target audience: TECH SUPPLIER Publication date: Mar 2024 - Document type: Market Presentation - Doc Document number: # US50773724
Industry Market Trends: Asia/Pacific Electric Utilities, 2024
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Abstract
This IDC Market Presentation aims to provide technology vendors with an overview of key business trends shaping the Asia/Pacific electric utilities industry in 2024. It offers a foundation of industry knowledge to help technology vendors develop a compelling narrative that resonates with Asia/Pacific energy clients, aligns products and services with utilities companies' business priorities, and demonstrates how relevant technology implementation contributes toward the achievement of their vision and goals.
"In the Asia/Pacific region, electric utility companies must embrace agility and innovation to meet escalating consumer demands amid the transition to low-carbon energy systems. They face the dual challenge of optimizing current assets while integrating renewables, within a shifting regulatory framework. Success hinges on adopting digital technologies, such as AI, for decarbonization, decentralization, asset optimization, and efficiency enhancement, while ensuring employee productivity and improving customer satisfaction. This strategic embrace is crucial for navigating the energy revolution effectively," says Rakesh Patni, associate research director, Energy Insights, Asia/Pacific