The market in North America is expected to lead the global digital utility market during the forecast period.


Posted February 26, 2019 by rechaldey

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.

 
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.

Browse TOC on “Digital Utility Market”
63 - Tables
35 - Figures
144 – Pages

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.

Download our PDF Brochure and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=230978516

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. Hardware generally costs more than other digital solutions and services and, hence, the segment accounts for a larger share of the market.

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/digital-utility-market-230978516.html

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

Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=230978516
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Digital Utility Market . These players include
• Accenture plc (Ireland),
• Cap Gemini S.A. (France),
• General Electric Company (U.S.),
• SAP SE (Germany),
• International Business Machines Corporation (U.S.),

About MarketsandMarkets™
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MARKETS AND MARKETS
Phone 18886006441
Business Address 630 Dundee Road
Suite 430
Country India
Categories Energy , Reports , Research
Tags digital utility market
Last Updated February 26, 2019