Digital Utility Industry SWOT Analysis, Size, Share, Price, Trends and Growth Forecast to 2025

Digital Utility Industry

Description

Global Digital Utility Market is accounted for $105.34 billion in 2016 and expected to grow at a CAGR of 15.0% to reach $281.08 billion by 2023. Factors such as growing distributed and renewable power generation projects and stringent regulatory norms for electric utilities are driving the market growth. However, high initial costs will hinder the market growth. Smart Cities along with Smart meters & smart grids will provide opportunity for the market to grow. Cyber security in the power and utilities sector is a major threat to the market. 

The hardware segment of the technology is anticipated to dominate the market during the forecast period because it is widely used in equipment, like smart meters & smart transformers. Smart grids are more efficient and less capital intense, allowing for predictive maintenance and better asset health. The Digital Utility is providing platform solution for real-time analytics. All major energy suppliers have invested in online and especially mobile channels in recent years. The adoption of advanced digital technology in utility is widely used in U.S as it is driven by quality data and effective process automation. 

Based on Network, the transmission and distribution segment dominated market due to increase in monitoring and management of electric transmission and distribution systems. The retail segment is anticipated to grow at the highest CAGR, during the forecast period as by using customer data analytics, one northern European energy supplier was able to increase up-selling and cross-selling significantly. For instance, Thermondo in Germany, have utilized their business model on improving various customer interaction points.

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North America is the largest market for digital utility, followed by the Europe. Rising investments in electrical infrastructure and increasing electricity demand are driving the market in this region. The U.S. government launched the Smart Grid Investment Grant (SGIG) program for smart grid development. In 2015, nearly half of U.S. customers had smart meters. 

The key players in global Digital Utility market are International Business Machine Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Schneider Electric SE, Siemens AG, ABB Ltd., Accenture PLC, Capgemini SA, Cisco Systems Inc., Eaton Corporation PLC and General Electric Company.

Deployment Modes Covered: 
• On Premises 
• Hybrid 
• Cloud

Technologies Covered: 
• Software 
• Hardware 
• Services

Networks Covered: 
• Transmission & Distribution 
• Generation 
• Retail

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Regions Covered: 
• North America 
o US 
o Canada 
o Mexico 
• Europe 
o Germany 
o UK 
o Italy 
o France 
o Spain 
o Rest of Europe 
• Asia Pacific 
o Japan 
o China 
o India 
o Australia 
o New Zealand 
o South Korea 
o Rest of Asia Pacific 
• South America 
o Argentina 
o Brazil 
o Chile 
o Rest of South America 
• Middle East & Africa 
o Saudi Arabia 
o UAE 
o Qatar 
o South Africa 
o Rest of Middle East & Africa

What our report offers: 
– Market share assessments for the regional and country level segments 
– Market share analysis of the top industry players 
– Strategic recommendations for the new entrants 
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets 
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) 
– Strategic recommendations in key business segments based on the market estimations 
– Competitive landscaping mapping the key common trends 
– Company profiling with detailed strategies, financials, and recent developments 
– Supply chain trends mapping the latest technological advancements

Table of Content

1 Executive Summary 

2 Preface 

3 Market Trend Analysis 

4 Porters Five Force Analysis 

5 Global Digital Utility Market, By Deployment Mode 

6 Global Digital Utility Market, By Technology 

7 Global Digital Utility Market, By Network 

8 Global Digital Utility Market, By Geography 

9 Key Developments 

10 Company Profiling 

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List of Tables 
Table 1 Global Digital Utility Market Outlook, By Region (2014-2023) ($MN) 
Table 2 Global Digital Utility Market Outlook, By Deployment Mode (2014-2023) ($MN) 
Table 3 Global Digital Utility Market Outlook, By On Premises (2014-2023) ($MN) 
Table 4 Global Digital Utility Market Outlook, By Hybrid (2014-2023) ($MN) 
Table 5 Global Digital Utility Market Outlook, By Cloud (2014-2023) ($MN) 
Table 6 Global Digital Utility Market Outlook, By Technology (2014-2023) ($MN) 
Table 7 Global Digital Utility Market Outlook, By Software (2014-2023) ($MN) 
Table 8 Global Digital Utility Market Outlook, By Hardware (2014-2023) ($MN) 
Table 9 Global Digital Utility Market Outlook, By Services (2014-2023) ($MN) 
Table 10 Global Digital Utility Market Outlook, By On Cloud Services (2014-2023) ($MN) 
Table 11 Global Digital Utility Market Outlook, By On Premises Services (2014-2023) ($MN) 
Table 12 Global Digital Utility Market Outlook, By Network (2014-2023) ($MN) 
Table 13 Global Digital Utility Market Outlook, By Transmission & Distribution (2014-2023) ($MN) 
Table 14 Global Digital Utility Market Outlook, By Generation (2014-2023) ($MN) 
Table 15 Global Digital Utility Market Outlook, By Retail (2014-2023) ($MN) 
Table 16 North America Digital Utility Market Outlook, By Country (2014-2023) ($MN) 

Continued…

ALSO READ : https://icrowdnewswire.com/2021/01/18/encryption-software-market-2021-key-players-industry-size-share-price-trend-and-forecast-to-2026/ 

About the Author :

Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs.

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