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FeedsHome: Spring 2012 › Top ten predictions
Top ten predictions
04/05/2012 | Channel: Gas, Water, Electricity, Renewable Energy, Nuclear
IDC Energy Insights has revealed its Top Ten Predictions for Europe, Middle East and Africa (EMEA) utilities industry in a complimentary web conference.
Attended live by over 150 utilities and vendors, the web conference highlighted key trends and developments that will impact EMEA utilities’ business and technology investment decisions in 2012 and beyond.
IDC Energy Insights predictions for the next 12 months have been developed specifically taking into consideration the future impact of the major world events of 2011. Starting with the long-term impacts of Fukushima on electricity generation mix and security of supply, and Germany, strategising the country’s nuclear phase out in favour of renewable and gas energy sources. Regionally speaking, the Middle Eastern and African regions will continue to strive to increase their power supply focusing on energy interconnections and fuel diversification. Europe will focus on the completion of its internal energy market goal by 2014, which will have to cope with the Euro-zone’s sovereign debt crunch that became a major issue for some of the major EU economies in the latter half of 2011.
IDC Energy Insights’ Top Ten Predictions for the EMEA utilities industry for 2012 and beyond are:
1. Smart meter installed base across EMEA will scale up to 71 million units
2. Investments in Advanced Distribution Automation will accelerate in 2012
3. Growth of additional PV modules installation will decline in 2012
4. Demand Side participation will call for markets redesign in order to take off
5. Proactive suppliers will take competitive advantage of rollout of smarter technologies
6. Smart cities journey will evolve from concept to orchestrated actions
7. Smart Grids vendors ecosystem turmoil will not stop
8. Smart Grids end-to-end cyber security & data privacy will bring new forms of collaboration
9. Smart Energy and Operational Excellence will both call for ‘Smarter Data’
10. EMEA Utilities IT spending will reach $16.1 billion in 2012
IDC Energy Insights predictions for the next 12 months have been developed specifically taking into consideration the future impact of the major world events of 2011. Starting with the long-term impacts of Fukushima on electricity generation mix and security of supply, and Germany, strategising the country’s nuclear phase out in favour of renewable and gas energy sources. Regionally speaking, the Middle Eastern and African regions will continue to strive to increase their power supply focusing on energy interconnections and fuel diversification. Europe will focus on the completion of its internal energy market goal by 2014, which will have to cope with the Euro-zone’s sovereign debt crunch that became a major issue for some of the major EU economies in the latter half of 2011.
IDC Energy Insights’ Top Ten Predictions for the EMEA utilities industry for 2012 and beyond are:
1. Smart meter installed base across EMEA will scale up to 71 million units
2. Investments in Advanced Distribution Automation will accelerate in 2012
3. Growth of additional PV modules installation will decline in 2012
4. Demand Side participation will call for markets redesign in order to take off
5. Proactive suppliers will take competitive advantage of rollout of smarter technologies
6. Smart cities journey will evolve from concept to orchestrated actions
7. Smart Grids vendors ecosystem turmoil will not stop
8. Smart Grids end-to-end cyber security & data privacy will bring new forms of collaboration
9. Smart Energy and Operational Excellence will both call for ‘Smarter Data’
10. EMEA Utilities IT spending will reach $16.1 billion in 2012