Innovative Business Models Emerging from Digitalization in Generators, Global, 2020
Investment in digital technologies is booming across all industries, including power generation. This research aims to identify the generators industry’s current use and future decision-making trends toward digital transformation. A recent Frost & Sullivan study found that 99% of businesses are at a particular digital transformation stage. Technologies such as data accessibility and gathering, remote monitoring, and predictive maintenance are digital transformation examples impacting the generators industry. This report tracks the industry’s transformation and seeks to identify future opportunities to use digital technologies further. Frost & Sullivan is confident that digital solutions offer great promise for new business models, expanded access, improved outcomes and efficiency, and, ultimately, more significant value to all stakeholders.
The study predictions apply to the global generators market. Frost & Sullivan predicts digital transformation in the energy industry to evolve from an IT industry offering primarily billing systems and services paralleling the market's growing incorporation of advanced technologies, such as analytics, cybersecurity, and integrated energy efficiency solutions.
RESEARCH SCOPE
Understand the IT challenges generator manufacturers face today
Monitor digital transformation status in the generators market
Assess the current and future use of digital technologies
Evaluate factors that drive investments in digitalization
Gauge digitalization trends
One of the largest challenges in the generators industry is the continual need to provide customized solutions, sales, and services. With the power to improve the customer experience, the new technology adoption trend feeds directly into this pain point.
RESEARCH BENEFITS
Identify key business objectives and challenges in this industry
Discover growth opportunities to address the objectives and challenges; find technologies proven to reduce costs and generate revenue
Benchmark with the competition and other industry leaders
Learn new ways to improve the customer experience
Facilitate the digital transformation journey
The study predictions apply to the global generators market. Frost & Sullivan predicts digital transformation in the energy industry to evolve from an IT industry offering primarily billing systems and services paralleling the market's growing incorporation of advanced technologies, such as analytics, cybersecurity, and integrated energy efficiency solutions.
- Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative8™
- The Impact of the Top Three Strategic Imperatives on the Generators Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
- Growth Opportunity Analysis- Digitalization in Generators
- Growth Environment: Research Focus
- Growth Environment
- Growth Environment: Digitalization in Generators
- Growth Environment: What Cases Dictate the Need for Digitalization in Generators?
- Growth Environment: Supporting Technologies
- Growth Environment: Key Uses and Target Customers
- Growth Environment: Predictive Applications
- Growth Environment: Predictive maintenance and Remote Monitoring
- Growth Environment: Holistic Digital Solutions
- Growth Environment: In-house Control and Custom Analytics
- Growth Environment: Competitive Landscape-Aggreko PLC
- Growth Environment: Competitive Landscape-Caterpillar Inc
- Growth Environment: Competitive Landscape-Cummins Inc
- Growth Environment: Competitive Landscape-INNIO Jenbacher GmbH & Co OG
- Growth Environment: Competitive Landscape-Generac Power Systems, Inc
- Growth Environment: Competitive Landscape-Herc Holdings Inc
- Growth Environment: Competitive Landscape-Kohler Co
- Growth Environment: Competitive Landscape-MAN Energy Solutions SE
- Growth Environment: Competitive Landscape-United Rentals, Inc
- Growth Environment: Other Notable Market Participants
- Growth Environment: Addressable Installed Base
- Growth Drivers for Digital Services in Generators
- Growth Restraints for Digital Services in Generators
- Growth Environment: Revenue Forecast
- Growth Environment: Business Models
- Growth Environment: Roadmap for Digitalization in Generators
- Growth Opportunity Universe- Digitalization in Generators
- Growth Opportunity 1: IoT-as-a-service to Enable Actionable Intelligence for Generators, 2019
- Growth Opportunity 2: Omnichannel Services from Seamlessly Integrated Automated Systems Using AI and Analytics for Personalized Customer Experience, 2019
- Growth Opportunity 3: Digital Marketing for Transformed Selling Processes, 2019
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