Dublin, May 25, 2022 (GLOBE NEWSWIRE) -- The "North American Power & Energy Outlook, 2022" report has been added to ResearchAndMarkets.com's offering.
This research service analyzes the North American power and energy market from 2020 to 2030, with 2021 as the base year. It offers power investment predictions for selected countries segmented by the various power generation sources. The research also highlights future growth opportunities and the strategic imperatives market participants need to consider to capitalize on them.
After a challenging year in 2020, the year 2021 redefined the global energy industry in many ways. The world witnessed rising concern about climate change and demand for sustainable solutions and processes.
Following the latest COP summit, more than 100 countries have pledged commitment to net-zero emissions by 2050. In North America, Canada announced a commitment to reduce total greenhouse gas emissions by 40 to 45% from 2005 levels by 2030, and the United States aims to cut its emissions in half by 2030 (between 50 and 52% from 2005 levels).
Despite the difficulties brought on by the COVID-19 pandemic, stakeholders across the energy value chain exhibited great resilience by developing innovative business models and sustainable practices to increase their sales. This activity resulted in record growth for the renewable industry in 2021. And in spite of the supply chain constraints, in 2022, installation of renewable energy sources is poised to continue its momentum as demand for clean energy solutions accelerates in North America.
Renewables was the big story in 2021, and 2022 will experience the continuity of that momentum as more and more stakeholders are pursuing their sustainability targets. The analyst predicts investments of more than $62 billion in the renewable energy sector across North America in 2022.
This research offers a comprehensive overview on top power and energy trends for North America in 2022, including the re-focus of US energy policy on cleaner energy, domination of renewables (solar PV, wind, hydro, and geothermal), the next wave of gas, the future of nuclear power, the question of whether coal can phase out, the upcoming hydrogen economy, the rise of power storage, and digital transformation.
Key Topics Covered:
1. Key Insights
- Key Highlights of the Power & Energy Industry, 2021
- Top Predictions for 2022
2. The Strategic Imperative
- Why Is It Increasingly Difficult To Grow?
- The Strategic Imperative
- The Impact of the Top Three Strategic Imperatives on the Power & Energy Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
3. Industry Scope
- Research Scope
- What Is Included in the Power & Energy Outlook Report?
4. Key Market Trends
- North American Power & Energy Outlook, Key Market Trends
- Trend 1 - Renewed US Leadership
- Trend 2 - Solar PV Leads a Wider Renewable Surge
- Trend 3 - Onshore Wind Matures; Offshore Takes Off
- Trend 4 - Upgrades & Expansion of Hydropower
- Trend 5 - Sustainability & Technology Innovations Drive Geothermal
- Trend 6 - Stable Climate for Natural Gas Power Generation
- Trend 7 - North America as the LNG Superpower
- Trend 8 - Energy for Bitcoin
- Trend 9 - 45% Decline for Coal in a Decade
- Trend 10 - Rise of the Hydrogen Economy
- Trend 11 - Substantial Deployments of Battery Energy Storage
- Trend 12 - Accelerating Pace of Digital Grid Transformation
5. Key Power Investment Metrics
- Annual Investment Forecast, Power & Energy Market
- Installed Capacity Forecast, Power & Energy Market
- Annual Capacity, Power & Energy Market
- Annual Investment by Country, Power & Energy Market
- Key Country Power Trends
- Power Generation Investment Outlook
6. Country Outlook
- United States, Power & Energy Market
- Canada, Power & Energy Market
7. Growth Opportunity Universe, Power & Energy Market
- Growth Opportunity 1 - As-a-Service Business Model to Accelerate Adoption of Distributed Energy Resources/Advanced Grid Equipment
- Growth Opportunity 2 - Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies
- Growth Opportunity 3 - IoT to Enhance Generation and Grid Equipment for Improved Power Network Resiliency and Reliability
8. Key Conclusions
9. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/i56118
