Power Industry Top 20 Themes Predictions for 2023 - Thematic Intelligence

Power Industry Top 20 Themes Predictions for 2023 - Thematic Intelligence

Summary

In this report, we identify the top 20 themes that will impact the power sector in 2023. For each theme, we offer a series of predictions, identify winners and losers, and point you to further reading.

We classify our top 20 themes for 2023 into three groups. 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.

The major macroeconomic themes impacting the power sector in 2023 will be geopolitics, and environmental, social and governance (ESG).

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.

Scope

  • 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

The report provides -
  • 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.


Executive Summary
2023 Theme Map
Artificial Intelligence
AI will optimize the energy market
More power utilities will adopt AI for forecasting
AI will benefit renewable energy
AI will advance the energy transition to net zero
Winners
Further reading
Big Data
Big data will address energy consumption analytics
Big data will impact renewable energy
Big data will deliver superior gains to the energy sector
Big data analytics will optimize EV chargers
Winners
Further reading
Blockchain
Blockchain will build peer-to-peer (P2P) energy trading
Blockchain will impact wholesale electricity distribution
Blockchain will certify sources of green energy
Winners
Further reading
Cybersecurity
Digitalization will accelerate the need for cybersecurity
Geopolitics will play a key role in cybersecurity
Cybersecurity resilience is critical to reaching net-zero
Winners and losers
Further reading
Cloud Computing
Cloud computing will benefit the power industry
Cloud computing applications will grow in smart grids
More power companies will adopt cloud computing in 2023
Winners
Further reading
The Internet of Things
The Internet of Things (IoT) will optimize the power sector
IoT applications will redefine the power grid
IoT will boost renewable energy
The adoption of IoT technology will benefit power utilities
Winners
Further reading
Virtual and Augmented Reality
Augmented reality will deliver digitized maintenance
AR and VR will pave the way for renewable energy
VR and AR enterprises will grow in the commercial market
Winners
Further reading
Electric Vehicles
Electric vehicles will have a greater impact on power utilities
EVs will be driven by key market drives
Electric vehicle charging infrastructure will grow
Winners and losers
Further reading
Smart Grid
Big data will play a significant role in the smart grid
Accelerating towards smart grid solutions
Smart grid adoption will reduce carbon footprint
Winners
Further reading
Robotics
Robotics will lead the power industry
Robotics will enable faster renewable installation
Robotics will address utilities with an aging workforce
Winners
Further reading
Drones
Drone technology will power the future of utilities
Drones will improve operational and maintenance measures
Drones will ease the predictive maintenance of power assets
Winners
Further reading
Geopolitics
Geopolitics outlook in the power sector
Impact of the Ukraine-Russia conflict on the global economy
Supply chain and demand disruption
Winners
Further reading
ESG
The rising need for ESG in the power industry
Main trends shaping ESG in the power sector
Policies and governance to reduce emissions and achieve net zero target
Winners and losers
Further reading
Renewable Energy
Renewable energy will continue to drive the power industry
An exponential rise in renewable energy deals
Wind and solar will dominate the renewables market
Winners
Further reading
Energy Transition
Investments in energy transition projects will rise
High energy prices will push for more renewables
The energy transition will add millions of jobs globally
Winners
Further reading
Energy Storage
Energy storage will assist in a carbon-neutral economy
The energy storage market will continue to grow
Energy storage systems will be more beneficial to the power industry
Winners
Further reading
Distributed Generation
Demand for distributed generation will rise
Microgrid technology will have a major impact
The microgrid will manage the power network better
Winners
Further reading
Carbon Emissions
Continuous measures to mitigate carbon emissions
Decarbonizing transportation
Investing in next-generation clean technologies
SFDR will be mandatory from 2023
Winners
Further reading
Predictive Maintenance
Predictive maintenance will improve power assets' efficiency
Predictive maintenance will enhance power generation efficiency
Predictive maintenance in renewable energy systems
Winners
Further reading
Hydrogen
Electrolyzers are the first step toward clean hydrogen production
Hydrogen will serve as a source of energy storage
Hydrogen adoption strategies by world economies
Winners
Further reading
Glossary
Further Reading
GlobalData reports
Our thematic research methodology
About GlobalData
Contact Us
List of Tables
Table 1: Glossary
Table 2: GlobalData reports
List of Figures
Figure 1: Our 2023 theme map shows the biggest themes driving growth in the power sector
Figure 2: Artificial Intelligence
Figure 3: Big Data
Figure 4: Blockchain
Figure 5: Cybersecurity
Figure 6: Cloud Computing
Figure 7: The Internet of Things
Figure 8: Virtual and Augmented Reality
Figure 9: Electric Vehicles
Figure 10: Smart Grid
Figure 11: Robotics
Figure 12: Drones
Figure 13: Geopolitics
Figure 14: ESG
Figure 15: Renewable Energy
Figure 16: Energy Transition
Figure 17: Energy Storage
Figure 18: Distributed Generation
Figure 19: Carbon Emissions
Figure 20: Predictive Maintenance
Figure 21: Hydrogen
Figure 22: Our five-step approach for generating a sector scorecard

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