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Oil and gas industry embraces circular economy to combat plastic pollution, says GlobalData

June 27, 2024 - in News

The circular economy involves recycling, reusing, and repurposing of products to extend their usable lifetime. Among the oil and gas industry’s conventional products, plastic is the most relevant to the circular economy. Increasing demand for circular economy…

Energy harvesting tech transforms IoT and consumer electronics with sustainable power, says GlobalData

June 14, 2024 - in Energy, News

Energy harvesting technologies are set to transform IoT and consumer electronics by providing sustainable, efficient, and innovative power solutions.…

Future business success hinges on sustainability and circular economy practices, says GlobalData

June 4, 2024 - in News

As public demand for climate action and resource conservation grows, businesses must pivot to sustainability to thrive. Embracing circular economy principles,…

Geopolitics and energy transition are the most pressing themes for oil and gas industry in 2023, says GlobalData

April 28, 2023 - in Energy, Oil & Gas

Geopolitics has become a pivotal macroeconomic theme for the oil and gas industry ever since the start of the Ukraine conflict. The fallout of this conflict is also critically impacting the supply chain theme as newer alliances are being forged. Nevertheless,…

Green hydrogen has potential to be a game changer for the power industry, says GlobalData

February 25, 2022 - in Energy, Renewables

Hydrogen’s noteworthy contribution to clean energy transitions makes it a game changer for the power industry, says GlobalData. The leading data and analytics company notes that the power industry can leverage hydrogen’s potential as a cleaner burning…

Middle East renewables surge as energy transition accelerates, says GlobalData’s MEED

August 18, 2021 - in Energy, News, Renewables

Renewable energy project contract awards in 2021 have eclipsed deals for conventional power plant projects in the Middle East as the region’s energy diversification agenda gathers pace, according to GlobalData’s MEED. According to the company’s latest…

Global High Voltage Switchgear Market to Approach $16 Billion by 2021, says GlobalData

June 15, 2017 - in Electric Grid, Energy

The global high voltage (HV) switchgear market is set to rise from $11.6 billion in 2016 to just under $16 billion in 2021, registering a compound annual growth rate (CAGR) of 6.4%, according to research and consulting firm GlobalData. The company’s latest…

Asia-Pacific Region Provides Best Opportunities in Declining Global Gas Turbine Market, Says GlobalData

April 13, 2017 - in Energy, Oil & Gas

The global gas turbine market is set to fall from $8.49 billion in 2016 to around $7.73 billion by 2021, representing a negative compound annual growth rate of 1.87%, according to research and consulting firm GlobalData. The company’s latest report states…

UK will Account for Majority of Crude and Natural Gas Projects in North Sea, with 22 Operations Expected to Commence Operations in the Region by 2025, says GlobalData

November 14, 2016 - in Energy, Oil & Gas

A total of 32 crude and natural gas projects are expected to commence operations in the North Sea region by 2025, with the UK claiming the highest number at 22, followed by Norway and Denmark with nine and one respectively, according to research and consulting…

Steam Generators to See Boom in Asia-Pacific Region as Governments Come Round to Nuclear Power, says GlobalData

November 9, 2016 - in Energy, Renewables

The global steam generators market for nuclear power is set to rise from a cumulative $7.3 billion between 2010 and 2015 to $13.9 billion between 2016 and 2025, with Asia-Pacific (APAC) expected to emerge as the dominant region, accounting for 47.2% of global…