Market Research Report
EMEA Utilities Industry Quarterly Update: October-December 2021
|EMEA Utilities Industry Quarterly Update: October-December 2021|
Published: January 31, 2022
Content info: 25 Pages
Delivery time: 1-2 business days
This IDC Market Perspective provides an overview of the utilities industry in 4Q21, 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; IT ecosystem major acquisitions and agreements; major IT and OT contract wins; and IT product announcements."While 2021 kicked off with renewed optimism for economic recovery and with vaccination rates picking up around the globe, the end of the year was marked by another surge due to the COVID-19 variant Omicron. Utilities continue to make significant investments to reach 2050 targets, and COP26 provided much-needed optimism. Companies will need to continue to strategize to protect their workforce, from COVID-19 and from pandemic burnout, as well as continue their mission of reskilling existing workforces and attracting talent from outside the industry. With growing attention globally around the net-zero economy, utilities must carve out their space considering their vast expertise in sustainability, clean energy, and carbon neutrality," said Gaia Gallotti, associate research director, IDC Energy Insights.