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Digital Utility Market by Network, Technology, and Region- Global Forecast to 2022

The global digital utility market was valued at USD 121.54 Billion in 2016 and is expected to grow at a CAGR of 12.57%, from 2017 to 2022. An increase in the number of distributed and renewable power generation projects, energy efficiency mandates demanding carbon emission reduction, and strict regulatory requirements for electric utilities are the major drivers that would trigger growth in the digital utility market.

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Digital Utility Market by Network, Technology, and Region- Global Forecast to 2022

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  1. Digital Utility Market by Network, Technology, and Region - Global Forecast to 2022 www.MarketsandMarkets.com

  2. The transmission and distribution segment is expected to hold the largest share of the digital utility market, by network, during the forecast period. The transmission and distribution subsegment of the network segment led the digital utility market in 2016 and is projected to dominate the market during the forecast period. However, the retail segment is expected to grow at the fastest rate during the forecast period. The growth of the transmission and distribution segment is primarily driven by aging infrastructure in the power utilities industry. New digital devices and communications and control systems improve the efficiency of assets and increase the ability of operators to monitor and manage electric transmission and distribution systems. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=230978516

  3. The hardware subsegment is expected to hold the largest share of the digital utility market, by technology, during the forecast period. The hardware subsegment of the technology segment led the digital utility market in 2016 and is projected to dominate the market during the forecast period. However, the integrated solutions segment is expected to grow at the fastest rate during the forecast period. The hardware segment includes all the tangible aspects of the digital utility market. It covers equipment, from smart meters to smart transformers and all the products of a digital substation. It also encompasses all the components that make conventional equipment smart, such as sensors, smart thermostats, and programmable logic controllers, among others. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=230978516

  4. Browse >> 63market data tables 35figures 144 pagesand in-depth TOC on “Digital Utility Market by Network, Technology, and Region - Global Forecast to 2022” 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.

  5. North America: The leading market for digital utility In this report, the digital utility market has been analyzed with respect to six regions, namely, North America, South America, Asia-Pacific, Europe, Middle-East, and Africa. The market in North America led the global digital utility market in 2016.The utilities in North America have been undergoing a digital transformation for the past several years. Utility providers in the region are focused on the upgradation of power infrastructure through digital technologies such as smart meters and smart grids, among others. The U.S. government launched the Smart Grid Investment Grant (SGIG) program for smart grid development. There was an investment of USD 118.5 billion, in 2016, in smart cities in the region; this is expected to increase to USD 244.5 billion by 2021. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=230978516

  6. Target Audience: • The target audience of this report includes: • Electric utilities • Distributed energy resource (DER) companies • Electrical infrastructure providers • IT vendors • Transmission and distribution systems operators • Systems integrators • Government agencies • Investors and financial community professionals • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=230978516

  7. Key players - • To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Digital Utility Market , namely: • Accenture plc (Ireland), • Cap Gemini S.A. (France), • General Electric Company (U.S.), • Siemens AG (Germany), • SAP SE (Germany), • International Business Machines Corporation (U.S.). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=230978516

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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