The Czech Lanterns – Prague’s Airport Refurbishment
New buildings at an airport in Prague will feature a programmable glass exterior to show travel information and a satellite image of Czech Republic. Watch...
Read Full ArticleTransition to more decentralised and intelligent energy systems are driving market opportunities for solar PV says the latest report from the Frost & Sullivan Energy & Environment team.
Increased decentralisation, the need to decarbonise electricity generation and digitisation to boost operational efficiency are driving market opportunities in the power industry. Continued regulatory support for renewable energy in key markets will see global power investment reach $443.5 billion in 2017.
Solar photovoltaic (PV) will be the fastest growing segment, followed by wind power, accounting for 37.5 percent and 21 per cent of global investment, respectively, by 2020. The evolving market will compel power sector participants to craft innovative business models, offer customer-centric solutions, and create flexible portfolios. There will also be higher consolidation as companies seek funding to expand and introduce novel products.
Global Power Industry Outlook, 2017, a new analysis from Frost & Sullivan’s Power Generation Growth Partnership Service programme, examines power market trends, including installed capacity, investment and regional growth across coal-fired, gas-fired, nuclear, hydro, solar PV, wind and biomass power.
“As new geographies emerge, local legislation and pro-renewable incentives will impact the fuel mix, compelling industry participants to identify challenges and define localisation strategies for long-term growth,” said Energy & Environment Principal Consultant Jonathan Robinson. “As the renewable and distributed energy markets mature, a large installed capacity of equipment that needs servicing will also offer the operation and maintenance sector attractive growth prospects.”
Key trends in the global power industry include:
“Digitisation has the potential to drive efficiency gains and unlock new revenue streams for market participants in business areas such as demand response, utility as an energy service company or ESCO, predictive and real-time analytics, vehicle to grid, and virtual power plants and microgrids,” noted Robinson. “However, implementation will take time and significant investment.”
Picture: Solar on the rise
Article written by Robin Snow | Published 28 April 2017
New buildings at an airport in Prague will feature a programmable glass exterior to show travel information and a satellite image of Czech Republic. Watch...
Read Full Article