target audience: TECH SUPPLIER Publication date: May 2024 - Document type: Market Presentation - Doc Document number: # US50774524
Industry Analysis Perspective: Asia/Pacific Electric Utilities, 2024
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Abstract
This IDC Market Presentation is designed to provide technology vendors' sales, marketing, and product and channel managers with foundational insight into the electric utilities industry in Asia/Pacific in 2024. By understanding the market dynamics and industry composition in specific countries, sales, marketers, and product and channel managers will be able to determine the key areas that their technology products and services can truly add value to energy companies.
Through this report, readers will gain a comprehensive understanding of the business components and workings of the electric utilities industry in Asia/Pacific in 2024 and their resulting impact on IT go-to-market (GTM) strategy. The report gives a deep understanding of the industry and how it works from a regional and even a country perspective and the major players in each market.
"Asia's electric utilities are transitioning toward new business models and greater decentralization, with an increasing emphasis on integrating distributed energy resources and enhancing the consumer experience. Additionally, there is a pressing need for compliance with dynamic regulatory standards and policy adjustments. These changes necessitate substantial investments in infrastructure upgrades to strengthen the grid and enhance operational efficiencies through intelligent asset management and comprehensive digitalization initiatives that include cloud technologies, AI, and big data and analytics. For technology vendors in Asia/Pacific, this shift toward digital-first operations presents substantial opportunities. This report offers detailed country-specific insights into the industry dynamics and outlines the major players," says Rakesh Patni, associate research director, IDC Energy Insights.