Top 10 Predictions for the EMEA Utilities Industry Revealed by IDC Energy Insights
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, strategizing the country's nuclear phase out in favor 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 10 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
According to IDC Energy Insights, Head of EMEA, Roberta Bigliani, "Europe, Middle East and Africa (EMEA) is a patchwork of economies, on one side there are Euro-zone countries facing a very uncertain future, on the other side there are energy resource rich countries and under developed economies. Regardless, utilities active in the region must get in motion to execute huge investments to achieve challenging energy policy objectives. ICT is penetrating utilities' business activities more profoundly, and will play a pivotal role in enabling the implementation of next-generation utilities. IDC Energy Insights predicts EMEA utility industry IT spending will reach $16.1 billion in 2012."
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