North American Power Market Growth Opportunities Report 2022: What Role will Renewables, CCSU, Digitalization, Energy Storage, Electrification, and Hydrogen Play? - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 6, 2023--
The “North American Power Market Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.
This study provides a perspective on key trends driving growth in the North American power market.
As the North American power market evolves and competition intensifies, it is becoming increasingly important for market participants to accelerate innovation and develop sustainable growth strategies.
Globally, governments are looking for solutions across sectors to mitigate climate change and support decarbonization, and the renewable energy, carbon capture storage and utilization (CCSU), digitalization, electrification, energy storage, and hydrogen markets hold the most significant opportunities.
The route to decarbonization requires supportive regulatory frameworks that mandate energy efficiency and emission reduction measures across all sectors. To achieve a low-carbon future, significant changes are required. Following the latest COP summit, more than 100 countries pledged their commitment to net-zero emissions by 2050.
In North America, Canada announced emissions pledges to reduce total greenhouse gas (GHG) emissions by 40-45% from 2005 levels by 2030, and the United States aims to cut emissions in half by 2030 (50-52% from 2005 levels).
Despite the eclectic market conditions, stakeholders across the North American power value chain exhibited great resilience by developing innovative business models and sustainable practices to increase sales. This resulted in record growth for the power market in 2021.
Renewable power generation, storage, and hybrid solutions have been central to decarbonization initiatives by state governments and the commercial and industrial (C&I) sector. In 2022, despite the supply chain constraints, the installation of clean power sources is poised to continue its momentum as demand for sustainable energy solutions accelerates in North America.
Key Issues Addressed:
- What role will renewables, CCSU, digitalization, energy storage, electrification, and hydrogen play in the regional power transition?
- What must happen in the North American power market to enable large-scale decarbonization?
- What can power companies do to reduce their scope 2 emissions?
- What technological developments are in progress to achieve this power transition?
- What will be the most attractive growth opportunities?
Key Topics Covered:
1. Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top 3 Strategic Imperatives on the Power Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
- Top Trends Driving Power Market Growth
- Growth Drivers
- Growth Restraints
- Increase of Renewables
- Emergence of Renewables
- Digital Transformation and Innovation
- Energy Storage
- H2 Economy
- Integrated Energy Trends and Solutions
3. Growth Opportunity Universe
- Growth Opportunity 1: EaaS - A New Investment Opportunity
- Growth Opportunity 2: Innovative Business Models for Utilities and Aggregators
- Growth Opportunity 3: Shift from Consumer to Prosumer
- Growth Opportunity 4: Solar PV Plants for Green Hydrogen Production
For more information about this report visit https://www.researchandmarkets.com/r/avatai
View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005289/en/
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KEYWORD: NORTH AMERICA
INDUSTRY KEYWORD: ALTERNATIVE ENERGY ENERGY OTHER ENERGY UTILITIES
SOURCE: Research and Markets
Copyright Business Wire 2023.
PUB: 01/06/2023 10:09 AM/DISC: 01/06/2023 10:09 AM