Energy Power Distribution and Retail Digital Transformation Growth Opportunities

Shift Toward Multifunctional Cloud Platform Solutions Powers Future Growth Potential

INDUSTRY
Energy

RELEASE DATE
20-Aug-2021
REGION
North America
DELIVERABLE TYPE
Market Research

RESEARCH CODE
K60A-01-00-00-00
SKU
EG02170-NA-MT_25708
Yes
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Power Distribution and Retail Digital Transformation Growth Opportunities
Published on: 20-Aug-2021 | SKU: EG02170-NA-MT_25708

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Digitalization is the key enabler of decentralization and decarbonization, the other two D’s shaping the energy industry transformation. Cloud computing, Big Data, analytics, and the Internet of Things (IoT) are among technologies that enable the digital transformation of electric utilities and facilitate new ways of electricity production, storage, distribution, and consumption.

As the backbone that integrates renewable energy, enables higher electrification rates, and manages multidirectional flows of distributed energy resources (DERs) and loads, digital investment in power distribution grids and retail is necessary for the energy transition. Market shifts and the proliferation of technologies, including smart appliances, electric mobility, and distributed solar and storage, are shaping future distribution utilities into highly flexible and strong decarbonization advocates. They are set to be key DER orchestrators and provide energy as a service bundled with related, value-added solutions tailored to users’ individual preferences.

To achieve the vision, power distribution and retail utilities focus their digital investment and efforts on three main areas to: a) enhance customer service and engagement levels; b) improve operational reliability and efficiency; and c) integrate and manage smart home technologies, DERs, and electric vehicles to provide value-added energy-related connected businesses.

Following this segmentation, this study provides regional forecasts and analyses of digital expenditure evolution in the next 10 years for Europe, North America, and Latin America. It also describes the main application areas, software, systems, and platforms used. The report presents the competitive landscape and trends and highlights growth opportunities regarding meter data usage, cloud computing, SaaS and XaaS business models, distributed cybersecurity, microservices, and distributed intelligence.

Author: Maria Benintende

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Digital Transformation of the Power Distribution and Retail Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Digital Expenditure Forecast

Distribution Companies are at the Center of the Energy Digital Transformation

The Future of Distribution Utilities and Retailers—A Vision to 2030

Digital Technologies and Market Shifts Driving the Distribution Utilities and Retailers of the Future

Growth Opportunities

Go-to-Market Recommendations for Vendors

Scope of Analysis

Core Investment Areas for Digital Transformation of Distribution Utilities and Retailers

Key Questions this Study Answers

Distribution Utilities and Retailers’ Top 10 Pain Points and Key Goals

Factors Influencing the Level of Digitalization in Power Distribution and Retail

Journey to Digitally-enabled Distribution Utilities—No Ideal Path

Digital Technology Focus

Growth Drivers

Growth Restraints

Digital Expenditure Forecast

Percent Digital Expenditure Forecast by Application Area

Digital Expenditure Forecast by Application Area

Expenditure Forecast Analysis—Digital Transformation in the Power Distribution and Retail Market

Expenditure Forecast Analysis—Digital Transformation in the Power Distribution and Retail Market (continued)

Vendor Ecosystem

Vendor Ecosystem Discussion

Partnerships and Companies to Watch

Enhanced Customer Relationships—Investment Areas

EN-techs—The Last Word in Customer Service

Annual Expenditure Forecast by Region—Enhanced Customer Relationships

Expenditure Forecast Analysis—Enhanced Customer Relationships

Enhanced Customer Relationships Regional Analysis

Enhanced Customer Relationships Regional Analysis (continued)

Grids Operations Optimization—Investment Areas

Software Platforms Toward a Single Solution for Digital Grids

Annual Expenditure Forecast by Region—Grid Operations Optimization

Expenditure Forecast Analysis—Grid Operations Optimization

Grid Operations Optimization Regional Analysis

Grid Operations Optimization Regional Analysis (continued)

The Imperatives of Connected Businesses for Utilities

Connected Businesses—Investment Areas

Connected Businesses—Transformation Scope

Annual Expenditure Forecast by Region—Connected Businesses

Expenditure Forecast Analysis—Connected Businesses

Connected Businesses—Regional Analysis

Connected Businesses—Regional Analysis (continued)

Growth Opportunity 1: Educating Utilities on Metering Data’s True Value

Growth Opportunity 1: Educating Utilities on Metering Data’s True Value (continued)

Growth Opportunity 2: Strengthen Cloud Computing Capabilities to Streamline Digital Transformation

Growth Opportunity 2: Strengthen Cloud Computing Capabilities to Streamline Digital Transformation (continued)

Growth Opportunity 3: Cloud-First Software Strategies for Greater Integration

Growth Opportunity 3: Cloud-First Software Strategies for Greater Integration (continued)

Growth Opportunity 4: Beyond SaaS—XaaS to Streamline Implementation of Digital Solutions

Growth Opportunity 4: Beyond SaaS—XaaS to Streamline Implementation of Digital Solutions (continued)

Growth Opportunity 5: Distributed Cybersecurity for Grid Reliability

Growth Opportunity 5: Distributed Cybersecurity for Grid Reliability (continued)

Growth Opportunity 6: Adoption of Microservices Architecture for Increased Software Flexibility

Growth Opportunity 6: Adoption of Microservices Architecture for Increased Software Flexibility (continued)

Growth Opportunity 7: Distributed Intelligence to Move from Sensing to Actuating

Growth Opportunity 7: Distributed Intelligence to Move from Sensing to Actuating (continued)

List of Exhibits

Legal Disclaimer

Acronyms


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Digitalization is the key enabler of decentralization and decarbonization, the other two Ds shaping the energy industry transformation. Cloud computing, Big Data, analytics, and the Internet of Things (IoT) are among technologies that enable the digital transformation of electric utilities and facilitate new ways of electricity production, storage, distribution, and consumption. As the backbone that integrates renewable energy, enables higher electrification rates, and manages multidirectional flows of distributed energy resources (DERs) and loads, digital investment in power distribution grids and retail is necessary for the energy transition. Market shifts and the proliferation of technologies, including smart appliances, electric mobility, and distributed solar and storage, are shaping future distribution utilities into highly flexible and strong decarbonization advocates. They are set to be key DER orchestrators and provide energy as a service bundled with related, value-added solutions tailored to users individual preferences. To achieve the vision, power distribution and retail utilities focus their digital investment and efforts on three main areas to: a) enhance customer service and engagement levels; b) improve operational reliability and efficiency; and c) integrate and manage smart home technologies, DERs, and electric vehicles to provide value-added energy-related connected businesses. Following this segmentation, this study provides regional forecasts and analyses of digital expenditure evolution in the next 10 years for Europe, North America, and Latin America. It also describes the main application areas, software, systems, and platforms used. The report presents the competitive landscape and trends and highlights growth opportunities regarding meter data usage, cloud computing, SaaS and XaaS business models, distributed cybersecurity, microservices, and distributed intelligence. Author: Maria Benintende
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Maria Benintende
Industries Energy
WIP Number K60A-01-00-00-00
Is Prebook No
GPS Codes 9AFE-A4,9B00-A4,9851,9852,GETE

Power Distribution and Retail Digital Transformation Growth Opportunities

$4,000.00

Special Price $3,000.00 save 25 %

In stock
SKU
EG02170-NA-MT_25708