Digital Utility Market Opportunities and Trends to 2022

1
Digital Utility Market by Network, Technology,
and Region - Global Forecast to 2022
www.MarketsandMarkets.com
2
According to the new market research report,
published by MarketsandMarkets, 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. Browse and in-depth TOC on
"Digital Utility Market" 63 - Tables 35 -
Figures 144 - Pages View more detailed TOC _at_
https//www.marketsandmarkets.com/Market-Reports/
digital-utility-market-230978516.html
3
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 Free Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id230978516  

4
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. Speak to Analyst _at_ https//www.marketsan
dmarkets.com/speaktoanalystNew.asp?id230978516
5
North America The leading market for digital
utility In this report, the digital utility
market has been analyzed with respect to six
regions, namely, North America, South America,
Asia-Pacific, Europe, Middle-East, and Africa.
The market in North America led the global
digital utility market in 2016. 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. Dont miss out on business
opportunities in Digital Utility Market. Download
PDF Brochure and gain crucial industry insights
that will help your business grow https//www.mar
ketsandmarkets.com/pdfdownloadNew.asp?id230978516

6

• Target Audience
• 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

7

• Key players -
• 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),
• International Business Machines Corporation
  (U.S.), etc.
• Buy Now _at_
• https//www.marketsandmarkets.com/Purchase/purchas
  e_reportNew.asp?id230978516

8
ContactMr. Shelly SinghMarketsandMarkets
INC.630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 UK
44-800-368-9399Email sales_at_marketsandmarkets.com