Utilities face special challenges as they try to meet increasing demands from customers, regulators, and a market that’s becoming increasingly diverse. Executives at each utility must determine which technologies make sense to meet its specific goals and, in 2020, there will be plenty to choose from.Technological Trends That Will Rule the Energy and Utilities Industry in 2020. The utility industry is currently facing intense competition from the service providers and introducing new technologies and innovative products. Satisfying customer expectations has become the most important concern of the industry.16/12/2019 · The industry has made enough progress in 2019 to enable the mass adoption of digital transformation projects in 2020 for small and big utilities. This is based on the following three trends in 2020: Internet of Things (IoT) at Scale: Leading utilities will start transforming ambitious digital pilot projects into full scale deployment initiatives.The Utilities industry is slowly but surely catching up. Technological advancements such as AI, Cloud Computing, Autonomous Data Warehouses, Big Data, Mobile Applications and Internet of Things, IoT, have already proven to be the be-all and end-all for companies across all industries to adopt sooner, rather than later.27/02/2020 · Five trends will define utilities in 2020. I was recently asked how I would describe the utilities industry over the past decade and two words came to mind: disruption and transformation. The unprecedented disruption in the market required significant transformation by utilities to adapt to changing demands and new ways of operating.19/11/2019 · Research firm Deloitte has released its 2020 Power and Utilities Industry Outlook which explores paths to transformation by energy providers in the US. Scott Smith, Deloitte’s US Power & Utilities Leader, said the top five trends to watch in 2020 for the electric power industry, include: Power and utility companies are likely to raise the bar on ...26/11/2020 · Let us look at some key trends in the power industry that can be seen in 2020: Electric Vehicles. The last few years have seen an increase in the adoption of electric vehicles. This is expected to continue in 2020 as well. Governments across the globe are setting EV deployment targets, which would encourage industry stakeholders to invest in the EV supply …The outlook for three trends we identified at the beginning of 2020 seems to have markedly changed. First, an industry that was raising the bar on climate goals now appears poised to vault that bar sooner thanks to a raised floor, as renewables abruptly acquired a higher share of electricity demand.Industry spending will likely remain high, and renewable penetration could accelerate further. 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.
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