Global Digital Utility
Market Report
2024
The global Digital Utility market size is USD 195.5 billion in 2024. The Digital Utility market will show strongest growth with a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. This growth can be attributed to boost in renewable energy investments.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Digital Utility Market Report 2024.
According to Cognitive Market Research, the global Digital Utility market size is USD 195.5 billion in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Network |
|
Market Split by Technology |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Digital Utility industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Digital Utility Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The term "digital utility" denotes the digital transformation of the utility industry by incorporating digital working methods, typically with the goals of achieving business objectives. Business objectives that are frequently pursued include the development of novel business models, improved consumer interactions, and more efficient operations. Some examples of the diverse forms that current initiatives take include advancements in the cloud, big data, mobile, biometrics, and modernizing the grid using communication networks, sensors, automation, IT/IoT integration, AI, and integrated operation centers. The accelerated advancement of digital technologies has presented the utility industry with a transformative opportunity.
We have various report editions of Digital Utility Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In May 2023, Siemens, a German manufacturing company, has introduced a new portfolio known as Industrial Operations X. This portfolio enables users to seamlessly integrate hardware and software components. It enables operational technology (OT) to be adapted at the same rate as software. (Source:https://www.siemens.com/global/en/products/automation/topic-areas/industrial-operations-x.html)
Top Companies Market Share in Digital Utility Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and anticipated for around 40% of the global revenue. The expansion is owing to the growing number of environmentally friendly power plants and the increasing investments in the power grid. The market is expected to experience growth during the forecast period as a result of the emergence of numerous connected devices and the increasing digitalization of the world.
Asia-Pacific stands out as the fastest-growing region in the Digital Utility market. There is an increasing demand for domestic electricity in the region, and the regulatory norms are anticipated to change, which is expected to increase the demand for digital utility solutions. In addition, the regional market is expected to experience substantial expansion in the years ahead as a result of the growing demand for energy and the expansion of infrastructural development activities in APAC.
The current report Scope analyzes Digital Utility Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Digital Utility Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Digital Utility Industry growth. Digital Utility market has been segmented with the help of its Network, Technology , and others. Digital Utility market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Transmission & Distribution is the dominant category. As a result of the growing emphasis on the monitoring and administration of electric transmission and distribution systems, transmission and distribution solutions are used extensively throughout the utility industry. There are numerous electrical infrastructures that are aging worldwide and were originally designed to meet the energy needs of a different era. Utilities are making substantial investments in infrastructure upgrades to accommodate evolving business requirements. It entails the integration of cutting-edge automation technologies, communication systems, and sensors into the infrastructure.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Digital Utility Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Digital Utility from 2019 to 2031. This will also help to analyze the demand for Digital Utility across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Technology of Digital Utility are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Digital Utility market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Digital Utility Market is witnessing significant growth in the near future.
In 2023, the Generation segment accounted for noticeable share of global Digital Utility Market and is projected to experience significant growth in the near future.
The Hardware segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies General Electric , ABB Ltd. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Network | Generation, Transmission & Distribution, Retail |
Technology | Hardware, Integrated Solutions |
List of Competitors | General Electric, Siemens AG, ABB Ltd., Schneider Electric SE, IBM Corporation, Cisco Systems, Inc., Oracle Corporation, Itron, Inc., Honeywell International Inc., Eaton Corporation, Landis+Gyr AG, Sensus (Xylem Inc.), Huawei Technologies Co., Ltd., Toshiba Corporation, Aclara Technologies LLC |
This chapter will help you gain GLOBAL Market Analysis of Digital Utility. Further deep in this chapter, you will be able to review Global Digital Utility Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Digital Utility Market Trends North America Digital Utility Technological Road Map North America Digital Utility Market Drivers North America Digital Utility Market Restraints North America Digital Utility Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Network Analysis 2019 -2031, will provide market size split by Network. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Network Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Technology Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Digital Utility market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Generation have a significant impact on Digital Utility market? |
What are the key factors affecting the Generation and Transmission & Distribution of Digital Utility Market? |
What is the CAGR/Growth Rate of Hardware during the forecast period? |
By type, which segment accounted for largest share of the global Digital Utility Market? |
Which region is expected to dominate the global Digital Utility Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Digital Utility Market
Request Sample