to provide alternative generation sources, energy storage, equipment replacement, sensor-based energy monitoring systems, software-based data analytics, facilities management services, and the infrastructure to back it all up. [6]

Forecasts for 2018 indicate that increasing the energy security and resilience of homes and businesses through microgrid adoption will become more common, providing further evidence that it is the innovative power generation and distribution model of the future. [11] As renewables are now part of the energy portfolio and are rapidly gaining market share, they bring along benefits such as energy mix diversification, with distributed generation growing at a fast pace worldwide and its installed capacity expected to more than double in the next decade. [18] I think there is no forecast anywhere that does not expect demand for electricity to grow and for electricity to become a more important part of the energy mix. [19] Driving the development of DG technologies and markets is an increasing global awareness of the many advantages of non-traditional energy generation sources: Backup power and energy shortage alternatives. [10]

Increasing numbers of commercial customers will be participating in the growing number of integrated energy efficiency and demand response programs utilities are offering as a single coordinated program of demand side management. [20] Increasing need for recovering energy is expected to rev up demand for the energy drinks among the customers. [7]

With the size of the load and the lower risk of default in the commercial sector, this will be a target entry point for the growing sector offering Energy as a Service business models. [20]

This report entails the detailed study of market trends and forecast from 2014 to 2022 that assists to identify the prevailing market opportunities to capitalize on the global solar energy market and solar energy market size. [1] The increasing demand for EVs will be of crucial importance for the energy sector as a whole because we expect that further reductions in battery car prices, due to the increased scale, will drive down utility scale energy storage costs with huge implications in terms of increased availability of energy produced by renewable energy sources. [21] Emerging economies such as China, Japan, and Africa have experienced significant rise in the demand for solar energy with increasing applications in residential and nonresidential sectors. [1] More utilities will roll out consumer engagement programs like Con Edison's Marketplace, which offers discounts for these technologies and as market adoption increases, utilities will be able to leverage the data to better forecast supply and demand on the grid and create more robust incentive structures for energy consumers. [22] As utilities understand and tap into behind-the-meter energy resources, it will become easier for them to create load profiles for customers, more accurately value Distributed Energy Resources (DERs), better predict supply and demand, price energy accurately and reduce reliance on expensive peak power plants that typically use dirty inputs like gas or coal. [22] We?re excited about blockchain applications, from enabling peer-to-peer energy trading, to unlocking the power of Distributed Energy Resources (DERs) for ancillary grid services, to EV charging and the replacement of the volatile Solar Renewable Energy Credit (SREC) markets. [22]

With the rise in demand for PV installations, the adoption of storage grid is projected to increase, which fuels the demand for lithium ion-powered battery for solar energy storage and increase the solar energy market growth. [1] This trend could dramatically change the structure of the energy market as it is by introducing new actors, such as local dispatchers able to perform primary and secondary regulation in a distributed way that would change forever the way we have conceived the energy business so far. [21]

RANKED SELECTED SOURCES(22 source documents arranged by frequency of occurrence in the above report)

1. (6) Solar Energy Market Size, Share - Industry Trends & Growth

2. (5) 2017 Power and Utilities Trends

3. (3) The energy industry outlook, from 2017 to 2018 - Power Technology

4. (3) 5 Cleantech Trends to Watch in 2018

5. (3) Energy Drinks Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022

6. (2) Distributed Energy Generation Market 2018 Global Trend, Segmenta - Tri-State News, Weather & Sports

7. (2) Looking Forward: Microgrid & Distributed Generation Trends in 2018

8. (2) The 2018 Global Off-Grid Solar Market Trends Report | Lighting Global

9. (2) 10 trends shaping the power sector in 2018 | Utility Dive

10. (2) The heat is on in 2018: 3 trends driving change in the energy & utilities industry - IFS Blog

11. (2) Top Energy Trends to Watch in the Commercial Sector in 2018 | BOSS Controls

12. (2) 5 disruptive trends that will change the energy industry forever | LinkedIn

13. (2) 2018 Energy & Resources Industry Outlooks | Deloitte US

14. (2) The Most Important Energy Trend in 2018 -- The Motley Fool

15. (1) Wind Power (US) - Industry Research Reports | IBISWorld

16. (1) Solar PV Market Size, Share, Trends | Global Industry Report 2012 - 2020

17. (1) 2018 Energy and Utilities Trends

18. (1) 3 trends transforming the energy sector | World Economic Forum

19. (1) Six mega-trends that could shape the future of energy | Observations | BP Magazine | BP

20. (1) 2018 Power & Utilities Industry Outlook | Deloitte US

21. (1) Energy Management System (EMS) Market 2018 Global Trend, Segmentation and Opportunities Forecast To 2025 - NBC2

22. (1) Global Solar Cells Market 2018 Industry Trend and Forecast 2025 - MarketWatch

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