October 7, 2022 - North American utilities' procurement leaders are tackling today's challenging times by partnering closely with business unit. The report estimates global compact utility vehicle market to grow at nearly 2.4% during 2021-2031. Silicon photonics will be a fundamental technology to address the bandwidth, latency, and energy challenges in the fabric of high-end systems. Utilities Sector: The utilities sector is a category of stocks for utilities such as gas and power. 1. Here are the biggest 5 Energy Sector Technology trends and the strategies IT teams can use to make these trends work for their utilities in 2022. The 2022 report provides insight into issues such as investment, workforce . IUDNs link customer appliances, utility meters, transformers, and utility distribution operations, making it easier to monitor various components in the distribution system. In addition . A critical step toward these goals was congressional passage of the $1 trillion Infrastructure Investment and Jobs Act (IIJA), which President Biden signed into law on Nov. 15, 2021. The transportation sector is responsible for over 1/5th of global GHG emissions and is heavily dependent on fossil fuels. 1. The cloud is a critical part of such technological developments, and that trend will not change in the coming year. 0 0 65 . 3) Supply chains are putting pressure on renewable costs. Note: You can access chart data by right-clicking the chart in the PPT file. This has had several effects in the industry. Below we discuss 3 related trends and how they impact GridMarket's plans for 2022. Consequently, global power prices in 2022 will continue to reflect the ongoing tightness and volatility of the global market for gas and coal. Blast from the Past proving true: New Year's Forecast on Top Five Energy Industry Trends for 2022 Aug. 19, 2022 Below are the five trends that EnergyTech executive Teresa Hansen predicts will be at the top of the list in 2022 for North American grid owners and operators. Expect sustainable products to become mandatory among consumers in the coming months and years. EVs, including battery electric and plug-in hybrid, reached about 5% of new vehicle sales in 2021 and could reach 7% to 8% in 2022, according to Plug in America Executive Director Joel Levin.. in the oil and gas industry, more than 100,000 jobs were lost in 2020, and 50% of those positions remain open. It ensures complete compliance with the predicted abilities of a perfect power system. 2022 State of the Water Industry. In our annual power and utilities industry outlook, we explore five trends that will likely impact the industry in 2022, from enhancing decarbonization and resiliency strategies, to deploying 5G and cloud technologies, to harnessing flexible load and supporting building electrification. The price of energy commodities and precious metals, which started to soften towards the end of 2021, increased to near-historic highs by March 2022. Iota - AI-Powered Building Energy Services 2022 Sustainability Trends. The United States installed 4.3 gigawatts-AC (GWac) of photovoltaics (PV) in Q1 2022; ~45% of that was in Texas, Florida, and California. Global compact utility vehicle sales are set to be valued at US$ 3.65 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm. In 2018, Europe had the same three to four percent EV market share we do now and, as of November 2021, EVs . It classify how companies deploying these technologies across various industry verticals aim to. Utility industry value chains are rapidly changing, and organizations need to operate across the enterprise and markets. Currently, EVs make up only three to four percent of the new light duty market here in the U.S., but industry analysts anticipate the EV market share in the U.S. to rise to 50 percent by 2030. Cybersecurity Will Continue as a Top Priority With a focus on Global Digital Utility Market and general market expansion and trends for 2022-2030, by Marketreports.info reports on the main elements and current market trends. Add on the impact of historically large investments being made into the electric utility space, and the demand for skilled, experienced, and adaptable resources will drive a massive resource crunch in 2022. Oct 12, 2022 (The Expresswire) -- In 2022, Current Utility Asset Management Market Size with Newest [93] Pages Report Utility Asset Management industry. There is a common denominator underpinning the technology trends affecting utilities today - data. Trend 1: Europe continues to lead EV adoption. The report offers analysis in 20+ high-growth markets, providing . For Asia-Pacific Utilities, energy transition will be the key credit driver. The market is primarily driven by the growing adoption of clean energy systems in the utility, commercial, and residential sectors. The sector contains companies such as electric, gas and water firms, and integrated providers . The Utilities sector comprises establishments engaged in the provision of the following utility services: electric power, natural gas, steam supply, water supply, and sewage removal. 3 compounding this shortage is the growing need for a Sustainable Aviation Fuel is also expected to grow over 2022 and beyond, as more and more countries set incentives to reduce the aviation industry's carbon emissions. Sustainable Products Will Become the Norm. Our report has categorized the market based on deployment mode, type and end user. Get the Latest News from the Utilities Industry. The U.S. Energy Information Administration estimates solar will install almost 26 GWac in 2022 and 33 GWac in 2023 . Prices & Trends The prices of gasoline, coal, renewables and other fuels change rapidly, and are critical data points for citizens and industry professionals alike. TRY OUR METER READING SOLUTION! Dublin, Oct. 19, 2022 (GLOBE NEWSWIRE) -- The "South African Mining Industry Trends Report 2022" report has been added to ResearchAndMarkets.com's offering. Solar Firms 4) SEIA collects data on U.S. solar installations and energy consumption. Home Furnishings Business' 2022 Forecast predicts 2021 furniture industry sales will end up +18.8% and forecasts 2022 at +5.9%, with the furniture and bedding industry totaling over $160 billion by the end of 2022. 2022 Utilities Outlook Our 2021 Energy & Utilities Outlook covers six areas of opportunity for utilities as they work toward decarbonizing, many of which are well underway at utilities across the country: Improving resiliency Integrating distributed energy resources Electrifying transportation Delivering on the customer promise Industry Trends Production UAE accelerates plan to increase its oil production capacity September 19, 2022 The United Arab Emirates is accelerating a plan to raise its oil production capacity,. These are the five biggest Solar Energy Industry Trends that we are promptly looking forward to in 2022. This item is part of the Power Industry 2022 Trends & Predictions - January 2022 SPECIAL ISSUE, click here for more Letter from the Community Leader: As members of the Energy Central Community know better than anyone, today's utility industry is more dynamic and fast-moving than it's been at any other point in our lifetimes. At the Big Data Industry Summit in Houston, from June 13 to 14, 2022, Uwa Airhiavbere, Senior Director, Strategic Alliances, Worldwide Energy Industry, will be sharing insights on how to tie environmental, social, and corporate governance (ESG) to digitalization, and explore how the back office and the front office are coming together to . With over 20 years of experience in model-based engineering, Modelon's Energy and Process Industry Director, Stphane Velut, shares his views on energy technologies trends, observations & insights - with a focus on what he is seeing in the industry and how simulation software is enabling . Oct 20, 2022 (The Expresswire) -- "Underground Utilities Mapping Services Market" Growth Research Report 2022 . Download. This report provides an overview of . 1 in manufacturing, job openings hover near all-time highs at over 800,000. Keeping an Eye on Market Research Trends in 2022 Since 2004, AWWA publishes the annual State of the Water Industry Report to help water utilities, service providers, regulators and researchers identify and prepare for challenges, opportunities, and trends impacting the water community. Business Trends. Solar Energy Trends To Prepare For In 2022 Despite the COVID-19 pandemic, the solar energy industry has been remarkably resilient. Power and utilities divestitures will continue to support investments in renewables. They also predicted that by the end of 2022, there will be a total installed capacity of 5.2 GW. They consider what's changed, what are they key assumptions for 2022, and what are the key risks. It has two parts: demand management and energy effectiveness. The global Utility Task Vehicles (UTV) Market report 2022 comprises an in-depth analysis of the global industry which aims to provide a comprehensive study of market insights pertaining to the . 3. Six beverage trends 2022. In . Dear Utilities Community, Energy production and consumption is changing dramatically, which means that the utilities industry is facing incredible challenges in providing sustainable, reliable and affordable energy to . The global wind energy market reached a value of US$ 76.17 Billion in 2021. Deal activity in the energy, utilities and resources sectors in the first six months of 2022 has been lower than we expected it to be at the beginning of the year, in terms of both the number of deals and the time it is taking to agree to a value and execute a deal. 1. In a recent Accenture study 83% of utility executives agree that their organization's business and technology strategies are becoming inseparableeven indistinguishable. Sep 29, 2022 (The Expresswire) -- Utility Communication Market explore investment in Market. Cloud adoption will likely grow for energy providers in 2022. Utility companies are striving to meet 3 primary goals in providing energy to their customers. The Five Biggest New Energy Trends In 2022 Adobe Stock Although it would be nice to think everyone wants to do their part in order to save the world, there are strong financial incentives. Thanks to Gen Z, sustainable products are one of the top sustainability trends. Also in 2021, prices for key raw materials for wind and solar photovoltaics (PV) technologies increased up to three times, owing to pandemic . The Annual Energy Outlook (AEO) presents an assessment by the U.S. Energy Information Administration of the outlook for energy markets through 2050. So, here are the top 4 energy and utility industry trends to pay attention to in 2022. The bubble tea industry is expanding globally, and its market is expected to expand by nearly $2 billion to $4.3 billion by 2027, from the United States to Germany, China, and Brazil. Although it was invented in the 1980s, bubble tea is poised to skyrocket in popularity. Photonics. S&P Global Ratings 07/25/2022 Industry Top Trends Midyear 2022: Relapse, Recession, Resilience Utilities Technology vision 2022 June 28, 2022 10-MINUTE READ Overview WebMe for Utilities The Unreal Programmable World Computing the Impossible RESEARCH REPORT In brief The metaverse is ushering in the next wave of digital change, providing forward-looking utilities with opportunity to succeed in a different future. According to Grand View Research Inc, the solar energy market is expected to grow by USD 176.2 billion by 2027, escalating at a CAGR of 4.3% over the forecast period. This research focuses on the three areas forming the themes of 2021 top utility trends: Technologies Resilient delivery IT capabilities Download your free copy to know more. The risk of recession is key to corporate credit prospects in the second half of 2022. They also get more expensive. In comparison, the U.K. government stated in its British Energy Security Strategy published in April 2022 that by 2030, 95% of British electricity could be low-carbon and by the end of 2023, the U.K.'s renewable capacity is set to increase by 15%. Get the latest wind turbine business and tech news delivered to your in-box Wind Industry Trends, 2021-2022 Wind Turbine Blades Get Bigger, Profits Not So Much As wind turbine blades get bigger, they produce more power. For anyone serious about transforming the utilities landscape, Future of Utilities Summit is the most anticipated event of the season. Demand-side Management Demand-side management is one of the trends that are ongoing in the year 2022 when it comes to energy sectors. The first is resiliency and reliability of the power grid, avoiding blackouts and downtime to provide consistent service. AMI infrastructure, digital twins, intelligent asset management, Geographical Information Systems, 5G and Artificial Intelligence are the water technology trends for 2022, according to Idrica. The bubble tea. This is due to the huge price difference . There has never been a more dynamic or fascinating time in the utility business. 1. These global trends are set to bring innovative use cases to revolutionize the water industry. Wind Energy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. Phil Schwarz January 6, 2022 3 minutes read If not such as wild ride as the oil & gas sector, the global Utilities industry witnessed its own share of volatility in 2021. This will be more than the total capacity of installed combined from 2008 - 2020. By 2022, multicore will be everywhere, from wearable systems and smartphones to cameras, games, automobiles, cloud servers, and exa-scale supercomputers. There is a projected income for Digital Utility in the period 2022-2030 (2022 is used as a starting point and 2030 as a projection period). The Intelligent Utility Distribution Network (IUDN) is a technology that is shaping the future of the natural gas industry. It's also a year in which we will see new and exotic sources of energy emerge from laboratory and pilot projects and start to become a part of everyday life. Networking and Interconnectivity. Interview Scaling electric-vehicle infrastructure to meet demand October 6, 2022 - An interview with Shell Recharge Solutions' Andreas Lips. 2 and six in ten engineering and construction companies report suffering from workforce shortages. Three payment models - pay-per-use, pay-per-time, and pay-per-amp, provide customers with the flexibility to adjust their energy usage by factoring in the various benefits of each model. More than any other generation, Gen Z is aware of climate change, loss of biodiversity, and the . Nicole Huth. Looking forward, IMARC Group expects the market to reach a value of US$ 123.24 Billion by 2027, exhibiting a CAGR of 8.10% during 2022-2027. According to expert solar analysts, the costs of building photovoltaic technologies will continue to drop at 4.4 per cent per annum. To maximize the utility of a knowledge platform like Bloomfire, business leaders across all levels and functional areas need to use the platform to share information and best practices, exchange ideas and collaborate-that is the power of democratizing knowledge. Despite challenges, the outlook on furniture industry growth is incredibly strong. Waste-to-Energy Market - Scope of Report This report on the global waste-to-energy market studies the past as well as the current growth trends and opportunities to gain valuable insights of the . According to BloombergNEF reporting released last month, by the end of 2030, the energy storage industry will have installed a total 358 gigawatts (GW) /1,028 gigawatt-hours (GWh . S&P Global Ratings' Industry Top Trends series sets out our industry experts' assumptions for 24 global industries in 2022. Description. The importance of technology to utilities in 2022 can't be overstated given the challenges of reducing carbon emissions and building more resiliency into networks. Published: 28 January 2022 Summary. Moving into 2022, watch these five trends next year and beyond. By Wrtsil. Ready-built AI solutions exist for everything from marketing to HR, project management, and planning and design of production processes. Major cost decline By 2022, solar energy costs are expected to drop another 25%. 2022 is set to be a record year in terms of the scale at which the switchover from fossil fuels to renewable sources will take place. Volatility in commodity prices hold risk for . Utility CIOs can use our 2021 research to reshape their business models by addressing the digital challenges new entrants pose. As of Q4 2021, the solar industry employed more than 255,000 workers. Download the research The pandemic caused resource shortages and price hikes that affected residential and industrial customers alike, and it's likely this environment will continue well into 2022. As energy transition accelerates, utilities will need to invest in every aspect of their operations from generation to transmission and distribution assets, all the way to the back office and demonstrate urgency in developing new business models and new technologies. Our ITT series sets out our industry experts' assumptions for 24 industries, drawn from assessments of more than 5,500 rated corporate and infrastructure entities. Article The industry already relies heavily on IoT devices and is using data to enable innovative tools such as digital twins. In a world where data is the most valuable asset, Advanced . Rapid technology improvements, government incentives for solar panels , and the increasing competitiveness of solar energy storage batteries have helped boost clean energy deployment. More specifically, how to achieve data transparency and gain insights from real-time data. Now in it's 32nd year, by uniting the energy and water sector, it's where the ordinary is challenged, collaboration is championed and innovation comes to life. Sustainable and Green Energy Sources Following COP26, we can expect to see an an acceleration in the decarbonization of operations of the energy and utility sectors. According to the TMT Predictions in 2022 Deloitte said that new FPV installations in 2021 and 2022 alone are anticipated to add a total capacity of 2.9GWp. For instance, France has. Business people and consumers are often best equipped to make decisions if they have current price trend information. CIOs can use this trend analysis to contextualize the impact of the shift to circular economies on utility digital business models, operating models and operations performance. Moving into 2022, watch these five trends next year and beyond. 1. October 18, 2022 1 minute read. In 2022 we will continue to see companies deploying AI and. Sustainable Aviation Fuel is also expected to grow over 2022 and beyond, as more and more countries set incentives to reduce the aviation industry's carbon emissions. Through spin-offs, stake sales and asset swaps, power and utilities companies continue to redraw their strategies in search of value pools that offer sustained growth in a time of . 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