TECH SUPPLIER Apr 2021 - Market Perspective - Doc # EUR146518521
EMEA Utilities Industry Quarterly Update: January–March 2021
This IDC Market Perspective provides an overview of the utilities industry in 1Q21, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major traditional infrastructure projects; major renewables infrastructure projects; major green hydrogen projects; water developments; major hybrid and battery energy storage projects; smart metering, smart grid, and energy efficiency initiatives; major emobility activities; major IT ecosystem acquisitions and agreements; and major IT and OT contract wins.
"2021 kicked off with renewed optimism for economic recovery as vaccination rates are picking up around the globe. This has enabled businesses to cautiously resume operations toward pre-pandemic levels. Despite a challenging 2020, the deployment of renewable energies has never been more promising, and commitment from nations, utilities, and even oil and gas companies for expanding EV adoption is clear. Finally, the acceleration of utilities' customer engagement activities in 2020 are expected to advance this year as the residential market has come to expect better customer experience even from their energy suppliers," said Gaia Gallotti, associate research director, IDC Energy Insights.