global digital utility market is pegged at $105.34 b in 2016 & doubles $281.08 b 2023, expected to grow at a cagr of 15.0%

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“Digital Utility – Global Market Outlook (2017-2023)”
A new research document with title ‘Digital Utility – Global Market Outlook (2017-2023)’ covering detailed analysis, Competitive landscape, forecast and strategies.

 The study covers geographic analysis that includes regions like North America, • US, • Canada, • Mexico,• Europe, • Germany , • U.K., • Italy, • France, • Spain , • Rest of Europe,• Asia Pacific, • Japan, • China, • India, • Australia, • New Zealand, • South Korea, • Rest of Asia Pacific,• South America, • Argentina, • Brazil, • Chile, • Rest of South America,• Middle East & Africa, • Saudi Arabia, • UAE, • Qatar, • South Africa, • Rest of Middle East & Africa and important players/vendors such as Microsoft Corporation, Oracle Corporation, SAP SE, Schneider Electric SE etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2023

 Request for sample pages @ https://www.htfmarketreport.com/sample-report/721260-digital-utility-global-market-outlook

 

 

According to Research, the 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.

 

2016

105.34

2017

121.141

2018

139.31215

2019

160.2089725

2020

184.2403184

2021

211.8763661

2022

243.6578211

2023

280.2064942

 

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.

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

 

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

Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=721260

 

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

 

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1 Executive Summary       

         

2 Preface        

 2.1 Abstract       

 2.2 Stake Holders      

 2.3 Research Scope      

 2.4 Research Methodology     

  2.4.1 Data Mining     

  2.4.2 Data Analysis     

  2.4.3 Data Validation     

  2.4.4 Research Approach     

 2.5 Research Sources      

  2.5.1 Primary Research Sources    

  2.5.2 Secondary Research Sources    

  2.5.3 Assumptions     

         

3 Market Trend Analysis      

 3.1 Introduction      

 3.2 Drivers       

 3.3 Restraints      

 3.4 Opportunities      

 3.5 Threats       

 3.6 Technology Analysis     

 3.7 Emerging Markets      

 3.8 Futuristic Market Scenario     

         

4 Porters Five Force Analysis      

 4.1 Bargaining power of suppliers     

 4.2 Bargaining power of buyers     

 4.3 Threat of substitutes     

 4.4 Threat of new entrants     

 4.5 Competitive rivalry      

         

….Continued

 

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/721260-digital-utility-global-market-outlook

 

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

 

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