Tag: Guidehouse

A new report from Guidehouse Insights reviews system and component price projections for four electrolyzer technology types, focusing on pricing specifics and providing capacity and revenue projections for major global regions for 2022-2031.

Water electrolysis for hydrogen production—especially green hydrogen that is produced entirely with renewable energy—is garnering renewed attention due to technological advances, a growing list of potential end-use applications for hydrogen, lower renewable electricity prices, a global push to decarbonize energy production and consumption, and a desire to help stabilize the power grid amid broader efforts toward electrification and the variability that comes with renewable supplies. According to a new report from Guidehouse Insights, global electrolyzer capacity is expected to grow at a compound annual growth rate of 78%, from 0.5 GW in 2022 to 84.7 GW in 2031.

“Alkaline and polymer electrolyte membrane electrolyzers are the only two technologies with noteworthy commercial presence in the global market,” says Peter Marrin, senior research analyst with Guidehouse Insights. “These two types will likely continue to dominate most regional markets for the next 5 years.”

Certain challenges still restrict green hydrogen’s full potential. Aspects of the supply and value chains of hydrogen production, including the parts and components that make up the electrolyzers themselves, remain technologically immature, logistically precarious, and prohibitively expensive. Other challenges include land and water use, underdeveloped government policies and incentives, and the need for further infrastructure for transport and storage.

The report, Price Modeling and Learning Curves for Electrolyzers, provides system and component price projections for four electrolyzer technology types: alkaline, polymer electrolyte membrane (PEM), solid oxide electrolyzer cells (SOEC), and anion exchange membrane (AEM). This report focuses primarily on the specifics of pricing for these four electrolyzer types, including capacity and revenue projections for major global regions for 2022-2031. An executive summary of the report is available for free download on the Guidehouse Insights website.

A new report from Guidehouse Insights analyzes the global market for digital twins used in the smart city context, analyzing emerging trends, drivers, and barriers, and providing market estimates for five global regions through 2031.

Digital twins, which are one-to-one digital recreations of real-world objects or systems, can help translate city data into solutions that improve urban livability. Common in the engineering and manufacturing worlds, city digital twins can render every street, building, tree, and fire hydrant into a photo-realistic digital model that can manage both live and historical data, allowing cities to project how change will affect the urban environment and how assets are performing in real time. According to a new report from Guidehouse Insights, annual municipal digital twin revenue is projected to grow to $2.5 billion by 2031, representing a compound annual growth rate (CAGR) of 25.2%.

“Due to the ability of digital twins to thoroughly monitor the present and simulate the future and digital twins’ relatively low cost, cities are beginning to make them a standard tool for urban planning and design,” says Grant Samms, research analyst with Guidehouse Insights. “Digital twins are proving useful for decarbonization and climate resilience efforts because they can guide energy efficiency efforts while modeling the impacts of climate-affected disasters.”

The primary barrier to adoption is expected to be the lack of knowledge of digital twins and their applications among municipal staff; however, this impediment will likely reduce as adoption grows and twins become more commonplace. There are also challenges surrounding insufficiently digitized municipal data and ensuring that data from a wide array of Internet of Things (IoT) devices owned by varying municipal departments is made available for digital twin use.

The report, Digital Twins for Smart Cities, analyzes the global market for digital twins used in the smart city context. The market projection provides an analysis of market issues, including emerging trends, drivers, and barriers for the deployment of these software. Global market estimates are included for five world regions, including breakouts by digital twin type, and extend through 2031. An executive summary of the report is available for free download on the Guidehouse Insights website.

A new report from Guidehouse Insights provides forecasts for the market potential for hydrogen storage technologies and includes all major global regions over a 10-year forecast period through 2030.

Sector-coupling, an avenue in which green hydrogen is an integral fuel for facilitating a transition to net zero, is gaining momentum. To satisfy this forecast hydrogen demand, scaling up infrastructure across generation, transmission, distribution, and storage is imperative. Due to inherent variability along the hydrogen supply-demand chain, hydrogen storage is critical to the development of the hydrogen economy. According to a new report from Guidehouse Insights, Europe is anticipated to remain the largest market globally for hydrogen storage technologies through 2028, when it is expected to be surpassed by North America.

“Although hydrogen storage is still a nascent market, it has significant growth potential,” says Shantanu Chakraborty, senior research analyst with Guidehouse Insights. “Hydrogen’s decarbonization potential, an increase in demand for reliable and flexible power, the possibility to reuse existing infrastructure and networks, and global government support are all drivers for hydrogen storage technologies.”

While strong growth is expected, there are certain barriers to progress. The most pressing issues facing the hydrogen storage market are high costs and institutional challenges associated with incentivizing technologies and enabling cross-policy alignment for infrastructure planning. The market also faces R&D challenges associated with individual storage technologies, according to the report.

The report, Hydrogen Storage Technologies Market, provides forecasts for the market potential for hydrogen storage technologies. The chief objective of this report is to determine the status of this emerging industry and the potential future growth of hydrogen technologies. All major global regions are included (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa), and the report examines a 10-year forecast period through 2030. The report also notes market drivers and barriers and technology trends in the hydrogen storage technologies space. An executive summary of the report is available for free download on the Guidehouse Insights website.

A new report from Guidehouse Insights examines the core of the virtual power plant (VPP) and transactive energy (TE) platforms and identifies potential revenue streams that could be created through the integration of both.

TE is a power or energy system in which economic- or market-based platforms are used to make decisions involving the generation, distribution, and consumption of power. The concepts of VPPs and TE are similar in that they place prosumers at the forefront of an emerging market for grid services delivered by distributed energy resources (DER). According to a new report from Guidehouse Insights, the transactive energy market will likely rely on virtual power plant digital platforms to support growth over the coming decade.

“The push toward decarbonization by customers and new digital market ecosystems are driving DER and VPP growth,” says Roberto Labastida, senior research analyst with Guidehouse Insights. “These trends in turn are providing a favorable environment for new TE players to enter the market and for existing providers to expand their base.”

Although VPP-based TE could bring many benefits to consumers and the grid, several barriers are slowing this growth. These barriers include regulatory inconsistencies, barriers to EV adoption, and customer behaviors, which may affect different regions and residential customer groups differently.

The report, Transactive Energy Applications for VPP Platforms, examines the core of the VPP and TE platforms and identifies potential revenue streams that could be created through the integration of both. The study analyzes market issues, including demand drivers and barriers, associated with the development of TE markets and business models. Global market forecasts, broken out by segment, technology, and region, extend through 2030. The report also examines the value streams related to TE and provides recommendations for DER owners, network utilities and suppliers, TE vendors, and other stakeholders exploring the emerging TE markets. An executive summary of the report is available for free download on the Guidehouse Insights website.