Industrial Electrification to Drive Global Enterprise Electricity Consumption to 14700 Terawatt-hour (TWh) by 2030, 57% of Which Within Asia
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Industry verticals will increasingly rely on the uninterrupted supply of high-quality electric energy to continuously operate their mission-critical processes, maximizing up-time and associated profitability. Damage to equipment caused by short power interruptions can be avoided through Uninterruptible Power Supply (UPS) systems, allowing for managed shutdowns and critical data saving. For more extended outages, Battery Energy Storage Systems (BESS) can provide longer autonomy, often in conjunction with on-site micro-grids generating energy from renewable sources and providing additional resilience through their inherent independence from public grids.
The following industries are smart energy leaders in terms of electrification and on-site power generation:
All major smart energy technology companies, including Siemens, GE, Hitachi, ABB, Honeywell, and Schneider Electric, are actively targeting industry verticals as part of new business expansion strategies over and beyond their legacy client base of energy utilities, hereby enabling enterprises and industries to embark on their own smart energy journey.
These findings are from ABI Research's Smart Energy for Enterprises and Industries application analysis report. This report is part of the company's Smart Energy for Enterprises and Industries research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
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ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
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