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Power

US tariffs to complicate renewable energy transition across Americas, says GlobalData

The Donald Trump administration’s implementation of reciprocal tariffs is particularly evident in sectors deemed critical to national interests, such as energy, where maintaining stable supply chains is essential. As the US tariff landscape continues to evolve, the implications for energy markets across the Americas are profound. Designed to bolster domestic manufacturing and reduce reliance on […]
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Global solar PV modules and inverters market to reach $115.8 billion by 2030, forecasts GlobalData

The global solar PV modules and inverters market is forecast to reach $115.8 billion by 2030, largely driven by the Asia-Pacific (APAC) region with its strong policy initiatives, ambitious renewable energy targets, large-scale investments, rapid urbanization, declining technology costs, and expanding solar manufacturing and innovation in major economies, according to  GlobalData, a leading data and […]
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Spain renewable power capacity to reach 218.1GW in 2035, forecasts GlobalData

Spain is reinforcing its clean energy transition with ambitious targets for solar, wind, and hydrogen, backed by strong EU alignment and national reforms. The country aims to achieve 81% renewable electricity generation by 2030 and carbon neutrality by 2050 under its updated National Energy and Climate Plan (PNIEC). Against this backdrop, Spain’s cumulative renewable capacity […]
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Germany renewable power capacity to reach 509.9GW in 2035, forecasts GlobalData

Germany is accelerating its clean energy transition with ambitious targets for renewables, hydrogen, and LNG diversification, underpinned by robust federal policies. The country has officially phased out nuclear power as of 2023 and is committed to phasing out coal-fired generation by 2038, with discussions underway to advance the deadline to 2030. Against this backdrop, Germany’s […]
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Canada renewable power capacity to reach 70.9GW in 2035, forecasts GlobalData

Canada is advancing its clean energy transition with a strong focus on hydropower, wind, and solar, supported by federal and provincial policies aimed at achieving a net-zero electricity grid by 2050. The country has committed to phasing out coal-fired power by 2030, while accelerating deployment of non-emitting sources such as hydropower, nuclear, and renewables. Against […]
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Smart grid demand to drive transmission investment to $573.7 billion by 2030, forecasts GlobalData

Growth in transmission infrastructure investment is accelerating to meet the rising smart grid demand, with the power transmission market expected to expand strongly through the 2030s. This growth is being driven by government initiatives, renewable energy integration, the need for greater grid resilience and efficiency, and adoption of technologies like smart meters, artificial intelligence (AI), […]
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Global HVDC converter stations market to record aggregate value of $75.34 billion during 2025-30, forecasts GlobalData

The global high-voltage direct current (HVDC) converter stations market is undergoing significant growth, propelled by the escalating demand for electricity, advancements in smart grid technology, and substantial investments in power infrastructure. With notable contributions from China, Germany, the US, India, the UK, South Korea, and Italy, the market is projected to reach an aggregate value […]
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Italy poised to increase renewables’ share in power generation mix to over 55% by 2035, says GlobalData

Italy has been promoting the development of renewable energy through its principal energy strategies and policies, including the National Energy Strategy and the Integrated National Plan for Energy and Climate, while also emphasizing energy security. As a result, renewables are projected to overtake thermal power as the primary source of Italy’s electricity generation in 2030 […]
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Vietnam renewable power capacity to surpass 112GW by 2035, forecasts GlobalData

Vietnam generates a significant part of its electricity from coal- and gas-based thermal power plants, as well as a vast number of hydropower plants. To alleviate the climate change effects of thermal power generation, the government is turning towards renewable power generation sources. The Vietnamese power sector presents significant opportunities for renewable energy, with wind, […]
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Malaysia renewable power capacity to reach 30GW by 2035, forecasts GlobalData

Renewable energy sources have become increasingly pivotal in driving the transformation of Malaysia’s power sector. The nation is striving to diminish its reliance on fossil fuels and transition to a more sustainable energy mix. The Malaysian government has established ambitious objectives, aiming to augment the proportion of renewable energy to 40% of the total installed […]
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China’s electricity power consumption to grow at 6.3% CAGR during 2024-30, forecasts GlobalData

China’s electricity consumption continues to outpace its gross domestic product (GDP) growth, driven by a shift toward energy-intensive industries and the rapid electrification of transportation and digital infrastructure. The robust increase in electricity demand is progressively supported by clean energy. The country’s power consumption is forecast to reach 13,757TWh in 2030, registering a compound annual […]
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AI-driven predictive maintenance gaining traction in power industry, says GlobalData

Artificial intelligence (AI)-enabled predictive maintenance stands out as a key component in the pursuit of enhanced reliability and cost-effectiveness in the power industry. This advanced approach is revolutionizing operations in power plants by improving the predictability of equipment upkeep, optimizing the allocation of resources, and enhancing overall plant efficiency. It has the potential to decrease […]
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Argentina’s power capacity to increase to 61.8GW by 2035, forecasts GlobalData

Argentina has been grappling with significant power shortages in recent years, compelling the government to focus on augmenting the nation’s installed capacity. through the development of hydropower, nuclear power, and renewable energy. Against this backdrop, the cumulative power capacity of the country is forecast to reach 61.8GW in 2035, registering a compound annual growth rate […]
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