Utilities Coverage

Waste Heat To Power Market Definition

Waste heat to power (WHP) refers to the technology and processes involved in capturing and reusing the waste heat generated during industrial processes to produce electricity. This approach plays a critical role in enhancing energy efficiency and reducing greenhouse gas emissions by utilizing heat that would otherwise be released into the environment without any beneficial use. Waste heat sources can include, but are not limited to, exhaust gases from industrial furnaces, engines and turbines that operate at high temperatures. The WHP market consists of sales of WHP services and related products, by entities (organizations, sole traders and partnerships) that are involved in capturing heat discharged by an existing process and using it to create power.

Smart Utilities Market Definition And Segments

Smart utilities refer to modernized systems and technologies employed in the management, monitoring, and optimization of various utility services such as electricity, water, and gas. Smart utilities utilize connected sensors across their grids to deliver services more efficiently, leveraging the Internet of Things (IoT) and digital technologies to optimize asset performance, provide real-time business intelligence, and prevent utility loss. The main components of smart utilities include hardware, software, and services. Hardware refers to the physical devices and equipment used to manage and monitor utility services such as electricity, water, and gas. The technology includes wired, and wired-less for end applications in meter hardware, communications and networking, power quality equipment, and technologies. The smart utilities market covered in this report is segmented – 1) By Components: Hardware, Software, Services 2) By Technology: Wired, Wired-Less 3) By Applications: Meter Hardware, Communications And Networking, Power Quality Equipment, Technologies The smart utilities market size has grown rapidly in recent years. It will grow from $41.00 billion in 2023 to $46.64 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increased adoption of energy storage solutions, the need for demand response management, increased demand for renewable energy, increased energy consumption, and increased investment in infrastructure modernization. The smart utilities market size is expected to see rapid growth in the next few years. It will grow to $78.52 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to rising grid reliability and resilience, weather-based load forecasting, digitalization and analytics, increasing demand for sustainable energy solutions, rising utility costs driving the need for efficiency, and increasing preference for energy-efficient appliances. Major trends in the forecast period include hyper automation and edge computing, digital twins for predictive maintenance, a focus on cybersecurity with quantum threats in mind, and smart grids as a platform for new services and advancements in autonomous systems and robotics.

Growing Adoption Of Electric Vehicles Is Driving The Growth Of The Smart Utilities 

The growing adoption of electric vehicles is expected to propel the growth of the smart utilities market going forward. Electric vehicles (EVs) are powered by one or more electric motors using energy stored in rechargeable batteries or another energy storage device. The growing use of electric vehicles is due to convenience and ecological benefits, as well as the increasing availability of models, decreasing costs, and government policies favoring decarbonization. Smart utilities facilitate the integration of electric vehicles (EVs) by optimizing charging infrastructure, managing grid demand, and enabling efficient energy distribution. For instance, in October 2023, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the percentage of electric cars among all new vehicle purchases rose to 14% in 2022, marking an increase from approximately 9% in 2021. Therefore, the growing adoption of electric vehicles is driving the growth of the smart utilities market. Major companies operating in the smart utilities market are Siemens AG, General Electric Company, International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd, SAP SE, Eaton Corporation plc, Atos SE, Wipro Limited, Tech Mahindra Limited, Xylem Inc., Hubbell Incorporated, Itron Inc., Enel X S.r.l., Landis+Gyr Group AG, S&C Electric Company, Semtech Corporation, Kamstrup A/S, Smart Energy International, Tantalus Systems Corporation, Trilliant Holdings Inc.

Technologically Advanced Smart Water Solution To Drive Innovation In Smart Utilities

Major companies operating in the smart utilities market are focusing on developing technologically advanced solutions, such as advanced meter infrastructure (AMI) solutions, to modernize urban water management and gain a competitive edge in the market. Advanced Meter Infrastructure (AMI) solutions refer to integrated systems that enable automated, real-time data collection and management for efficient utility monitoring and control. For instance, in June 2024, ST Engineering., a Singapore-based technology and engineering group, launched BrightCity, an advanced meter infrastructure (AMI) solution for helping utility providers and end users manage water consumption. BrightCity addresses challenges in aging water infrastructure and fragmented meter systems by transforming conventional meters into smart meters using its innovative Meter Interface Unit (MIU). This MIU, compatible with most water meters, enables wireless data collection and integration into a central Meter Data Management System (MDMS). The system provides real-time insights, predictive leakage detection, and a customer portal for monitoring water usage.

SEW Acquired 3Insys To Bolster Digital Solutions Portfolio

In February 2023, Smart Energy Water (SEW), a US-based provider of digital customer and workforce solutions, acquired 3Insys for an undisclosed amount. Through this acquisition, SEW aimed to leverage 3Insys' expertise and technology to enhance its offerings and expand its market reach in the digital solutions sector. 3Insys is a US-based provider of an Agile Integration Platform as a Service (iPaaS) for the energy and utility industries. North America was the largest region in the smart utilities market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart utilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart utilities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The smart utilities market consists of revenues earned by entities by providing services such as energy auditing services, utility billing services, grid management services, and remote monitoring services. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart utilities market also includes sales of products including smart meters, smart grids, smart sensors, and smart thermostats. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart utilities market research report is one of a series of new reports from The Business Research Company that provides smart utilities market statistics, including the smart utilities industry global market size, regional shares, competitors with the smart utilities market share, detailed smart utilities market segments, market trends, and opportunities, and any further data you may need to thrive in the smart utilities industry. These smart utilities market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Feeder Automation Market Definition And Segments

Feeder automation refers to the use of automated technologies to control and manage electrical distribution feeders in power systems. These systems can detect faults, isolate problem areas, and restore power quickly to minimize disruptions in service. The main types of feeder automation are hardware, software, and services. Hardware refers to the physical components of feeder automation, such as integrating sensors, actuators, controllers, and communication interfaces to automate the control, monitoring, and management of physical processes or equipment. The applications include commercial, industrial, residential, and others for end users such as manufacturing, transportation, agriculture, and retail. The feeder automation market covered in this report is segmented – 1) By Type: Hardware, Software, Services 2) By Application: Commercial, Industrial, Residential, Other Applications 3) By End-User: Manufacturing, Transportation, Agriculture, Retail The feeder automation market size has grown exponentially in recent years. It will grow from $3.53 billion in 2023 to $3.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rapid rising prices of electricity, increasing demand for automation of feeder systems, growing usage of distribution feeder, automation system in different mining sites, increasing operational efficiency needs. The feeder automation market size is expected to see strong growth in the next few years. It will grow to $5.26 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to integration of renewable energy sources, growing need for efficient feeder systems, need for improved reliability and efficiency in power distribution, increasing demand for customized automation solutions, higher adoption of feeder automation system in oil and gas industry. Major trends in the forecast period include implementation of smart grid technology, adoption of advanced technologies in feeder automation, integration of automatic devices, increasing investment in automation activities, product innovation.

Driving Forces Behind The Growth Of Feeder Automation Market In Power Distribution Sector

The rise in demand for efficient power distribution is expected to propel the growth of the feeder automation market going forward. Power distribution is the process of delivering electrical power from a generation source, such as a power plant, to various end users, such as homes, businesses, and industries. There is a demand for power distribution to efficiently deliver electricity from generation sources to end-users, powering homes, businesses, and industries, facilitating economic activities, and fulfilling societal functions. Power distribution uses feeder automation to improve reliability and efficiency by automating the monitoring, control, and management of distribution feeders, enhancing fault detection, isolation, and restoration processes, and ultimately ensuring uninterrupted power supply to consumers while reducing downtime and operational costs. For instance, in March 2023, according to the Dubai Electricity and Water Authority (PJSC), a UAE-based government agency, the total length of electricity transmission and distribution lines reached 42,586.71 kilometers in 2022, compared to 41,930 kilometers in 2021. The total length of transmission lines increased to 4,332 km, and the distribution lines—underground cables—to 37,541 km in 2022. Therefore, the increased demand for efficient power distribution is driving the growth of the feeder automation market. Major companies operating in the feeder automation market are Hitachi Ltd., Siemens AG, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., GE Vernova Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation PLC, Emerson Electric Co., Delta Electronics Inc., Rockwell Automation Inc., Omron Corporation, YASKAWA Electric Corporation, Woodward Inc., Schweitzer Engineering Laboratories Inc., Atlantic City Electric Company, CG Power & Industrial Solutions Ltd., G&W Electric Co., Moxa Inc., EFACEC, Kyland Technology Co. Ltd., ATI Industrial Automation Inc., Advanced Control Systems Inc.

Evolution Of All-in-One Protection Relays In Feeder Automation

Major companies operating in feeder automation are adopting sustainable electrification technologies such as all-in-one protection relays, to improve efficiency and reliability while reducing complexity and installation costs. Protection relays continuously monitor electrical parameters such as current, voltage, and frequency on distribution feeders. For instance, in May 2021, ABB Ltd., a Switzerland-based manufacturing company, launched an all-in-one protection relay, REX610, which is designed to support safe, smart, and sustainable electrification by providing optimal protection for all basic power distribution applications with only six variants, making it easy to order, set up, use, and service. REX610 facilitates communication and interoperability among substation automation devices and various smart services, including those available on the ABB Ability platform. It provides a plug-and-play solution with installed hardware modules that unlock all available functionality, allowing users to adapt to changing protection, communication, and network requirements.

Mutares Strengthens Engineering & Technology Portfolio With Efacec Acquisition

In November 2023, Mutares SE & Co. KGaA, a Germany-based investment company, acquired Efacec for an undisclosed amount. Through this acquisition, Efacec will bolster Mutares' Engineering & Technology division, marking its third acquisition and second platform investment in the Iberian region. Efacec is a Portugal-based infrastructure engineering company specializing in electricity distribution solutions such as feeder automation. North America was the largest region in the feeder automation market in 2023. The regions covered in the feeder automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the feeder automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The feeder automation market consists of revenues earned by entities by installation, maintenance, software and licensing fees. The market value includes the value of related goods sold by the service provider or included within the service offering. The feeder automation market also includes sales of smart grid components, switches, and controllers, communication devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The feeder automation market research report is one of a series of new reports from The Business Research Company that provides feeder automation market statistics, including feeder automation industry global market size, regional shares, competitors with a feeder automation market share, detailed feeder automation market segments, market trends and opportunities, and any further data you may need to thrive in the feeder automation industry. This feeder automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Water Management Systems Market Definition And Segments

Water management systems refer to the infrastructure, technologies, and practices implemented to monitor, control, and optimize water resource usage, distribution, and treatment. They are used to monitor water usage, control distribution networks, optimize resource allocation, treat water for various purposes, and detect leaks within the infrastructure. The main offerings in water management systems are hardware, software, and services. Hardware in the water management systems market refers to physical equipment such as sensors, meters, pumps, valves, and controllers used to monitor, control, and manage water resources. The various applications include water management, leak detection, water quality and quantity monitoring, and other applications used by various end users such as residential, industrial, and commercial. The water management systems market covered in this report is segmented – 1) By Offering: Hardware, Software, Services 2) By Application: Water Management, Leak Detection, Water Quality And Quantity Monitoring, Other Applications 3) By End User: Residential, Industrial, Commercial The water management systems market size has grown rapidly in recent years. It will grow from $13.43 billion in 2023 to $15.21 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to growing awareness about water scarcity, industrialization and expansion of manufacturing sectors, concerns over water pollution and contamination, shift towards decentralized water management systems, and climate change impacts such as droughts and floods. The water management systems market size is expected to see rapid growth in the next few years. It will grow to $25.19 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to continued urbanization and industrialization, adoption of smart water management technologies, IoT solutions for improved efficiency, rising investments in water recycling, and expansion of agriculture and irrigation activities. Major trends in the forecast period include decentralized water treatment, sustainable infrastructure development, integrated water resource management, circular economy initiatives, and climate resilience strategies.

Impact Of Growing Industrialization On The Water Management Systems Market

Growing industrialization is expected to propel the growth of the water management systems market going forward. Industrialization refers to the process of transforming an economy from primarily rural and handicraft-based to one dominated by industry, manufacturing, and mechanized production methods. Growing industrialization is due to technological advancements, government initiatives supporting industrial growth, globalization, and increasing demand for manufactured goods. The growing industrialization trend creates a significant opportunity for water management systems providers as industries seek solutions to address water-related challenges, enhance operational efficiency, and achieve sustainable growth in the face of increasing water scarcity and environmental pressures. For instance, in July 2023, according to the Office for National Statistics, a UK-based government department, the total value of UK manufacturers' product sales was £429.8 billion ($518.3 billion) in 2022, an increase of £28.4 billion ($34.2 billion) (7%) from £401.5 billion ($484.1 billion) in 2021. Therefore, growing industrialization is driving the growth of the water management systems market. Major companies operating in the water management systems market are Siemens Water Technologies LLC, General Electric Company, International Business Machines Corporation, Veolia Environnment S.A., Asea Brown Boveri Ltd., Schlumberger Limited, Emerson Electric Co., Xylem Inc., Aker Solutions ASA, Pentair plc, Tetra Tech Inc., Kurita Water Industries Ltd., Horiba Ltd., Evoqua Water Technologies Inc., Landis+Gyr, Northumbrian Water Group Limited, Aclara Technologies, ACWA Power International, Aqualia Infraestructuras S.A., Kamstrup, Schneider Electric SE, Aquatech International LLC, CETCO, Nijhuis Industries B.V., Alderley plc, Eco Tec Inc.

WINT Water Intelligence Unveils AI-Powered WINT3 Platform For Advanced Leak Detection And Mitigation

Major companies operating in the water management systems market are focusing on developing innovative solutions, such as next-generation water management solutions, to strengthen their position in the market. A next-generation water management solution typically refers to an advanced system or approach that leverages technology, data analytics, and innovation to improve water resource management's efficiency, sustainability, and resilience. For instance, in March 2023, WINT Water Intelligence, a US-based provider of AI-based water management technologies, launched its new WINT3 platform to enhance its water management capabilities. The platform uses artificial intelligence to detect and stop leaks at the source, reducing water waste and damage to buildings and construction sites. The system includes automated leak mitigation with real-time detection and auto shutoff, unparalleled anomaly detection and analytics powered by advanced AI algorithms, and enterprise-grade management for operation in large and mid-sized facilities.

BW Water Acquires Safbon Water Technology To Bolster Global Presence

In October 2023, BW Water Pte. Ltd., a Singapore-based provider of industrial water and wastewater systems, acquired SafBon Water Technology Inc. for an undisclosed amount. With the acquisition, BW Water aims to expand its global presence, increase its footprint for industrial and municipal solution sales in the US, and diversify into the desalination market. SafBon Water Technology Inc. is a US-based company that provides comprehensive solutions for cutting-edge wastewater and water treatment systems. North America was the largest region in the market in water management systems 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the water management systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The water management systems market consists of revenues earned by entities providing services such as water treatment, purification, distribution, water audits and assessments, and water metering and monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The water management systems market also includes sales of water treatment equipment, pumps and pumping systems, valves and flow control devices, rainwater harvesting systems, and monitoring and control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The water management systems market research report is one of a series of new reports from The Business Research Company that provides water management systems market statistics, including the water management systems industry global market size, regional shares, competitors with a water management systems market share, detailed water management systems market segments, market trends and opportunities, and any further data you may need to thrive in the water management systems industry. This water management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Generative AI In Energy Market Definition And Segments

Generative AI in energy refers to the use of artificial intelligence techniques such as generative adversarial networks (GANs), to create synthetic data or models that simulate energy-related phenomena. These AI systems can aid in optimizing energy production, forecasting demand, enhancing grid stability, and developing efficient energy management strategies, thus contributing to advancements in the energy sector's sustainability and reliability. The main components of generative AI in energy are solutions and services. Generative AI in energy solutions refers to the application of artificial intelligence techniques, specifically generative models, to address various challenges and optimize operations within the energy sector. It is used in various applications such as demand forecasting, renewable energy output forecasting, grid management and optimization, energy trading and pricing, customer offerings, energy storage optimization, and others, and end users include energy transmission, energy generation, energy distribution, utilities, and others. The generative AI in energy market covered in this report is segmented – 1) By Component: Solutions, Services 2) By Application: Demand Forecasting, Renewable Energy Output Forecasting, Grid Management And Optimization, Energy Trading And Pricing, Customer Offerings, Energy Storage Optimization, Other Applications 3) By End User: Energy Transmission, Energy Generation, Energy Distribution, Utilities, Other End Users The generative AI in energy market size has grown exponentially in recent years. It will grow from $0.75 billion in 2023 to $0.95 billion in 2024 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to the rise of renewable energy sources, demand forecasting, increasing energy storage systems, demand response optimization, and increasing risk management and resilience. The generative AI in energy market size is expected to see exponential growth in the next few years. It will grow to $2.43 billion in 2028 at a compound annual growth rate (CAGR) of 26.5%. The growth in the forecast period can be attributed to increasing accuracy, demand for improved electricity distribution, increasing focus on customer engagement, increasing adoption of solar and wind energy, and rising asset management. Major trends in the forecast period include real-time forecasting, dynamic adaptation and optimization, enhanced predictive analytics, integration of advanced data sources, predictive maintenance and asset management, and smart grid management.

Increasing Solar Electricity Generation Fuels Growth In Generative AI In Energy

The increasing solar electricity generation is expected to propel the growth of generative AI in energy market going forward. Solar electricity generation converts sunlight into electricity using photovoltaic (PV) panels or concentrated solar power (CSP) systems. The increasing adoption of solar electricity is driven by the declining costs of solar technology and growing awareness of its environmental benefits, including reduced carbon emissions compared to fossil fuels. The integration of solar electricity generation with generative AI technologies offers significant opportunities to enhance the efficiency, reliability, and sustainability of energy systems for the transition towards a cleaner and more resilient energy future. For instance, in August 2023, according to the Energy Information Administration, a US-based government agency, in 2022, the United States saw the addition of 10.9 gigawatts (GW) of new utility-scale solar capacity, marking the second-largest increase in a single year, trailing only the record-setting 13.5 GW added in 2021. Additionally, the country added a record-breaking 6.4 GW of new small-scale solar capacity in 2022, representing a 17% increase compared to the 5.5 GW added in 2021. Therefore, increasing solar electricity generation is driving generative AI in energy market. Major companies operating in the generative AI in energy market report are Google LLC; Microsoft Corporation; Engie SA; Enel Green Power S.p.A.; Huawei Technologies Co. Ltd; Amazon Web Services Inc; Siemens AG; General Electric Company; Intel Corporation; International Business Machines Corporation; Deloitte Touche Tohmatsu Limited; Cisco Systems Inc; Schneider Electric SE; Honeywell International Inc.; Flex Ltd; ABB Ltd; Duke Energy Corporation; Nvidia Corporation; Atos SE; Zen Robotics Ltd; Freshworks Inc.; C3 AI Inc; Databricks Inc; AppOrchid Inc; Verdigris Technologies; Ecube Labs Co. Ltd; Bidgely Inc

Generative AI For Real-Time Asset Performance Management In The Energy Sector

Major companies operating in generative AI in the energy market are focused on developing innovative products such as real-time asset performance management to optimize energy production, distribution, and consumption processes. Real-time asset performance management refers to monitoring, analyzing, and optimizing the performance of assets such as machinery, equipment, or infrastructure, in real-time or near real-time. For instance, in April 2024, Databricks Inc., a US-based global data, analytics, and artificial intelligence company, launched the data intelligence platform for energy. This unified platform brings the power of AI to data and people in the energy sector. The platform addresses critical industry challenges through real-time asset performance management, renewable energy forecasting, and grid optimization, empowering organizations to optimize energy infrastructure and mitigate market volatility. The Databricks data intelligence platform is built on a lakehouse architecture to provide an open, unified foundation for all data and governance. It is powered by a data intelligence engine that understands the uniqueness of data.

Snowflake Inc. Expands Machine Learning Capabilities With Myst AI Inc. Acquisition

In January 2023, Snowflake Inc., a US-based cloud computing-based data cloud company, acquired Myst AI Inc. for an undisclosed amount. The acquisition is part of Snowflake's strategy to build machine learning extensibility into its data cloud and enhance its time series forecasting capabilities. Myst AI Inc. is a US-based provider of generative AI in energy. North America was the largest region in the generative AI in energy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative AI in energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the generative AI in energy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The generative AI in energy market consists of revenues earned by entities by providing services such as optimizing energy and utility grid management and performance, production capacity, demand patterns, streamlining operations and maintenance, predictive maintenance, energy trading and market analysis, and carbon emissions reduction. The market value includes the value of related goods sold by the service provider or included within the service offering. The generative AI in energy market also includes sales of Internet of Things (IoT) devices, sensors, smart meters, weather stations, voltage sensors, data acquisition systems, energy management systems, edge computing devices, and energy storage systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The generative AI in energy market research report is one of a series of new reports from The Business Research Company that provides generative AI in energy market statistics, including generative AI in energy industry global market size, regional shares, competitors with a generative AI in energy market share, detailed generative AI in energy market segments, market trends and opportunities, and any further data you may need to thrive in the generative AI in energy industry. This generative AI in energy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Advanced Metering Infrastructure Market Definition And Segments

Advanced metering infrastructure (AMI) refers to a system that integrates smart meters, communication networks, and data management systems to enable two-way communication between utilities and customers' meters. This infrastructure allows for remote monitoring and management of energy usage, providing utilities with real-time data on energy consumption, outage detection, and load management. The main types of advanced metering infrastructure are solutions and services. An advanced metering infrastructure (AMI) solution refers to a comprehensive system that integrates advanced metering devices, communication networks, and data management systems to enable two-way communication. It is used in various types of meters, such as water meters, electricity meters, gas meters, and heat meters, by connecting wired and wirelessly. It is used by several end-users, including residential, commercial, and industrial end-users. The advanced metering infrastructure market covered in this report is segmented – 1) By Type: Solution, Services 2) By Meter Type: Water Meter, Electricity Meter, Gas Meter, Heat Meter 3) By Connectivity: Wired, Wireless 4) By End-User: Residential, Commercial, Industrial The advanced metering infrastructure market size has grown rapidly in recent years. It will grow from $16.37 billion in 2023 to $19.07 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to rapid urbanization, increasing energy demand, regulatory mandates for energy efficiency, use in emissions reduction, enhanced operational efficiency for utility companies. The advanced metering infrastructure market size is expected to see rapid growth in the next few years. It will grow to $35.43 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to rising demand for smart electric meters, increasing demand for power, changing regulations by governments, reduction of energy losses, real-time energy usage insights for consumers. Major trends in the forecast period include deployment of end-to-end advanced metering infrastructure solutions, shift towards renewable energy sources, transition from AMR (Automated meter reading) to AMI (advanced metering infrastructure) to streamline operations, integration of smart grid technologies, adoption of prepayment solutions.

Role Of Advanced Metering Infrastructure In Meeting Rising Power Demand In Urbanizing Nations

Increasing demand for power in urbanizing nations is expected to propel the growth of the advanced metering infrastructure market going forward. The demand for power in urbanizing nations refers to the increasing need for energy resources in countries that are experiencing rapid urbanization as more people move from rural areas to cities. The demand for power in urbanizing nations is driven by factors such as urbanization, industrialization, infrastructure development, and government initiatives. Advanced metering infrastructure plays a crucial role in managing the increasing demand for power in urbanizing nations by promoting energy efficiency, reducing peak demand, and enhancing the overall reliability and sustainability of the electricity grid. AMI enables electric utility providers to acquire precise information on energy usage, automate meter readings, and collect more data by providing insights into energy consumption trends. For instance, in January 2024, according to Exxon Mobil Corporation, a US-based oil and gas corporation, transportation-related energy demand is expected to grow by more than 30% from 2021 to 2050. Furthermore, in 2022, according to a report by the International Energy Agency (IEA), a France-based intergovernmental organization, world energy investment is set to rise over 8% in 2022 against 2021 to reach a total of $2.4 trillion. Therefore, the increasing demand for power in urbanizing nations is driving the growth of the advanced metering infrastructure market. Major companies operating in the advanced metering infrastructure market are Hitachi Energy Ltd., Siemens AG, General Electric Company, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Alstom SA, Delta Electronics Inc., Renesas Electronics Corporation, Wabtec Corporation, Diehl Stiftung & Co. KG, Sagemcom SAS, Tietoevry Corporation, Itron Inc., Landis+Gyr AG, Holley Technology Ltd., CRRC Corporation Limited, Aclara Technologies LLC, Kamstrup A/S, Genus Power Infrastructures Ltd., ZENNER International GmbH & Co. KG, Sensus

Next Generation Cellular Module (NXCM) Revolutionizing Advanced Metering Infrastructure (AMI)

Major companies operating in the advanced metering infrastructure market are developing innovative products leveraging advanced features, such as secure data encryption and remote management capabilities, to gain a competitive edge in the market. Secure data encryption and remote management capabilities are essential features of advanced metering infrastructure systems, providing protection against cyber threats, ensuring regulatory compliance, and enabling efficient remote operations and maintenance. For instance, in May 2023, Honeywell International Inc., a US-based conglomerate corporation, launched its Next Generation Cellular Module (NXCM), enabling Advanced Metering Infrastructure (AMI), a ground-breaking technology that converts traditional gas and water meters into smart meters without requiring extra infrastructure. It allows meters to be wirelessly connected through existing public cellular networks, enhancing monitoring, safety, and analytics capabilities for utility providers and their customers. The module is designed to modernize meter networks while minimizing costs, creating a smarter network without replacing the existing network. The NXCM is a flexible and scalable solution for utility providers of all sizes, with secure data transmission using advanced authentication techniques and AES-128 encryption to ensure utilities meet metering and data management regulatory standards.

Gridspertise S.R.L. Expands Reach And Technology Portfolio With Acquisition Of Aidon Oy

In November 2023, Gridspertise S.R.L., an Italy-based electricity infrastructure company, acquired Aidon Oy for an undisclosed amount. This acquisition allows Gridspertise to integrate Aidon's strengths in the region's markets, enhancing its technology portfolio and positioning it to penetrate the Nordic markets effectively. Aidon Oy is a Finland-based provider of advanced metering infrastructure (AMI), specializing in smart grid and smart metering solutions and services. Asia-Pacific was the largest region in the advanced metering infrastructure market in 2023. It is expected to be the fastest growing region in the market. The regions covered in the advanced metering infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the advanced metering infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The advanced metering infrastructure market consists of revenues earned by entities by providing services such as software solutions, value-added services, consulting, advisory, and project management services. The market value includes the value of related goods sold by the service provider or included within the service offering. The advanced metering infrastructure market also includes sales of smart meters, communication modules, and data concentrators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The advanced metering infrastructure market research report is one of a series of new reports from The Business Research Company that provides advanced metering infrastructure market statistics, including advanced metering infrastructure industry global market size, regional shares, competitors with an advanced metering infrastructure market share, detailed advanced metering infrastructure market segments, market trends and opportunities, and any further data you may need to thrive in the advanced metering infrastructure industry. This advanced metering infrastructure market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automatic Generation Control Market Definition And Segments

Automatic generation control (AGC) refers to a significant control process in power systems that operates continuously to balance generation and load at a minimum cost. It is used to regulate the power output of generators in real time to match the constantly changing demand while ensuring system stability and reliability. The main types of automatic generation control are turbine governor control and load frequency control. Turbine governor control refers to the system or mechanism used to regulate the speed of a turbine, typically in power generation applications. It includes various components, such as hardware, software and services, and is used in various applications. hydropower plant, thermal power plant, nuclear power plant, solar power plant and wind power plant. The automatic generation control market covered in this report is segmented – 1) By Type: Turbine Governor Control, Load Frequency Control 2) By Component: Hardware, Software, Services 3) By Application: Hydro Power Plant, Thermal Power Plant, Nuclear Power Plant, Solar Power Plant, Wind Power Plant The automatic generation control market size has grown strongly in recent years. It will grow from $10.87 billion in 2023 to $12.01 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to load fluctuations, renewable energy integration, interconnection of grids, demand response programs, generation outages. The automatic generation control market size is expected to see rapid growth in the next few years. It will grow to $16.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increased penetration of distributed energy resources, electric vehicles (EVs) integration, increasing integration of energy markets, and cybersecurity concerns. Major trends in the forecast period include deployment of edge computing, integration of blockchain technology, expansion of virtual power plants (VPPs), emergence of grid-interactive buildings, adoption of multi-agent systems (MAS).

Rising Electricity Demand Fuels Growth of Automatic Generation Control Market

The rising electricity demand is expected to propel the growth of the automatic generation control markets going forward. Electricity refers to the physical phenomena associated with the presence and flow of electric charge. It is a form of energy resulting from the movement of electrons through conductive materials such as wires or circuits. The electricity demand is rising due to population growth, urbanization, economic development, and technological advancements. Automatic generation control (AGC) is used in electricity systems to optimize the operation of power systems, minimize energy imbalances, and ensure a reliable supply of electricity to consumers. For instance, in 2022, according to the data published by Our World in Data, a UK-based scientific online publication organization, US electricity demand increased from 4,192.9 TWh (terawatt-hour) in 2021 to 4,338.1 TWh (terawatt-hour) in 2022. Therefore, rising electricity demand is driving the growth of the automatic generation control market. Major companies operating in the automatic generation control market are Hitachi Ltd., Siemens AG, GE-Alstom Grid LLC, General Electric Co., Mitsubishi Electric Corp., Schneider Electric SE, Honeywell International Inc., ASEA Brown Boveri Ltd., Larsen and Toubro Ltd., Emerson Electric Co., ANDRITZ AG, Rockwell Automation Inc., Wartsila Corp., ENERCON GmbH, Regal-Beloit Corporation, Hubbell Inc., Voith Group, Yokogawa Electric Corp., Woodward Inc., OSI Systems Inc., Schweitzer Engineering Laboratories Inc., DEIF A/S, Maverick Technologies LLC, ETAP Operation Technology Inc., Suzlon Energy Ltd.

Honeywell Launches Advanced Control For Buildings Platform

Major companies operating in the automatic generation control market are focusing on developing innovative solutions, such as advanced control for buildings, to gain a competitive edge in the market. The advanced control system for buildings is a sophisticated and intelligent system that regulates various aspects of building operations, such as heating, ventilation, air conditioning (HVAC), lighting, security, and energy management. For instance, in January 2024, Honeywell International Inc., a US-based technology company, launched Advanced Control for Buildings. This groundbreaking platform integrates advanced cybersecurity, faster network speeds, and innovative technology to revolutionize building management. This platform is designed to automate building operations, enhance energy efficiency, and address building managers' challenges in optimizing safety, operational efficiency, and energy efficiency. This feature aims to transform building management and improve energy efficiency. Additionally, it integrates automation and machine learning to streamline operations, featuring built-in cybersecurity and technology that enables faster network speeds using existing wiring.

Emerson Electric Co. Bolsters Wind Power Portfolio With Acquisition Of Mita-Teknik A/S

In December 2021, Emerson Electric Co., a US-based manufacturing company, acquired Mita-Teknik A/S for an undisclosed amount. With this acquisition, Emerson aims to provide capabilities in wind power generation and automation solutions, specifically to optimize wind turbine operation and wind farm output for increased energy production and efficiency. Mita-Teknik A/S is a Denmark-based company that develops automatic generation control (AGC) solutions for wind power generation. Asia-Pacific was the largest region in the automatic generation control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic generation control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automatic generation control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The automatic generation control market consist revenues earned by entities by providing services such as frequency regulation, load following, generation dispatch optimization, and interconnection control. The market value includes the value of related goods sold by the service provider or included within the service offering. The automatic generation control market also includes of sales of AGC software platforms, control system integration, forecasting and analytics tools, and real-time monitoring devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automatic generation control market research report is one of a series of new reports from The Business Research Company that provides automatic generation control market statistics, including automatic generation control industry global market size, regional shares, competitors with a automatic generation control market share, detailed automatic generation control market segments, market trends and opportunities, and any further data you may need to thrive in the automatic generation control industry. This automatic generation control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Liquefied Natural Gas (LNG) Infrastructure Market Definition And Segments

Liquefied natural gas (LNG) infrastructure refers to the facilities and systems involved in the production, storage, transportation, and regasification of LNG. This infrastructure is used for several purposes, primarily revolving around the transportation, storage, and distribution of natural gas in its liquefied form. The main types of liquefied natural gas (LNG) infrastructure are production infrastructure, transportation infrastructure, regasification infrastructure, distribution infrastructure, storage facilities, and others. Production infrastructure refers to the facilities and processes involved in extracting, processing, and liquefying natural gas for transportation and storage. It includes various production facilities, such as liquefaction plants, natural gas processing facilities, LNG storage tanks, and other production infrastructure, and is distributed through various pipeline networks and virtual pipeline solutions, as well end users also include heavy-duty vehicles, electric power generation, and marine transport. The liquefied natural gas (LNG) infrastructure market covered in this report is segmented – 1) By Type: Production Infrastructure, Transportation Infrastructure, Regasification Infrastructure, Distribution Infrastructure, Storage Facilities, Other Types 2) By Production: Liquefaction Plants, Natural Gas Processing Facilities, LNG Storage Tanks, Others 3) By Distribution: Pipeline Networks, Virtual Pipeline Solutions 4) By End User Industry: Heavy-Duty Vehicles, Electric Power Generation, Marine Transport The liquefied natural gas (LNG) infrastructure market size has grown rapidly in recent years. It will grow from $56.57 billion in 2023 to $64.85 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to growing natural gas demand, expanding global trade, technological advancements, regulatory support, geopolitical factors. The liquefied natural gas (LNG) infrastructure market size is expected to see rapid growth in the next few years. It will grow to $112.06 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to increased LNG bunkering for maritime transportation, expansion of small-scale LNG applications, rising demand for LNG as a fuel for heavy-duty vehicles, accelerated development of floating LNG (FLNG) facilities, growth in LNG-fueled power generation plants. Major trends in the forecast period include integration of renewable energy sources in LNG facilities, adoption of digital technologies for enhanced efficiency and safety, emergence of new LNG import and export markets, increasing investment in LNG liquefaction capacity, development of innovative liquefaction and regasification technologies.

Driving Forces Behind the Expansion Of LNG Infrastructure Meeting Surging Demand for Electricity Generation

Rising demand for electricity generation is expected to propel the growth of the liquefied natural gas (LNG) infrastructure market going forward. Electricity generation is the process of converting various forms of energy into electrical energy. The rising demand for electricity generation is due to the proliferation of electronic devices and appliances and, an increasing shift towards electric heating systems and air conditioning, necessitating more electricity generation. Liquefied natural gas (LNG) infrastructure provides flexibility in natural gas trading and pricing, allowing buyers to respond to changing market conditions and take advantage of price disparities. This flexibility can help stimulate demand by making natural gas more attractive compared to other energy sources. For instance, in July 2021, according to the International Energy Agency, a France-based government organization, electricity generation increased by 2.5% in 2022, which would take them to an all-time high. Additionally, coal-fired electricity generation will increase by 1% in 2021 to 2% in 2022. Therefore, the rising demand for electricity generation drives the liquefied natural gas(LNG) infrastructure market. Major companies operating in the liquefied natural gas (LNG) infrastructure market are Chevron Corporation, China Harbour Engineering Company, Petronas Ltd., Vinci SA, Cheniere Energy Inc., Linde plc, Samsung C&T Corporation, Mitsubishi Heavy Industries (MHI), Bechtel Corporation, INPEX Corporation, Woodside, Novatek, Gazprom International Limited, Rosneft, Fluor Corporation, Anadarko Petroleum Corporation, Saipem S.p.A., John Wood Group PLC, Technip Energies, TechnipFMC, KBR Inc., Black & Veatch, Chiyoda Corporation, JGC Holdings Corporation, Petrofac Limited, Royal HaskoningDHV, Worley India Pvt. Ltd., National Iranian Oil Company, McDermott International, SENER

Focus on LNG Projects Driving Industry Growth

Major companies operating in the liquefied natural gas infrastructure market are focused on developing and investing in new LNG projects such as port arthur LNG project that support the growth and development of the natural gas industry. Port Arthur LNG project represents a major infrastructure development aimed at expanding LNG operations, creating jobs, boosting economic growth, and contributing to American energy security. For instance, in March 2023, Sempra, a US-based energy infrastructure company, launched the port arthur LNG project, a next-generation liquefaction facility that is expected to provide abundant, clean, reliable, and affordable U.S. natural gas to world markets. The proposed project includes two natural gas liquefaction trains and LNG storage tanks, as well as associated facilities capable of producing up to approximately 13.5 Mtpa of LNG, enabling the export of approximately 11 Mtpa of LNG on a long-term basis. Additionally, design changes to reduce the proposed LNG projects' overall emissions, including electric drives, renewable power sourcing, and other technological solutions.

Nebula Energy LLC Acquires Majority Stake in AG&P LNG

In January 2024, Nebula Energy LLC, a US-based investment and asset management company, acquired a majority stake in AG&P LNG for $300 million. Through this acquisition, Nebula Energy aims to accelerate the deployment of the LNG infrastructure ecosystem for downstream markets, bridging the gap between infrastructure/logistics and demand with advanced proprietary LNG technology and the ability to own and operate LNG assets in fast-growing markets. AG&P LNG is a United Arab Emirates-based liquefied natural gas (LNG) infrastructure company that develops and operates LNG terminals and downstream infrastructure and facilitates. Asia-Pacific was the largest region in the liquefied natural gas (LNG) infrastructure market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquefied natural gas (LNG) infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the liquefied natural gas (LNG) infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The liquefied natural gas (LNG) infrastructure market consist of revenue earned by providing services such as LNG production facilities, transportation, storage facilities, regulation facilities, distribution pipelines, and LNG trucking and bunkering. The market value includes the value of related goods sold by the service provider or included within the service offering. The liquefied natural gas (LNG) infrastructure market also includes sales of storage tanks, LNG carriers, receiving terminals, monitoring systems, and safety systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The liquefied natural gas (LNG) infrastructure market research report is one of a series of new reports from The Business Research Company that provides liquefied natural gas (LNG) infrastructure market statistics, including liquefied natural gas (LNG) infrastructure industry global market size, regional shares, competitors with a liquefied natural gas (LNG) infrastructure market share, detailed liquefied natural gas (LNG) infrastructure market segments, market trends and opportunities, and any further data you may need to thrive in the liquefied natural gas (LNG) infrastructure industry. This liquefied natural gas (LNG) infrastructure market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.