Energy

Energy is one of the basic needs of households and industrial enterprises. Energy industry accounts for largest share in an economic as well as social development of any country. On the basis of source, energy industry mainly includes coal, oil, natural gas, uranium and nuclear, hydropower, bio-energy, solar, geothermal, wind and marine energy. Energy industry utilizes available resources to generate easy to accessform of energy mainly electricity and fuels. Cater to growing needs of customers coupled with rapid urbanization is increasing energy demand across the world. The past 15 years have seen extraordinary change in the consumption of energy resources. Unexpected high growth in the renewables market, in terms of investment, new capacity and high growth rates in developing countries have changed the landscape for the energy sector.

Rising demand for cleaner energy to reduce environmental impact is shifting attention towards use of non-conventional energy sources over conventional energy sources. 

Opportunities

Coal, Oil and Natural gas industry dominated other energy industries in last few years as they are contributing more than85% in primary energy producers. According to world energy council, crude oil is the world’s leading fuel, accounting for 32.9% of global energy consumption. Crude oil prices recorded the largest percentage decline of 73% since 1986.Natural Gas is the second largest energy source which contributes 22% ofpower generation across the globe. Though coal consumption is reduced due to global climate impact and transition towards clean energy sources, it holds 40-45% share in global electricity generation. Asia-Pacific is the largest coal consumption market due to bulk availability of resources.

Solar industry delivers only 1% in global electricity generation. The price of solar panels decrease by 30% in the international market in 2016. Major installation of solar panel has been done in the Europe, China followed by Africa and Middle East region. Continuous improvement in the conversion efficiency of photovoltaic (PV) cells, concentrated photovoltaic (CPV) may hold the key in enabling rapid increases in solar energy efficiency, which has recently reached up to 46% for solar cells. 0.5 GW global commercial marine energy generation capacity is established. The total theoretical wave energy potential is said to be 32 PWh/y, but it is heterogeneous and geographically distributed, technology costs for marine energy are still very high. Uranium and Nuclear production is increased by 40% in last 15 years due to rising demand of alternative resources. Two-third of global nuclear industry volume is in Asia-Pacific region. Hydropower is the leading renewable source for electricity generation globally, supplying 71% of all renewable electricity. The global hydropower capacity increased by more than 30% in last 15 years. Global wind power generation reached around 7% of total global power generation capacity and total investment in the global wind sector was US$109 billion in 2015.Geothermal global output is estimated to be 75 TWh for heat and 75 TWh for power, but is concentrated on geologic plate boundaries. Bioenergy is the largest renewable energy source with 14% out of 18% renewables in the energy mix and supplies 10% of global energy supply.

Parris agreement to tackle climate changes, rising demand and growth of renewable energy sources over non-renewable energy sources, falling global oil market price, decreased coal consumption due to less energy intensive society, shale gas boom along with implementation of CCS technologies in North America, growing global electrification, rapidly fallingprices for solar and wind power generation are major key drivers in shaping and supply of energy usage in global energy market. 

Energy - Regulatory scenario

  • Parris Agreement on International climate policy
  • The Energy Policy Act (EPA), U.S.A.
  • National Emissions Standards for Hazardous Air Pollutants (NESHAP)
  • Resource Conservation and Recovery Act (RCRA)
  • Federal Energy Regulation Commission (FERC)
  • Commodity Future Trading Commission (CFTC)
  • The Energy Regulatory Commission (ERC) issued the first draft of the “Licensing Rules for Distributed Energy Resources (DER) and Microgrid Systems” (DER Licensing Rules for brevity) as Addendum to the 2014 COC Revised Rules for the Issuance of Certificate of Compliance (COCs) for Generation Companies, Qualified End-users and Entities with Self-Generation Facilities on 07 June 2017

Key challenges in global energy industry

  • Despite some notable progress, the rate of improvements towards cleaner energy is far slower than required to meet emissions targets. Increased commodity and energy price uncertainty, that results in higher risk, and larger investments with long lead times are less appealing.
  • Without diversification and review of business models, national and internal oil and gas companies could struggle over the medium to long term. Incentive-assisted renewable energy companies have created a boom in certain countries and regions. However, as incentives are decreased, some companies might not be viable anymore.
  • Rare earth elements, used in especially renewable energies, create new dependencies in the value chain and could represent possible future barriers to growth.
  • There is a significant need to balance other aspects of the Energy Trilemma such as environmental considerations, including increased resilience and security of supply. This is particularly important for long-term planning in short-term power operations, with the lack and lag of new, expanded, upgraded and smart infrastructure offering the potential to hinder new energy developments.
  • Increased use of natural gas combined with decreased use of coal will see energy-associated carbon dioxide emissions from natural gas surpass those from coal.
  • Renewable energy industries are still struggling to maintain moderate energy cost due to high production and technology cost.

Energy – Key Global Conferences

 Key global players in Energy

Some of the leading key players in global energy market are Duke Energy, U.S., Engie, SA, National Grid PLC, NextEra Energy, Inc., EDF SA, Enel Italy, Dominian Resources, Iberdrola SA, Southern Company, Georgia, Hanergy, China, Endesa SA, ExxonMobil, Royal Dutch Shell, LukOil, Rosneft Oil.

Coherent Market Insights
Wireline Services Market, by Service Type (Slick Line and E- Line), by Well Type (Open Hole and Cased Hole), by Application (Well Intervention, Logging, and Well Completion), and by Geography - Global Industry Insights to 2025

Published Date : Mar 2018

Global Wireline Services Market - Insights Wireline services, also known as electrical cabling technology, is used in the oil and gas industry for reservoir evaluation, pipe recovery activities, and intervent

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Diesel Exhaust Fluid Market, by Storage Solution (Bulk Storage Tanks, Portable Containers, Dispensers and Others), by Vehicle Type (Passenger Cars and Commercial Vehicles), by End-Use (Original Equipment Manufacturers (OEM) and Aftermarket ), and by Geography - Global Trends, and Forecast til 2025

Published Date : Feb 2018

Global Diesel Exhaust Fluid Market– Insights Diesel Exhaust Fluid (DEF), also known as ‘AdBlue’, is an odorless, colorless and non-flammable mixture of urea (32.5%) and de-ionized water (67.

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Global LNG Bunkering Market, by Product Type (Portable Tanks, Ship-to-Ship, Port-to-Ship, Truck-to-Ship), by Vessel Type (Ferries, Offshore Support Vessels, Container Fleet, Others), and by Geography - Trends, and Forecast till 2025

Published Date : Nov 2017

Global LNG Bunkering - Insights Bunkering is the process of transferring fuel to a vessel or a facility in the form of conventional marine fuels or LNG. The density of LNG is around half that of heavy fuel oi

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Global Oilfield Drill Bits Market, by Drill Bit Type (Roller Cone Bits and Fixed Cutter Bits), by Application (Onshore and Offshore), and by Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Nov 2017

Global Oilfield Drill Bit Market - Insights Drill bits are essential tools that are utilized in the oil and gas industry to drill cylindrical boreholes for E&P activities in the production of crude and ga

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Drilling Waste Management Market, by Service Type (Solid Control, Treatment & Disposal, Containment & Handling, and Others), by Application (Onshore and Offshore), and by Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Oct 2017

Drilling Waste Management - Insights Drilling waste management is a constituent of successful operation activities related to E&P operations, which is essential for effective drilling and production opera

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Global Liquefied Natural Gas Market, by Application (Power Generation, Transportation, Mining & Industrial, and Others), and by Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Oct 2017

Liquefied Natural Gas – Insights Liquefied natural gas is an odorless and colorless liquid, which is formed by cooling natural gas to -1620C. The liquefaction process shrinks the volume of ga

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Global Offshore Wind Market, by Location (Deep-water (depth >60 m), Transitional Water (depth 30-60 m), and Shallow water (depth < 30 m)), by Component (Substructure, Turbine, Electrical Infrastructure, and Others), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Oct 2017

Global Offshore Wind Market – Insights Offshore wind provides the electrical energy on the continental shelf to harvest the wind energy. Wind speed is generally stronger and steady at the offshores than

Coherent Market Insights
Global Power Rental Market, by Fuel Type (Diesel, Gas, and Others), by Applications (Peak Shaving, Base Load/ Continuous, and Stand by), by End-Use (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, and Shipping), and by Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Oct 2017

Global Power Rental Market Insights Power rental plants are required for temporary supply of power for industries due to the supply-demand gap in electricity. To avoid financial losses, industries requires a

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Global Advanced Energy Storage Market, By Application (Transportation, Grid Storage), Technology (Electro Chemical, Thermal Storage, Mechanical Energy Storage, Other Storage Technologies), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Published Date : Sep 2017

Advanced Energy Storage Systems– Insights Advanced Energy Storage (AES) systems involve the capture of the required energy which is produced at one time and can be used later. Energy is stored via a var

Coherent Market Insights
Offshore Wind Energy Market, by Component (Turbine, Substructure, and Others), by Location (Shallow Water, Transitional Water, and Deep Water), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Offshore wind energy is the technology used to generate electricity from the wind using wind turbines constructed near the coastline of oceans and lakes. Offshore wind energy is the technology used to generate electricity from the wind using wind turbines constructed

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Distributed Generation Market, By Technology (Wind, Solar Photovoltaic, Microturbines, Gas Turbines, Fuel Cells, and Reciprocating Engines), By Application (On-grid, Off-grid), By End User (Industrial, Commercial, and Residential), By Geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Distributed generation is power generation on-site at the point of consumption. Distributed generation benefits the large loads with the reserved additional capacity, provides the sufficient power for the entire loads and sufficient redundancy for the maintenance. &nb

Coherent Market Insights
Well Intervention Market, by Service (Wellhead and Christmas Tree Maintenance, Logging and Bottomhole Survey, Coiled Tubing and Others), by Application (Onshore and Offshore), by Category (Light Intervention and Heavy Intervention) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Well intervention refers to any operation that is carried out during the productive life of an oil and gas well. Depletion in oil reserves backed by increasing demand for energy is leading to improved production activities to extend the life of the well. Reduction in

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Well Completion Equipment and Services Market, by Equipment (Packers, Perforating/Fracturing Tools, Sand Control Tools, and Others), by Application (Onshore and Offshore) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017 - 2025

To Be Published : May 2018

Well completion is the process of making oil and gas well capable of production after drilling is accomplished to signified depth. It comprises entire completion processes, which include running the production tubing, setting the downhole tools, and numerous other ope

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Waste to Energy Market, By Type Of Waste (Municipal Solid Waste, Process Waste, Medical Waste, and Agricultural Waste), By Technology (Incineration, Gasification, Pyrolysis, and Others), By Application (Electricity Generation, Power Generation, Combined Heat And Power, and Transport Fuels) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Waste to Energy (WtE) is the process of energy generation from the treatment of waste. Municipal solid wastes, process wastes, medical, and agricultural wastes are used for energy generation. The waste consists of both biomass and non-biomass materials such as paper &

Coherent Market Insights
Offshore Decommissioning Market, by Decommissioning Process (Project Management, Planning and Engineering, Permitting Compliance, Regulatory Compliance, Platform Preparation, Others), by Services (Modelling and Sampling, Waste Mapping and Handling, Site Inspection and Weight Estimation, Others), by Water Depth (Shallow Depth, Deep Water, Ultra- Deep Water) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Decommissioning refers to the process of ending oil and gas operation at the offshore platform keeping in account the risk and safety of the offshore environment. This process carried out when oil production from the well decreases substantially. Offshore decommission

Coherent Market Insights
North America Pressure Pumping Market, By Well Type (Vertical Wells, Horizontal Wells), By Service Type (Cementing Services, Remedial cementing, Primary cementing, Hydraulic Fracturing, Others), and By Resource Type (Unconventional, Conventional) - Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Pressure pumping involves propagation of cracks and fractures through rocks by using pressurized fracturing fluid and pumping cement into well bore to complete it. Pressure pumping is required for stimulation, completion, intervention and other processes related to we

Coherent Market Insights
Managed Pressure Drilling Services Market, By Technology (Mud Cap Drilling, Constant Bore Hole Pressure, Dual Gradient Drilling, Return Flow Control Drilling), and By Application (Onshore, Offshore) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Managed pressure drilling (MPD) refers to a drilling technique that uses enclosed and pressurized circulation system to provide precise wellbore control. Managed pressure drilling does not manipulate the ‘window’ (fracture gradient and pore pressure), rath

Coherent Market Insights
Directional Drilling Services Market, By Type (Conventional, Rotary Steerable System), By Services (MWD & Survey, LWD, Motors, RSS, Others), By Technology (Wellbore Positioning, Side Tracking, Well Planning, Others), and By Application (Onshore, Offshore) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Directional drilling refers to a process of drilling a well with a preferred deviation to reach the target location. This type of drilling is done for placing the wellbore precisely to get maximum recovery both on land and offshore regions. The main aim of this type o

Coherent Market Insights
Water Turbine Market, by Type (Reaction Turbine, Impulse Turbine), and by Application (Aeronautics, Marine, Power generation, and others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

A turbine is an engine that captures energy from fluid flow. Turbines consist of a moving part also known as the rotor assembly, which is a drum or a shaft with blades attached to it. The rotors are powered by water coming in contact with the blades, thereby forming r

Coherent Market Insights
Chilled Water Storage Systems Market, By Tank System Type (Diaphragm, Multiple, Stratified), By Application (Residential, Commercial, Industrial), and By End-Use Industry (Food & Beverages, Pharmaceutical, Chemical, Automotive, Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Chilled water storage system is a type of thermal energy storage technique, which is used to store water at temperatures ranging from 4°C to 6°C. The system is made of concrete and steel. Their sizes of storage range from 1 ton to several 100 tons and are gene

Coherent Market Insights
Seismic Survey Market - by Technology Type (2D Seismic Survey, 3D Seismic Survey, 4D Seismic Survey, and Others), by Application (Oil and Gas, Construction, Mining, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025

To Be Published : May 2018

Seismic survey is a method used to investigate geological properties of earth and is majorly used to explore natural gas, petroleum, and mineral deposits. Data acquisition, processing, and interpretation are the three phases of seismic survey. This technique determine

Coherent Market Insights
Wind Turbine Composites Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25

To Be Published : May 2018

Wind Turbine Composites are being progressively used in the manufacture of wind turbine components. Superior mechanical properties, decreased operating expenditure, and a long lifespan has resulted in its increased use in the wind energy industry. Also, the lightweigh

Coherent Market Insights
Solar Photovoltaic Glass Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-25

To Be Published : May 2018

Solar Photovoltaic (PV) glass is a technology that converts solar energy into electric energy, also providing protection against environmental elements such as dust, moisture, and snow. Solar photovoltaic glass is increasingly being used for building integrated photov

Coherent Market Insights
Offshore Drilling Rigs Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2017-2025

To Be Published : May 2018

Offshore drilling is the process of extracting petroleum from rock formation, which lies beneath the seabed. Several types of offshore rigs are used in different depth and offshore environmental conditions, such as jack up rigs (up to 500 feet), semisubmersible rigs (

Coherent Market Insights
Offshore Support Vessel Market – Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2017-2025

To Be Published : May 2018

The development of offshore facilities involves a variety of marine assets. Over the past few decades, there has been a drastic increase in the offshore E&P activities resulting in to increase in development and demand for offshore support vessels. These vessels a

Coherent Market Insights
Renewable/Bio Jet Fuel Market - Global Industry Insights, Trends, Outlook And Opportunity Analysis, 2017-2025

To Be Published : May 2018

Bio jet is an aviation fuel made from renewable and naturally derived raw materials. It is mixed with petroleum jet fuel and is suitable for use in a jet engine.  Biojet fuels have lower greenhouse gas emissions as compared to petroleum jet fuel. A major challeng

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