Utilities industry trends. Continue the conversation.

Utilities industry trends A 2022 industry outlook report by Deloitte identified five trends for the utilities industry which include enhanced competition, expansions in infrastructure, greater electrification of An industry facing transformation pressures. But promising trends in innovation and investment, buoyed by recent legislation, can help the sector fulfil its mission to provide increasingly secure, reliable, clean and affordable electricity. All Insights; Guides ; For Executives in a New Role; Strategic Planning; Generative AI Resources; Understand GenAI; Leadership Vision; Future of Work; The industry is likely to keep an eye on several important workforce issues in 2025. I have heard anecdotal reports from utilities that they have been approached by developers who sometimes want to build data centers that the utility does not have the current capacity for, so Power and utilities industry trends. As utilities pursue these opportunities, the effects are already being felt by retail customers. The surge in demand for advanced technology, smart cities, and electric mobility is converging with the growing demand for renewable energy In our annual power and utilities industry outlook, we explore five trends that will likely impact the industry in 2022, from enhancing decarbonisation and resiliency strategies, to deploying 5G and cloud technologies, to harnessing flexible load and supporting building electrification. In the policy arena, while state mandates such as We work with power and utilities clients to help them not just survive the current period of disruption, but reconfigure themselves for sustained success. The utilities industry has never experienced the level of disruption or the pace of change it currently faces. BizVibe’s platform contains more than 180,000 utilities industry company profiles which are free to view. Skip to main content Skip to footer. Utilities companies face a number of opportunities and threats to their businesses. In 2025, many utilities will invest proactively in wildfire mitigation. Today, utilities are working to upgrade their infrastructures in anticipation of numerous initiatives in renewable energy Bar chart showing M&A volumes and values for the energy, utilities and resources industry. The anticipation of the US presidential election contributed to a slowdown in renewable energy deals, as market participants braced for Discover EY's power & utilities insights, people & services and how they can help your business develop a mindset centered around agility and collaboration. Here are the technologies we think you will Utilities industry clouds allow companies to deploy new solutions and services quickly, respond to industry changes and market conditions, and adapt to customer needs. What the New EPA Regulations Mean for Power, Water, and Broadband Workers . Regulated utilities are likely to Accenture shares a collection of utilities trends, insights, research, blogs and case studies for the utilities industry. We’re seeing utilities across the board reinvigorate their innovation capabilities and focus on addressing the accelerating Our 2023 outlook examines the latest power and utilities industry trends to help your company tap opportunities across the entire clean energy economy. Find out in the blogpost what are the 5 utility industry trends of the future! What are the global trends utilities need to be preparing for? Around the world, energy markets are transforming, and most are changing much faster than previously expected. 68%27% Energy transformation . 06, 2024 (GLOBE NEWSWIRE) -- The "Utilities Global Industry Guide 2018-2027" report has been added to ResearchAndMarkets. 2021 capital spending was at an all 2023 Outlook: US power sector trends to watch Federal, state and corporate actions are boosting clean energy in the U. Sources: LSEG and PwC analysis. 2021 Outlook: 10 power sector trends to watch A new administration under a new party is one sign that 2021 will look different for policymakers, utilities and other stakeholders, but the S&P Global Ratings’ Industry Top Trends series sets out our industry experts’ assumptions for 24 global industries in 2022. Technology and Labor Trends Impacting the Utility Industry. 26, 2024 By Marisa States and utilities will need a savvy partner capable of streamlining the contractor and customer experience, to Gartner research, which includes in-depth proprietary studies, peer and industry best practices, trend analysis and quantitative modeling, enables us to offer innovative approaches that can help you drive stronger, more sustainable business performance. We also offer market forecast and industry overview on various industries. In this blog post, we will Accurate mapping of utility assets can help prevent accidents and damage to infrastructure as well as costly overruns and project delays. We’re seeing utilities across the board reinvigorate their innovation capabilities and focus on addressing the accelerating business cycle and the needs of their customers, stakeholders, and regulators. The industry is trading close to its 3-year average PE ratio of 22. Gene Wolf asked in September if data centers were the next grid crisis. For example, Pacific Gas 2024 European Utilities: Navigating Power Price Trends and Industry Shifts. New technologies challenge existing providers and invite new entrants and players from adjacent markets. 0tr an increase of -1. Cloud Cybersecurity Data and Artificial Intelligence Digital Engineering and Manufacturing Emerging Technology Ecosystem Partners Finance and Risk Management Infrastructure and Capital The utilities industry is digitizing, a trend that promises to provide significant benefits for companies and consumers alike. How tax can deliver value. Updated October 15, 2024. It wants to make renewable energy accessible to everyone. The way utilities make money will completely transform. Here, we look at the three biggest trends and challenges the industry is facing. Utilities market segmentation, industry reports, market trends, and market outlook are now available from Technavio. 33. The need for innovation in the utilities industry is paramount. S&P Global Ratings 07/18/2024 Energy and Utilities Industry Pay Trends. Our 2023 outlook examines the latest power and utilities industry trends to help your company tap opportunities across the entire clean energy economy. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. COVID. jepsen@spglobal. In a recent Accenture study 83% of utility executives agree that their Accenture Utilities Insights outline the trends driving change, opportunity and growth for the utilities industry. The Iberian green industrial opportunity: Seizing the moment. march toward a decarbonized electric system will continue in 2024 as policymakers and others work to balance, climate, reliability, affordability According to the Deloitte 2025 Power and Utilities Industry Outlook, about 75% of the top 35 electric utilities in the U. S&P Global Ratings 07/18/2024 The power, utility and energy industry has a once-in-a-generation opportunity. The From digital twin technology to smart utilities and advanced analytics, utility companies are adapting to meet the needs of an increasingly interconnected and environmentally conscious world. In 2025, the energy and utilities sector will encounter both familiar challenges and new uncertainties. Deal volumes and values increased by 1% and 26%, respectively, between 2022 and 2023. Along with significant damage to equipment in the field, the same infrastructure may cause a fire, such as transmission and Five trends for energy and utilities in 2024 and beyond. 7 And nearly three out of four customer accounts were served by an entity with a 100% carbon reduction target—either 2020 US presidential election. Accenture shares a collection of utilities trends, insights, research, blogs and case studies for the utilities industry. Cloud Cybersecurity Data and Artificial Intelligence Digital Engineering and Manufacturing Emerging Technology Ecosystem Partners Finance and Risk Management Infrastructure and Capital Over the last 12 months (November 2023 to November 2024), the power and utilities industry saw a significant decrease in the number of renewable and clean energy deals, down to 13 in 2024 from 27 in 2023, 28 in 2022 and 29 in 2021. Given the disruption and impact caused by COVID-19, we’ve evaluated the key trends, challenges, and opportunities that may affect your business and influence your strategy for the remainder of 2020. Ratings Trends: Latin American Utilities Chart 1 Ratings distribution (including project financing) Chart 2 Ratings outlooks (including project financing) Chart 3 Ratings outlook net bias Source: S&P Global Ratings. Your tax department can be — the unsung hero of your balance sheet. DeCotis, senior partner, Energy & Utilities at California-based consultancy West Monroe, writes on key trends in the energy sector we will need to be on the lookout for going into 2025. Utilities sector innovations enhance the operational efficacy of distribution networks and give customers dependable, cost-effective, and secure services. The utilities sector's success depends on orchestrating a Accelerating trends will require companies to evolve faster than ever. November 27, 2024 - Europe, including Portugal, has experienced a deindustrialization wave and overall loss of competitiveness in recent decades. The survey captured insights from respondents in five specific industry groups: chemicals and specialty materials, engineering and construction, industrial products, oil and gas, and power and utilities. Continue the conversation. The utilities industry is in the midst of rapid change. The energy and utilities industry applies various trends for enterprise architectures for cost, flexibility, security, and latency reasons. Membership is open to professionals working at utilities and organizations supporting the industry. Since 2020, the energy and utilities industry has been characterized by a balancing act between two opposing narratives: The first holds that the trends related to energy transition, climate change, technological advancement, and the evolution of energy markets throughout 2019 have continued. Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Energy & Utilities Industry. This report dives into the top 10 emerging technologies set to transform the utilities industry, focusing on AI, robotics, big data, IoT, and beyond. The model that works for one may not be universally applicable, but the drive toward innovation is a common trend Accelerating trends will require companies to evolve faster than ever. While the utilities industry is often thought of as slow moving when it comes to adopting new technologies and Discover EY's power & utilities insights, people & services and how they can help your business develop a mindset centered around agility and collaboration. Renewables race to fill resource gap as demand for clean energy is outpacing supply. The major growth factor of the energy and utilities analytics industry is the mounting adoption of smart meters for He shares his expert insight on energy and utilities trends with Energy Digital. 3 billion by 2026, size was valued USD 2. Read more. The severe winter storm drove up commodity prices and we downgraded two regional gas distribution utilities that were exposed to these higher costs. Energy & Utilities Industry Introduction Our Power Industry Network® platform is built to help our members connect with each other, share their knowledge & experience and advance their careers in the industry. These trends can help you set your priorities, explore technology investment directions and compare your position to others in the From the push for cleaner energy to the rise of digital technologies, these trends are shaping a more sustainable, efficient, and customer-centric future. About Newsroom Careers. Scope This report provides a comprehensive analysis of the construction industry in Current Industry PE. Gartner Research on Top 10 Trends Driving the Utility Industry in 2020. Investors are optimistic on the American Gas Utilities industry, and appear confident in long term growth rates. Explore the predictions for disruptions in the utility industry over the next four years, driven by the proliferation of DERs across 2023 and help the industry achieve its goals. Before long, mobile applications will extend into smart homes and connected buildings. Some Explore the top 10 trends for the Utility sector in 2023. 2023 power and Why is digital transformation in utilities industry important? It gives a boost to the utility sector and saves a lot of resources and time in production. The Utility Expo education track features the industry’s latest trends, innovations and safety practices. We’ve combined the insights from more than 3,500 CEO interviews with expert analysis to produce a series of reports across industries and critical topic areas. M&A volumes and values in EU&R increased from 2022 to 2023 by Our Power Industry Network® platform is built to help our members connect with each other, share their knowledge & experience and advance their careers in the industry. Climate risks continue to weaken credit quality. Regulated utilities are likely to A look at the prominent issues likely to face stakeholders in the U. The delivery of power services will continue as normal as utilities focus on core operational business activities. DeCotis Paul A. Following are several leading trends into 2025 affecting public power electric utilities: *Most public power Energy trends 2025: What’s next? As outlined in West Monroe’s Energy & Utilities Outlook, energy and utilities sector faces significant challenges and opportunities in 2025. Cookie settings. Inverter Based Resources in a Rapidly Changing Utility Energy Landscape By Eric Toff Bergman, Strategic Markets Sales Manager, The power and utilities industry is seeing unprecedented opportunities for innovation and growth from rapid technological advances and cost declines in areas such as solar power, battery storage, wind power, electric vehicles, smart buildings, two-way power flows, microgrids, and more. Expert analysis on growth and challenges in the energy sector. But promising trends in innovation and investment, buoyed by recent legislation, can help the sector fulfill its mission to provide increasingly secure, reliable, clean, and affordable electricity. The global Energy and Utilities Analytics Market is projected to expand at a CAGR of 16. The sector with the largest increase in deal volumes was mining and metals. The global utilities industry had total The energy industry is going through a massive transformation right now. Industry Trends Report - Energy, Environment and Utilities Hydrogen can help curb carbon emissions and, in turn, address climate change, by: • Decarbonising carbon-intensive areas of the economy such as the transportation and manufacturing sectors • Integrating more Renewable Energy Sources (RES) into the energy mix • Providing greater resiliency and reliability to the S&P Global Ratings’ Industry Credit Outlook Update 2024 series sets out our industry experts’ assumptions and credit outlook for global industries for the second half of 2024. The good news is our 2021 CEO Survey showed energy and utilities executives acknowledge the urgency to take action. Industry Top Trends Update S&P Global Ratings July 14, 2022 1 Regulated Utilities Credit quality has weakened and credit risks are rising What’s changed? The industry’s median rating fell to 'BBB+' from 'A-' and the industry’s outlook remains negative. have reported a rise in electricity demand from data centers. Check out the footage of the most interesting moments from The Utility Expo 2023. Current Industry PE. The business priorities represent how clients are addressing the industry trends, and the IT priorities reflect the technology areas of focus to address the trends and achieve the business priorities. Not only can it take a leading role in making its own cleaner energy future a reality, but it can help customers, communities and society accomplish this goal as well. , water loss) is a prime example. march toward a decarbonized Expert industry market research on the Water Utilities in Europe (2014-2029). We’ll take a look at how the utilities sector can leverage technology to gain these capabilities in order to operate as effectively as possible. 8x. 3x is lower than the industry's current PS ratio of 2. 2022 was a year of perils and promise Utility Scale Distribution Substation Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032 - The Global Utility Scale Distribution Substation ARC’s qualitative and trend research indicate that the global utility industry software market experienced robust growth in 2023, driven by the ongoing modernization of Utilities Industry Companies on BizVibe. In the policy arena, while state mandates such as 2022 power and utilities industry outlook3 Utilities expected to further flesh out decarbonization plans As of mid-November 2021, 48 out of 55 US large investor-owned utilities had committed to reduce carbon emissions, many by 2050. By Wildfires present a double-sided risk to the industry. The surge in demand for advanced technology, smart cities, and electric mobility is converging with the growing demand for renewable energy An industry facing transformation pressures. The three major topics I see these days at customers are Below are five trends that will likely impact the industry in 2022: 1. For example, Pacific Gas Deloitte’s Renewable Energy Industry Outlook draws on insights from our 2024 power and utilities survey, along with analysis of industrial policy, tech capital, new technologies, workforce development, and carbon management, to understand how the new competitive landscape may drive renewables growth amid an infrastructural buildout in the Discover EY's power & utilities insights, people & services and how they can help your business develop a mindset centered around agility and collaboration. 10m in 2029. Some 2025 Power and Utilities Industry Outlook. 26, 2024 By Marisa States and utilities will need a savvy partner capable of streamlining the contractor and customer experience, to CIOs can use this Power & Utilities Trend Guide to support new strategies that deliver realistic returns. Customer Management Trends in the Utilities Industry Customer information systems (CIS) for utilities have been around in some form or another for more than 20 years. The 3-year average PS ratio of 1. Insights . Many are also 9 US power sector trends to watch in 2024 By Robert Walton, Ethan Howland, Diana DiGangi, Larry Pearl, Kavya Balaraman and Emma Penrod • Jan. Innovative methods, devices, and connectivity tools guarantee that every asset operates at peak efficiency. But just months later, the COVID-19 pandemic struck and tested the mettle of a crisis-resilient sector in Utility industry trends revolve around the theme of digital transformation in utilities and smart cities. Wildfires present a double-sided risk to the industry. Utility CIOs can use our 2021 research to reshape their business models by addressing the digital challenges new entrants pose. Featured. M&A volumes and values in EU&R increased from 2022 to 2023 by 2022 power and utilities industry outlook3 Utilities expected to further flesh out decarbonization plans As of mid-November 2021, 48 out of 55 US large investor-owned utilities had committed to reduce carbon emissions, many by 2050. Leading utilities are investing in embedded AI-enhanced forecasting to address the needs of diverse market participants. Find out in the blogpost what are the 5 utility industry trends of the future! 9 US power sector trends to watch in 2024 By Robert Walton, Ethan Howland, Diana DiGangi, Larry Pearl, Kavya Balaraman and Emma Penrod • Jan. 2025 Renewable Energy Industry Outlook. Stay ahead of the curve with WNS' insights. Explore West Monroe's 2025 Energy & Utilities Industry Outlook with 5 key trends focused on the utilities tech outlook, including AI integration and grid modernization insights. Utility CIOs can use this trend analysis to understand these forecasting techniques to shift Explore West Monroe's 2025 Energy & Utilities Industry Outlook with 5 key trends focused on the utilities tech outlook, including AI integration and grid modernization insights. com Gerrit Jepsen New York +1 212 438 2529 gerrit. The Industry & Energy Transition Index: Portugal. Introduction. We may share information about your use of our Five power and utilities industry trends to generate growth in 2023 Jan 4, 2023 5 trends to watch in 2022 as the clean energy transition powers on Jan 18, 2022 Utilizing the trend intelligence feature, we analyze industry-specific technologies for this report, detect patterns and trends, and identify use cases along with the startups advancing these areas. 65 billion in 2022 and is projected to register a compound annual growth rate of 11. Each profile consists of in-depth company insights, comprising 50+ data Midyear outlook: Examine new power and utilities industry trends. The Discover EY's power & utilities insights, people & services and how they can help your business develop a mindset centered around agility and collaboration. The utilities sector is characterized by many uncertainties. Discover how to get ahead of 10 big trends in the utilities sector in 2024 and how to integrate them into your business operations. Utility & Construction News Utility & Construction News. Check out our midyear trends: 3 Pandemic reveals strategic crossroads for power and utilities industry The power and utilities Discover EY's power & utilities insights, people & services and how they can help your business develop a mindset centered around agility and collaboration. 0 5 10 15 20 25 30 35 40 45 Integrated Conventional generation Distribution Transmission Non-conventional renewables The prospects of cost savings, increased market share, and other competitive advantages are prompting more, and more utilities to cross traditional industry lines, and offer services in several sectors. Further details and capabilities are accessible Expert industry market research on the Utilities in the US (2014-2029). Acoustic data collected from hydrophones and accelerometers is the Accenture Utilities Insights outline the trends driving change, opportunity and growth for the utilities industry. An increasing number of utilities are taking an active role, for example, in incubating new technologies and startups through venture capital initiatives and participation in industry consortia. With a new presidential The Utilities market in Australia is projected to grow by 8. ugboaja@spglobal. S&P Global Ratings’ Industry Credit Outlook Update 2024 series sets out our industry experts’ assumptions and credit outlook for global industries for the second half of 2024. The survey found 77% of global chief executive officers in the energy industry are concerned about climate change and environmental damage. Global IoT in Utilities market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2028. 2020 outlook for the power and utilities industry. The 3-year average PS ratio of 2. These trends can help you set your priorities, explore technology investment directions and compare your position to others in the industry. Over the next decade, the lines will continue to blur among the industry’s traditional companies, emerging players offering new products and Industry Top Trends 2022 : Asia Pacific Utilities S&P Global Ratings January 26, 2022 4 Australia and New Zealand Ratings trends and outlook Large growth projects and mergers and acquisitions (M&A) will be focus areas for Australian and New Zealand utilities over 2022-2024. Utilities are navigating a new era of growth and transformation as they address emerging challenges and rising demand. grosberg@spglobal. The Utilities sector is made up of various utility services, including electric power generation and transmission, natural gas distribution, steam supply, water supply, and sewage removal. Water utilities’ adoption of AI-based acoustic leak detection technology for reduction of Non-Revenue Water (i. Download this Gartner Top 10 Trends How tax can deliver value. However, this trend can also leave utility companies vulnerable to cyberattacks that could cut off service to large swaths of their customers. Cookies are small text files stored on your device to identify you and can be used to remember user preferences and analyse traffic to further improve our website. Italy-based The utilities industry is at the forefront of the clean energy transition, and artificial intelligence (AI) is a foundational piece to the path forward. In a capital-saturated industry such as power and utilities, where the scale of investment, regulation, taxation and risk is massive and complex, a strategic, forward-looking tax department — one that delivers value, efficiency and synergies across your entire operation — can make In our annual power and utilities industry outlook, we explore five trends that will likely impact the industry in 2022, from enhancing decarbonisation and resiliency strategies, to deploying 5G and cloud technologies, to harnessing flexible load and supporting building electrification. Explore the predictions for disruptions in the utility industry over the next four years, driven by the proliferation of DERs across three key impact areas, and the pivotal role utility CIOs play in their successful integration. Further details and capabilities are accessible via the website. 21bn in 2029. It is happening now. Our experienced team of experts help companies to transform their operations, manage risk, grow their revenues and reduce costs. This new mindset will dramatically change utilities’ approach to technology adoption. Share: Facebook LinkedIn X (Twitter) Email. The landscape is changing for Canadian utility companies, creating not only challenges but also new opportunities to fundamentally rethink their strategies, business models and operations as several disruptive forces reshape the industry. 6% from 2023. Dgi ita pl rogress in Energy & Uittliies In 2022, the percentage of energy and utilities clients Industry Top Trends Update S&P Global Ratings July 15, 2021 1 Regulated Utilities Credit quality is weakening What’s changed? Texas storm. 2022 Utilities Outlook Our 2021 Energy & Utilities Outlook covers six areas of opportunity for utilities as they work toward decarbonizing, many of which are well underway at utilities across the country: Improving resiliency Improving Utilizing the trend intelligence feature, we analyze industry-specific technologies for this report, detect patterns and trends, and identify use cases along with the startups advancing these areas. The note reviews the changes occurred during the last two decades, when deregulation, and private sector development raised the quality, and expansion of utility services, The 2022 Energy & Utilities Outlook covers 5 consensus-driven areas of opportunity for utilities as they navigate the trends of the energy ecosystem. 2020 UK Utilities trends. Digital management of It delves into Utilities industry trends and examines various marketing channels. What is the role of cloud-based solutions in modern energy management? With business and customer needs, as well as technological advancements, simultaneously rapidly evolving, energy and utilities companies are tasked with the challenge of keeping pace. Industry market research reports, statistics, analysis, data, trends and forecasts. However, construction, renewables, and new . Discover EY's power & utilities insights, people & services and how they can help your business develop a mindset centered around agility and collaboration. Explore the Top 10 Utility Industry Trends in 2025 + 20 out of 2300+ startups in the field to learn how their solutions impact your business! KEY TRENDS IN THE PUBLIC POWER ELECTRIC UTILITY SECTOR. 2024 Power and Utilities Industry Outlook. Accelerating energy industry convergence In 2020, the US power and utilities industry led the clean A 2022 industry outlook report by Deloitte identified five trends for the utilities industry which include enhanced competition, expansions in infrastructure, greater electrification of Explore West Monroe's 2025 Energy & Utilities Industry Outlook with 5 key trends focused on the utilities tech outlook, including AI integration and grid modernization insights. The power and utilities sector is more resilient than Discover the top 7 trends shaping the energy and utilities industry, from renewable energy to digital transformation. In particular, the increase of manufacturing construction and the continued build-out of data centers and energy-specific projects could put additional pressure on the industry. Insights. Being deeply Industry market research reports, statistics, analysis, data, trends and forecasts. Automation and digital twin technology make things safer and The need for innovation in the utilities industry is paramount. e. S. 3% during the forecast period to reach USD 4. July 30, 2024 - Possessing natural endowments and mature industrial infrastructure, Spain and Industry Top Trends Contacts Gabe Grosberg New York +1 212 438 6043 gabe. CyberArrow GRC is specifically designed to help utilities streamline governance, risk, and compliance (GRC) processes, ensuring adherence to industry standards while optimizing operational efficiency. According to the Our 2023 outlook examines the latest power and utilities industry trends to help your company tap opportunities across the entire clean energy economy. For EMEA utilities, we see a stable outlook amid the gas crisis, faster energy transition, and political risk. Fitch’s Sector Outlook: Neutral After the improving outlook in 2023, confirmed by strong results for the main EMEA integrated utilities and generation companies (gencos), we see the outlook for EMEA utilities in 2024 as neutral (with the exception of deteriorating outlook for UK water networks). The utilities sector's success depends on orchestrating a Discover EY's power & utilities insights, people & services and how they can help your business develop a mindset centered around agility and collaboration. S&P Global Ratings’ Industry Top Trends series sets out our industry experts’ assumptions for 24 global industries in 2022. , but supply chain and economic challenges persist while grid reliability 2020 Outlook: 10 trends driving the US power sector From utilities to states to grid operators, the energy transformation is accelerating, but significant challenges remain Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Philippine construction industry; Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline. Furthermore, it evaluates the viability of potential new investment projects and presents comprehensive research Energy and Utilities Analytics Market - Industry Trends and Forecast. Electrification: The power sector is preparing for accelerating electricity demand. 6x which is higher than its 3-year average PE of 26. TOP 6 TRENDS TREND #1: Personalized Interactions with Customers will Multiply TREND #2: Digitalization will Rewire Operations TREND #3: Prosumers will Give Rise to the Sharing Economy TREND #4: Digitized Field Operations TREND #5: Grid Security will be on the Radar TREND #6: Business Models will Evolve for New Market Realities . TOP TRENDS SHAPING Utilities Industry Trends & Challenges. 52% during the forecast period. The continuity of these trends consequently showed Gartner Research on Top 10 Trends Driving the Utility Industry in 2020. Along with significant damage to equipment in the field, the same infrastructure may cause a fire, such as transmission and distribution lines making contact with vegetation to trigger an event. 4 million, thanks to the increased activity in the chemicals and power utilities sub-sectors. We also had several articles about data centers in our top 20 articles of the year. The utilities industry faces unique challenges, including stringent regulatory requirements, operational risks, and increasing cybersecurity threats. The market was valued at USD 6. Related Articles. Impact on industry and rising trends. com's offering. Utilities executives showed a slightly higher level of concern, at 78%. 6x is lower than the industry's current PS ratio of 1. Some What will Australia’s energy and utilities future look like? This is a hot topic among experts, and not without reason: ensuring the stability of Australia’s energy and utilities industry over the coming decades will be critical if we are to meet environmental targets, encourage economic prosperity, maintain our national security, and support high anticipated population growth. 2023 power and Bar chart showing M&A volumes and values for the energy, utilities and resources industry. 8% and 19. 2024 European Utilities: Navigating Power Price Trends and Industry Shifts. And it shows few signs of changing as the need to upgrade aging infrastructure, digitize, and secure the grid against natural and manmade disasters such as cyberattacks The utilities industry is at the forefront of the clean energy transition and artificial intelligence (AI) is a foundational piece to the path forward. Read more for the in-depth analysis! Related topics Expert industry market research on the Electric Utilities in Europe (2014-2029). 79% (2022-2029) resulting in a market volume of US$2. The power and utilities sector is more resilient than 2025 Power and Utilities Industry Outlook. 2022 was a year of perils and promise Trend #2: Computer vision as a transformative tool for utility asset management. Explore the value chain IoT creates for the utilities & smart metering industry. 2022 is on track to be the third consecutive year for downgrades to outpace upgrades. 6% of sector revenue respectively in Industry Top Trends 2021 North America Regulated Utilities An Industry With A Negative Outlook Despite Its Predictable Cash Flows What’s changed? Governance risks. New innovative technologies are AI and decentralized power are two examples of emerging technologies that are rapidly transforming the utilities sector. The Electric Power Generation industries and Electric Power Transmission industry dominate the sector, generating 67. The utility industry—specifically power, water, and broadband—is continuing to get reshaped by new government regulations. Power and utilities industry seeks growth by leading clean energy transition In 2019, the multiyear pattern of record-breaking utility capital expenditures amid stagnant load growth continued in the power industry. This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Energy & Utilities Industry. We may share information about your use of our Industry Trends Report - Energy, Environment & Utilities 8 Source: Frost & Sullivan Growth is being shaped by ageing infrastructure and historic underinvestment Aging infrastructure and historic underinvestment are key challenges for mature water networks in North America and Europe and, increasingly, in Asia-Pacific. This research The industry trends that will define 2024 Published Feb. For The utility industry is transitioning from primarily receiving technology from suppliers to designing and developing technology solutions. 9x. Our sessions and workshops provide comprehensive learning on a wide range of topics. Lareina Yee Michael Chui Roger Roberts Mena Issler. Cloud Cybersecurity Data and Artificial Intelligence Digital Engineering and Manufacturing Emerging Technology Ecosystem Partners Finance and Risk Management Infrastructure and Capital He shares his expert insight on energy and utilities trends with Energy Digital. Industry Top Trends 2022 : Asia Pacific Utilities S&P Global Ratings January 26, 2022 4 Australia and New Zealand Ratings trends and outlook Large growth projects and mergers and acquisitions (M&A) will be focus areas for Australian and New Zealand utilities over 2022-2024. com Matthew O’Neill New York +1 212 438 4295 Explore our trends series. PwC can help you make the right moves in an era of new energy sources, distributed generation, smart grids, digital transformation and increasingly empowered customers. Learn more. In 2023, the US power and utilities industry raised the decarbonization bar, deployed But promising trends in innovation and investment, buoyed by recent legislation, can help the sector fulfill its mission to provide increasingly secure, reliable, clean and affordable electricity. Investors are relatively neutral on the American Electric Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady. Utility Explore winning insights from Infosys - the newest utilities technology trends in the industry, from smart grid data privacy to workforce scheduling. But while the COVID-19 pandemic may have temporarily slowed some of the larger trends driving Growth of real GDP from the utilities sector in Qatar 2011-2020; Electricity consumption in Taiwan 2012, by sector; GDP from the construction industry in Singapore 2014-2023 2023 and help the industry achieve its goals. Strengthen The industry trends capture key drivers with the greatest impact on the clients’ industry. TOP 7 TRENDS POWERING THE ENERGY & UTILITIES INDUSTRY A WNS PERSPECTIVE WePower, a Lithuania-based startup, is on a mission. Many utilities are Explore the top 10 trends for the Utility sector in 2023. But utilities’ I. We’re in the midst of an energy transition that continues to evolve. Geopolitics are exacerbating cost pressures while distributed renewable generation, new digital technologies and changing consumer expectations are creating a new energy world that is more complex, competitive and challenging. Which technology trends matter most for companies in 2024? New analysis by the McKinsey Technology Council highlights the adoption, development, and industry effects of advanced technologies. In the policy arena, while state mandates such as Industry leaders will become Experts at Change, and engender a digital-first, innovative culture to effect this much needed transformation. Today, utilities make money; in a decade they will save money. The companies best placed to deal with a challenge will consider it as an opportunity, whilst those poorly prepared will face the challenge as a threat. Ratings data measured at quarter-end. Top 10 Applications of AI in Utilities Sector [2025 & Beyond] 1. march toward a decarbonized Combine These Trends with the Utility Industry’s Best Safety Solutions. Insights; Services. Utilities expected to further flesh out decarbonization plans . The shift from volume-based commodity sales to energy-saving services has already begun. In a capital-saturated industry such as power and utilities, where the scale of investment, regulation, taxation and risk is massive and complex, a strategic, forward-looking tax department — one that delivers value, efficiency and synergies across your entire operation — can make Industry leaders will become Experts at Change, and engender a digital-first, innovative culture to effect this much needed transformation. Explore our industry themes to learn about crucial trends and strategic options. Article Trends and Opportunities for Utilities in 2022 Guidehouse and Public Utilities Fortnightly survey utility executives across the U. Below we’ve outlined some of the major trends that we Though it’s not exactly the vanguard of the digital revolution, the water industry is making headway on digital transformation. This pivotal moment in time signifies a crucial The deal value of the European power and utilities sector increased by 25 percent (on a q-o-q basis) to EUR25. To achieve this goal, the company offers a ‘blockchain- based green energy trading platform’ that connects renewable energy producers directly with investors. Uncharacteristically, in 2020 the industry experienced a number of high profile governance-related issues stemming from bribery allegations. 1/14/2022 The importance of technology to utilities in 2022 can’t be overstated given the challenges of reducing carbon emissions and building more resiliency into networks. Energy transformation isn’t something for the future. In 2020, we are set to see the utilities industry grow into its role as leader of the clean energy transition. Talent shortages are likely to remain a key concern for the E&C industry. Healthy profits persist for utilities, especially those involved in power The energy and utilities industry trends underline a paradigm shift towards sustainability, decentralization, and digitalization. The future of SCADA in the utilities industry is expected to be driven by a number of trends, including increased Why is digital transformation in utilities industry important? It gives a boost to the utility sector and saves a lot of resources and time in production. Sign In. Print. Industry leaders will become Experts at Change, and engender a digital-first, innovative culture to effect this much needed transformation. to understand key industry trends and top-of-mind concerns Playing in the power and utilities arena has never been more challenging—or more important. 82% (2022-2029) resulting in a market volume of US$100. Delivering Timely Information: Need Of The Hour By Joe Anastasi, IT Manager, PMLP . How the industry is shaping reinvention though cleaner energy investments, technology innovation, strategic acquisitions and more. The energy and utilities industry trends underline a paradigm shift towards sustainability, decentralization, and digitalization. By late 2021, 46 out of 54 US investor-owned utilities had Dublin, Feb. SCADA, or Supervisory Control and Data Acquisition, is a technology that is widely used in the utilities industry to monitor and control various aspects of the power grid, such as electricity generation, transmission, and distribution. The report also presents firmographic data Deloitte’s 2024 power and utilities industry outlook discusses these trends and how they’re likely to impact the industry in the coming year: Electrification: The power sector is preparing for The utility industry overall is looking at the need for massive infrastructure improvements, from grid hardening to large-scale buildouts to removal of capacity constraints and support for increasing electrification. IoT Trends in the Utilities Industry Smart meters offer a gateway to smarter grids, greener energy production and better customer relations. Cloud Cybersecurity Data and Artificial Intelligence Digital Engineering and Manufacturing Emerging Technology Ecosystem Partners Finance and Risk Management Infrastructure and Capital Uncover key trends, challenges, opportunities and actionable insights to impact your industry, influence your strategy, and shape your business in the coming year. Article • 18-min read. Today’s utilities must drive the uptake of renewable energy sources, enable behind-the-meter systems, leverage digital technologies, and Top Tech Trends for Utilities in 2024. FEATURED CONTENT Voices of Change The path to 360° value starts here—featuring our most provocative thinking, extensive research and compelling stories of shared success. The power and utilities industry started the new decade in a strong position, identifying new opportunities for growth while leading the economy-wide clean energy transition. As illustrated by the 2015 cyberattack on Ukraine’s energy grid that caused a persistent blackout In our annual power and utilities industry outlook, we explore five trends that will likely impact the industry in 2022, from enhancing decarbonisation and resiliency strategies, to deploying 5G and cloud technologies, to harnessing flexible load and supporting building electrification. AI has the power to improve energy efficiency, enhance customer experiences and optimise grid management, which is why it’s poised to revolutionise the way utilities operate and serve their customers. Many utilities have launched mobile applications for bill notification, presentment, and payment, as well as for outage management. But utilities’ primary revenue streams will shift to energy performance contracts and facilitating local energy markets. Enter cloud-based The industry trends that will define 2024 Published Feb. Renewable Energy 9 US power sector trends to watch in 2024 The U. The Wildfires present a double-sided risk to the industry. The Top Tech Trends for Utilities in 2022; Top Tech Trends for Utilities in 2022. We work alongside them to develop new strategies, build new operating models, and create Our annual analysis ranks the top tech trends that matter most for companies and executives. The Utilities market in the United States is projected to grow by 8. 5G Artificial Production of Biogas and Biodiesel From Organic and Commercial Byproducts By Marjun Manahan, Operations Technology Manager, Manila Water. More renewables, cheaper battery storage options, a powerful consumer culture and digital disruption are coming together to create a perfect storm of disruption. They consider what's changed, what are they key assumptions for 2022, and what are the key risks. Enter cloud-based Paul A. com Obioma Ugboaja New York +1 212 438 7406 obioma. 5x. In the late 1990s, when utilities first began to embrace new software innovations to help manage their customer relations, the market comprised vendors selling missioncritical CIOs can use this Power & Utilities Trend Guide to support new strategies that deliver realistic returns. The power and utilities sector faces radical transformation. 7 And nearly three out of four customer accounts were served by an entity with a 100% carbon reduction target—either Energy and utilities industry enterprises face a future of increased turbulence and uncertainty. What is the market size of the Utilities industry in the US? IBISWorld's statistic shows that as of 2024 the market size of the Utilities industry is $1. 3 MB PDF. . Cloud Cybersecurity Data and Artificial Intelligence Digital Engineering and Manufacturing Emerging Technology Ecosystem Partners Finance and Risk Management Infrastructure and Capital In financial year 2023, the energy intensity of the electricity, gas, water, and waste services industry in Australia was 3,626 gigajoules per million Australian Gross Value Added output. Deloitte’s Renewable Energy Industry Outlook draws on insights from our 2024 power and utilities survey, along with analysis of industrial policy, tech capital, new technologies, workforce development, and carbon management, to understand how the new competitive landscape may drive renewables growth amid an infrastructural buildout in the Gartner research, which includes in-depth proprietary studies, peer and industry best practices, trend analysis and quantitative modeling, enables us to offer innovative approaches that can help you drive stronger, more sustainable business performance. Approaching the dawn of a new year, the water industry stands once again at the intersection of tradition and transformation. As utilities confront the dual pressures of aging infrastructure and climate-related risks, computer Utilities are embracing emerging technologies as they work towards meeting their sustainability goals and improving their operations. We explore several of these promising trends and their potential impact on the industry in this year’s outlook, as well as what 2023 may hold for environmental, social, and governance (ESG) disclosures. Embracing renewable energy sources, modernizing the grid, and enhancing customer engagement through digital interfaces signify the industry's progressive trajectory. The latest round of regulations 2020 has been a year of tremendous disruption for electric utilities, and for the world in general. As the New Year Unfolds, Unveiling Trends, Challenges, and Opportunities – Bluefield’s In-Depth Analysis Forecasts the Path Ahead for the Evolving Water Sector. The industry is trading at a PE ratio of 29. Show Highlights Show Highlights . The industry will likely seek to harness new policies, technologies, and market innovations as they navigate an evolving landscape of opportunities, complexity, and challenges. 10, 2024 The U. Of course, these opportunities are also opening doors for Software as a Service (SaaS) Market – Industry Trends, Size and Forecast to 2032 Sep 3, 2024 IoT Trends in the Utilities Industry Smart meters offer a gateway to smarter grids, greener energy production and better customer relations. Each technology features three use cases and one standout startup, providing a clear picture of their practical applications and future potential of the most important utility technologies. 0 billion in 2020. Discover the top 7 trends shaping the energy and utilities industry, from renewable energy to digital transformation. Skip to main content. AI has the power to improve energy efficiency, enhance customer experiences, and optimize grid management, which is why it’s poised to revolutionize the way utilities operate and serve their customers. Report. Cloud Cybersecurity Data and Artificial Intelligence Digital Engineering and Manufacturing Emerging Technology Enterprise Platforms Finance and Risk Management Learning Marketing and Accenture shares a collection of utilities trends, insights, research, blogs and case studies for the utilities industry. Industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution Expert industry market research on the Utilities in the US (2014-2029). utility sector in 2023 and beyond. It’s that time of year when industry professionals release their predictions for the trends that will shape the utilities industry in the year ahead. Article • 19-min read .