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• With the Biden administration announcing its goal to achieve 50% EV sales by 2030 and deploying 500,000 chargers as part of the American Jobs Plan, it comes as no surprise that forecasts suggest that the U.S. EV market could expand dramatically in the next 10...
• In the last decade African countries have been significantly pushing to increase the electricity generation capacity with a special focus on renewables (solar and wind) and to expand the grid infrastructure.• FACTS in now playing the role of an enabler for region’s...
• While there are a plethora of regulations, policies, and incentives to accelerate the transition to e-mobility, the more imperative question is whether the momentum required to spur on the transition will be maintained.• Utilities are emerging as dominant players in...
• While it is true that many targets and policies supporting the transition away from ICEs are coming out of Europe, the rate of electrification is certainly not homogenous across Europe, with Eastern Europe lagging behind.• An opportunity to accelerate EV adoption in...
• The North American transformer market is dominated by large multinationals that offer an extensive range of products and benefit from the economies of scale.• Over the years, local manufacturers of large power transformers have been unable to meet the domestic...
• The world is in the middle of an energy transition and economies across the globe are looking for ways to curtail their emissions in order to meet their climate goals.• China has set a target of producing 100 metric tons of hydrogen by 2060; Japan has set a target...
Around 90,000 marine vessels carry out over 90% of the global trade through oceans. Ships, like all fossil fuel powered modes of transportation, emit carbon dioxide and, therefore, contribute considerably towards global emissions and climate change. More than 3% of...
• Fuel cell electric vehicles are much more efficient than internal combustion engine vehicles and are powered by hydrogen or methanol in some cases.• Japan has the world’s largest hydrogen refueling network, accounting for more than 154 refueling stations as of last...
• The installed base of distribution transformers in North America is one of the oldest in the world; the market is largely driven by replacements.• In terms of units, the North American distribution transformer market accounts for more than 30% of the installed base...
• The diverse range of authentication processes for EV charging leads to an unharmonized EV ecosystem and is expected to slow down growth in the EV industry. • Manufacturers in the EV market are moving to incorporate the Plug and Charge technology, which they did not...
• Under Vision 2030, the sectors targeted for development include power generation, petrochemicals, tourism, hospitability, and infrastructure; these will be generating demand for power transformers in the upcoming years.• Due to limited local manufacturing capacity,...
• The economy of the Asia Pacific region has grown significantly over the last few decades and currently contributes a significant fraction to the global GDP.• The MV switchgear market of APAC is driven by the deployment of renewables, an increase in electricity...