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Power Industry Top 20 Themes Predictions for 2022 - Thematic Research

Publisher GlobalData
Published Mar 01, 2022
Length 53 Pages
SKU # GBDT17165919

Description

Power Industry Top 20 Themes Predictions for 2022 - Thematic Research

Summary

We classify our top 20 themes for 2022 into three groups. The major technology themes impacting the power sector in 2022 will be: artificial intelligence (AI), big data, blockchain, cybersecurity, cloud computing, the Internet of Things (IoT), virtual and augmented reality (VR and AR), robotics, electric vehicles (EVs), and smart grid.

The major macroeconomic themes impacting the power sector in 2022 will be: COVID-19, China impact, and environmental, social, and governance (ESG).

The major industry themes impacting the power sector in 2022 will be carbon emissions, renewable energy, energy transition, distributed generation, hydrogen, energy storage, and predictive maintenance.

Scope
  • This report covers the top 20 themes that would impact the power industry in 2022. For each theme, the report gives a series of predictions, highlight the leaders and laggards, and point you to further reading.
Reasons to Buy
  • Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. Given that so many themes are disruptive, it is very easy to be blindsided by industry outsiders who invade your sector.
  • This report is a multi-theme report covering 20 themes, drawn from industry, technology, and macroeconomics. It depicts a short-term outlook for the industry from the perspective of these 20 themes.

Table of Contents

53 Pages
  • Executive Summary
    • Viewing the world's data by theme helps you make important decisions
    • AI as a growth driver for power utilities
    • AI to resolve the challenge of data and energy management.
    • Utilities to use AI to streamline processes
    • Increased use of AI for boosting customer care operations in 2022
    • Winners and losers
    • Further reading
    • Increasing use of big data to enhance customer service
    • 5G adoption will revolutionize handling of big data by utilities
    • Increased adoption of predictive maintenance models
    • Big data usage in next-generation mobility
    • Winners
    • Further reading
    • Blockchain technology is moving from the pilot phase to the mainstream
    • Wholesale trading of electricity will increase the use of blockchain-based platforms.
    • Blockchain microgrid is still an emerging approach but is now being piloted
    • Winners
    • Further reading
    • Utilities will grapple with increasing threats
    • IoT devices will expose grids to increased cyber-attacks
    • The proliferation of smart devices will increase number of attack vectors in utilities
    • AI will find increased use in aiding security analysts stay ahead of threats.
    • Winners and losers
    • Further reading
    • Rapid cloud adoption in the power segment to continue in 2022
    • Cloud will help maintain infrastructure and support new technology
    • Winners and losers
    • Further reading
    • IoT will address the challenge of asset management:
    • The adoption of IoT will be incremental
    • IoT will enable to address the challenge of energy management
    • Winners and losers
    • Further reading
    • Power utilities will witness increased demand for virtual collaboration tools in 2022
    • VR is paving the way for enhanced safety and efficiency in the power industry
    • Rising AI presence and its use in AR and VR
    • Winners and losers
    • Further reading
    • COVID-19 is accelerating the deployment of robotic systems
    • With increasingly decentralized infrastructure model, robotics are here to stay
    • Increased safety and health benefits to power utility workers with robotic systems
    • Winners
    • Further reading
    • EV sales are predicted to surge in 2022
    • 2022 will see increased investment in EV charging space
    • Power utilities will collaborate with EV manufacturers
    • Winners and losers
    • Further reading
    • Electricity grids are getting smarter, distributed and digital
    • Smart grid investments are expected to rise in 2022
    • Smart and flexible grid will continue to promise resilient power at uncertain times
    • Winners
    • Further reading
    • Renewable energy share to increase despite the ongoing COVID- 19 pandemic
    • Supply chain ecosystem continues to make headway
    • Fall in energy prices unlikely in 2022
    • Winners
    • Further reading
    • Commodity prices on the rise affecting the solar PV sector
    • China will continue to a world leader in renewable energy investment
    • China is the biggest world market for semiconductors, auto parts, AV systems, and batteries
    • Winners
    • Further reading
    • COVID-19 escalates the importance of sustainable energy solutions globally
    • More companies to have net-zero targets
    • Moving away from coal use still a long way to go for coal dependent countries.
    • Winners and losers
    • Further reading
    • Continued focus on mitigating carbon emissions
    • Increasing impetus on companies to accurately report carbon emissions
    • Emphasis on decarbonizing the transportation sector
    • Winners
    • Further reading
    • Renewable energy growth is expected to rise in 2022
    • Jobs in renewable energy sector are expected to grow
    • Green hydrogen is the most sought-after application for renewable energy
    • Winners
    • Further reading
    • Major economies continue to pursue clean energy push
    • Regulatory and investor pressures will prompt course correction for companies
    • Power companies continue to advance energy transition projects
    • Winners
    • Further reading
    • Distributed generation will continue to rise
    • Microgrids in 2022 will make bigger moves in the power sector
    • Community microgrid projects showing opportunity for scale
    • Winners
    • Further reading
    • Industry betting big on GW-scale green hydrogen projects
    • Governments to play a critical role in realizing the hydrogen economy
    • Scaling Up Electrolysers
    • Winners
    • Further reading
    • The energy storage sector will witness a rapid growth worldwide
    • EVs and renewables to help propel ESS deployment.
    • Battery factories scaling up battery production
    • Winners
    • Technology advances will dictate maintenance strategy
    • Predictive maintenance will find increased use in the power segment in 2022
    • Predictive maintenance applications will be adopted in wind farms
    • Winners
    • Further reading
    • Glossary
    • GlobalData reports
    • Figure 22: Our five-step approach for generating a sector scorecard
  • About GlobalData
  • Contact Us

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