North American Power & Energy Industry Outlook 2024: Improvements in Grid Infrastructure & Smart Grid Solutions, Combined Offering of Renewables and Batteries
Dublin, June 25, 2024 (GLOBE NEWSWIRE) -- The "North American Power & Energy Outlook, 2024" report has been added to ResearchAndMarkets.com's offering.
The outlook offers a comprehensive overview of top trends in the region, from the accelerating growth for solar PV, substantial deployments of battery energy storage (BES), and steady growth for onshore and offshore wind, to the advancement in industrial electrification, among others.
2024 is expected to be a year of significant growth for the renewable energy sector in North America because of favorable climate policies and regulations. In 2022, the United States passed the Inflation Reduction Act (IRA), which has boosted investor confidence and provided incentives for investment in domestic supply chains. Despite challenges related to inflation, the future looks bright for the renewable energy industry in 2024.
However, developers, regulators, and other stakeholders must work hard to implement clean energy initiatives while addressing supply chain challenges, and reliability issues. This outlook study covers the growth environment of the region and what the publisher predicts for the sector in 2024 and beyond, based on trends observed in the industry over the past two years.
The study investigates investment opportunities available to North American industry participants from different power generation sources, highlights future growth opportunities, and provides strategic imperatives that market participants need to consider to capitalize on growth opportunities.
Growth Opportunity Universe
Municipalities, Utilities, and Electric Cooperatives
Combined Offering of Renewables and Batteries
Improvements in Grid Infrastructure & Smart Grid Solutions
Industry Dynamics
Accelerated Solar PV Growth
Substantial BES Deployment
Steady Growth of Onshore and Offshore Wind
Increased LNG Exports and Gas Supply
Investment in Grid Modernization
Data Center Upgrades and Expansion
Higher Rate of Digital Transformation
Progress in Hydrogen Adoption but Still a Long Road Ahead
Commercial Heat Pump Takeoff
Industrial Electrification Advancements
CHP Economics
CCS Investment Acceleration
Key Topics Covered:
Analysis Highlights
Top Predictions for 2024
Country Outlook
Clean Power - State of Play
Transformation in the NA Power Industry
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the NA Power & Energy Industry
Ecosystem
Scope of Analysis
What is Included in the Power Sector Outlook Study?
Growth Generator
NA Power Industry Investment Forecast
Power Generation Capacity Forecast
Power Generation Installed Capacity & Electricity Generated
Annual Power Generation Investment by Country
Growth Generator - Power Generation Investment for US and Canada
US Power Generation Investment Forecast
US Power Generation Industry Analysis
US Power Generation Installed Capacity & Electricity Generated
Canada Power Generation Investment Forecast
Canada Power and Energy Industry Analysis
Canada Power Generation Installed Capacity & Electricity Generated
Key Conclusions & Future Outlook
Best Practices Recognition
For more information about this report visit https://www.researchandmarkets.com/r/u9rn3w
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