Insights on Cloud Services Brokerage Market within the Technology Hardware, Storage & Peripherals Sector | Increasing Adoption of Cloud Computing to Emerge as a Key Driver | Technavio

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LONDON–(BUSINESS WIRE)–The global cloud services brokerage market is expected to grow at a CAGR of over 20% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.

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The increasing adoption of cloud computing is expected to fuel the growth of the global cloud services brokerage market during the forecast period. In addition, factors such as access to expertise and the low cost of cloud services are expected to contribute to the growth of the market.

Cloud Services Brokerage Market: COVID-19 Impact Analysis on Related Markets

Global Public Cloud Services Market 2020-2024

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Global Private Cloud Services Market 2020-2024

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Global Cloud Migration Services Market 2020-2024

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Cloud Services Brokerage Market: COVID-19 Impact Analysis on Parent Market

The global technology hardware, storage & peripherals market is the parent market of the cloud services brokerage market. Within its scope, the technology hardware, storage & peripherals market covers manufacturers of cellular phones, personal computers, servers, electronic computer components, and peripherals. It also includes data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. Our report on the cloud services brokerage market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including Accenture, ActivePlatform, Capgemini, Cognizant, and IBM.

Technavio’s research report on the cloud services brokerage market identifies the key drivers, trends, challenges, and the market scenario

How California Wildfires Are Driving Energy Storage Beyond Lithium-Ion

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California needs batteries. When California is on fire, it needs batteries that can keep a home, a hospital, a fire station, a senior center running longer than the four-hour standard of lithium-ion.

“What’s happened that’s brought this to bear has been the wildfires and the contingency issues we have in the PSPS (public-safety power shut-off) events,” said Mike Gravely, research program manager for the California Energy Commission.

“In November of last year over two million resident people in California were impacted by wildfire PSPS events” in which utilities shut down portions of the grid to prevent equipment from sparking fires during flammable conditions. “The average short outage was 11 hours, and some of it went as high as three to five days.”

During those outages, senior centers and hospitals have relied on diesel generators to supply electricity for critical-care equipment, but during wildfires, diesel fuel can also be hard to come by.

The likely answer is microgrids.

“Microgrids are a big topic,” Gravely said in a webinar hosted by the Clean Energy States Alliance, “and energy storage is a key element of all micro grids.”

What California needs has outsized significance in the energy-storage industry. The state expects to install 2,400 megawatts of energy storage in the next two years, a market-driving number that is, even so, a mere fraction of the 20,000 to 30,000 MW Gravely expects the state to need by 2045.

Lithium-ion’s seeming limitation

Lidar study suggests carbon storage losses greater than thought in Amazon due to losses at edge of forests

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LiDAR study suggests carbon storage losses greater than thought in Amazon due to losses at edge of forests
Graphic summary of the main results found in the work. Credit: Celso H. L. Silva Junior

An international team of researchers has found that carbon sequestering losses in the Amazon basin have been undermeasured due to omission of data representing losses at the edges of forests. In their paper published in the journal Science Advances, the group describes using lidar to estimate the carbon sequestering abilities of trees along the edges of Amazon forests.


Prior research has shown that when part of a forest in the Amazon basin is cut down, the trees that remain at the edges of the forest are not as robust as those that are situated farther in. This is because they are more exposed to pollution, pesticides, herbicides, etc. In this new effort, the researchers noticed that the reduced sequestering abilities of such trees are not included in studies of carbon sequestering losses in the Amazon basin when deforestation occurs. They suspected such losses are greater than previously thought, as evidenced by large amounts of fragmenting in the Amazon—where forest patches are surrounded by farmlands, much edging occurs.

To find out how much carbon sequestering loss has been occurring in the Amazon, the researchers flew multiple missions above the canopy edges in airplanes with lidar guns aimed downward. The technology is able to determine how healthy trees are by measuring their greenness, and thus how much carbon they are able to absorb. Back on the ground, they fed the data from the lidar guns to software applications with data describing the amount of edge forest in the Amazon basin. The software used the data from the lidar to calculate the degree of the area’s sequestering loss in total over the years 2000 to 2015—947 million tons of carbon. The researchers note that this amount

Does Tesla’s Battery Day Mean Energy Storage Manufacturers Must Become Miners?

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The world is electrifying at a rapid pace and the mining industry seems to be becoming a quiet but key player in the electrification process. Tesla’s
TSLA
recent ‘Battery Day’ announcements only highlight the incredible challenges facing the electricity storage market, and raise significant questions about how the market will evolve.

We know that demand for energy storage is surging to meet increasing demand for renewable energy and electrified transport. According to Maria Xylia at Sweco Sweden, only 3% of global capacity can be currently stored and energy demand itself is expected to increase over 50% to 2050. Storage is a fundamental necessity for the integration of renewables into a smoothly running and efficient energy system, and it needs to be cost-effective, high performance and safe.

As Dr. Young-hye Na, Manager, Materials Innovations for Next-Gen Batteries, IBM Research says, “Enabling better battery energy storage will be key to a successful energy transition to renewables and net-zero carbon emissions. While lithium-ion batteries have advanced significantly by cutting cost and improving energy density for the last decade, it is still too expensive to be widely adopted for EV and renewable applications, and heavy metals that are needed to make these batteries – ex. cobalt and nickel – have brought environmental concerns associated with their invasive and energy intensive mining.”

Tesla’s ‘Battery Day’ left experts somewhat puzzled. There had been high expectations of breakthrough announcements but the company laid out future plans for building its own batteries and its own supply chain, and for massively ramping up production to 2030. The company announced a new cell design which could cut battery costs in half but it’s yet ready. It can take up to ten years for a battery to move from the lab to commercial production. For an audience expecting significant change, it

Guidehouse Insights Report Shows Asia Pacific Is Expected to Be the Largest Market for New Utility-Scale Energy Storage Capacity through 2029 – Press Release

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BOULDER, Colo.–(Business Wire)–A new report from Guidehouse Insights examines new utility-scale energy storage (UES) projects in terms of power capacity (MW), energy capacity (MWh), and project deployment revenue, through 2029.

UES is now considered a key component of new power system planning efforts in countries around the world. This represents a major shift from just 2 years ago when the technology was still largely considered too expensive or complex for integration into energy markets. Click to tweet: According to a new report from @WeAreGHInsights, through 2029, Asia Pacific is expected to be the largest market overall with a cumulative 60,747.4 MW of new UES capacity, representing a compound annual growth rate of 39.4%.

“UES is a multifaceted technology capable of providing a range of grid services and improving overall power system efficiency,” says Pritil Gunjan, senior research analyst with Guidehouse Insights. “Although the technology can provide operational cost savings for any power system, the single most important driver for the market’s growth is the increasing penetration of variable renewable power generation, notably solar and wind.”

According to the report, falling battery prices have made UES projects cost-competitive with fossil fuel generation and other technologies for numerous applications including peak generation capacity and frequency regulation. However, the most substantial shift has been the improving economics of combined solar-plus-storage projects which are now cheaper than natural gas generation in many countries and account for a large and growing portion of the global UES market.

The report, Market Data: Utility-Scale Energy Storage Market Update, report provides global forecasts for annual deployments of new UES projects in terms of power capacity (MW), energy capacity (MWh), and project deployment revenue. These forecasts are then segmented by global region, technology, and the application or services that the system provides. Additional insight is provided through