All Reports
1Q 2022

Climate Risk Analytics Overview

Energy and Utilities Applications of Long-Term Climate Risk Analytics Services

The frequency and severity of high damage weather events have increased in the past decade. While the loss of life associated with natural catastrophes has fallen by a factor of three, the same cannot be said of economic losses, which have outpaced disaster frequency, growing by a factor of seven. Long-term climate risk analytics (CRA) are intended to mitigate climate change-related losses by combining various data sources, both public and proprietary, to forecast the risk to physical assets at various time horizons and losses under multiple plausible scenarios.

While the improvement is likely to be less dramatic for assets, which are typically less amenable to evacuation than people, more informed investment decisions, hardening efforts, and disaster preparation efforts can combine to yield shorter downtimes, reduced damage, and less costly repairs. Energy and utilities providers are among those most exposed to climate-related losses given these industries’ substantial and distributed physical assets.

This Guidehouse Insights report provides an overview of five industry settings in which long-term CRA may provide substantial benefits. This report describes applications in electric utilities, telecommunications, natural gas distribution, midstream oil & gas, and upstream oil & gas. It also provides information on key players in the long-term CRA market with an emphasis on energy and utilities applications and forecasts the expected investment in each of these industrial segments by global region through 2031. The latest market trends in long-term CRA for energy and utilities applications are discussed, and potential applications for deployment are explored. This report concludes by providing detailed and actionable recommendations on how customers and vendors can address the fast changing market.

Pages 39
Tables | Charts | Figures 29
  • What are the primary applications of long-term climate risk analytics in energy and utilities?
  • What are the technological and market factors that differentiate vendors of long-term climate risk analytics?
  • What are the pros and cons of each technology?
  • What business needs are driving demand in the long-term climate risk analytics market?
  • Which regions and applications are the best near-term bets for attractive returns on investment?
  • What are the business models behind long-term climate risk analytics offerings in these markets?
  • O+G upstream and midstream companies
  • Utilities
  • Industry Associations
  • Risk Analytics Vendors
  • Insurers
  • Investor community

1. Executive Summary

1.1      Introduction

1.2      Market Drivers and Barriers

1.3      Global Market Outlook

2. Market Issues

2.1      Market Drivers

2.1.1     Regulatory and Investor Requirements

2.1.2     Social Pressure

2.1.3     Climate Risks: A Growing Threat

2.1.4     Competitive Advantage

2.2      Market Barriers

2.2.1     Vendor Scarcity

2.2.2     Regulatory Uncertainty

2.2.3     Unproven Value

3. Technology Issues

3.1      Sources of Data

3.2      Climate Expertise

3.3      Big Data Specialization

4. Key Industry Players

4.1      IBM

4.2      Rhodium Group

4.3      Jupiter Intelligence

4.4      Conning

4.5      SAS Institute

4.6      RiskSpan

4.7      Moody’s Analytics

4.8      Minerva Intelligence

4.9      CelsiusPro

5. Market Forecasts

5.1      Forecast Methodology

5.2      Global Outlook

5.3      Market Verticals by Region

6. Conclusions and Recommendations

7. Acronym and Abbreviation List

8. Table of Contents

9. Table of Charts and Figures

10. Scope of Study, Sources and Methodology, Notes

  • Billion-Dollar Natural Catastrophes in US by Number of Events: 1980-2020
  • Total CRA Market Revenue by Region, World Markets: 2022-2031
  • Natural Gas Distribution CRA Market Revenue by Region, World Markets: 2022-2031
  • Upstream Oil & Gas CRA Market Revenue by Region, World Markets: 2022-2031
  • Midstream Oil & Gas CRA Market Revenue by Region, World Markets: 2022-2031
  • Telecom CRA Market Revenue by Region, World Markets: 2022-2031
  • Electric Utilities CRA Market Revenue by Region, World Markets: 2022-2031
  • Total CRA Market Revenue by Vertical, World Markets: 2022-2031
  • CRA Market Revenue by Vertical, North America: 2022-2031
  • CRA Market Revenue by Vertical, Europe: 2022-2031
  • CRA Market Revenue by Vertical, Asia Pacific: 2022-2031
  • CRA Market Revenue by Vertical, Latin America: 2022-2031
  • CRA Market Revenue by Vertical, Middle East & Africa: 2022-2031
  • Climate Protest in Berlin, Germany: September 2021
  • Flood Risk Analytics Visualizatio
  • Total CRA Market Revenue by Region, World Markets: 2022-2031
  • Natural Gas Distribution CRA Market Revenue by Region, World Markets: 2022-2031
  • Upstream Oil & Gas CRA Market Revenue by Region, World Markets: 2022-2031
  • Midstream Oil & Gas CRA Market Revenue by Region, World Markets: 2022-2031
  • Telecom CRA Market Revenue by Region, World Markets: 2022-2031
  • Electric Utilities CRA Market Revenue by Region, World Markets: 2022-2031
  • Total CRA Market Revenue by Vertical, World Markets: 2022-2031
  • CRA Market Revenue by Vertical, North America: 2022-2031
  • CRA Market Revenue by Vertical, Europe: 2022-2031
  • CRA Market Revenue by Vertical, Asia Pacific: 2022-2031
  • CRA Market Revenue by Vertical, Latin America: 2022-2031
  • CRA Market Revenue by Vertical, Middle East & Africa: 2022-2031
  • Other Industry Participants
  • Notable Academic and Industry Research Participants
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