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Digital utility systems help monitor, control, and optimize energy consumption in buildings, industrial processes, and transportation networks. Smart meters, sensors, and advanced analytics enable real-time monitoring and analysis of energy usage, allowing for energy-efficient operations and reducing waste.
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Opportunity Analysis and Industry Forecast, 2016-2023 Digital Utility Market by Technology, by Network : Global Opportunity Analysis and Industry Forecast, 2023-2032 • Pages: 450 Tables: 153 Charts: 85
Global Digital Utility Market Outlook (2023 – 2032) • Top Impacting Factors: • The global digital utility market was valued at $214.2 million in 2022 and is projected to reach $594.2 million by 2032, growing at a CAGR of 10.8% from 2023 to 2032. • Digital utility systems help monitor, control, and optimize energy consumption in buildings, industrial processes, and transportation networks. Smart meters, sensors, and advanced analytics enable real-time monitoring and analysis of energy usage, allowing for energy-efficient operations and reducing waste. • The growing focus on renewable energy projects and energy storage devices, thermally activated technologies, and transmission & distribution systems have allowed an increase in investments in renewable energy projects. • By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Pages: 450 Tables: 153 Charts: 85
Global Digital Utility Market Outlook (2023 – 2032) • An increase in distribution and renewable power generation initiatives is a key factor that contributes to the expansion of the digital utility market growth. • Recycling battery materials is an important part of sustainable EV production as it may help reduce the demand for raw materials. • Due to substantial investments in smart metering and EV charging, the hardware segment dominated the global market. • The transmission and distribution segment accounted for the largest share of nearly three-fifth of the global Digital Utility market revenue and is the fastest-growing segment with a CAGR of 10.9%. • Pages: 450 Tables: 153 Charts: 85
Global Digital Utility Market Outlook (2023 – 2032) • Key Findings of Global Digital Utility Market Outlook (2023 – 2032) • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital utility market analysis from 2022 to 2032 to identify the prevailing digital utility market opportunities. • The market research is offered along with information related to key drivers, restraints, and opportunities. • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. • In-depth analysis of the digital utility market segmentation assists to determine the prevailing market opportunities. • Major countries in each region are mapped according to their revenue contribution to the global market. • Pages: 450 Tables: 153 Charts: 85
Global Digital Utility Market Outlook (2023 – 2032) • The key players profiled in the report include: • SAP SE • Oracle Corporation. • Cisco Systems Inc. • Microsoft Corporation • Accenture plc • Capgemini • ABB Ltd. • Schneider Electric SE • Siemens • General Electric Company • Pages: 450 Tables: 153 Charts: 85
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