In an optimistic projection, the market is valued at $28.46 billion in 2024, with an anticipated expansion at a CAGR of 6.08% to reach $51.35 billion by 2034.
In an optimistic scenario, the market is evaluated at a valuation of $3.24 billion in 2024 and is projected to expand at a CAGR of 9.02% to reach $7.69 billion by 2034.
The global data center cooling market is projected to reach $107.13 billion by 2034 from $21.50 billion in 2023, growing at a CAGR of 15.72% during the forecast period 2024-2034.
In an optimistic projection, the market is valued at $2.10 billion in 2024, with an anticipated expansion at a CAGR of 4.69% to reach $3.32 billion by 2034.
The Green Bonds Market is anticipated to be valued at $695.17 Million in 2024, showing promising growth prospects. By 2034, it is projected to reach an estimated $1,576.01 Million during the forecast period of 2024-2034.
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In an optimistic forecast, the Nuclear Decommissioning Services Market, valued at $6.70 billion in 2024, is projected to grow at a CAGR of 5.81%, reaching $11.79 billion by 2034.
The Europe floating data center market, valued at $4.33 million in 2023, is expected to reach $14.73 million by 2033, exhibiting a robust CAGR of 13.03% during the forecast period 2023-2033.
In an optimistic scenario, the market, valued at $6.28 billion in 2024, is anticipated to grow at a CAGR of 12.24%, reaching $19.93 billion by 2034.
The global small modular reactor market, valued at $1,953.1 million in 2023, is expected to reach $4,425.2 million by 2033, exhibiting a robust CAGR of 8.52% during the forecast period 2023-2033.
In an optimistic forecast, the market, valued at $237.43 billion in 2024, is anticipated to grow at a CAGR of 9.08%, reaching $566.03 billion by 2034.
In an optimistic scenario, the market is anticipated to reach a valuation of $70.1 billion in 2024 and is projected to grow at a CAGR of 7.1% to attain $139.4 billion by 2034.
Considering the optimistic scenario the market is valued at $1.47 Billion in 2024 and is expected to grow at a CAGR of 5.95% to reach $2.62 Billion by 2034.
The global substation automation market is projected to reach $67.89 billion by 2033 from $35.29 billion in 2023, growing at a CAGR of 6.76% during the forecast period 2023-2033.
In an optimistic scenario, the market is valued at $11.34 billion in 2024 and is projected to grow at a CAGR of 6.03% to reach $20.36 billion by 2034.
The global power system simulation software market is projected to reach $3,316.0 million by 2033 from $1,456.8 million in 2023, growing at a CAGR of 7.57% during the forecast period 2023-2033.
The global microchannel heat exchanger market is projected to reach $38,977.2 million by 2033 from $16,165.0 million in 2023, growing at a CAGR of 9.06% during the forecast period 2024-2033.
The global small modular reactor market for data centers is anticipated to be valued at $38.26 million in 2028 and is expected to reach $278.35 million by 2033, exhibiting a robust CAGR of 48.72% during the forecast period 2028-2033.
The global data center liquid cooling market, valued at $4,457.2 million in 2023, is expected to reach $39,961.3 million by 2033, exhibiting a robust CAGR of 24.53% during the forecast period 2023-2033.
The heating, ventilation, air conditioning, and refrigeration (HVAC-R) market was valued at $422.91 billion in 2023, and it is expected to grow at a CAGR of 6.33% and reach $781.05 billion by 2033.
The global data center refrigerant market is expected to grow from $471.2 million in 2022 to $1,215.1 million by 2032, at a CAGR of 8.59% during the forecast period 2023-2032.
The global heating equipment market is projected to reach $206,505.0 million by 2033 from $110,939.1 million in 2023, growing at a CAGR of 6.41% during the forecast period 2023-2033.
The global edge data center market, valued at $16,705.2 million in 2023, is expected to reach $95,386.3 million by 2033, exhibiting a robust CAGR of 19.03% during the forecast period 2023-2033.
The global floating data center market, valued at $224.2 million in 2023, is expected to reach $732.60 million by 2033, exhibiting a robust CAGR of 12.57% during the forecast period 2023-2033.
The global AI and semiconductor - a server GPU market accounted for $15.4 billion in 2023 and is expected to grow at a CAGR of 31.99% and reach $61.7 billion by 2028.
The global data center dielectric fluid market, valued at $76.71 million in 2023, is expected to reach $338.80 million by 2028, exhibiting a robust CAGR of 34.59% during the forecast period 2023-2028.
The global market for lithium-sulfur batteries has driving by escalating demand for energy storage solutions characterized by higher energy density and extended lifespan.
The global market for oil and gas pumps has witnessed substantial growth, propelled by various key factors and driving forces.
The Middle East and Africa (MEA) renewable energy market is experiencing substantial growth driven by a combination of factors that reflect the region's increasing commitment to sustainable development, energy security, and the diversification of energy sources.
The report constitutes an extensive study of Virtual Power Plant industry.
The Middle East and Africa onshore wind power market was valued at $XX billion in 2022 and is anticipated to reach $XX billion by 2033, witnessing a CAGR of XX% during the forecast period 2023-2033.
The global data center cooling component market is a vital and evolving sector within the broader data center industry, essential for maintaining the optimal performance and reliability of data centers.
The Asia-Pacific data center liquid cooling market (excluding China) is estimated to reach $2,609.1 million in 2027.
The global data center liquid cooling market was valued at $2.79 billion in 2021, which is expected to grow with a CAGR of 27.67% and reach $11.84 billion by 2027.
The global sulfur-based battery market was valued at $517.4 million in 2021, which is expected to grow with a CAGR of 17.69% and reach $2,669.9 million by 2031.
The global data center cooling market accounted for $17.82 billion in 2021 and is expected to grow at a CAGR of 16.99% and reach $44.52 billion by 2027.
The global solid-state transformer market is expected to value $207.3 million in 2025 and is projected to reach $467.0 million in 2031, following a CAGR of 14.34% during the forecast period 2026-2031.
The global carbon neutral data center market was valued at $5.02 billion in 2021 and is projected to reach $16.53 billion in 2027, growing at a CAGR of 22.19% during the forecast period 2022-2027.
The global HVAC-R market was valued at $193.6 billion in 2021 and is projected to reach $257.9 billion in 2027, following a CAGR of 5% during the forecast period 2022-2027.
The global immersion cooling market accounted for $251.0 million in 2021 and is expected to grow with a CAGR of 36.3% and reach $1,605.5 million by 2027.
The global enhanced geothermal system (EGS) market is expected to reach $1,354.2 million by 2030, growing with a CAGR of 4.4% during the forecast period 2021-2030.
The global data center liquid cooling market is expected to reach $7,723.6 million by 2026, with a CAGR of 27.31% during the forecast period 2021-2026.
The global smart lighting market generated revenue of $11,932.0 million in 2020 and is expected to reach to $34,500.0 million by 2025 at a CAGR of 23.1%.
The carbon neutral data center market is projected to grow from $3.46 billion in 2020 to $9.42 billion by 2025, at a CAGR of 22.17% from 2020 to 2025.
The global energy management system market is projected to grow from $10.55 billion in 2020 to $30.15 billion by 2025, at a CAGR of 23.37% from 2020 to 2025.
In 2019, the IoT in oil and gas market was valued at $16.19 billion and is expected to reach $43.48 billion by 2024, growing at a CAGR of 21.86% from 2019 to 2024.
The ASEAN smart grid market is projected to grow from $1,248.8 million in 2019 to $2,949.6 million by 2024, at a CAGR 18.76% from 2019 to 2024.
The Australia and New Zealand HVAC Market - Analysis and Forecast by BIS Research projects the market size is expected to reach $4.57 billion by 2024.
Global Artificial Intelligence (AI) in Energy Market is Anticipated to Reach $7.79 Billion by 2024.
The Blockchain in Energy Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 54.09% during the forecast period from 2019 to 2024.
The Global Internet of Energy Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 21.05% during the forecast period from 2019 to 2024.
The virtual power plant market is expected to reach $4,502.5 million by 2024.
The building energy management system market is projected to grow from $5.86 billion in 2018 to $12.72 billion by 2025, growing at a CAGR of 11.71% from 2018 to 2025.
The IoT in oil and gas market is projected to grow from $13.35 billion in the year 2018 to $39.40 billion by 2023, growing at a CAGR of 24.17% from 2018 to 2023.
The Asia-Pacific waste to energy market is projected to grow from $XX billion in the year 2018 to $13.66 billion by 2023, at a CAGR of XX% from 2018 to 2023.
The Europe waste to energy market is projected to grow from $XX billion in the year 2018 to $21.99 billion by 2023, at a CAGR of XX% from 2018 to 2023.
The global solar LED street lighting market is expected to grow at a CAGR of 16.5% in terms of volume and 13.2% in terms of value during the forecast period 2018-2024.
The global lighting as a service market is expected to grow at a CAGR of 40.8% in the forecast period 2018-2025.
The offshore wind energy market is projected to grow from $XX million in the year 2018 to $50,450.9 million by 2023, at a CAGR of XX% from 2018 to 2023.
The global HCL market is expected to grow with a CAGR of 37.2% and 35.2% in terms of volume and value, respectively during the forecast period 2018-2024.
The global HVAC market is estimated to witness growth at a CAGR of 4.5% and 2.6% over the period 2018-2024 in terms of volume and value, respectively.
The intelligent lighting controls market generated revenue of $1,792.8 million in 2017 and is expected to reach to $5,508.0 million by 2024.
The Asia Pacific microgrid market for energy generation and energy storage technologies is expected to reach a market size of approximately $22.5 billion by 2026.
The LED lights market has undergone significant transformation in the last couple of years. The Energy Independence and Security Act (EISA) passed in 2007 led to a major change in the lighting industry as it replaced the outdated inefficient lighting technology.
The market is expected to grow at a CAGR of 9.30% during the forecast period (2017-2023).
The global building energy management systems market is expected to reach $9.32 billion by 2023. The increasing demand for reduction in energy consumption and greenhouse gas emissions along with concerns over climatic changes are some of the factors driving the overall market growth for this industry.
Global IoT in O&G market is anticipated to grow to $30.57 billion by 2026. It is expected to be mainly driven by shortage of skilled labor, increasing number of cyber-attacks, aging infrastructure, and need to increase operational efficiency, which will act as key drivers for the growth of this market.
The Americas HVACR market volume is estimated to grow at a CAGR of 5.65% during the forecast period, 2017-2023. The demand for HVACR equipment in this region is witnessing an overall steady growth. The growth rate can be attributed to countries such as Brazil, Argentina and Mexico that have shown a huge increase in the demand.
Middle East HVACR market volume is expected to reach a volume of 6,490.83 thousand units by 2022. The demand for HVACR products in the Middle East market is mainly driven by factors such as rising population, developments in the residential markets, along with growing commercial and industrial units, among others.
The energy efficient devices market is expected to reach a market size of $908.49 billion by 2022. The increasing demand for reduction in energy consumption and greenhouse gas emissions along with concerns over climatic changes are some of the factors driving the overall market growth for this industry.
The growth of the APAC HVAC market is owing to various key factors such as growing urban population, increase in disposable income, and varying climatic conditions. The region experience extreme climatic conditions. South-East Asian countries such as Thailand and Malaysia are known for their wet and humid climates.
The global LED emergency lighting market is expected to grow at a significant rate during the forecast period. This is due to factors such as the integration of security industry with LED lighting, changing the paradigm of lighting industry to electronics & healthcare industry, and continuous advancement in upcoming product range.
The scope of this report is focused towards global heating, ventilation and air conditioning (HVAC) market. The study includes the analysis of HVAC products, in addition to the market study of the HVAC industry across different geographies.
The growth of the U.K.’s temperature control market is owed to various factors such as construction projects specially in London by both public and private sectors, various policy and regulatory laws pertaining to the areas of environmental concerns, increasing energy efficiency, usage of renewable sources of energy, rising prices of fuels and other raw materials, and the usage of low GWP refrig
The Australia and New Zealand HVAC markets have been covered by both value and volume. The market by value is growing at a CAGR of 9.82% from 2016 to 2022, while the market by volume is growing at a CAGR of 7.33% from 2016 to 2022 in which Australia is a dominant player.
High urbanization rate, decent economic growth, growth in constructional activities along with diverse climatic conditions will create demand for HVAC products. In terms of volume, the Turkey HVAC market will increase at a CAGR of 5.31% from 2016-2022.
According to the report titled ‘Middle East and Africa (including North Africa and South Africa) Heating, Ventilation and Air Conditioning (HVAC) Market- Forecast & Analysis, 2016 – 2022’, the market is expected to generate over $16.23 billion value by 2022.
The following points are key executive findings available in the report titled “North Africa HVAC Market, 2015-2022”. Heating, Ventilation and Air Conditioning (HVAC) is referred to as a type of technology which provides comfort in terms of temperature variation in applications such as residential, commercial, industrial and institutional, among others.
APAC air purifier market is expected to reach about $19.02 billion by the end of 2015 in terms of revenue. This is attributed to the increasing health hazards and air pollution caused in major countries in APAC. China, India, South Korea, Malaysia, Japan and Indonesia contributes to the rising demand owing to increasing air pollution, smog formation, yellow smog, grey air formed due to huge coal f
Renewable energy possesses a vast expanse of untapped market potential, and irrespective of its abundant availability, it is yet to achieve a wide scale adoption among both government and private bodies. The solar energy market (PV and solar thermal) has gained significant traction in the recent past, and is anticipated to attain almost 265GW and 568GWth of cumulative capacity by 2020 for solar PV
To create the energy security in the developing countries of Asia Pacific region, the abundantly available renewable energy resources are being widely adopted, in order to reduce reliance on the conventional sources of energy.
The scope of this report is focused towards global heating, ventilation and air conditioning (HVAC) market. The study includes the analysis of HVAC products, in addition to the market study of the HVAC industry across different geographies.
As global warming and other environmental concerns are increasing, the government bodies are attempting to regulate the manufacturing standards of the Heating, Ventilation and Air Conditioning (HVAC) units in the Middle East and Africa (MEA) region.
The AC market growth is propelled by increasing demand for the Air Conditioners in the commercial and residential applications, reduction of energy consumption and innovative solutions that have created a demand for the ACs.
The Europe Data Center Liquid Cooling Market (excluding U.K.), valued at $949.9 million in 2023, is expected to reach $7,331.3 million by 2033, exhibiting a robust CAGR of 22.67% during the forecast period 2023-2033.
The Asia-Pacific edge data center market, valued at $5.36 billion in 2023, is expected to reach $31.57 billion by 2033, exhibiting a robust CAGR of 19.40% during the forecast period 2023-2033.
The Europe edge data center market, valued at $4.19 billion in 2023, is expected to reach $24.82 billion by 2033, exhibiting a robust CAGR of 19.47% during the forecast period 2023-2033.
The solid state cooling market is experiencing significant growth, driven by the increasing demand for energy-efficient cooling solutions across various industries.
The global data center liquid cooling market was valued at $2.79 billion in 2021, which is expected to grow with a CAGR of 27.67% and reach $11.84 billion by 2027.
The global data center cooling market accounted for $17.82 billion in 2021 and is expected to grow at a CAGR of 16.99% and reach $44.52 billion by 2027.
The global HVAC-R market was valued at $193.6 billion in 2021 and is projected to reach $257.9 billion in 2027, following a CAGR of 5% during the forecast period 2022-2027.
The global data center liquid cooling market is expected to reach $7,723.6 million by 2026, with a CAGR of 27.31% during the forecast period 2021-2026.
The carbon neutral data center market is projected to grow from $3.46 billion in 2020 to $9.42 billion by 2025, at a CAGR of 22.17% from 2020 to 2025.
The virtual power plant market is expected to reach $4,502.5 million by 2024.
The LED lights market has undergone significant transformation in the last couple of years. The Energy Independence and Security Act (EISA) passed in 2007 led to a major change in the lighting industry as it replaced the outdated inefficient lighting technology.
The global building energy management systems market is expected to reach $9.32 billion by 2023. The increasing demand for reduction in energy consumption and greenhouse gas emissions along with concerns over climatic changes are some of the factors driving the overall market growth for this industry.
Global IoT in O&G market is anticipated to grow to $30.57 billion by 2026. It is expected to be mainly driven by shortage of skilled labor, increasing number of cyber-attacks, aging infrastructure, and need to increase operational efficiency, which will act as key drivers for the growth of this market.
The scope of this report is focused towards global heating, ventilation and air conditioning (HVAC) market. The study includes the analysis of HVAC products, in addition to the market study of the HVAC industry across different geographies.
The global HVAC-R market was valued at $193.6 billion in 2021 and is projected to reach $257.9 billion in 2027, following a CAGR of 5% during the forecast period 2022-2027.
The global data center cooling market accounted for $17.82 billion in 2021 and is expected to grow at a CAGR of 16.99% and reach $44.52 billion by 2027.
The global data center liquid cooling market was valued at $2.79 billion in 2021, which is expected to grow with a CAGR of 27.67% and reach $11.84 billion by 2027.
Energy & Power
Energy and Power Market & Industry Overview
The energy and power industry encompasses the production, distribution, and utilization of various energy sources to meet global energy demand. This includes fossil fuels like coal, oil, and natural gas, as well as renewable energy sources such as solar, wind, hydro, and biomass. Industry plays a crucial role in powering economies, supporting infrastructure, and enabling technological advancements. Key trends in the industry include the shift towards cleaner and more sustainable energy sources, increased focus on energy efficiency, and the integration of smart grid technologies. Major players in the industry include oil and gas companies, renewable energy developers, and utility companies. The energy and power industry faces challenges such as environmental concerns, regulatory frameworks, and the need for modernizing aging infrastructure. However, it also presents significant opportunities for innovation, investment, and job creation. Overall, the energy and power industry is transforming as the world transitions towards a more sustainable and diversified energy mix.
BIS Research explores the overall energy and power industry by segregating it into 3 main segments.
Building & Home Automation
Digital technologies are expected to develop connected homes. By combining edge computing and IoT, buildings, HVAC systems, and lighting systems (including street lighting) can now become smart in terms of energy efficiency, and remote maintenance. BIS Research focuses on providing market intelligence and key insights on digital, energy efficient and automation technologies impacting the energy and power industry.
Clean & Renewable Energy
Renewable energy sources are in abundance, for example, hydro and solar energy. These resources can be efficiently harnessed to meet the increasing demand for energy. Almost every nation aims to become self-sustained and energy independent, renewable energy can cater increased demands and replace carbon intensive energy production practices. BIS Research understands the pursuit of sustainable energy production practices and is keen on providing insights and analysis on the entire renewable energy vertical.
Smart Energy
Energy in usable form must be managed efficiently. This includes efficient generation, storage, and distribution. Digital technologies allow energy utilities to smartly manage energy operations, allowing them to increase efficiency through data intelligence and remote control. Technologies such as AI ML, IOT, and digital twin along with data analytics and edge computing applications can improve energy supply and distribution operations. BIS Research focuses on providing key insights on these smart energy initiatives and markets.
Hundreds of businesses from this industry have trusted BIS Research’s insight reports to make those important decisions and grow in the market. From a geographical perspective, we are witnessing early adoption of deep technologies in the Energy and Power market in the following countries: USA, Germany, Netherlands, Japan, Canada, Switzerland, UK, France, South Korea amongst many more.
Our customer base expands across several sections including small enterprises, medium-scale operations, Fortune 50 companies, as well as government organizations, venture capitalists and deemed universities.
The future of the energy and power industry is expected to be entirely technology-based, with autonomy and automation improving the efficiency of various activities. BIS Research is keeping a close watch on the latest market developments. In case you do not find a report of your choice in the list above, please feel free to contact us so that we can look at customizing one for you.
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