November 201719 The future of energy and utilities will focus on several key technology innovations that will boost industry operational efficiency and possibly change business models and competitive landscape. For example, advancements in waste heat recovery, enhanced oil recovery, and integrated gasification combined cycle (IGCC) are already driving development opportunities at various levels for modern energy providers and utilities. Borderless innovation would mean that industry participants need to understand and embrace the augmentation of distributed energy generation, microgrid, lithium battery, battery energy management system (BEMS), and fuel cells. Market ValueFrost & Sullivan forecast the following technologies' cumulative market size over the period of 2017 to 2020.Exhibit 1: Cumulative Market Size of Top Technologies for Energy and Utilities, 2017-2020Distributed Energy GenerationDistributed energy generation is currently dominated by distributed solar, diesel generator set (genset) and micro combined heat and power (CHP) units. By 2019, distributed solar will become the most dominant distributed energy generation solution given that the deployment of solar and storage-based microgrids in developing countries.Asia-Pacific will reap most benefits from the distributed energy resources in the next five years. China is leading in the adoption of distributed energy followed by Japan, South Korea, and India. The estimated revenue from distributed solar energy in China alone was approximately $21.5 billion in 2016.In addition, adoption of predictive analysis-based platforms is already underway to meet the peak load demands and minimize energy crunch. Globally, full fledge adoption of predictive analysis is likely post-2020.MicrogridMicrogrids are currently an important distributed generation solution that connects renewable energy with remote locations without central power infrastructure. Additionally, solutions like energy management platforms and control solutions will play a major role in microgrid efficiency. Developing and under-developed countries in the regions like Africa and South-East Asia have the best potential to adopt renewable-sources-based microgrids for electrification. CXO InsightsTop Technologies in Energy and Utilities in 2017BY MELVIN LEONG, ASSOCIATE DIRECTOR, ENERGY & ENVIRONMENT, FROST & SULLIVANTechnologyDistributed Energy GenerationMicrogridLithium BatteryBattery Energy ManagementFuel CellCumulative Market Size (2017-2020)$440B$170.6 B$50.0 B*$11.7 B$10.8 BOther Growth Matrix491.5 GW installed capacity in 201627% CAGRChina Is leader in lithium battery20.5% CAGRStationary fuel cell ­ 65% market shareMelvin Leong,Associate Director
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