Digital Utility Market Global (Capacity, Value, Cost or Profit) 2022 Forecasts

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Digital Utility Market research report
categorizes by Network, Technology and Geography
www.MarketsandMarkets.com
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"Digital Utility Market by Network (Generation,
Transmission and Distribution, and Retail),
Technology (Hardware and Integrated Solutions
(Cloud and Software, Services)), and Region
(North America, Europe, and Asia-Pacific) -
Global Forecast to 2022 The digital utility
market is expected to grow from an estimated USD
135.16 Billion in 2017 to USD 244.31 Billion by
2022, at a CAGR of 12.57, from 2017 to 2022. The
global market is set to witness a significant
growth due to the increase in distributed and
renewable power generation projects and
regulatory requirements for electric
utilities. PDF Brochure https//www.markets
andmarkets.com/pdfdownload.asp?id230978516

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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. This would ultimately create new revenue
pockets for the digital utility market during the
forecast period. Request for Customization
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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. Request Sample _at_ https//www.marketsandma
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North America The leading market for digital
utility 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. Hence, the North American market
presents a greater opportunity for the digital
utility market. 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. The key
players include Accenture plc (Ireland), Cap
Gemini S.A. (France), General Electric Company
(U.S.), Siemens AG (Germany), SAP SE (Germany),
and International Business Machines Corporation
(U.S.), among others.
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