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The world will need greatly increased energy supply in the future, especially cleanly-generated electricity. The world energy consumption is assumed to increase from currently 10 Gtoe/yr to 22 Gtoe/yr in 2050. Natural gas is abundant and increasingly traded over long distances, with supplies in several countries increasing due to technology enabling access to gas in shale beds. World Nuclear Association Harmony programme, sets a further goal for the nuclear industry. Nuclear power can help lift millions of people out of energy poverty while also combating climate change. Increasing fossil fuel prices have greatly improved the economics of nuclear power for electricity now. Gasification is also an increasingly significant trend. City fleets, long-haul trucking and inland marine vessels will be behind most of the growth in the use of natural gas as a transportation fuel.
Renewable sources are expected to gradually gain shares in primary energy consumption in all long-term scenarios, with new high-quality energy carriers ranging from electricity to liquid methanol replacing more traditional uses of renewables. Increasing adoption of smart grids is required. Solar photovoltaic (PV) has the highest increase of approximately 230 times between 2010 and 2050. The following are specific examples of next-generation solar power generation: Perovskite Solar Cells and Quantum Dot Solar Cells. Carbon Capture (utilisation) and Storage (CC(U)S) technologies are widely employed. Technological breakthroughs will be leading to more cost efficient hydrogen technologies (hydrogen fuel cell). Wind power promises to gain massive adoption in 25 years as advances in turbine blade designs will derive the maximum amount of energy.
Geothermal energy is expected to boom as scientists find a commercially viable way to tap energy deep beneath the Earth's crust. Space-based energy technologies, like harvesting hydrogen from the moon to power fuel cells on Earth, or orbiting solar arrays that absorb around-the-clock direct sunlight and beam the energy back down to stations on the ground remain firmly in the realm of science fiction for now. For instance, Solaren, a southern California-based start-up, has inked a deal to supply Pacific Gas and Electric with space-based solar power by the end of the decade. Power Electronics is enabling rapid growth and innovation. R&D activities are focused on replacing Si material in power devices with SiC, GaN, or other materials that demonstrate much higher performance.
Perhaps the most challenging environmental issue for the international community for the coming decades will be global warming. Governments must lead by providing a clear, stable and effective climate policy framework. Three main technological options for the future are renewable, nuclear, CO2 sequestration which is not widely competitive today. They also face very specific constraints, such as the intermittent nature of solar and wind power, the public acceptance of nuclear power. This applies to other technologies e.g: fuel cells, super-capacitors for storing electricity, superconductivity, and the exploitation of biological energy systems. The lack of adequate infrastructures is one important factor dampening the development of new technologies such as fuel cells. Liquid biofuels growth is constrained by relatively flat transportation energy use and blending limitations. Reducing dependence on oil and gas through diversification of fuels and their geographic sources and more efficient use of energy must be central to long-term policies aimed at enhancing energy security.
In particular, our market reports have been designed in the context of the opportunities and challenges related to energy & power research. Some of the latest Energy & Power Market Research reports include:
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At Stratistics Market Research, our reports on Energy & Power market focus on the niche products and services offered within Energy & Power Research industry. Our core experts in Energy & Power Market Research do publish various research reports and publications on rapid changes occurring in the field and enhance the performance of existing fuel and technologies with new functions. Finally, the future trends and prospects in the development of Energy & Power Research reports are highlighted.
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