Power Industry Top 20 Themes Predictions for 2022 – Thematic Research

Pages: 32 Published: March 15, 2021 Report Code: GDPE-TR-S048

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

The Power Predictions 2022 report identifies the top 20 themes that will impact the power sector in 2022. For each theme, the report also offers a series of predictions and aids in identifying winners and losers.

Artificial Intelligence

In the power sector, the use of AI is key to becoming data-driven. The use of AI can create huge amounts of insightful data, which can help utilities achieve situational awareness, make better decisions, and forecast more accurately. Improved management and transparency will witness significant growth in 2022. Large utilities will continue to develop their in-house capabilities, hiring machine learning (ML) and data science specialists More AI-specific start-ups will persist in growing the list of AI-focused partnerships in the power sector.

Cloud Computing

The ongoing COVID-19 pandemic has pushed businesses/power utilities to opt for work from home, and this is when cloud computing solutions have played a role in maintaining business continuity. In 2022 as well, cloud computing will continue to witness rapid growth and adoption in the power sector. Early cloud adopters have taken advantage of these turbulent COVID times, while the ones who were so far apprehensive about adopting cloud computing are now planning to deploy cloud computing solutions. The potential to enable power utilities to work remotely without affecting efficiency is one of the many benefits involved with cloud computing.

ESG

Consumers’ attitude towards the environment has relatively strengthened owing to health concerns. Scrutinizing this, power utilities have learned how a health menace with relatively uneven direct impacts has interconnected with global networks to create economic crises across the globe. Thus, the COVID-19 pandemic outbreak is driving the urgent need for evaluation of issues in the power sector that have potentially been underplayed, including environmental, social, and governance (ESG) policies. Managing ESG issues is critical for power companies in 2022.

For more insights on the key themes impacting the power sector in 2022, download a free report sample

Market report scope

Major technology themes 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
Major macroeconomic themes COVID-19, China Impact, and Environmental, Social, & Governance (ESG)
Major industry themes 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, highlights the leaders and laggards, and points 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.

Key Players

Duke Energy, E.ON, Enel, Électricité de France (EDF), Iberdrola, Exelon, Schneider Electric, Dubai Energy & Water Authority (DEWA), National Grid, Southern Company, TEPCO, KEPCO, General Electric (GE), Vestas Wind Systems, TenneT, Acciona, LO3 Energy, Cenfura, Next47, Engie, Orsted, Consolidated Edison, Pacific Gas and Electric Company, L3Harris, PPL Electric Utilities, Ontario Power Generation (OPG), Énergie NB Power, Talen Energy, Southern Gas Networks (SGN), Hydro-Québec, Tesla, BYD, SAIC, BAIC, BMW, VW, Nissan, ABB, Shell, BP, EvGo, Landis+Gyr, Itron, Aclara Technologies, Kamstrup, Sensus USA, Bloom Energy, Toshiba ESS, Comcast, Eaton, Honeywell, S&C Electric, China Datang, China Huadian, China Huaneng, China Southern Power Grid, State Grid Corporation of China, SPIC, RWE, Uniper, Xcel Energy, Vattenfall, Air Liquide, Cummins, Siemens Energy, NV Nederlandse Gasunie, Linde, H2GO Power, Mcphy Energy, ITM Power, Nel Hydrogen, SunFire, Hydrogenics Europe, H-TEC Systems, Enapter, Green Hydrogen Systems

Table of Contents

Executive Summary 4

2022 Theme Map 5

1. Artificial Intelligence 6

2. Big Data 7

3. Blockchain 8

4. Cybersecurity 9

5. Cloud Computing 10

6. Internet of Things 11

7. Virtual and Augmented Reality 12

8. Robotics 13

9. Electric Vehicles 14

10. Smart Grid 15

11. COVID-19 16

12. China Impact 17

13. ESG 18

14. Carbon Emissions 19

15. Renewable Energy 20

16. Energy Transition 21

17. Distributed Generation 22

18. Hydrogen 23

19. Energy Storage 24

20. Predictive Maintenance 25

Glossary 26

Further Reading28

| Our Thematic Research Methodology 29

| About GlobalData 31

| Contact Us 32

Frequently Asked Questions

The major technology themes that will impact the power sector in 2022 are 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 that will impact the power sector in 2022 are COVID-19, China impact, and environmental, social, & governance (ESG).

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

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