Energy And Environment : Trends, Facts, Insights

Overview

The Energy & Environment sector comprises industries with significant interests in energy generation and distribution, energy efficiency, and environmental conservation. There are both clean and nonrenewable energy technologies, solutions for climate protection, and also actions focused on environmental protection, as relevant. With growing awareness of issues such as global warming, pollution, and depletion of natural resources, the sector has become an important agenda for every government, corporation, and the people in general.

The level of the global energy & environment market is about 10.5 trillion dollars in the year 2023, and it is projected to witness a growth of more than 6.8 percent over the period of 2024-2030. This increase is as a result of a higher allocation of resources towards green investments, environmental laws with more teeth, and improvement of energy-saving devices, among others.

Industry Trends

1. Growing renewable energy sources: Reduction in the costs of solar and wind energy encourages countries to adopt them further.
2. Enhancements in Energy Packing: Development of new technologies to store lithium-ion, solid-state, and hydrogen efficiently.
3. Decarbonization Processes: Commitment of more companies towards the achievement of carbon neutrality and expanding the green supplies.
4. Smart grids and AI-based optimization of energy: Energy analytics based on artificial intelligence solutions utilize big data to optimize energy.
5. Sustainability Production and Recycling: Transitioning of organizations to eco-friendly industries to allow recycling of resources.
6. Administration, Law, and Politics: Charging carbon taxes, providing more incentives for renewable energy, and increasing emission standards.
7. Transport Electrification Strategies: Electrified transport services and enhancing the performance of batteries, among many other innovations.

Facts & Insights

In terms of appeal, the world’s installed renewable capacity boasted almost 83 percent new installations in 2023, and certainly more than half of that was due to solar sources, where solar energy was about 50 percent.
There are more than 80 nations that have made commitments, going as far as reaching zero carbon emissions by the year 2050.
More than $300 billion in investments in green hydrogen are expected to be made by 2030.
The world’s electric car market shall be more than 1.4 trillion dollars by the year 2030 through government policies encouraging it and pushing for battery technology improvement.
It is estimated that over 45 countries will have introduced carbon pricing schemes, having already covered one quarter of the world's emissions.

Market Segment

• Generation of Power: Electric companies, renewable energy vendors, and fossil fuel-based sectors.
• Efficient Use of Power & Its Control: New-generation appliances, energy efficiency surveys, load management.
• Services for the Environment: Controlling pollution of water and the air, disposal of waste.
• Climate-Friendly Indicators: Services expanded to include offsets, tree planting activities, and emission monitoring equipment.
• Sustainable transport: Electric vehicle companies, hydrogen fueling sites, and electric public transportation.
• Eco-Sustainable Financing: Digestible investments, bonds for environmental causes and funds with ESG constraints.

Industry Leader

Some of the most powerful players in the global energy & environment market are:
Renewables: NextEra Energy, Vestas, Orsted, Tesla (solar and battery solutions).
Oil & Natural Gas (Transformational to Renewable Energy): Shell, BP, and TotalEnergies.
Power Storage and Networks: Tesla, Panasonic, and Siemens.
Environmental Strategies: Veolia, Waste Management Inc., and Xylem, a water technology company.
Intelligent Energy and Artificial Intelligence: Schneider Electric Ltd., General Electric Co., and ABB Ltd.