Smart utilities management market is anticipated to grow at a considerable CAGR of 18.5% during the forecast period. Advancement of digital technologies presents a transformational opportunity for the utilities sector. Innovations already used in many other industries, such as decentralized production, real-time analytics pulled from big data, sensor networks, and mobile computing, are changing the contours and competitive balance of utilities. Traditional utility models are getting disrupted. Utilities are looking ahead to leverage the rapid advance of digital technologies across the value chain and to streamline their internal processes. The growing investment in smart grids to cater demand for the growing population is driving the global market growth.

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As per the United Nations (UN) in 2018, 55.0% of the global population lives in urban areas, which is further expected to increase to 68.0% by 2050. This projection by the UN shows that urbanization combined with the overall growth of the global population could add another 2.5 billion people to urban areas by 2050, with close to 90% of this increase taking place in Asia and Africa. Increasing urban population puts higher pressure on the urban infrastructure for energy saving, and hence, the governments of different economies are taking initiatives for meeting ever-growing needs of the urban population. The governments of several economies are investing in the smart meter and smart grid projects.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Smart Utilities Management Market by Type

Meter Data Management System
Energy Monitoring/ Management
Smart Distribution Management

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Company Profiles 

C3 IoT, Inc.
Cisco System, Inc.
Delta Electronics, Inc.
Dexma Sensors, S.L.
Distech Controls, Inc.
Eaton
Energy Management Solutions, Inc.
General Electric Co.
GridPoint, Inc.
Honeywell International, Inc.
IBM Corp.
Johnson Controls International PLC
MidAmerican Energy Services, LLC
Phoenix Energy Technologies
Rockwell Automation, Inc.
SAP SE
Schneider Electric SE
Siemens AG
Tendril Networks, Inc.
Yokogowa Electric Corp.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global smart utilities management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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