Petroleum Africa
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Tuesday, December 3, 2013
New predictions have been released by Frost & Sullivan based on a survey conducted with nearly 2,000 energy executives in over 40 countries. “Frost & Sullivan’s research team has used the findings to select and prioritize the subjects that are deemed to be poised for the greatest growth,” Frost & Sullivan Partner John Raspin said.
Urbanization and smart cities will drive the energy market, changing dynamics with a growing percentage of the global population living in cities and urban areas. The income of urban populations will increase, resulting in a larger middle class that is consuming more goods, resources, energy, and water; however, that increase will also see a rise in waste and pollution. F&S said that the increased waste and pollution would create a need for cleaner, more efficient energy and transportation. Alternative Energy Africa magazine reports that this could further drive the waste-to-energy field, particularly in Africa – just look at one of the most recent projects in Tunisia.
F&S also said that smart systems have been in place across the transmission & distribution (T&D) space and are now also moving into commercial and residential buildings. And the emergence of shale oil and gas is also changing the energy sector. Natural gas has replaced coal as the main fuel source for electricity in the US. China has abundant, though technically difficult to access, shale beds that, if tapped, could further increase the country’s economic clout on the global stage. Europe is looking at shale gas to increase domestic energy sources but also balancing that with environmental concerns.
“From an African point of view, the focus on micro-grids will increase to ensure that more people in rural and remote areas have access to power, albeit limited access,” noted Frost & Sullivan Consulting Manager for Energy and Power, Johan Muller. “The power source will typically be a small wind turbine, solar solution, distributed power, or a hybrid of the aforementioned. New business models that are unique when compared to the Western market system will need to be developed with a shift towards longer term financial gains, rather than immediate returns for investors.”
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