Alongside major trends such as carbon capture, hydrogen production and usage, and energy efficiency, the electrification of oil and gas (O&G) operations using renewable energy sources will be a major area of opportunity for decades to come.
Globally, governments are looking for solutions across sectors to mitigate climate change and support decarbonization, and the O&G industry holds the biggest opportunities. The route to decarbonization requires supportive regulatory frameworks that mandate energy efficiency and emission reduction measures across all sectors. To achieve a low-carbon future, significant economic investment in renewables; hydrogen; bioenergy; carbon capture, storage, and utilization (CCUS); and electrification are required.
Despite the significant potential to reduce carbon emissions, the electrification of O&G operations remains nascent. However, innovation among suppliers and supporting policies and regulatory frameworks from governments will boost adoption.
Most electrification technologies are commercially available, yet the high capital costs associated with replacing existing fossil fuel-based infrastructure, high electricity prices, lack of government incentives, and poor awareness are significant barriers to O&G electrification. But these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.
This Frost & Sullivan study explores electrification in the transition to decarbonization of upstream O&G operations. It examines the key enablers of electrification and opportunities segmented by renewable energy (wind and solar) technology and platform (onshore and offshore) type. A comprehensive analysis of existing electrification technologies across these sectors is included.
Key Issues Addressed
- What role will electrification play in the energy transition and decarbonization of O&G operations?
- What needs to happen in the O&G industry to enable large-scale electrification?
- What can O&G companies do to reduce their scope 2 emissions?
- What technological developments are needed to achieve this electric transition?
- What will be the most attractive growth opportunities?
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Oil & Gas (O&G) Electrification Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Value Chain
Key Competitors
Industrial Electrification Enablers
Electrification: An Introduction
Electrification: The Key Benefits
Electrification: Enabling the Growth of Hybrid Energy Systems
Carbon Emissions, Scope and Definitions
Carbon Emissions, Reduction Strategies
Global O&G Sector, Carbon Emissions
Global O&G Sector, Reported Scope 2 Carbon Emissions
Key Benefits of Upstream Oil & Gas Electrification
Ways to Electrify the Upstream O&G Sector
Oil & Gas Electrification Technologies
Key Strategies to Accelerate Oil & Gas Electrification
Oil & Gas Electrification: Development Roadmap
Growth Metrics
Growth Drivers
Growth Restraints
Competitive Environment
Revenue Share
Pillars for Oil & Gas Electrification
Solar Energy
Wind Energy
Energy Storage
Drilling Technologies
Forecast Assumptions
Capacity Forecast
Forecast Analysis
Oil & Gas Investments in Renewable Energy by Source
Oil & Gas Electrification: Focus on Solar Energy
Oil & Gas Electrification: Focus on Solar Energy (continued)
Oil & Gas Electrification: Focus on Solar Energy (continued)
Oil & Gas Electrification: Focus on Wind Energy
Oil & Gas Electrification: Focus on Wind Energy (continued)
Oil & Gas Electrification: Focus on Wind Energy (continued)
Investments in Renewable Energy by Type of Platform
Oil & Gas Electrification: Focus on Onshore Platforms
Oil & Gas Electrification: Focus on Onshore Platforms (continued)
Oil & Gas Electrification: Focus on Offshore Platforms
Oil & Gas Electrification: Focus on Offshore Platforms (continued)
Microgrid Technologies
Solar Lead Crystal Batteries
Floating Wind Turbines
Power from Shore
Highlights of Key Players
Highlights of Key Players (continued)
Growth Opportunity 1: Floating Solar Energy
Growth Opportunity 1: Floating Solar Energy (continued)
Growth Opportunity 2: Power Conversion Technologies
Growth Opportunity 2: Power Conversion Technologies (continued)
Growth Opportunity 3: Subsea Electrification
Growth Opportunity 3: Subsea Electrification (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Oil & Gas Electrification: Market Segmentation, Global, 2021
- Oil & Gas Electrification: Opportunity Value Chain, Global, 2021
- Oil & Gas Electrification: Carbon Emissions Scope and Definitions, Global, 2021
- Oil & Gas Electrification: Opportunities for Scope 2 Emissions Reduction, Global, 2021 2030
- Share of O&G Carbon Dioxide (CO2) Emissions, Global, 2021
- Share of Scope 2 CO2 Emissions in O&G Industry, Global, 2021
- Share of Scope 2 CO2 Emissions in Upstream O&G Industry, Global, 2021
- O&G Sector: Scope 2 Emissions by Major Supplier, Global, 2021
- Overview of Main Oilfield Electrification Technologies, Global, 2021
- Oil & Gas Electrification: Growth Metrics, Global, 2021
- Oil & Gas Electrification: Growth Drivers, Global, 2022 2030
- Oil & Gas Electrification: Growth Restraints, Global, 2022 2030
- Oil & Gas Electrification: Competitive Environment, Global, 2021
- Oil & Gas Electrification: Revenue Share of Top Participants, Global, 2021
- Oilfield Electrification: Needed Capacity and Actual Capacity Forecast, Global, 2022 2030
- Investments in Renewable Energy by Source, Global, 2021
- Trending Technologies in the Solar Energy Industry, Global, 2021
- Trending Technologies in the Wind Energy Industry, Global, 2021
- Investments in Wind Power by Platform, Global, 2021
- Investments in Solar Power by Platform, Global, 2021
- Trending Technologies to Enable Onshore O&G Electrification, Global, 2021
- Trending Technologies to Enable O&G Offshore Electrification, Global, 2021
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Alongside major trends such as carbon capture, hydrogen production and usage, and energy efficiency, the electrification of oil and gas (O&G) operations using renewable energy sources will be a major area of opportunity for decades to come.
Globally, governments are looking for solutions across sectors to mitigate climate change and support decarbonization, and the O&G industry holds the biggest opportunities. The route to decarbonization requires supportive regulatory frameworks that mandate energy efficiency and emission reduction measures across all sectors. To achieve a low-carbon future, significant economic investment in renewables; hydrogen; bioenergy; carbon capture, storage, and utilization (CCUS); and electrification are required.
Despite the significant potential to reduce carbon emissions, the electrification of O&G operations remains nascent. However, innovation among suppliers and supporting policies and regulatory frameworks from governments will boost adoption.
Most electrification technologies are commercially available, yet the high capital costs associated with replacing existing fossil fuel-based infrastructure, high electricity prices, lack of government incentives, and poor awareness are significant barriers to O&G electrification. But these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.
This Frost & Sullivan study explores electrification in the transition to decarbonization of upstream O&G operations. It examines the key enablers of electrification and opportunities segmented by renewable energy (wind and solar) technology and platform (onshore and offshore) type. A comprehensive analysis of existing electrification technologies across these sectors is included.--BEGIN PROMO--
Key Issues Addressed
- What role will electrification play in the energy transition and decarbonization of O&G operations
- What needs to happen in the O&G industry to enable large-scale electrification
- What can O&G companies do to reduce their scope 2 emissions
- What technological developments are needed to achieve this electric transition
- What will be the most attractive growth opportunities
| Deliverable Type | Market Research |
|---|---|
| Author | Agustina DeSarriera |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | Oil & Gas Electrification: Market Segmentation, Global, 2021~ Oil & Gas Electrification: Opportunity Value Chain, Global, 2021~ Oil & Gas Electrification: Carbon Emissions Scope and Definitions, Global, 2021~ Oil & Gas Electrification: Opportunities for Scope 2 Emissions Reduction, Global, 2021 2030~ Share of O&G Carbon Dioxide (CO2) Emissions, Global, 2021~ Share of Scope 2 CO2 Emissions in O&G Industry, Global, 2021~ Share of Scope 2 CO2 Emissions in Upstream O&G Industry, Global, 2021~ O&G Sector: Scope 2 Emissions by Major Supplier, Global, 2021~ Overview of Main Oilfield Electrification Technologies, Global, 2021~ Oil & Gas Electrification: Growth Metrics, Global, 2021~ Oil & Gas Electrification: Growth Drivers, Global, 2022 2030~ Oil & Gas Electrification: Growth Restraints, Global, 2022 2030~ Oil & Gas Electrification: Competitive Environment, Global, 2021~ Oil & Gas Electrification: Revenue Share of Top Participants, Global, 2021~ Oilfield Electrification: Needed Capacity and Actual Capacity Forecast, Global, 2022 2030~ Investments in Renewable Energy by Source, Global, 2021~ Trending Technologies in the Solar Energy Industry, Global, 2021~ Trending Technologies in the Wind Energy Industry, Global, 2021~ Investments in Wind Power by Platform, Global, 2021~ Investments in Solar Power by Platform, Global, 2021~ Trending Technologies to Enable Onshore O&G Electrification, Global, 2021~ Trending Technologies to Enable O&G Offshore Electrification, Global, 2021~ |
| Podcast | No |
| WIP Number | K7B8-01-00-00-00 |
Growth Opportunities for the Electrification of Oil & Gas Operations
Growth Opportunities for the Electrification of Oil & Gas Operations
Decarbonization and Net Zero Goals will Stimulate Renewable Energy Investment and Process Electrification
RELEASE DATE
03-Oct-2022
03-Oct-2022
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: K7B8-01-00-00-00
SKU: EG02267-GL-MT_26962
$2,450.00
Out of stock
SKU
EG02267-GL-MT_26962