Global Energy Sector Witnesses Transformation with the Digitalization of Power Distribution and Retail Utilities

For further information on this analysis, Power Distribution and Retail Digital Transformation Growth Opportunities, please visit: https://frost.ly/6ne For further information on this analysis, Power Distribution and Retail Digital Transformation Growth Opportunities, please visit:https://frost.ly/6ne "Power grids are the backbone of the energy transition because they are a fundamental enabler of demand electrification and decentralized renewable energy (RE) integration. Hence, the...

For further information on this analysis, Power Distribution and Retail Digital Transformation Growth Opportunities, please visit: https://frost.ly/6ne

"Power grids are the backbone of the energy transition because they are a fundamental enabler of demand electrification and decentralized renewable energy (RE) integration. Hence, the digital transformation of power distribution companies and energy suppliers is a major trend that represents a considerable business opportunity," said Maria Benintende, Energy & Environment Research Analyst at Frost & Sullivan. "While digital investment has been traditionally aimed at the digitization of internal processes to reduce workloads and save costs, it is now increasingly being aimed at reinventing business models and creating new streams of income through connected businesses."

Benintende added: "Cloud computing is becoming the foundation for digital transformation. Its core value for power distributors and retailers is that it makes automation and integration between various services simpler, scalable, and less expensive."

Shaped by market shifts and the proliferation of a series of technologies—including smart appliances, electric mobility, and distributed solar and storage—new business models are becoming available. Some opportunities for market participants to capitalize on are:

Power Distribution and Retail Digital Transformation Growth Opportunities is the latest addition to Frost & Sullivan's Energy & Environment research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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Power Distribution and Retail Digital Transformation Growth Opportunities

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