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Utilities should embrace IoT analytics solutions even though the solutions have yet to mature

A new report from examines the global market for Internet of Things (IoT) analytics solutions for utilities, key market conditions, challenges faced by stakeholders, technology issues, and regional adoption trends, providing global market forecasts, segmented by region, spending segment, and application, through 2028.

The utilities industry is attempting to leverage a plethora of generating assets, transmission and distribution system equipment, and smart meters connected to the grid, creating large amounts of data. However, the IoT has invaded their space. Legacy IoT analytics solutions, software tools, and control systems used to analyze data and keep electricity flowing are becoming outdated with the emergence of cloud computing, machine learning, and artificial intelligence (AI). : A new report shows global revenue from the IoT and analytics for utilities market is expected to grow to more than $5.1 billion in 2028.

“Many of the tools are outdated, sit in silos, and were never designed for the complexities of today’s smart grid,” says Neil Strother, principal research analyst with Navigant Research. “More advanced utility IoT analytics solutions have entered the market and can be applied to legacy systems and new data flows using edge computing, cloud computing, machine learning, and AI to unlock valuable insights and drive operational efficiencies.”

According to the report, utilities should embrace IoT analytics solutions even though the solutions have yet to fully mature, as they can help cut costs while demand is flat or declining. With IoT technologies, disparate systems can also operate on the internet and integrate data for enhanced business value. In addition, advanced analytics are needed as more distributed energy resources, like solar PV, come online and create two-way energy flows on a grid that was not designed that way.

This Navigant Research report, ,  provides answers for utility operators and managers looking to adopt IoT analytics solutions. The study includes a discussion of key market conditions, challenges faced by stakeholders, technology issues, and regional adoption trends. Global market forecasts, segmented by region, spending segment, and application, extend through 2028. The report also provides pointed recommendations and steps stakeholders should take to harness the data from connected grid assets to drive valuable insights and outcomes.

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, IoT and Analytics for Utilities Market Overview, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Navigant Research Report Shows Global Revenue...

To improve revenue and adoption of LED technology, lighting manufacturers are turning to lighting controls

A new report from provides global market forecasts for residential energy efficient lighting and lighting controls segmented by region, technology type, product type, and building type, through 2027.

The residential market for connected LED lighting lamps, luminaires, and controls is growing. Increased interest in the smart home and desire for home automation is spurring global adoption of connected LED lighting. : According to a new report, global annual residential lighting controls revenue will grow from $963.0 million to $1.5 billion from 2018 to 2027.

Despite the added value of connected LEDs, overall market penetration of these products is still small. This is partly due to consumers’ lack of understanding of the value and use cases of connected lighting products.

“Declining LED prices and the longer lifetime are helping to drive adoption of non-connected LEDs,” says Krystal Maxwell, a research analyst with Navigant Research. “However, these drivers are different for connected LEDs, which are centered around growing adoption of the smart home and added values of connected lighting focused on security and health.”

According to the report, lighting manufacturers are turning toward lighting controls and connected products to continue adding value for customers. Controls and connected LED products also provide manufacturers a new or increased revenue stream as revenue for residential lamps declines. This is due to declining LED prices and the replacement of legacy lighting products with longer lasting LEDs.  However, even with the increased number of available controls products, demand for controls in the residential sector is still not strong.

This Navigant Research report, , analyzes the global market for residential energy efficient lighting and lighting controls. The study focuses on residential non-LED, LED, and connected LED luminaires and lamps. Residential lighting controls are also included in this assessment, including sensors, timers, dimmers, and connected controls. Global market forecasts, segmented by region, technology type, product type, and building type, extend through 2027. The report also examines the key trends and market drivers and barriers related to residential energy efficient lighting and lighting controls.

Contact: Ellie Stutts

+1.202.973.3249

* The information contained in this press release concerning the report, Market Data: Residential Energy Efficient Lighting and Lighting Controls, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Navigant Research Report Shows Global Annual...

Current regulation of commercial buildings is a significant driver for the energy efficient HVAC market.

A new report from examines the global market for energy efficient HVAC technologies in commercial buildings, providing market forecasts segmented by technology and region through 2027.

To support the global shift towards the electrification of the grid, innovative energy efficient technologies are hitting the market to connect. Trailing the trends of Internet of Things, demand response, and grid connectivity, new energy platforms offer increased energy and demand savings to commercial buildings through optimization. : According to a new report from , global revenue for energy efficient commercial HVAC technologies is expected to increase to $61.2 billion in 2027.

“These technologies support Energy Cloud platforms such as Building-to-Grid, Transportation-to-Grid, and Smart Cities, says Courtney Marshall, Research Analyst of Navigant Research. “Efficient HVAC technologies enable connections to the grid to commercial buildings by optimizing equipment operations, all while maintaining comfort for their building occupants.”

According to the report, another significant driver of these technologies involves the regulatory environment that promotes commercial buildings, specifically the smart controls that allow buildings to intelligently manage operations. The global forecast for energy efficient commercial HVAC systems revenue is expected to increase from $29.4 billion in 2018 to $61.2 billion in 2027 with Asia Pacific being the geographic leader with an anticipated revenue growth of $39.3 billion by 2027. Meanwhile, Western Europe is expected to reach over $12.1 billion.

This Navigant Research report, , provides a comprehensive analysis of energy efficient HVAC technologies for commercial buildings. The study analyzes the key market drivers and barriers, as well as regional market dynamics, related to energy efficient commercial HVAC systems. Global market forecasts, segmented by technology and region, extend through 2027. The report also examines the competitive landscape and main technologies related to energy efficient HVAC systems, including unitary systems, heat pumps, furnaces, boilers, variable refrigerant flow (VRF) systems, chillers, and geothermal heat pumps (GHPs).

Contact: Ellie Stutts

+1.202.973.3249

* The information contained in this press release concerning the report, HVAC Energy Efficiency in Commercial Buildings, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Revenue for Commercial Energy Efficient HVAC...

Cities must invest in physical and digital infrastructure to support the development of cleaner, more connected, and automated transport systems

June 21, 2018 – Boulder, CO – A new report from examines the global market for high-impact urban mobility technologies, providing market forecasts segmented by region and technology through 2027.

The need to provide clean, decarbonized, and efficient transportation is crucial to solving many of the most serious challenges facing cities including air pollution, traffic congestion, and greenhouse gas emissions. Technologies such as EVs, automated vehicles, intelligent transportation systems, smart parking systems, last-mile logistics, mass transit innovations, and mobility as a service options are expected to approach mainstream adoption within the next decade. : According to a new report from @NavigantRSRCH, cumulative revenue for global urban mobility technologies is expected to reach $240.9 Billion in 2027.

“To support the vision of a cleaner, more connected, and automated transportation system, cities must prepare for the future by investing in physical infrastructure such as EV charging and digital infrastructure through data platforms and 5G networks,” says Ryan Citron, senior research analyst with Navigant Research. “It is also important that readily accessible and proven technologies are not ignored in the pursuit of future solutions.”

According to the report, currently available technologies such as adaptive traffic control and smart parking systems have demonstrated effectiveness in reducing traffic congestion, although both remain underutilized by cities.

This Navigant Research report, , analyzes the latest developments and key trends related to high-impact urban mobility technologies. The study examines the synergies between these technologies and their potential to disrupt traditional transportation markets. Global market forecasts, segmented by region and technology, extend through 2027. The report also examines regional trends in urban mobility strategy, city case studies where mobility models are being disrupted, and the urban mobility supplier ecosystem.

Contact: Stefanie Bradtner

+49.221.270.70.142

* The information contained in this press release concerning the report, Urban Mobility Innovations, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Navigant Research Report Shows Cumulative...

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