Power Industry Top 20 Themes Predictions for 2023 – Thematic Intelligence

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Power Industry Top Themes Predictions Overview

The major technology themes impacting the power sector in 2023 will be artificial intelligence (AI), big data, blockchain, cybersecurity, cloud computing, the Internet of Things (IoT), virtual and augmented reality (VR and AR), electric vehicles (EVs), smart grid, robotics, and drones, while the major macroeconomic themes impacting the power sector 2023 will be geopolitics and environmental, social, and governance (ESG). Furthermore, the major industry themes impacting the power sector in 2023 will be renewable energy, energy transition, energy storage, distributed generation, carbon emissions, predictive maintenance, and hydrogen.

The power predictions 2023 thematic intelligence report identifies the top 20 themes that will impact the power sector in 2023. For each theme, the report offers a series of predictions and identifies leaders and laggards.

Power Industry Top Themes – 2023

Power Industry Top Themes - 2023

For more insights on top themes that will impact the power sector in 2023, download a free report sample

Artificial Intelligence

AI is a software-based system that uses data inputs to make decisions on its own. AI is proving its value in multiple areas and is driving measurable improvements in renewable energy forecasting, grid operations and optimization, the coordination of distributed energy assets, and demand-side management. It will play a major role in the enhancement of asset optimization and customer segmentation in 2023, and the implementation of AI in the power sector will benefit data digitalization, smart forecasting, resource management, failure prevention, and predictive analytics for renewables. AI technology can process large quantities of data, predict the likely outcomes (predictive AI), and assist in making decisions on actions to be taken that will have an impact on emission levels, and can help advance the energy transition to net zero

For more insights on the impact of AI on the power sector in 2023, download a free report sample

Cloud Computing

Cloud computing applications will have added advantages in the power industry. The technology’s importance has grown significantly and enabled the use of shared IT infrastructure and services to create a flexible, scalable, and on-demand IT environment. The adoption of cloud technology in the power industry will help to analyze electric consumption patterns, and design products and services aligned with the customer requirements. It will reduce costs by enabling distributed automation to capture and understand patterns and opportunities for optimization. Power utilities will be able to remotely monitor assets using internet-connected sensors transmitting data to the cloud through IoT technology. The adoption of cloud computing will also help energy companies save money on maintenance costs.

For more insights on the impact of cloud computing on the power sector in 2023, download a free report sample

Virtual and Augmented Reality

Digital transformation is expanding its footprints in the electrical utility industry through the installation of smart devices such as smart meters. At the same time, digital applications are constantly being upgraded to improve services and assets along with workers’ safety. Digitized maintenance and inspection have resulted in the rise of augmented reality (AR), which is an interactive 3D view allowing the user to see the real world overlaid with a layer of digital content. The adoption of AR in the electrical industry will enable precise location, depth, and identification of utility assets before undergoing inspection, maintenance, and repair activities. Digitized maintenance enabled by augmented reality will facilitate cutting-edge abilities that include identifying exact work locations without risk, locating assets within underground systems, reviewing installation status and maintenance updates, and communicating and collaborating in real time.

For more insights on the impact of VR and AR on the power sector in 2023, download a free report sample

Top Themes Impacting Power Industry in 2023

Major Technology Themes Artificial Intelligence (AI), Big Data, Blockchain, Cybersecurity, Cloud Computing, The Internet of Things (IoT), Virtual and Augmented Reality (VR And AR), Electric Vehicles (EVs), Smart Grid, Robotics, and Drones
Major Macroeconomic Themes Geopolitics and Environmental, Social, and Governance (ESG)
Major Industry Themes Renewable Energy, Energy Transition, Energy Storage, Distributed Generation, Carbon Emissions, Predictive Maintenance, and Hydrogen


  • The report covers the top 20 themes that would impact the power industry in 2023.
  • It provides predictions with respect to technology theme, macroeconomic theme and industry theme in the power sector.
  • The report covers the top themes that includes artificial intelligence, big data, blockchain, cybersecurity, the internet of things, virtual and augmented reality, electric vehicles, smart grid, robotics, drones, geopolitics, ESG, renewable energy, energy transition, energy storage, distributed generation, carbon emissions, predictive maintenance, and hydrogen.
  • 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 2023.

Reasons to Buy

  • An overview of the top 20 themes that will impact the power sector in 2023.
  • Predictions about technology themes such as artificial intelligence, big data, blockchain, cybersecurity, cloud computing, the internet of things, virtual and augmented reality, electric vehicles, smart grid, robotics and drones.
  • Power predictions on macroeconomic themes such as geopolitics and ESG impacting power utilities.
  • Predictions on industry themes such as renewable energy, energy transition, energy storage, distributed generation, carbon emissions, predictive maintenance and hydrogen.
  • 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.

Dominion Energy
Dubai Electricity and Water Authority (DEWA)
Duke Energy
Électricité de France SA
Exelon Corporation
Iberdrola SA
NextEra Energy Inc
Southern Company
CentrePoint Energy
Enel SpA
General Electric
Siemens AG
Engie SA
Fortum Corporation
Xcel Energy
AES Corporation
ACWA Power
Contemporary Amperex Technology Ltd
EDF Renewables SA
Korea Electric Power Corporation
Schneider Electric
Eaton Corporation
GE Grid Solutions
NRG Energy
China Huaneng Group

Table of Contents

| Table of Contents

1. Executive Summary 3

2. 2023 Theme Map 4

3. Artificial Intelligence 5

4. Big Data 6

5. Blockchain 7

6. Cybersecurity 8

7. Cloud Computing 9

8. The Internet of Things 10

9. Virtual and Augmented Reality 11

10. Electric Vehicles 12

11. Smart Grid 13

12. Robotics 14

13. Drones 15

14. Geopolitics 16

15. ESG 17

16. Renewable Energy 18

17. Energy Transition 19

18. Energy Storage 20

19. Distributed Generation 21

20. Carbon Emissions 22

21. Predictive Maintenance 23

22. Hydrogen 24

23. Glossary 25

24. Further Reading 27

25. Our Thematic Research Methodology 29

26. About GlobalData 31

| Contact Us 32

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