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PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1308054

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PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1308054

North American Power & Energy Outlook-2023

PAGES: 56 Pages
DELIVERY TIME: 1-2 business days
Web Access (Regional License)
USD 4950

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Future Growth Potential Driven by the Inflation Reduction Act and Clean Energy Deployment

2023 is looking to be another critical year for the North American energy transition journey. The Inflation Reduction Act has unlocked unprecedented growth opportunities for the United States, but developers, regulators, and other stakeholders must work hard to implement clean energy initiatives while addressing supply chain challenges, inflation, power security, and reliability issues.

This outlook study covers the regional growth environment, as well as what Frost & Sullivan feels should be expected from the sector in 2023, based on important trends noticed in the industry over the last two years and expected to continue through 2030. The deliverable investigates the investment opportunities accessible to North American industry participants by the different power generation sources, highlights future growth opportunities, and the strategic imperatives market participants need to consider capitalizing on growth opportunities.

The outlook offers a comprehensive overview of top Power and Energy trends in NA, in 2023: the crucial stage in America's energy transition, IRA leading a broader renewable upsurge in solar energy use, the rise of off-shore wind power, substantial deployment of battery energy storage (BES), the political push for scaling up production of heat pumps, the hydrogen economy, and so on.

Product Code: K895-27

Table of Contents

Analysis Highlights

  • The 2022 Power & Energy: Forecast vs. Actual
  • Top Predictions for 2023

Strategic Imperatives

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top 3 Strategic Imperatives on the Power & Energy Industry
  • Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Environment

  • Scope of Analysis

Power & Energy Trends-2023

  • North American Power & Energy Trends
  • Trend 1-The Industry Reaching a Crucial Stage in America's Energy Transition
  • Trend 2-The Acceleration of IRA's Investment in Solar PV
  • Trend 3-The Takeoff of Offshore Wind Power in the United States
  • Trend 4-Substantial Deployments of Battery Energy Storage (BES)
  • Trend 5-Political Push to Scale Up Production of HPs
  • Trend 6-The Rise of the Hydrogen Economy
  • Trend 7-Advancement in Electrification
  • Trend 8-Renewable Natural Gas (RNG) and Deep Decarbonization
  • Trend 9-The Momentum of Carbon-capture System (CCS) Development
  • Trend 10-Virtual Power Plants (VPP) to Help Balance the Grid
  • Trend 11-Nuclear Growth Potential to Produce Hydrogen
  • Trend 12-US's Interconnection Systems Being at Risk

Investment Trends-2023

  • Annual Investment Forecast
  • Installed Capacity Forecast by Fuel Type and Country
  • Annual Capacity Forecast by Fuel Type
  • Annual Investment by Country

Country Outlook-2023

  • Investment and Capacity Addition Forecast-US
  • Electricity Generation by Region-US
  • Investment and Capacity Additions Forecast Analysis-US
  • Investment and Capacity Addition Forecast-Canada
  • Investment and Capacity Additions Forecast Analysis-Canada

Growth Opportunity Universe

  • Growth Opportunity 1: New Business Models for Utilities and VPP Aggregators
  • Growth Opportunity 2: EaaS-A New Investment Opportunity
  • Growth Opportunity 3: Solar PV Plants for Green Hydrogen Production


  • Conclusions and Future Outlook

Next Steps

  • Your Next Steps
  • Why Frost, Why Now?
  • List of Exhibits
  • Legal Disclaimer
Have a question?

Jeroen Van Heghe

Manager - EMEA



Christine Sirois

Manager - Americas


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