PTR Insights
Electric Light Duty Vehicle (LDV) Sales More Than Double in 2021: Auto Industry Investments Bear Fruit
• E-mobility can contribute significantly to environmental and climate protection as it reduces dependence on the imports of fossil energy sources, owing to its greater use of renewable energies and its enhanced energy efficiency. • The sales of electric passenger...
Growing Interest in Alternative Energy Storage to Benefit Flow Batteries
• The most common types of flow batteries are vanadium redox batteries and zin bromide batteries.• The battery flow technology is not widely deployed which is why there aren’t many suppliers across the globe.• Of all the suppliers available for this technology,...
Change in Priorities to Alter the Market Share of Different Lithium-Ion Chemistries
• The transition is heavily reliant on energy storage solutions, especially the lithium-ion batteries which have gained significant traction in recent years.• LFP batteries have proven to be highly durable, exhibiting excellent thermal stability and enhanced...
V2G Technology: Regional Growth and Market Leaders in Europe, the Asia Pacific, and America
The market for Vehicle-to-Grid (V2G) technology is expanding significantly on a global scale. With over 20 V2G projects in development, the United Kingdom is far ahead of its competitors, which include the Netherlands, Germany, and Japan. In regions with a tendency...
Smart Transformers: Revolutionizing the renewable energy landscape
Most of the installed transformers worldwide consist of conventional transformers, but the global transformer market is expected to move towards smart transformers that are more equipped to accommodate the significant deployment of renewable energy. Smart transformers...
Overview of the European HV Switchgear Market
The High Voltage (HV)* Switchgear market in Europe has rebounded from the pandemic-induced revenue slump in 2021 and is expected to continue growing steadily until 2027.[ba_advanced_divider active_element="text" title="High Voltage Switchgear Service Overview"...
Australian Virtual Power Plant Industry: A Growing Trend
Australia is one of the mature markets of Virtual Power Plants (VPP) across the globe. The market maturity is due to the high proliferation of grid-edge renewables such as solar rooftops and residential battery storage, enabling electric utilities to utilize these...
The EU’s Green Hydrogen Market: A Rising Tide of Investments and Opportunities
• The European Union (EU) is witnessing a surge in investments and initiatives aimed at integrating green hydrogen technologies, driven by the global imperative to combat climate change.• Significant funding has been allocated to support the development of green...
AI Powered VPP and DERMS: Innovations to Resolve Grid Constraints
VPPs have enabled electricity consumers to participate in the electricity market and act as prosumers of electricity that provide services to the electricity grid while meeting their own needs which was otherwise not be possible. It is expected that the UK and Germany...
Overview of the OPS Market in NAM & Europe
In response to the pressing need to combat maritime emissions and meet environmental targets, an increasing number of countries are embracing shore-to-ship power research solutions. This technology enables ships to connect to land-based power sources while docked,...
Embracing the Electric Revolution: Highlights from Electric Vehicle Innovation Summit (EVIS)
The Electric Vehicle Innovation Summit (EVIS) held in Abu Dhabi, UAE was an extraordinary event that showcased the latest advancements, trends, and challenges in the electric vehicle (EV) industry. With over 50 exhibitors and thousands of attendees, the second...
Key Drivers Instigating MV (Medium Voltage) Switchgear Demand in Middle-East & Africa (MEA)
The Middle East and Africa (MEA) region is poised for remarkable growth in the medium voltage (MV) air-insulated switchgear (AIS) and MV gas-insulated switchgear (GIS) markets. With increasing generation capacity, infrastructure projects, and electricity demand, MEA...
Standardization, Grid Upgrades, and Coverage: Key Factors in the Uptake of Fast Charging Infrastructure
• In advanced economies EV charging infrastructure is being built at a remarkable pace. • The biggest market for DC chargers globally in terms of units will be workplace charging followed by destination and En-route charging. • In 2020 only, around 1 million DC fast...
Solid State Technology to Streamline Global Transition to Clean Energy
The electrical power system of a country generally consists of generators, high voltage transmission lines that stretch hundreds of miles followed by distribution lines that span millions of miles in order to serve a range of consumers. Existing grid infrastructure...
Energy Transition to Rely on STATCOMs in Germany
• Germany is one of the leading countries in Europe in terms of adoption of renewable energy and has made significant effort over the years in order to move towards a more sustainable energy system.• Over the next 10 years, four transmission system operators including...
Revving Up: Exploring the Current State of U.S. EV and EVSE Infrastructure
The implementation of California's Advanced Clean Cars II (ACC II) rule, a state policy, has the potential to significantly hasten the widespread adoption of electric vehicles (EVs) in the United States. With approximately 38% of the U.S. car market already...
Batteries Included: The Boom of Emerging Storage Markets in Europe
• The European Commission has launched the REPowerEU plan to reduce dependence on Russian gas, phase out fossil fuels, and increase renewable energy deployment. The plan aims to increase the target for renewable energy deployment from 40% to 45% by 2030. • Some key...
SAE Hydrogen and Alternative Fuels Summit Impression 2023
The SAE Hydrogen and Alternative Fuels Summit was held online from 2nd to 3rd May 2023. This two-day virtual event aimed to bring together hydrogen and energy experts from around the world to address the latest market updates, opportunities, and challenges related to...
The Swiss Army Knife of EV Charging: Charging Management Software (CMS)
At the center of every EV charging network is some form of a CMS acting as a coordinator of activity and data between the users of EV charging and the entities that provide charging services. CMSs are cloud-based software platforms which act as a network operating...
Regulations Paving Way for Widespread Installation of Smart Chargers
Developed countries across the globe are rapidly moving towards widespread adoption of electric vehicles. This is driving the associated charging infrastructure which is necessary to sustain the adoption of EVs. It is expected that the EV and EVSE market of the future...
The Ecosystem behind Shore-To-Ship Power in Spain
Ports across Europe are aiming to achieve the decarbonization goals set by the EU’s “Fit for 55” target which requires ports to reduce their GHG emissions by 55% by 2030 and ultimately make the EU climate neutral by 2050. Globally, Europe is the leading market for...
Revolutionizing the Power Industry: How Grid Modernization is Impacting the Distribution Transformer Market
• In the last decade, especially after the Paris Agreement in 2015, the global energy market is observing a marked shift and is currently in a state of transition. • Power Technology Research expects that the global distribution transformer market will grow with a...
Short Term Outlook of the European FACTS Market
The market for Flexible AC Transmission Company (FACTS) is experiencing a remarkable upsurge in growth, primarily due to the escalating adoption of renewable energy sources and the emerging trend of cross-border electricity exchange. This infographic discusses the...
Powering Up APAC: 2022 Battery Energy Storage Market Snapshot for Australia, the Philippines, Taiwan, and Thailand
APAC region is showing promising signs as a potential market for battery energy storage projects. In 2022, the market gained momentum with Australia's ambitious battery storage pipeline, while other APAC countries such as Taiwan and the Philippines are also achieving...
Carbon Capture, Storage and Utilization: Transforming Emissions into Solutions
• CCUS technologies involve capturing CO2 emissions from industrial processes, utilizing it in various ways, and storing it permanently underground.• CCUS provides a cost-effective way to reduce GHG emissions from industrial processes, thereby contributing to the...
Middle East Energy (MEE) Conference Impressions 2023
The Middle East Energy (MEE) conference & trade fair in Dubai, which took place from 7th to 9th March, was a prime meeting place for professionals from all over the energy and power grid industry. The conference provided a platform for key equipment manufacturers...
Powering the Future: Key Updates from India’s Energy Storage Sector in 2022
• India has reached a cumulative installation of around 120 GW of renewable energy capacity in 2022. • India is increasingly achieving the addition of renewable energy sources in its energy mix and will require flexible assets, including energy storage, to maintain...
Power Surge: MV Switchgear Market Set for Strong Growth as Grid Modernization Accelerates
The MV Switchgear market recovered in 2021, following the Covid-19 induced revenue slump, and has shown a steady growth. This infographic covers: The regional share of MV Switchgear market in all three regions, namely: the Americas, APAC and EMEA. The switchgear...
EH2B: A Gateway to European Hydrogen Economy
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APAC’s Biggest Economies Paving the Way for EV Adoption
Even though China is the forerunner in the EV charging infrastructure, the rest of the APAC (Asia Pacific) countries are not lagging far behind. Japan and South Korea are also amping up their EV charger deployment rate by incentivizing EVs. While Australia and India...