The market in North America is expected to lead the global digital utility market during the forecas

Author: Rechal Dey

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.

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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.

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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

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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.),

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