Digital Lifescapes

The most consequential infrastructure decision an electric utility executive will make this decade has nothing to do with poles, wires, or substations; it's a software decision. The global power grid is undergoing a transformation so fundamental to future economic growth. It's become a total re-imagining of energy generation and optimal delivery. From a predictable, one-way system built around centralized generation, to a dynamic, bidirectional network that must simultaneously balance millions of decentralized inputs, while bracing for the twin pressures of climate volatility and surging demand. For C-suite leaders across energy, technology, and finance, this shift is no longer a horizon event. It is the operational reality of today, and the strategic battleground of the next decade. Grid Intelligence Market Development According to the latest market study by ABI Research, the core Grid Management software market is projected to reach $77.2 billion by 2035. That figure is a pro...

What was once a simple, unidirectional flow of electricity from centralized power plants to passive consumers is evolving into a complex, intelligent network where millions of distributed resources actively participate in grid operations. This transformation, powered by smart grid technologies, represents one of the most significant infrastructure shifts of our time. It promises to reshape how we generate, distribute, and consume energy. At its core, the smart grid represents far more than mere digitization of existing infrastructure.  This bi-directional capability is fundamental to understanding why smart grids are becoming the backbone of modern energy systems, facilitating everything from real-time demand response to the integration of renewable energy sources. Smart Grid Market Development By 2030, smart grid technologies are projected to cover nearly half of the global electrical grid, up dramatically from just 24 percent in 2025. This expansion is underpinned by explosive gr...

The time has come. The global transition to electric vehicles (EVs) is rapidly accelerating, propelled by government initiatives to reduce carbon emissions and mitigate climate change.  As concerns over the environmental impact of traditional internal combustion engine (ICE) vehicles mount, nations worldwide are implementing aggressive policies to spur the adoption of EVs and the deployment of vehicle battery charging infrastructure. According to the latest global market study by Juniper Research, this driving force of progressive government intervention is catalyzing EV transformation growth. Electric Vehicle Market Development Juniper analysts have reviewed the pivotal role government policies are playing in shaping the future of the EV market. They highlight the various incentives, subsidies, and mandates introduced by countries globally to encourage rapid EV adoption. One of the most striking findings from the Juniper Research study is the projected 194 percent growth in the to...

In an era defined by rapid technological advancements, the automobile sector has emerged as a vanguard of innovation, boldly steering into the digital technology era. And, this is just the beginning of an amazing digital transformation. Automobile manufacturers face the considerable challenge of transferring their legacy products to Electric Vehicles (EVs) while balancing the need to maintain revenue and profits to afford the switchover from internal combustion engines. Automobile Digitalization Market Development According to the latest worldwide market study by ABI Research, automobile manufacturers will have invested $83.3 billion in digital technologies in 2023, growing by a CAGR of 8.5 percent to surpass $188 billion in 2033. "The transfer to EVs is driving demand for software, as manufacturers need to design new vehicles and simulate the vehicles' performance. The new production lines will also need to be simulated before launch," said Michael Larner, research direc...

Government decarbonization targets are specific goals set to significantly reduce or eliminate carbon dioxide and other greenhouse gas emissions. These targets are a critical component of global efforts to combat current climate change risks. Governments establish these goals to mitigate the adverse effects of climate change by promoting the adoption of renewable energy sources, enhancing energy efficiency, and sustainable transportation. These targets typically involve setting a timeline with measurable milestones to track progress and ensure accountability toward a cleaner, healthier planet for future generations. Electric Vehicle Market Development With the growing government decarbonization targets, Electric Vehicle (EV) production will increase rapidly this decade. New EV adoption will require a corresponding growth in EV battery output. According to the latest worldwide market study by ABI Research, global EV battery output production will increase nearly six times to 2,585 GWh b...

Battery power management is a critical technology for the evolution of Electric Vehicles (EVs). It's the process of optimizing the use of battery energy to maximize the range and performance of an EV.  A Battery Management System (BMS) can monitor the battery's state of health and use a variety of algorithms to control the charging and discharging of the battery. BMSs can also help to improve the efficiency of the EV by reducing energy loss. Advanced BMS software could save automakers $18 billion annually in 2030, equivalent to $76 billion cumulatively from 2024. ABI Research finds that intelligent BMS software can reduce the size of EV batteries without reducing their range. This performance efficiency helps to cut the cost of manufacturing EVs, enabling automakers to mitigate the effects of limited battery production and achieve greater profitability. Battery Management System Market Development "OEMs are struggling with two competing issues: the demand from customers fo...

Climate change has already driven many CFOs and other senior executives to explore the most effective ways to ensure access to electricity that meets demand in the Global Networked Economy. Escalating energy prices pose a formidable obstacle to business leaders worldwide. During 2023, those prices will surge to a global $1.73 trillion enterprise spend on electricity consumption -- which considers the electrification acceleration of vehicle fleets and robots. As a result, the C-suite is now compelled to reassess their energy purchase agreements with utilities, contemplate installing renewable micro-grid systems, and prioritize energy efficiency. To do so, enterprises will invest $70 billion on smart energy solutions by 2030. Smart Energy Market Development In response, ABI Research has launched its Smart Energy for Enterprises and Industries research service to guide leaders on navigating the globally disrupted energy markets, achieving energy independence, and transitioning to renewabl...

During 2022, fuel prices increased very quickly, partly due to a number of macroeconomic reasons. In fact, the effects of the global COVID-19 pandemic are still impacting fuel prices, with many oil refineries having reduced capacity due to a prior fall in demand. Those significant events and other trends have created a demand for a growing variety of Electric Vehicles (EVs). While EVs have existed for decades, they really became a viable option for more consumers during the past five years. However, although EVs are suitable for some buyer needs, their usability is constrained by the current availability of battery charging infrastructure. EV Charging Market Development According to the latest worldwide market study by Juniper Research, revenue from electric vehicle charging will exceed $300 billion globally by 2027 -- that's up from $66 billion in 2023. Regardless, the Juniper analysis found that fragmentation in battery charging networks is restricting further EV adoption in some...