Power Predictions 2024 - Thematic Research
Description
Power Predictions 2024 - Thematic Research
Summary
In this report, we identify the top 20 themes that will impact the power sector in 2024. For each theme, we offer a series of predictions, identify winners and losers, and point you to further reading.
We classify our top themes for 2024 into four groups. The major technology themes impacting the power sector in 2024 will be artificial intelligence (AI), big data, blockchain, cloud, cybersecurity, digitalization, the Internet of Things (IoT), the metaverse, and robotics.
The major industry themes impacting the power sector in 2024 will be electric vehicles, energy storage, energy transition, hydrogen, nuclear, renewable energy, smart grid, carbon emissions, and distributed generation.
The major macroeconomic theme impacting the power sector in 2024 will be geopolitics.
The major environmental, social, and governance (ESG) theme impacting the power sector in 2024 will be ESG-environmental.
Scope
The report covers the top 20 themes that would impact the power industry in 2024.
It provides predictions with respect to technology theme, macroeconomic theme, industry theme, and ESG theme in the power sector.
The report covers the top themes that includes artificial intelligence, big data, blockchain, cloud, cybersecurity, digitalization, the internet of things, the metaverse, robotics, electric vehicles, energy storage, energy transition, hydrogen, nuclear, renewable energy, smart grid, carbon emissions, distributed generation, geopolitics, and ESG-environmental.
It provides an overview of deal trends, published patents and job trends for each theme.
The report identifies winners and losers with respect to themes of power predictions 2024.
It discusses about the impact and significance of each theme on power sector in the coming years.
Reasons to Buy
The report provides -
An overview of the top 20 themes that will impact the power sector in 2024.
Predictions about technology themes such as artificial intelligence, big data, blockchain, cloud, cybersecurity, digitalization, the internet of things, the metaverse, and robotics.
Power predictions on macroeconomic theme - geopolitics.
Predictions on industry themes such as electric vehicles, energy storage, energy transition, hydrogen, nuclear, renewable energy, smart grid, carbon emissions and distributed generation on power utilities.
Predictions on ESG theme - environmental.
Insight to thematic research ecosystem-an integrated global research platform for an easy-to-use framework to track all themes and its impact on the power sector.
An outlook on how each theme will make a significant impact on power utilities in terms of application and investment.
Table of Contents
58 Pages
- Executive Summary
- 2024 Theme Map
- Artificial Intelligence
- AI will help in remote power management
- AI will help prevent grid failures
- Generative AI will potentially impact the energy and utility industry
- Winners and losers
- Big Data
- Big data analytics will optimize the smart grid
- Big data will have diverse applications in the power industry
- Investments in big data will experience substantial growth
- Leading economies will boost big data technology adoption
- Winners
- Blockchain
- Blockchain will create next-gen energy trading platform
- Blockchain will play a key role in microgrids and virtual power plants
- Blockchain as a service will help sustainable growth
- Winners
- Further reading
- Cloud
- The cloud market will reach $1.2 trillion by 2026
- Cloud will address the energy transition challenge
- Cloud is a viable cybersecurity solution
- Cloud will address the challenge of an aging workforce
- Winners
- Further reading
- Cybersecurity
- The cybersecurity market will be $335 billion by 2026
- Increased need for skilled professionals to deal with cyberattacks
- Power utilities must include cybersecurity in business strategy
- Winners and losers
- Further reading
- Digitalization
- Power utilities will increasingly adopt digital solutions
- Power system digitalization is crucial to the energy transition
- Investment in digitalization will continue to increase
- Winners and losers
- Further reading
- Internet of Things
- IoT will protect renewable energy systems
- IoT will help in data analysis to monitor decarbonization
- The IoT market will grow in condition monitoring and smart meter application
- Winners and losers
- Further reading
- Metaverse
- The metaverse market will flourish in the coming years
- AR and VR are crucial technologies of the metaverse
- The metaverse will enhance power generation through virtual power plants
- Metaverse will advance operational excellence
- Winners
- Further reading
- Robotics
- The robotics market will surge
- AI will transform robotics in the power sector
- Robotics will play a crucial role in the energy transition
- Robotics will impact the future of work
- Winners
- Further reading
- Electric Vehicles
- The EV market will continue to expand
- The EV charging infrastructure market will flourish
- Electric vehicle growth will require gigafactory investment
- Winners and losers
- Further reading
- Energy Storage
- Battery storage power generation capacity will continue to grow
- Energy storage will accelerate the transition
- Energy storage will become a priority in the future
- China will lead the battery energy storage market
- Winners
- Further reading
- Energy Transition
- Renewable power will accelerate the energy transition
- Investment will continue to grow in energy transition technologies
- A timely critical mineral supply is essential for energy transition objectives
- Winners
- Further reading
- Hydrogen
- Green hydrogen will boost renewable production capacity
- Electrolyzers will play a key role in hydrogen production
- Polices will drive hydrogen adoption
- Winners and losers
- Further reading
- Nuclear
- Global nuclear energy capacity will be tripled
- Nuclear energy will contribute to emissions reduction
- New reactors are being planned worldwide
- Asian countries will lead nuclear power development
- Winners
- Further reading
- Renewable Energy
- Renewable power generation will continue to soar high
- Solar PV additions will continue in 2024
- Renewable energy jobs will continue to increase
- Winners and losers
- Further reading
- Smart Grid
- Digitalization in electricity grids will grow
- Grid modernization will boost transmission and distribution infrastructure
- Cybersecurity will gain traction in smart grids
- Winners and losers
- Further reading
- Carbon Emissions
- The renewable energy transition will expedite net zero targets
- CCUS will play a significant role in emission reduction
- Companies should avoid carbon offsets
- Winners and losers
- Further reading
- Distributed Generation
- Distributed generation will support decarbonization
- Investment in distributed generation will grow
- Distributed generation will benefit power utilities
- Microgrid demand will grow
- Winners and losers
- Further reading
- Geopolitics
- Geopolitics will influence energy supply dynamics
- Geopolitics outlook 2024
- The Ukraine-Russia conflict will continue to impact geopolitically
- Winners
- Further reading
- ESG-Environmental
- ESG 2.0 will mainly focus on the ‘environmental’ component
- ESG reporting will become mandatory
- Green industry policies will help towards decarbonization goals
- Winners and losers
- Further reading
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Glossary
- Table 2: GlobalData reports
- List of Figures
- Figure 1: Our 2024 theme map shows the biggest themes driving growth in the power sector
- Figure 2: Artificial Intelligence
- Figure 3: Big Data
- Figure 4: Blockchain
- Figure 5: Cloud
- Figure 6: Cybersecurity
- Figure 7: Digitalization
- Figure 8: Internet of Things
- Figure 9: Metaverse
- Figure 10: Robotics
- Figure 11: Electric Vehicles
- Figure 12: Energy Storage
- Figure 13: Energy Transition
- Figure 14 Hydrogen:
- Figure 15: Nuclear
- Figure 16: Renewable Energy
- Figure 17: Smart Grid
- Figure 18: Carbon Emissions
- Figure 19: Distributed Generation
- Figure 20: Geopolitics
- Figure 21: ESG-Environmental
- Figure 22: Our five-step approach for generating a sector scorecard
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