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Managed services are making waves in the smart water meter marketMay 17, 2018Changing business models and 'as a Service' offerings will help drive over $0.5 billion of new smart meter data-related spending from water utilities before the end of 2023. New research from IHS Markit shows where the trend for managed services is heading in the water utility market.
Insights from ESACon 2018 – Energy storage in the United States is ready to fulfil its true potentialMay 16, 2018After attending the ESA Annual Conference 2018 (ESACon) in Boston and reflecting on recent trends, it is clear that the US energy storage market is shifting towards exploiting new applications and targeting new geographic areas anchored in the development of new policy and regulation. Overall, IHS Markit predicts that annual installations in the United States will grow by 90% in 2018.Subscribers Only
United States to quadruple installed base of residential battery energy storage from 2018 to 2022May 10, 2018Less than 200 megawatts (MW) of residential battery energy storage was installed in the United States prior to 2018. The installed base of residential energy storage is forecast to quadruple by 2022, as more than 850 megawatts (MW) is deployed in the market.
Global battery energy storage pipeline reaches record 10.4 GW in the first quarter of 2018April 16, 20182017 was a record year for deployment of grid-connected battery energy storage. The Asia-Pacific region exhibited the strongest growth, led by South Korea, Japan and Australia. The three largest markets in 2017, accounting for over half of all installations globally, were South Korea, the United States and Japan.
The tipping point approaches for SaaS in electric smart meteringApril 05, 2018Electric utilities are one of the leading industries in adoption of IoT, a trend set to only increase as the power of “Software as a Service” offerings are on the rise.
Highlights from Energy Thought Summit 2018April 03, 2018Energy and utility thought leaders come to the Energy Thought Summit (ETS) in Austin every March to share fresh stories, discuss successful technology deployments and work together to re-imagine the future of the utility industry. These were the highlights from the IHS Markit team.
Smart metering shows the way forwards for IoT adoptionMarch 15, 2018A paradox exists within the electric utility industry - vendors and utilities are uncertain about making clear decision for their ‘IoT strategy’, yet almost 900 million smart electricity meters will ship from 2016 to 2023. In reality, smart meters are IoT devices and electric utilities worldwide are some of the leading adopters of IoT technology in any industry.
Key Takeaways from World Smart Energy Week 2018 - The Japanese solar and energy storage market remains stable, but faces short-term challenges, as inward looking Japanese players are under increasing pressure from international rivalsMarch 14, 2018World Smart Energy Week – including PV Expo, Smart Grid Expo and Battery Expo – is the leading event in Japan for renewable energy and energy storage. The scale of the event provides a crucial overview of the respective industries and the current market status in Japan and Asia. Attending World Smart Energy Week in Tokyo, Japan, the IHS Markit Solar and Energy Storage analyst team has summarised the major learnings from the event.Subscribers Only
Highlights from the 2018 Utility Management ConferenceMarch 01, 2018Highlights and analysis from the American Water Works Association (AWWA) and Water Environment Federation (WEF) Utility Management Conference held in San Antonio, Texas from February 20th – 23rd. The IHS Markit Smart Utilities Infrastructure team attended to hear the latest developments in the industry and about the daily problems faced by modern water utility managers.
Software was the key focus at DistribuTECH 2018February 05, 2018The IHS Markit solar and energy storage team attended DistribuTECH 2018; key takeaways from the event include: - Utilities were the primary audience, and everyone wants to sell to them - Solar PV and energy storage hardware vendors were few and far between - DER vendors are either getting into software or developing strategic software partnerships - The landscape of software providers is not simple to follow - The market for commercial behind-the-meter storage has expanded rapidly while residential storage opportunities have been slow to emerge
Smart Grid Software and DERMS Steal the Show: Highlights from Distributech 2018January 31, 2018Distributech 2018 was held this year in San Antonio, Texas from January 23rd -25th, where IHS Markit analysts Camron Barati, David Green, and Thomas Frashier were on site across the three days to meet with thought leaders and cover the latest technology trends in utilities.
Global heat meter market will top $700 million in 2020January 04, 2018Heat meter shipments grew by over 150 thousand units in 2017, as the market showed strong growth over 2016. The latest analysis in the IHS Markit Heat Meters Report predicts this growth to continue as the market exceeds $700 million in revenues in 2020, with roughly $480 million coming from the Europe, Middle East and Africa market.
Global gas meter revenues to exceed $3 billion a year from 2021December 19, 2017The global gas meter market is forecast to maintain steady growth, with total meter shipments growing at 3.1% CAGR from 2016 to 2023. However, European mandates and the fast growing nature of communicating meter shipments in Asia will drive change in the market for the future, according to the new IHS Markit study.
Smart water meter market will surpass $2 billion globally in 2020December 12, 2017The global water meter market is forecast to radically grow in the coming decade as IoT technologies give rise to new smart meter markets in China, Southeast Asia, Europe, the Middle East and Africa. This insight pulls the latest news from the new IHS water meters study.
Stem, Green Charge and AMS lead US C&I energy storage supplier marketDecember 12, 2017Results from the IHS Markit supplier survey of the US behind-the-meter energy storage market.
Changes to the de-rating factor of energy storage systems will diminish the business case for short-duration systems in United Kingdom’s capacity marketDecember 06, 2017Following a recent consultation, the United Kingdom Department for Business, Energy and Industrial Strategy (BEIS) announced on 5th December 2017 that the de-rating for energy storage systems in capacity market auctions would be reduced by up to 80%.Subscribers Only
New York becomes the fourth US state to adopt an energy storage target, but final details will determine future impactDecember 05, 2017On 29th November 2017, New York Governor Andrew Cuomo signed into law bill A 6571, which makes New York the fourth state to adopt an energy storage target. This represents a further milestone for the energy storage industry in the United States, following the introduction of a non-binding target of 200 MW in Massachusetts in July.Subscribers Only
Is the concept of managed services ready to revolutionize the utility technology industry?October 19, 2017Utility technology vendor Itron held its annual customer week this October in Houston, with the theme of “New Frontiers”. The IHS Markit Smart Utilities team was present at IUW, looking to understand more about managed services and how companies envision the current marketplace and future rate of adoption.
European Utility Week 2017 – The many faces of digital transformationOctober 06, 2017Digital transformation was at the forefront of this year’s show, from smart metering and IoT communication networks, to advanced analytics and distribution grid automation. IHS Markit was there to pick out the latest developing trends.
Key Downstream PV Takeaways from Solar Power International: Pipeline Uncertainty in US and Key Latin American Markets in 2018 and BeyondSeptember 21, 2017A team of IHS Markit solar and storage analysts attended Solar Power International (SPI) in Las Vegas. The following are some key downstream PV takeaways from the show.Subscribers Only