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GlobalData Articles
LEO satellites drive innovation, says GlobalData
Elon Musk's SpaceX recently introduced satellite Starlink Internet services in Indonesia, marking a significant advancement for global connectivity and investment prospects.
Apple bends to Right to Repair movement - says GlobalData
Following the announcement on 11th April 2024 that Apple will support repairs using used Apple parts, which will not compromise users' safety, security, or privacy, Anisha Bhatia, Senior Technology Analyst at GlobalData, a leading data and analytics company, has shared her insights:
ESG 2.0 decoding decarbonisation
As the landscape of environmental, social, and governance (ESG) considerations continues to evolve, it is essential for companies to stay ahead of the curve and adapt their strategies accordingly.
GlobalData analyses LNG demand
Royal Dutch Shell (Shell) dominated the global long-term LNG import contract volumes signed by key purchasing companies in 2022, with a contracted capacity of 6.7 million tonnes per annum (mtpa), according to GlobalData.
Renewable refinery capacity additions are gaining momentum
Renewable refinery fuels/drop-in fuels are gaining importance globally as they are relatively environmentally friendly when compared to crude oil-based refined fuels.
Metaverse data privacy issues will increase as more people use platforms
While the metaverse will make digital experiences more immersive, inclusive, and accessible, the platform will raise social concerns ranging from data privacy to other forms of online harm, and these will only continue unless explicitly addressed within the foundations, according to GlobalData.
AR to bridge the oil & gas industry’s skills gap
Analytics company GlobalData discuss their report into the industry's needs to capitalise on AR (augmented reality) to accelerate the training of a new generation of workers.
German EVs market must grow at a CAGR of 35%
Germany’s goal of putting 15 million battery electric vehicles (BEVs) on the road by 2030 is currently behind schedule.
Businesses believe COVID-19 spurred action on ESG issues
A survey by GlobalData has revealed that 67% of 1,500 ESG and CSR executives across all industries believe that the COVID-19 pandemic has increased focus and action on ESG issues.
Belgium on track to phase out nuclear power by 2025
Despite representing a significant 39% of Belgium’s generation mix in 2020, nuclear power is on track to be phased out by 2025, according to GlobaData.
Mexico policies continue to help dominate thermal power
Mexico was among the first countries globally to announce the phase out of coal power by 2030. However, the country has retracted from the plan and does not have any phase out policy presently. As a result, the coal power capacity in Mexico is likely to marginally decrease from 6.02 GW in 2020 to 5.67 GW in 2030. Despite this minor dip, the thermal power generation will continue to dominate till 2030, says GlobalData.
Croatia aim for 12% growth in renewable capacity
Croatia has adopted renewable auctions in a bid to increase the share of renewables in its power mix, according to GlobalData. These auctions are expected to help increase the country’s installed renewable power capacity (excluding hydropower) from 1 gigawatt in 2020 to 3.2 gigawatts in 2030, growing at a remarkable CAGR of 12%.
Hydrogen to become game changer in cleaner power
Hydrogen is likely to play a crucial role in clean energy transition in sectors such as transportation, buildings and power generation. Interest in the use of hydrogen technology is increasing in a range of niche transport market segments, besides other applications.
Renewable energy ambitions face new challenges
One sector that shows no sign of disappearing in the Middle East and Africa (MENA) region is renewables. While the supply chain for projects has been disrupted, and the commercial model for privately finance power plants has been upset, the region remains committed to diversifying is energy sources and lowering its costs through renewables, according to GlobalData.
Switzerland attempts to lift solar PV market
In the wake of the COVID-19 pandemic, the Swiss solar PV market is on the verge of experiencing a slump. To offset this threat and support the residential and commercial rooftop solar, Switzerland has offered to increase financial support through rebates by another $47m.
COVID-19 disrupts demand-supply of renewable equipment
The COVID-19 pandemic has altered market dynamics for renewables, impacting all stakeholders along the value chain. Demand-supply disruptions are at large and there will be a decrease in global investments in clean energy, risking the initiatives undertaken to mitigate long-term climate change, according to GlobalData.
COVID-19 threatens to hamper India’s solar energy plans
In India, around 2.3GW of solar plants were expected to be commissioned from June to August 2020. However, the delivery of these projects has been impacted by the coronavirus (COVID-19) pandemic, according to GlobalData.
Pandemic disrupts the global solar PV supply chain
The disruption caused by the coronavirus (COVID-19) pandemic on Chinese solar photovoltaic (PV) manufacturing companies has prompted a major jolt on the global solar PV supply chain. The resulting shortage of PV components is disrupting the industry at a global level, according to GlobalData.
Coronavirus consequences for the TMT industry
As the coronavirus forces the world into lockdown, there will be many consequences for the Tech, Media and Telecoms (TMT) industry. Some will fare relatively well in the short term, for example collaboration software vendors and cloud services providers.
Wearable technology is maturing, but is still out of the mainstream
Wearable technology is an emerging sub-market in the Internet of Things (IoT) theme, but is yet to establish itself in the IoT mainstream due to limited interoperability and underdeveloped self-contained functionalities, according to data and analytics company GlobalData.