Visiongain’s analysis indicates that total spending on Global Energy Infrastructure Resilience Market will be $6,940 million in 2020 as the importance of selecting the most cost-efficient solutions that will make the power system more resilient becomes more significant than ever
24 March 2020
Visiongain has launched a new energy report Global Energy Infrastructure Resilience Market Report Forecasts 2020-2030: Forecasts & Analysis by Infrastructure Type (Petroleum, Natural Gas, Power, Renewable, Mining), by Power Infrastructure (Generation, Transmission, Distribution, Consumption), by Generation Type (Thermal, Nuclear, Hydropower, Solar, Wind, Other), Including Forecasts by Major Developed Countries and Developing Countries, Plus Profiles of Leading Companies in the Market.
The defining characteristic of climate-resilient infrastructure is that it is planned, designed, built and operated in a way that anticipates, prepares for, and adapts to changing climate conditions. It can also withstand, respond to, and recover rapidly from disruptions caused by these climate conditions. Ensuring climate resilience is a continual process throughout the life of the asset. Efforts to achieve climate resilience can be mutually reinforcing with efforts to increase resilience to natural hazards.
Climate-resilient infrastructure reduces, but may not fully eliminate, the risk of climate-related disruptions. The extent to which climate change translates into risks for infrastructure depends upon the interaction of changing climate hazards with exposure (the location of assets) and vulnerability. Climate risks to infrastructure can be reduced by locating assets in areas that are less exposed to climate hazards (e.g. avoiding new construction in flood plains), and by making the assets better able to cope with climate impacts when they materialize. The development of infrastructure should also consider the impacts on risk elsewhere: for example, the potential contribution to flood risk resulting from increases in paved surfaces.
Apart from these parameters, the need for ground-breaking changes in the grid networks globally can play a pivotal role in the market’s growth. The lead analyst of the report commented that "The attacks on the Abqaiq–Khurais oil processing facilities of Saudi Aramco, in September of 2019 and their dramatic impact in the global oil production, and therefore in the oil price stability, have highlighted the importance of risk management in energy infrastructure. Natural disasters are a major threat to power generation, transmission and distribution networks and as climate change affects the ecosystems, the investment in highly resilient infrastructure becomes more imminent than ever. Energy Infrastructure Resilience is starting to get more and more significant for actors in the energy industry and it is expected that in the upcoming decade, this submarket will grow substantially and will gather significant spending."
The 348-page report provides details of how spending on the infrastructure types, power infrastructure and power generation submarkets of the Energy Infrastructure Resilience market will evolve over the next 10 years, as well as providing extensive regional analysis and forecasting. A company’s chapter offers detailed analysis and outlooks for the leading Energy Infrastructure Resilience operators and leading Energy Infrastructure Resilience technology providers.
Notes for Editors
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