TECH BUYER Nov 2021 - Tech Buyer Presentation - Doc # AP46517821

Digital Transformation Trends and Priorities Within China Utilities

By: Pallavi Priyadarsini, Jayesh VermaSenior Research Manager

On-line Presentation

Abstract

This IDC presentation analyzes the structure and government framework of China's utilities industry along with trends, focus areas, future scenarios, and business and technology priorities, such as investment goals, renewable integration, enabling technologies, use cases, and so on. The information presented in this report is based on IDC research, analyst perspectives, and IDC's 2020 Industry 4.0 Survey, which includes 103 utility organizations across Asia/Pacific.

The power sector in China is mainly governed by the National Development and Reform Commission (NDRC) and National Energy Administration (NEA), which coordinate overall energy policies, evaluate energy security and new energy development strategies, and coordinate international cooperation on climate change, carbon reduction, and energy efficiency. According to the proposal outline of the 14th Five-Year Plan (2021–2025), China is committed to control the aggregate amount and intensity of energy consumption, reduce the use of fossil energy, and advance the low-carbon transition of sectors such as industry, construction, and transportation.

"China targets becoming carbon-neutral by 2060, contributing 40% of the worldwide renewable installed capacity by 2024, and making public transportation entirely electric by 2035. With growing renewables and distributed energy resources (DERs), the country is more focused toward an innovation-driven development approach, which means leveraging cutting-edge technologies, such as cloud, artificial intelligence (AI), Internet of Things (IoT), 5G, blockchain, and robotics, to drive sustainable business growth in a complex environment," says Jayesh Verma, senior research manager, IDC Asia/Pacific Energy Insights.


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