Energy and Power Insights

Rechargeable lithium-ion batteries power electric vehicles, acting as the central energy storage for battery electric vehicles (BEVs) and hybrids. They feature thousands of cells organized into modules within a thermally regulated enclosure, providing superior energy density and power-to-weight efficiency. Electric Vehicle Battery Market Opportunities, and Forecast The  Electric Vehicle Battery Market  is witnessing robust expansion, driven by rapid electrification of transportation, stringent emission regulations, and growing consumer preference for sustainable mobility solutions. Between 2021 and 2024, the market demonstrated strong momentum as governments and automakers increased investments in electric mobility infrastructure and battery manufacturing capacity. Over the forecast period (2025–2031), the market is expected to grow significantly, supported by continuous advancements in battery technologies, declining battery costs, and increasing adoption of electric and hybr...

Wind energy captures the kinetic force of moving air using turbines equipped with spinning blades. These blades rotate to power generators, creating electricity as a sustainable, emission-free substitute for fossil fuels. Wind Energy Market Size and Share The  global wind energy market  is experiencing strong momentum, driven by rising electricity demand, decarbonization targets, and supportive government policies worldwide. The market size is projected to grow from  US$ 95.1 billion in 2023  to  US$ 172.7 billion by 2031 , registering a  CAGR of 7.7%  during the forecast period. Wind power continues to gain acceptance as one of the most mature and cost-competitive renewable energy sources, making it a key pillar of the global energy transition. Rising Energy Demand and Technology Advancements Increasing population, urbanization, and industrial expansion are significantly boosting energy consumption across both developed and emerging economies. As...

Silicon thin-film solar cells offer a lightweight, economical photovoltaic solution by depositing ultra-thin amorphous or microcrystalline silicon layers merely 0.5 µm thick onto flexible substrates such as glass, metal, or plastic. This design achieves around 90% absorption of usable solar light, a stark contrast to the 200 µm wafers required in conventional crystalline silicon cells. Silicon Thin-Film Solar Cell Market Overview The  global Silicon Thin-Film Solar Cell Market  is poised for steady expansion during the forecast period 2025–2031, supported by the accelerating shift toward renewable energy, supportive government policies, and continuous technological advancements in photovoltaic manufacturing. Thin-film silicon solar cells offer advantages such as lightweight structure, flexibility, improved performance in low-light conditions, and lower material usage compared to conventional crystalline silicon modules. These benefits make them increasingly attractive for a wi...

Biogas upgrading purifies raw biogas mainly methane (CH₄, 50-70%) and carbon dioxide (CO₂, 30-50%), plus trace impurities like H₂S, water vapor, and siloxanes into high-purity biomethane (>95-99% CH₄). This makes it ideal for natural gas grid injection, vehicle fuel, or power generation. Biogas Upgrading Market Analysis and Forecast The  global biogas upgrading market  is witnessing strong momentum as governments, utilities, and private enterprises accelerate the shift toward renewable and low-carbon energy systems. Biogas upgrading refers to the purification of raw biogas into biomethane by removing impurities such as carbon dioxide, hydrogen sulfide, and moisture. Biomethane can be injected into natural gas grids, used as vehicle fuel, or utilized for industrial and power generation applications. This versatility makes biogas upgrading a key enabler of the circular economy and sustainable energy transition. Between 2021 and 2023, the market experienced steady growth, supp...

A gas turbine is a rotary internal combustion engine that converts the chemical energy of fuel, typically natural gas or kerosene, into mechanical power through a continuous process of air compression, combustion, and expansion.  Gas Turbine Market Insights & Forecast According to recent market estimates, the  Gas Turbine Market Size  is projected to grow from  US$ 23,190.29 million in 2024  to  US$ 32,005.19 million by 2031 , registering a  CAGR of 4.84%  during the forecast period. The market plays a pivotal role in the evolving energy and industrial ecosystem, driven by rising electricity demand, the shift toward cleaner energy sources, and continuous technological innovation. Gas turbines are widely used across power generation, oil & gas operations, and industrial facilities due to their high efficiency, fast ramp-up capability, and comparatively lower emissions than coal-based power systems. Decarbonization and Energy Transition...

A Gas Insulated Substation (GIS) is a compact, high-voltage electrical substation where key components like circuit breakers, disconnectors, busbars, and transformers are enclosed in sealed metal housings filled with sulfur hexafluoride (SF6) gas, which serves as an excellent insulator and arc-quenching medium due to its superior dielectric strength requiring only centimeters of space compared to meters in traditional air-insulated substations (AIS).  Gas Insulated Substation Market Size and Share The  gas-insulated substation market size  is expected to reach  US$58.32 billion by 2034  from  US$26.43 billion in 2025 . The market is anticipated to register a  CAGR of 14.10%  during 2026–2034. The global gas-insulated substation (GIS) market is witnessing strong growth due to rapid urbanization, rising electricity demand, and large-scale investments in power infrastructure. GIS technology encloses high-voltage components within a sealed, gas-f...

Carbon Capture and Sequestration (CCS), also known as Carbon Capture, Utilization, and Storage (CCUS), is a critical climate mitigation technology that captures carbon dioxide (CO2) emissions from large point sources like power plants, steel mills, and cement factories before they enter the atmosphere.  Carbon Capture and Sequestration Market Forecast The  Carbon Capture and Sequestration Market  is gaining strong momentum as industries and governments intensify efforts to decarbonize operations and meet net-zero commitments. CCS involves capturing carbon dioxide emissions from industrial and power-generation sources, transporting the captured CO₂, and securely storing it in geological formations or utilizing it for enhanced oil recovery (EOR) and other industrial applications. The technology is increasingly recognized as a critical bridge solution for hard-to-abate sectors such as cement, steel, chemicals, and power generation. Growth Drivers and Policy Support...

Energy Management Systems (EMS) are integrated software and hardware solutions designed to monitor, analyze, control, and optimize energy consumption across buildings, facilities, campuses, or industrial sites, enabling organizations to reduce costs, enhance efficiency, and meet sustainability goals. Energy Management Systems Market Size and Share The  Energy Management Systems Market  is projected to grow from  US$ 49.5 billion in 2024  to  US$ 105.2 billion by 2031 , registering a  CAGR of 11.4%  during the  forecast period 2024–2031 . The market is witnessing robust expansion, driven by rising global energy demand, decarbonization goals, and digital transformation across industries. Increasing regulatory pressure on carbon emissions, coupled with corporate sustainability commitments, is accelerating the adoption of advanced energy monitoring and optimization solutions worldwide. Energy management systems integrate hardware, software, ...

Energy Management Systems (EMS) are integrated frameworks combining software, hardware, sensors, and analytical tools to monitor, control, and optimize energy consumption across buildings, facilities, or industrial sites.  Energy Management Systems Market Size And Share The  Energy Management Systems Market  is poised for significant growth, with the market size expected to reach  US$ 105.2 billion by 2031  from  US$ 49.5 billion in 2024 , recording a  CAGR of 11.4%  during the forecast period of 2024–2031. The growth is primarily driven by technological advancements in energy management systems, increasing government initiatives, and rising awareness of sustainability and energy efficiency across industries. Market Overview Energy management systems are integrated solutions designed to monitor, control, and optimize energy consumption across facilities, organizations, and multi-site operations. They consist of hardware, software, and analyti...

Fluid Catalytic Cracking (FCC)  is a critical refining technology used to convert heavy, high-boiling hydrocarbon feedstocks such as gas oils into lighter, high-value products including gasoline, diesel, liquefied petroleum gas (LPG), and light olefins. The process works by breaking long-chain hydrocarbon molecules into shorter ones through contact with a hot, finely powdered catalyst under high temperature and moderate pressure. FCC remains one of the most important secondary conversion processes in modern refineries, enabling higher yields of transportation fuels and petrochemical feedstocks. Fluid Catalytic Cracking Market Size and Trends The  Fluid Catalytic Cracking Market  is projected to experience notable growth through 2031, supported by rising global energy demand, refinery capacity expansions, and increasing consumption of petroleum-derived products. FCC technology has progressively replaced conventional thermal cracking processes due to its...