The Global Digital Power Utility Market Size Was Valued at USD 60.78 Billion in 2021, and is Projected to Reach USD 212.75 Billion by 2028, Growing at A CAGR of 19.6% From 2022 to 2028.
The Digital Power Utility market is expected to witness significant growth in the coming years due to its increased demand across the food, beverage, and home & personal care industries.
The concept of digitalizing power utilities is gaining steam, owing to recent technological advancements in the power sector. Utility companies are known for being late adopters when it comes to technology, and government regulations have traditionally discouraged the adoption of cutting-edge technology and planning methodologies. Digitization, which is widely employed in other industries, has now been recognized by several power utilities throughout the world. Several startups and large enterprises today provide technologies and platforms that help power producers, utilities, and other energy companies decrease costs, increase revenues, and pursue new business opportunities. Optimized operation and maintenance, effective asset management, managing electrical loads, and improved customer satisfaction owing to the higher predictability of the energy ecosystem are just a few of the significant benefits of becoming digital for power utilities.
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Digital Power Utility Market – Size, Competitive Landscape and Segmentation Analysis:
Digital Power Utility Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report’s objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
The key players covered in the Digital Power Utility market report is:
ABB Ltd.,General Electric Co.,Infosys Ltd,Siemens AG,Accenture Plc.,Cognizant Technology Solutions,Capgemini SE,Sap SE,IBM,Microsoft Corporation,Oracle Corporation,Wipro Ltd and other major players.
Segmentation of Digital Power Utility market:
In market segmentation by Technology, Digital Power Utility Market report covers:
In market segmentation by Sector, Digital Power Utility Market report covers:
Power Generation,Transmission & Distribution,Power Consumption,Energy Storage,Energy Trading
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Digital Power Utility Market Report contains market data from 2022 to 2028, which provides an overview of the market covering key drivers and risk factors. The report is segmented by top global manufacturers that mention sales, revenue and applicable prices. It also evaluates the competitive scenarios of key players. The report is expanded to include regional market data along with types and applications. This report forecasts sales and revenue from 2022to 2028. Detailed sales channels are also covered in the study.
Scope and Segmentation Of The Digital Power Utility Market Research Report
|Market size available for years||2022-2028|
|Base year considered||2021|
|Forecast units||Million (USD)|
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Reasons to buy the global Digital Power Utility market
1. This research identifies the region and market sector that is likely to expand the fastest and dominate the Digital Power Utility industry.
2. Market analysis of the Digital Power Utility by region, covering the consumption of the manufacturer in each country as well as the factors that influence the market within each region.
3. The market environment includes the top players’ Digital Power Utility market rankings, as well as new service/product announcements, collaborations, company growth, and acquisitions made by the companies profiled in the previous five years.
4. For the top Digital Power Utility market players, extensive company profiles with business overviews, company insights, product evaluations, and SWOT analyses are available.
5. The company’s present and future outlook in light of recent changes (which include both advanced and developing regions’ growth possibilities and drivers, as well as difficulties and restraints).
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