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The Utility Asset Management Market is expected to grow from an estimated USD 2.75 Billion in 2017 to USD 4.09 Billion by 2022, registering a CAGR of 8.25%, from 2017 to 2022. The global market is set to witness a significant growth due to increasing investments in grid modernization, requirement for energy efficiency, necessity to reduce transmission and distribution losses, and increasing grid complexity.
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Utility Asset Management Market by Application (Transformer, Sub-Station, Transmission & Distribution Lines), Component (Hardware, Software), Utility Type (Public Utility, Private Utility), and Region – Global Forecast to 2022 www.MarketsandMarkets.com
The public utility segment is expected to hold the largest share of the utility asset management market, by utility type, during the forecast period Most of the utilities across the globe are either country owned or state owned. The public utility segment within the utility type segment led the utility asset management market in 2016 and is expected to dominate the market during the forecast period. The growth of this segment is primarily driven by increasing investments in grid modernization and requirement for energy efficiency. Public utilities are funded by government and have a huge customer base. PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=218324969
The hardware segment is expected to be the fastest growing component segment of the utility asset management market The component segment is divided into hardware and software sub-segments. The sensors in hardware and equipment/component management market in software, led the utility asset management market in 2016, and is expected to dominate the utility asset management market during the forecast period. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=%20218324969
Browse >> 79 market data tables 32 figures 147 pagesand in-depth TOC on “Utility Asset Management Market - Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
North America: The leading market for utility asset management system In this report, the utility asset management market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The market in North America is expected to dominate the global utility asset management market. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=%20218324969
The target audience of this report includes: • Equipment/Component asset management system providers • Electric utilities • Current/Voltagemeasurement device manufacturers and integrators • Government agencies • Investors and financial community professionals • Market research and consulting firms • Government and research organizations • Speak to analyst @https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=218324969
Key players - • To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the utility asset management market. These players include • Siemens AG (Germany), • ABB Ltd. (Switzerland), • General Electric Company (US), • Emerson Electric (US), etc. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=%20218324969
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