Innovative Business Models Emerging from Digitalization in Generators, Global, 2020

Innovative Business Models Emerging from Digitalization in Generators, Global, 2020

Enhanced Customer Experience through Digital Energy Transformation Creating Growth Opportunities

RELEASE DATE
17-Nov-2020
REGION
Global
Research Code: K511-01-00-00-00
SKU: EG02107-GL-MT_24771

$2,450.00

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$2,450.00

$2,082.50 save 15 %

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Description

Investment in digital technologies is booming across all industries, including power generation. This research aims to identify the generators industry’s current use and future decision-making trends toward digital transformation. A recent Frost & Sullivan study found that 99% of businesses are at a particular digital transformation stage. Technologies such as data accessibility and gathering, remote monitoring, and predictive maintenance are digital transformation examples impacting the generators industry. This report tracks the industry’s transformation and seeks to identify future opportunities to use digital technologies further. Frost & Sullivan is confident that digital solutions offer great promise for new business models, expanded access, improved outcomes and efficiency, and, ultimately, more significant value to all stakeholders.

The study predictions apply to the global generators market. Frost & Sullivan predicts digital transformation in the energy industry to evolve from an IT industry offering primarily billing systems and services paralleling the market's growing incorporation of advanced technologies, such as analytics, cybersecurity, and integrated energy efficiency solutions.

Research Scope

  • Understand the IT challenges generator manufacturers face today
  • Monitor digital transformation status in the generators market
  • Assess the current and future use of digital technologies
  • Evaluate factors that drive investments in digitalization
  • Gauge digitalization trends

One of the largest challenges in the generators industry is the continual need to provide customized solutions, sales, and services. With the power to improve the customer experience, the new technology adoption trend feeds directly into this pain point.



Research Benefits

  • Identify key business objectives and challenges in this industry
  • Discover growth opportunities to address the objectives and challenges; find technologies proven to reduce costs and generate revenue
  • Benchmark with the competition and other industry leaders
  • Learn new ways to improve the customer experience
  • Facilitate the digital transformation journey

The study predictions apply to the global generators market. Frost & Sullivan predicts digital transformation in the energy industry to evolve from an IT industry offering primarily billing systems and services paralleling the market's growing incorporation of advanced technologies, such as analytics, cybersecurity, and integrated energy efficiency solutions.

Author: Lucrecia Gomez

 

 

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative8™

The Impact of the Top Three Strategic Imperatives on the Generators Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Environment: Research Focus

Growth Environment

Growth Environment: Digitalization in Generators

Growth Environment: Digitalization in Generators (continued)

Growth Environment: What Cases Dictate the Need for Digitalization in Generators?

Growth Environment: Supporting Technologies

Growth Environment: Supporting Technologies (continued)

Growth Environment: Supporting Technologies (continued)

Growth Environment: Key Uses and Target Customers

Growth Environment: Predictive Applications

Growth Environment: Predictive maintenance and Remote Monitoring

Growth Environment: Holistic Digital Solutions

Growth Environment: In-house Control and Custom Analytics

Growth Environment: Competitive Landscape—Aggreko PLC

Growth Environment: Competitive Landscape—Caterpillar Inc

Growth Environment: Competitive Landscape—Cummins Inc

Growth Environment: Competitive Landscape—INNIO Jenbacher GmbH & Co OG

Growth Environment: Competitive Landscape—Generac Power Systems, Inc

Growth Environment: Competitive Landscape—Herc Holdings Inc

Growth Environment: Competitive Landscape—Kohler Co

Growth Environment: Competitive Landscape—MAN Energy Solutions SE

Growth Environment: Competitive Landscape—United Rentals, Inc

Growth Environment: Other Notable Market Participants

Growth Environment: Other Notable Market Participants (continued)

Growth Environment: Addressable Installed Base

Growth Drivers for Digital Services in Generators

Growth Restraints for Digital Services in Generators

Growth Environment: Revenue Forecast

Growth Environment: Business Models

Growth Environment: Business Models (continued)

Growth Environment: Roadmap for Digitalization in Generators

Growth Opportunity 1: IoT-as-a-service to Enable Actionable Intelligence for Generators, 2019

Growth Opportunity 1: IoT-as-a-service to Enable Actionable Intelligence for Generators, 2019 (continued)

Growth Opportunity 2: Omnichannel Services from Seamlessly Integrated Automated Systems Using AI and Analytics for Personalized Customer Experience, 2019

Growth Opportunity 2: Omnichannel Services from Seamlessly Integrated Automated Systems Using AI and Analytics for Personalized Customer Experience, 2019 (continued)

Growth Opportunity 3: Digital Marketing for Transformed Selling Processes, 2019

Growth Opportunity 3: Digital Marketing for Transformed Selling Processes, 2019 (continued)

List of Exhibits

List of Exhibits (continued)

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Related Research
Investment in digital technologies is booming across all industries, including power generation. This research aims to identify the generators industrys current use and future decision-making trends toward digital transformation. A recent Frost & Sullivan study found that 99% of businesses are at a particular digital transformation stage. Technologies such as data accessibility and gathering, remote monitoring, and predictive maintenance are digital transformation examples impacting the generators industry. This report tracks the industrys transformation and seeks to identify future opportunities to use digital technologies further. Frost & Sullivan is confident that digital solutions offer great promise for new business models, expanded access, improved outcomes and efficiency, and, ultimately, more significant value to all stakeholders. The study predictions apply to the global generators market. Frost & Sullivan predicts digital transformation in the energy industry to evolve from an IT industry offering primarily billing systems and services paralleling the market's growing incorporation of advanced technologies, such as analytics, cybersecurity, and integrated energy efficiency solutions.--BEGIN PROMO--

Research Scope

  • Understand the IT challenges generator manufacturers face today
  • Monitor digital transformation status in the generators market
  • Assess the current and future use of digital technologies
  • Evaluate factors that drive investments in digitalization
  • Gauge digitalization trends

One of the largest challenges in the generators industry is the continual need to provide customized solutions, sales, and services. With the power to improve the customer experience, the new technology adoption trend feeds directly into this pain point.

Research Benefits

  • Identify key business objectives and challenges in this industry
  • Discover growth opportunities to address the objectives and challenges; find technologies proven to reduce costs and generate revenue
  • Benchmark with the competition and other industry leaders
  • Learn new ways to improve the customer experience
  • Facilitate the digital transformation journey

The study predictions apply to the global generators market. Frost & Sullivan predicts digital transformation in the energy industry to evolve from an IT industry offering primarily billing systems and services paralleling the market's growing incorporation of advanced technologies, such as analytics, cybersecurity, and integrated energy efficiency solutions.

Author: Lucrecia Gomez

 

 

More Information
No Index No
Podcast No
Author Lucrecia Gomez
Industries Energy
WIP Number K511-01-00-00-00
Is Prebook No
GPS Codes 9AFF-A4,9B00-A4,9851