DUBAI, UAE, Jan. 29, 2024 /PRNewswire/ — As per the recent report released by Kings Research, the global Energy Security Market was worth USD 12.85 billion in 2022 and is anticipated to register a valuation of USD 29.78 billion by 2030, depicting a CAGR of 12.70% through the projection period of 2023-2030. Key drivers boosting the market growth include the burgeoning energy requirement, rising concerns about potential disruptions in energy supply caused by geopolitical tensions and climate change, and a growing reliance on interconnected energy networks.
Energy security entails the strategic assurance of a reliable, consistent, and economically viable supply of energy resources for a nation or region. The focus is on mitigating vulnerability to disruptions, covering diverse aspects such as physical infrastructure, energy resources, and regulatory frameworks. Understanding the importance of energy resilience, both governments and industries are heavily investing in technologies and methodologies aimed at reducing vulnerabilities in the energy sector.
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Trending Now: U.S. Leverages the Power of AI to Transform the Energy Security Sector
On October 31, 2023, the United States embraced the potential of artificial intelligence (AI) to revolutionize the energy sector. President Joe Biden signed an executive order stating that AI should be used responsibly, ensuring safety, security, and trustworthiness. The Department of Energy and its National Laboratories have been actively involved in the development of AI since the 1960s, devising cutting-edge tools and data science for open science and classified requirements. The order will establish new standards for AI safety and promote equality, innovation, and competition while protecting Americans’ privacy and jobs.
Prominent players in the global energy security market are prioritizing several business strategies, including partnerships, acquisitions, product innovations, mergers, and joint ventures to expand their product portfolio. For instance, in October 2021, Siemens launched Managed Detection and Response (MDR), an innovative industrial cybersecurity service, to cater specifically to the needs of small and medium-sized energy companies. Powered by Eos.ii, an AI-based platform, this service offers robust protection and response capabilities to safeguard critical infrastructure from cyber threats in the industrial sector.
Major players in the global energy security market include:
SiemensSchneider ElectricHoneywell International Inc.General ElectricThalesHexagon ABRTXABBLockheed Martin CorporationNorthrop GrummanBAE SystemsInquire Before Buying This Report: https://www.kingsresearch.com/enquiry/energy-security-market-300
The global Energy Security Market is segmented as:
SolutionServicesGrowing Focus on Improving and Modernizing Energy Infrastructure to Boost Demand for Energy Security Solutions
The solution segment dominated the market in 2022 largely attributable to the emphasis of energy security solutions on improving and modernizing the energy infrastructure.
The solution segment encompasses a diverse range of offerings, such as smart grid technologies, which play a vital role in enhancing energy distribution efficiency, minimizing losses, and bolstering the resilience of the energy grid. Businesses that invest in these advanced solutions can effectively address the challenges associated with energy security and contribute to the establishment of a dependable and sustainable energy system.
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Physical SecurityNetwork SecurityIncreasing Digitization and Interconnectivity to Facilitate the Use of Network Security Technology
The network security segment led the market in 2022 primarily due to the rising digitization and interconnectivity of energy infrastructure, which, in turn, has led to an increased demand for energy security and emerging cybersecurity risks. With the energy sector becoming increasingly reliant on networked systems, the potential for cyberattacks targeting critical infrastructure has risen significantly.
Vulnerabilities in network security can expose energy systems to unauthorized access, data breaches, and disruptive incidents, thereby posing substantial risks to energy security. As a result, there is a rising need to prioritize and invest in robust network security measures to safeguard the integrity and resilience of energy networks.
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Widespread Adoption of Advanced Technologies to Fuel Energy Security Market Growth
The rapid adoption of advanced technologies, such as smart grids, microgrids, and energy storage solutions, and renewable energy sources is significantly driving the growth of the market. The trend of integrating renewable energy sources and distributed energy systems into existing grids aligns with global initiatives to reduce greenhouse gas emissions. This trend is likely to propel the growth of solar and wind power, energy storage solutions, and smart grids, thereby supporting market expansion.
Another major factor driving market growth includes the emphasis on enhancing grid resilience through the implementation of advanced monitoring and control systems, leveraging technologies such as artificial intelligence (AI) and the Internet of Things (IoT). The implementation of stricter regulations is anticipated to provide lucrative opportunities for compliance-focused solutions. Furthermore, as electric vehicles (EVs) become widely adopted and EV charging infrastructure continues to develop, there will be an increased demand for electricity. This, in turn, will require upgrades to energy distribution systems, creating growth opportunities in the EV charging and energy management sectors.
North America to Lead Market Due to Rising Emphasis on Grid Modernization and Cybersecurity
North America dominated the global energy security market in 2022 mainly driven by several factors such as the region’s plentiful natural gas and oil resources, robust energy infrastructure, and a strong focus on grid modernization and cybersecurity.
The United States has been leading the way in implementing cutting-edge technologies to improve energy security. This includes the adoption of smart grids and microgrids, which play a crucial role in bolstering resilience against both natural disasters and cyber threats. In addition, North America’s dedication to expanding its energy portfolio by incorporating more renewable sources further strengthens its dominant position in the market.
For more information on the report, visit: https://www.kingsresearch.com/energy-security-market-300
Key Points from TOC:
Chapter 1 Introduction of the Global Energy Security Market 1.1 Market Definition1.2 Market Segmentation1.3 Research Timelines1.4 Limitations1.5 Assumptions
Chapter 2 Executive Summary
Chapter 3 Research Methodology3.1 Data Collection3.2 Subject Matter Expert Advice3.3 Quality Check3.4 Final Review3.5 Bottom-Up Approach3.6 Top-down Approach
Chapter 4 Global Energy Security Market Outlook4.1 Market Evolution4.2 Overview4.3 Market Dynamics4.4 Pricing Analysis4.5 Porter’s Five Forces Analysis4.6 Value Chain Analysis4.7 Macroeconomic Analysis
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Energy Security Market, By ComponentChapter 7 Global Energy Security Market, By TechnologyChapter 8 Global Energy Security Market, By Power PlantChapter 9 Global Energy Security Market, By GeographyChapter 10 North America Chapter 11 Europe Chapter 12 Asia Pacific Chapter 13 Middle East & Africa Chapter 14 Latin America
Chapter 15 Global Energy Security Market Competitive Landscape15.1 Overview15.2 Key Developments15.3 Key Strategic Developments15.4 Company Market Ranking15.5 Regional Footprint15.6 Industry Footprint
Chapter 16 Company Profiles16.1 Siemens16.1.1 Key Facts16.1.2 Financial Overview16.1.3 Component Benchmarking16.1.4 Recent Developments16.1.5 Winning Imperatives16.1.6 Current Focus & Strategies16.1.7 Threat from competition16.1.8 SWOT Analysis
16.2 Schneider Electric16.2.1 Key Facts16.2.2 Financial Overview16.2.3 Component Benchmarking16.2.4 Recent Developments16.2.5 Winning Imperatives16.2.6 Current Focus & Strategies16.2.7 Threat from competition16.2.8 SWOT Analysis
16.3 Thales16.3.1 Key Facts16.3.2 Financial Overview16.3.3 Component Benchmarking16.3.4 Recent Developments16.3.5 Winning Imperatives16.3.6 Current Focus & Strategies16.3.7 Threat from competition16.3.8 SWOT Analysis
16.4 Hexagon AB16.4.1 Key Facts16.4.2 Financial Overview16.4.3 Component Benchmarking16.4.4 Recent Developments16.4.5 Winning Imperatives16.4.6 Current Focus & Strategies16.4.7 Threat from competition16.4.8 SWOT Analysis
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Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
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ZTE set to bring brilliant 5G-A highlights to MWC 2024, unfolding the intelligent future
BARCELONA, Spain, Feb. 23, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of information and communication technology solutions, is proud to unveil the highlights of 5G-A during the Mobile World Congress 2024. This initiative aims to unlock the full potential of 5G technology and create infinite value.
Green Infrastructure Pursuing the Bit-Watt Perfect Curve
Industry’s first constant PA efficiency radio platform for optimal performanceThe latest radio platform achieves near-constant PA efficiency, ensuring optimal performance at all times. This enables 25-30 percentage points higher PA efficiency and 35% lower RRU power consumption than the industry average.
0 bit 0 watt with industry-first hibernationThe industry’s first hibernation technology has been deployed at scale across over 300,000 AAUs to reduce the power consumption of AAU to as low as 5 watts when there is no traffic. This technology has also been applied to RRU, helping achieve power consumption as low as 3 watts when there is no traffic. For small cells, hibernation enables 0 watts for pRRUs when there is no traffic, and the cell can be awakened in seconds when there are any attempts of service access.
5G-A B2C: Seamless 10Gbps+ Experiences
Uni-Radio enables site simplification with 10 times fewer radios The Uni-Radio (A+P) achieves extremely simplified integration of 7-bands into 1, with dual-band AAU, the industry’s unique 5-band UBR and FDD full-band antenna, achieving a reduction of radio units from 10 to 1.
Industry-unique 12TR RRU goes extremely green, enabling superior energy efficiencyThe industry-unique dual-band 12TR RRU evolves based on a new platform, achieving near-constant PA efficiency. This enables a 35% lower RRU power consumption than the industry average. With the industry’s first RF pooling, the 12TR RRU enables inter-sector output power sharing. For any given sector, 4*120W can be used as 4x160W, achieving higher power efficiency.
Industry’s highest integration FDD Massive MIMO pushes the 4G capacity envelope even furtherThe tri-band FDD Massive MIMO supports all RATs from 2G to 5G and NB-IoT with an impressive 640W output power in only 115L, achieving up to 6 times throughput improvement. Additionally, AI beamforming enhances FDD Massive MIMO performance by 30%, while the industry-unique beam-level DSS optimizes spectrum utilization, achieving an additional 10% data rate gain.
Industry’s largest bandwidth mmWave AAU empowers 5G-A 10Gbps+ experience The industry’s largest 1.6GHz bandwidth mmWave AAU enables single cell to achieve 28Gbps+ capacity, empowering 10Gbps+ experiences. It serves for diverse scenarios, including fixed wireless access (FWA), large-bandwidth mobile backhaul, and UHD live broadcasting, among others.
5G-A B2B: Network-Cloud Integration, Service Commissioning in One Hour
UniEngine: All-in-one-box private 5G solution for core productionsUniEngine realizes all-in-one integration of 5G core, 5G RAN, and simplified O&M, while providing powerful computing to enable effortless deployment of 3rd party applications. Enhanced deterministic capabilities of RAN offer much improved service guarantees. The simplified O&M significantly assists even less experienced enterprises in rolling out their private 5G networks and enables end-to-end service performance monitoring.
Indoor 5G-A CampSite creates new possibilities for TV broadcasting and VR entertainmentThe suitcase-sized CampSite is easy to deploy by one person. It integrates communication and computing, enabling 5G-A network setup within one hour. Additionally, with the inclusion of MiCell, the industry’s first mmWave distributed micro-cell and IF pooling solution, it achieves 2,500m2 coverage, providing up to 6Gbps downlink or 4Gbps uplink, with ultra-low latency of [email protected]% and high reliability. CampSite facilitates new use cases such as 5G-powered TV broadcasting, wireless large-scale and backpack-free VR entertainment, among others.
5G-A B2X: Boosting the New Economy
Ultra-reliable 5G-A network and edge-cloud integration realize cost-efficient V2X for smart transportationZTE deployed the first 5G-A based vehicle-road-cloud integrated V2X network, empowering autonomous driving and enhancing traffic efficiency. The ultra-reliable network and the edge-cloud at base-station achieve [email protected]% latency, enabling L4 autonomous driving for L2 vehicles at speeds of up to 60km/h.
5G-A NTN realizes universal connectivity through space-ground integrationZTE has developed the industry’s first NTN ground base station and completed the world’s first 5G IoT-NTN direct-to-cell trial over the S-band as well as the industry’s first maritime trial and NR-NTN lab and field trials. These efforts aim to provide capabilities for emergency communication, wide-area IoT, and internet services.
Ubiquitous Intelligence: Achieving All-Round High Efficiency
5G-A BBU, the integration of communication and computation for rich AI applications5G-A BBU achieves seamless integration of communication and computation capabilities. Leveraging its computation capability, base-station native AI enhances RAN intelligence, enabling highly efficient service guarantees to boost traffic, implement more precise power-saving strategies, and facilitate L4 autonomous network O&M. By opening the computation resource open to third parties, cost-efficient app deployment at the base station becomes possible, enriching the range of new applications.
AIGC empowered uSmartNet commercial used during a grand sports event in Asia Based on AIGC and digital twin technology, ZTE’s uSmartNet achieved the industry’s first smart games assurance during the event. This accomplishment resulted in zero major issue and zero major customer complaints, improving operational efficiency by 15% and reducing workload by 30%.
ABOUT ZTE:ZTE helps to connect the world with continuous innovation for a better future. The company provides innovative technologies and integrated solutions, and its portfolio spans all series of wireless, wireline, devices and professional telecommunications services. Serving over a quarter of the global population, ZTE is dedicated to creating a digital and intelligent ecosystem, and enabling connectivity and trust everywhere. ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges. www.zte.com.cn/global
FOLLOW US:Facebook www.facebook.com/ZTECorpTwitter www.twitter.com/ZTEPressLinkedIn www.linkedin.com/company/zteYouTube www.youtube.com/@ZTECorporation
MEDIA INQUIRIES:ZTE CorporationCommunicationsEmail: [email protected]
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MIAMI INVESTOR SUMMIT KICKS OFF TODAY WITH GLOBAL LEADERS DISCUSSING HUMANITY’S BIGGEST CHALLENGES
MIAMI, Feb. 23, 2024 /PRNewswire/ — Leading figures from finance, government, business, tech, and innovation are convening to deliberate on a range of pressing economic and public policy issues at FII PRIORITY Miami summit, a major global investor summit, held today and tomorrow at Miami’s Faena Forum.
The summit brings together investors from around the world gathered with CEOs of major global corporations and policy experts to seek workable impactful solution to issues such as the regulation of AI. This year’s theme, ‘On the Edge of a New Frontier,’ reflects the profound changes the world is experiencing as technology transforms society and economies.
Richard Attias, CEO of FII Institute, said,”Today’s conversations reflected a sense of urgency as the world grapples with what to do about AI, political uncertainty, and changes in the shape of the global economy. And we bring these conversations to Miami—the new America—so we can chart a steadfast course towards a prosperous future, fully equipped with the insights and knowledge we need, harnessing the power of collective work and thought.”
In his opening conversation, H.E. Yasir Al-Rumayyan, Public Investment Fund Governor and Future Investment Initiative (FII) Institute Chairman, underscored the role of AI and its key contribution to future economies, saying “Al is coming in a big way! The impact will be very positive as soon as we have regulations in place to monitor, control, and enable this technology. AI could increase global GDP by 14%.”
Michael Dell, Chairman and CEO of Dell Technologies, addressed the issue of AI regulation, and how CEOs can innovate through periods of extreme volatility and pivot towards future trends, adding “regulations will struggle to match the rapid pace of technological change and may be outdated within a year. We have to ensure that emerging technologies reflect humanity and our system of values and beliefs.”
The summit’s much anticipated roundtable of global CEOs, entitled the “Board of Changemakers,” discussed trends and economic outlook. Participating in this year’s roundtable were Pamela Liebman, President and CEO of The Corcoran Group; Pierre Beaudion, Chairman of the Board of Bombardier Inc; Jenny Johnson, President and CEO of Franklin Templeton; Marcello Claure, Founder and CEO of Claure Group; and Stephen A. Schwarzman, Co-Founder, Chairman & CEO of The Blackstone Group. The session underscored the impact of digitalization, particularly blockchain and AI, on future investments, advocating for regulation and ethical usage. The members of the board also highlighted AI’s massive role in increasing efficiency and how AI can be harnessed to resolve climate change issues.
Mike Pompeo, 70th Secretary of State of the United States and Executive Chairman of Impact Investments, addressed the economic consequences of conflict, saying: “in the economic sphere, the connectivity between the things happening geopolitically is now ever more closely tied to thinking about investments and capital flows. It is impossible to separate geopolitical risk from capital allocation.”
Conclave sessions were held for select senior participants to delve into the concerns relevant to their sectors with full transparency. For example, the conclave on AI convened many leading figures involved in the development of technologies, governance of AI, technology investment, and regulation, with a number of global initiatives on AI regulation presented
A special address by former Treasury Secretary Dr. Lawrence H. Summers, Charles W. Eliot University Professor & President Emeritus at Harvard University, and board member at OpenAI, highlighted economic and political contexts, including prospects for soft or hard economic landing, and likely outcomes of the US election. Dr. Summers was joined by Eric Schmidt, co-founder of Schmidt Fututes, who noted that AI is likely to double everyone’s productivity, underscoring the importance of AI regulation, he added “there are questions about what happens when computers start to make decisions.”
FII Institute’s Founding Partner is the Public Investment Fund of Saudi Arabia, which, alongside the Vision Partner, the Ministry of Investment of Saudi Arabia, and 26 international strategic partners are actively involved in the ongoing work of the institute. The FII Institute welcomed two new strategic partners at the summit: ACWA Power and Franklin Templeton. Speakers from strategic partners Franklin Templeton, GFH, HSBC, NEOM, ROSHN, Sanabil, Softbank, and State Street shared updates on their international projects relevant to the themes of the summit.
Notes to EditorFor media inquiries, please contact:Phone: +966 53 978 2030Email: [email protected]
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
The FII PRIORITY Miami summit continues conversations held in Hong Kong and Riyadh in Autumn 2023. It is part of an ongoing global program of summits held throughout the year, with upcoming summits in Rio de Janeiro in June and Asia later in the year.
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Securitas issues a MEUR 500 Eurobond
STOCKHOLM, Feb. 23, 2024 /PRNewswire/ — Securitas has today successfully closed a MEUR 500 bond in the Eurobond market with maturity in 2030. The coupon was 3.875 percent including a margin of 115 basis points.
The proceeds will mainly be used to refinance existing debt.
The joint lead managers were BofA Securities, CIC, Commerzbank, Danske Bank, DNB and UniCredit.
Investors: Micaela Sjökvist, Vice President, Investor Relations, +46 76 116 7443, [email protected]
The following files are available for download:
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