Utility Asset Management Market By Type, Component, Application & Region | Forecast 2023 to 2033
Electric Power Companies Developing Risk-informed, Data-driven Asset Management Strategies to Balance Cost, Risk, and Performance- FMI Explores Key Insights
The utility asset management (UAM) market generated total revenue of US$ 4.63 billion in 2022. The industry is predicted to grow at a healthy CAGR of 5.8% over the forecast period to attain a market revenue of US$ 8.61 billion by 2033. Growing demand for utility asset management solutions to help boost energy grid efficiency, reliability, and safety is projected to bolster market growth.
Key Drivers Propelling the Utility Asset Management Industry
An increasing number of administrations are introducing significant electrification initiatives for distant places, consequently creating immense opportunities for the utility asset management industry.
Constant plans to stretch the electricity supply to remote areas are projected to boost the setup of new distribution and transmission lines, in addition to the integration of modern electrical systems for effective grid connections.
The escalating distribution of green energy to support strict emission regulations is anticipated to enhance the industry landscape.
Rising integration of Artificial Intelligence (AI) and big data analytics in utility asset management is predicted to invigorate market growth.
Surging measures to combat the rising frequency of sudden long power outages are projected to induce market growth over the forecast period.
Growing deployment of the Internet of Things to better conserve energy and boost consumption efficiency is spurring industry advancement.
Increasing use of UAM to gain a comprehensive view of asset health, eliminate downtime, and improve equipment operations is projected to fuel industry growth.
With the help of UAM, businesses can track trends for a better return on investment.
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Few Limitations that Might Have an Adverse Impact over the Market Growth
The requirement for expensive and unpredictable installation procedures, in tandem with extreme risks associated with the maintenance of necessary equipment over long durations across multiple technologies, such as condition-based maintenance, corrective maintenance, and predictive maintenance, may restrict the market growth.
The dearth of technical expertise required for connecting hardware, placing tools, and detecting errors in functional layouts, can greatly impact the system’s effectiveness, resulting in constrained repair durations.
Utility Asset Management Market Value (2023)
US$ 4.9 billion
Utility Asset Management Market Forecast Value (2033)
US$ 8.61 billion
Utility Asset Management Market CAGR (2023 to 2033)
5.8%
(2017 to 2022) Demand Outlook for Utility Asset Management Market Compared to Forecast Period (2023 to 2033)
The utility asset management market attained a market revenue of US$ 4.63 billion in 2022. The demand for utility asset management has witnessed healthy growth in the past few years. Key players in the industry have adapted to the strong demand for energy, enabling lower emissions, more renewable energy on the grid, and increasing plant productivity. The adoption of utility asset management has also been influenced by the rising demand for mission-critical software to improve water reliability and availability.
According to Future Market Insights (FMI) analysis, the utility asset management industry is anticipated to reach US$ 8.61 billion by the end of 2033, registering a CAGR of 5.8%. FMI details the anticipated developments that are estimated to bode well for the market.
Year
Expected Valuation
2025
US$ 5.48 billion
2028
US$ 6.49 billion
2032
US$ 8.14 billion
Short Term (2022 to 2025): In the short Term, the market is likely to benefit from the heightened demand for utility asset management in the oil and gas, power generation, and food and beverage/CPG sectors, among other sectors. The usage of utility asset management enhances productivity and minimizes the risk involved. In the power generation sector, the solution offers affordable, reliable, and cleaner electricity.
Medium Term (2025 to 2028): The industry is anticipated to be positively impacted by the growing adoption of utility asset management solutions to reduce outages and streamline maintenance. Further, regulators and citizens expect significant outcomes from utility asset management solutions. As a result, Environmental, Social, and Governance (ESG) measures are required to be ingrained into every business process and workflow. To leverage this momentum, utilities should cast themselves as businesses for a sustainable future.
Long Term (2028 to 2032): In the long run, the market is anticipated to be propelled by advancements in tools and technologies. A propagation of sensors offers an increasing variety of metrics with more frequency. New communications technologies allow quick data transmission from these sensors, while cloud computing extends the scope and pace of data analysis. With the help of Artificial Intelligence (AI), future behavior can be predicted from historical data. Such advances in technology open up doors for new possibilities to manage assets.
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Comparative Analysis of Adjacent Markets
Utility Asset Management Market:
Differentiating Aspects
Utility Asset Management Market
CAGR (Forecast Period)
5.8%
Market Value in 2023
US$ 4.9 billion
Projected Market Value by 2033
US$ 8.61 billion
Growth Factors
Constant plans to stretch the electricity supply to remote areas.
Trends
Escalating distribution of green energy to support the strict emission regulations.
Opportunities
Integration of advanced tools and technologies to open up new possibilities.
Enterprise Asset Management Market:
Differentiating Aspects
Enterprise Asset Management Market
CAGR (Forecast Period)
7.1%
Market Value in 2023
US$ 3.44 billion
Projected Market Value by 2033
US$ 6.83 billion
Growth Factors
Rising emergence of mobility in enterprise asset management solutions.
Trends
Increasing utilization of advanced technologies, such as IoT, AI, and cloud to develop EAM offering.
Opportunities
Surging adoption of digital asset management strategy for better returns on assets.
Advanced Distribution Management Systems Market:
Differentiating Aspects
Advanced Distribution Management Systems Market
CAGR (Forecast Period)
20%
Market Value in 2023
US$ 4,045.20 million
Projected Market Value by 2033
US$ 25,046.81 million
Growth Factors
Surging demand for efficient, safe, and reliable integrated single platform.
Trends
Rising demand for electric vehicles.
Opportunities
Adoption of advanced monitoring, energy and control management tools, such as Advanced Metering Infrastructure (AMI), smart grids, and IoT-enabled devices.
Category-wise Analysis
Private Utility Segment to Lead the Market Due to its Broad Range of Electricity Networks
Based on type, the private utility sector accounted for a significant market share in the historical period. The sector is expected to lead the market in the forecast period. The accelerating investments to transform the grid to reduce power outage issues and extensive electricity networks of non-government companies are projected to propel segment growth over the forecast period. In addition, the deployment of utility asset management in private utilities to manage, monitor, and improve the functional ability of critical assets is estimated to enhance the segment scope. With the help of utility asset management, the asset life is prolonged, maintenance cost is reduced, and utility usage is alerted, along with many other benefits.
Extensive Adoption of Software Segment in the Utilities Sector to Boost the Segment Growth
The software segment is projected to supersede the hardware and services segments. The high demand for software is the mounting requirement for mobile and remote detection, diagnostic tools, and inspection in far-reaching networks. As a result, key players in the utility asset management industry are launching advanced asset management software. For instance, IBM’s Maximo application suite is an integrated cloud-based platform that utilizes AI, IoT, and analytics to boost performance, reduce operational costs and downtime, and extend the lifecycles of critical assets. It further delivers enhanced reliability with inspection, AI-powered monitoring, and predictive maintenance systems.
Electric Segment to Maintain its Dominant Position
The electric segment is slated to exhibit dominance over the forecast period. The electric segment is trifurcated into transformers, transmission and distribution systems, and substations. Out of these three, transformers are considered a crucial part of the power transmission network. Transformers constantly operate and require periodic maintenance and monitoring for an uninterrupted supply of electricity to end users and distribution centers. As a result, the demand for utility asset management from transformers is rising.
The management solutions have considerably incorporated the system to evaluate and optimize operating conditions, failure reduction, and life expectancy. Intensifying concerns related to the upkeep of reliable operations at reduced costs and the rising use of asset lifecycle planning, condition-based maintenance activities, and prediction are projected to support the growth of the electric segment.
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Country-wise Analysis
United States is Assessed to Spearhead the Utility Asset Management Market
The United States utility asset management industry is projected to be at the forefront over the forecast period. The complete electricity grid in the country includes low-voltage power lines and high-voltage power lines with transformers, connecting thousands of power plants to power consumers nationwide.
The country is concentrating on upgrading its current electricity grid to boost the electricity supply and minimize thermal losses caused by aging. In line with this, the United States government invested US$ 2.5 billion in May 2022 to upgrade the country’s power grid capacity under the Transmission Facilitation Program (TFP) developed by President Biden’s Bipartisan Infrastructure Law.
Growth of regional market can also be attributed to the adoption of IoT sensors and surging digitalization in the utility sector. In addition to this, the high presence of key players in the country is offering ample growth opportunities for market growth.
China to Witness Expeditious Growth
China utility asset management market is projected to grow at a rapid pace over the upcoming years. The regional growth can be credited to the upgradation of power distribution infrastructure by installing automated tracking and monitoring systems. Further, the rising construction activities, urbanization, surging electric access, and rapid industrialization have led to an increase in electric transmission and distribution projects.
Several regional industries, such as chemical, automotive, petrochemical, and fertilizers, are demonstrating steady growth. This has resulted in high demand for electricity and proper upkeep of multiple components of an electricity grid. Reducing concerns related to distribution and transmission losses, along with the adoption of the Internet of Things to enhance efficiency in energy consumption, is anticipated to propel market growth in China.
Key Players Emphasizing on Acquisition of New Contracts to Brace their Market Position
Global players in the utility asset management industry are providing multiple products, services, and software to cater to the distinct requirements of an electrical power grid. Many companies are proactively functioning at regional and global levels to fulfil particular demands of the utilities.
ABB, a significant player in the market, is assessed to hold a significant market share due to its wide-ranging solution offerings and huge brand recognition and presence worldwide. In addition, the company emphasizes launching new developments and significantly investing in product developments to strengthen its market position. Other key participants in the market are zeroing in on broadening their product offerings and expanding their reach.
In February 2022, the Asset Performance Management (APM) of GE DIGITAL was recognized as a leader in capabilities across utilities, oil and gas, manufacturing, and mining industries. The company’s APM is a combination of software solutions and services developed to maximize the performance of crucial assets for industrial companies.
In October 2022, Black & Veatch Holding Company was appointed by Adani Group to boost operations and enhance the performance and reliability of its power assets in India. The company’s main goal is to reduce the overall emissions of CO2. The execution is expected to support the efficient, reliable, and sustainable operations of about 12 gigawatts (GW) of thermal power generation in India by reducing unplanned shutdowns and augmenting operational efficiencies.
In February 2022, Siemens launched a new sustainable, electronic vehicle charging concept structure engineered to electrify fleets and extensive high-demand charging applications in the United States. The new VersiCharge XL concept was developed to swiftly and effectively electrify parking lots and new or existing buildings via a modular and scalable design created in partnership with Nexii Building Solutions. The solution, a lookalike of the modern gas station, was produced in H2 2021 and installed in merely three days at Siemens’ research and development center for mobility solutions and electrical products in Peachtree Corners, Georgia.
Given below are the key players active in utility asset management industry
General Electric
ABB
Eaton
Siemens
DNV GL
Aclara Technologies
Sentient Energy
IBM
Hitachi Energy
Black & Veatch
ABS Group
Schneider Electric
IFS
Getac
Fujitsu
Lindsey Manufacturing
Scope of Utility Asset Management Market Report
Attributes
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
US$ million/ billion for Value
By Type
Public Utility
Private Utility
By Component
Hardware
Software
Services
By Application
Electric
Gas
Water
By Region
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
Key Countries Covered
The United States, Brazil, Mexico, Canada, the United Kingdom, Germany, France, Spain, Italy, Russia, Argentina, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Australia, Poland, China, New Zealand, Japan, GCC countries, South Africa, others
Key Players
General Electric
ABB
Eaton
Siemens
DNV GL
Aclara Technologies
Sentient Energy
IBM
Hitachi Energy
Black & Veatch
ABS Group
Schneider Electric
IFS
Getac
Fujitsu
Lindsey Manufacturing
Key Market Segmentation
By Type:
Public Utility
Private Utility
By Component:
Hardware
Software
Services
By Application:
Electric
Substations
Transformers
Transmission and Distribution Lines
Gas
Water
By Regions:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
Frequently Asked Questions
How much the Global Utility Asset Management Market is likely to be Worth in 2033?
The global utility asset management market is projected to reach a valuation of US$ 8.61 billion by 2033.
Which are the Top Companies Providing Utility Asset Management?
ABB and Siemens are the top players in the utility asset management market.
Which Region is Expected to Dominate the Utility Asset Management Market?
The United States is expected to dominate the utility asset management market throughout the forecast period.
At what CAGR is the Global Utility Asset Management Market Projected to expand in the Forecast Period?
The global utility asset management market is projected to expand at a CAGR of 5.8%.
Table of Content
1. Executive Summary | Utility Asset Management Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Hardware
5.3.2. Software
5.3.3. Service
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Utility Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Utility Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Utility Type, 2023 to 2033
6.3.1. Private Utilities
6.3.2. Public Utilities
6.4. Y-o-Y Growth Trend Analysis By Utility Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Utility Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Application , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application , 2023 to 2033
7.3.1. Electric
7.3.1.1. Transformers
7.3.1.2. Substations
7.3.1.3. Transmission & Distribution System
7.3.2. Gas
7.3.3. Water
7.4. Y-o-Y Growth Trend Analysis By Application , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. South Asia
8.3.5. East Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Component
9.2.3. By Utility Type
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By Utility Type
9.3.4. By Application br /> 9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Component
10.2.3. By Utility Type
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Utility Type
10.3.4. By Application
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Component
11.2.3. By Utility Type
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Utility Type
11.3.4. By Application
11.4. Key Takeaways
12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Malaysia
12.2.1.3. Singapore
12.2.1.4. Thailand
12.2.1.5. Rest of South Asia
12.2.2. By Component
12.2.3. By Utility Type
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Utility Type
12.3.4. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Component
13.2.3. By Utility Type
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Utility Type
13.3.4. By Application
13.4. Key Takeaways
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Component
14.2.3. By Utility Type
14.2.4. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Utility Type
14.3.4. By Application
14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Component
15.2.3. By Utility Type
15.2.4. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By Utility Type
15.3.4. By Application
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1.USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Component
16.1.2.2. By Utility Type
16.1.2.3. By Application
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Component
16.2.2.2. By Utility Type
16.2.2.3. By Application
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Component
16.3.2.2. By Utility Type
16.3.2.3. By Application
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Component
16.4.2.2. By Utility Type
16.4.2.3. By Application
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Component
16.5.2.2. By Utility Type
16.5.2.3. By Application
16.6. United kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Component
16.6.2.2. By Utility Type
16.6.2.3. By Application
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Component
16.7.2.2. By Utility Type
16.7.2.3. By Application
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Component
16.8.2.2. By Utility Type
16.8.2.3. By Application
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Component
16.9.2.2. By Utility Type
16.9.2.3. By Application
16.10. India
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Component
16.10.2.2. By Utility Type
16.10.2.3. By Application
16.11. Malaysia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Component
16.11.2.2. By Utility Type
16.11.2.3. By Application
16.12. Singapore
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Component
16.12.2.2. By Utility Type
16.12.2.3. By Application
16.13. Thailand
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Component
16.13.2.2. By Utility Type
16.13.2.3. By Application
16.14. China
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Component
16.14.2.2. By Utility Type
16.14.2.3. By Application
16.15. Japan
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Component
16.15.2.2. By Utility Type
16.15.2.3. By Application
16.16. South Korea
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Component
16.16.2.2. By Utility Type
16.16.2.3. By Application
16.17. Australia
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Component
16.17.2.2. By Utility Type
16.17.2.3. By Application
16.18. New Zealand
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Component
16.18.2.2. By Utility Type
16.18.2.3. By Application
16.19. GCC Countries
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Component
16.19.2.2. By Utility Type
16.19.2.3. By Application
16.20. South Africa
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Component
16.20.2.2. By Utility Type
16.20.2.3. By Application
16.21. Israel
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Component
16.21.2.2. By Utility Type
16.21.2.3. By Application
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Component
17.3.3. By Utility Type
17.3.4. By Application
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. General Electric
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. ABB
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Eaton
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Siemens
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. DNV GL
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Aclara Technologies
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Sentient Energy
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. IBM
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Hitachi Energy
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Black & Veatch
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.11. ABS Group
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.12. Schneider Electric
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.13. IFS
18.1.13.1. Overview
18.1.13.2. Product Portfolio
18.1.13.3. Profitability by Market Segments
18.1.13.4. Sales Footprint
18.1.13.5. Strategy Overview
18.1.13.5.1. Marketing Strategy
18.1.14. Getac
18.1.14.1. Overview
18.1.14.2. Product Portfolio
18.1.14.3. Profitability by Market Segments
18.1.14.4. Sales Footprint
18.1.14.5. Strategy Overview
18.1.14.5.1. Marketing Strategy
18.1.15. Fujitsu
18.1.15.1. Overview
18.1.15.2. Product Portfolio
18.1.15.3. Profitability by Market Segments
18.1.15.4. Sales Footprint
18.1.15.5. Strategy Overview
18.1.15.5.1. Marketing Strategy
18.1.16. Lindsey Manufacturing
18.1.16.1. Overview
18.1.16.2. Product Portfolio
18.1.16.3. Profitability by Market Segments
18.1.16.4. Sales Footprint
18.1.16.5. Strategy Overview
18.1.16.5.1. Marketing Strategy
19. Assumptions & Acronyms Used20. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 201 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Component, 201 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Utility Type, 201 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Application , 201 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 201 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Component, 201 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Utility Type, 201 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Application , 201 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 201 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Component, 201 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Utility Type, 201 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Application , 201 to 2033
Table 13: Europe Market Value (US$ Million) Forecast by Country, 201 to 2033
Table 14: Europe Market Value (US$ Million) Forecast by Component, 201 to 2033
Table 15: Europe Market Value (US$ Million) Forecast by Utility Type, 201 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by Application , 201 to 2033
Table 17: South Asia Market Value (US$ Million) Forecast by Country, 201 to 2033
Table 18: South Asia Market Value (US$ Million) Forecast by Component, 201 to 2033
Table 19: South Asia Market Value (US$ Million) Forecast by Utility Type, 201 to 2033
Table 20: South Asia Market Value (US$ Million) Forecast by Application , 201 to 2033
Table 21: East Asia Market Value (US$ Million) Forecast by Country, 201 to 2033
Table 22: East Asia Market Value (US$ Million) Forecast by Component, 201 to 2033
Table 23: East Asia Market Value (US$ Million) Forecast by Utility Type, 201 to 2033
Table 24: East Asia Market Value (US$ Million) Forecast by Application , 201 to 2033
Table 25: Oceania Market Value (US$ Million) Forecast by Country, 201 to 2033
Table 26: Oceania Market Value (US$ Million) Forecast by Component, 201 to 2033
Table 27: Oceania Market Value (US$ Million) Forecast by Utility Type, 201 to 2033
Table 28: Oceania Market Value (US$ Million) Forecast by Application , 201 to 2033
Table 29: MEA Market Value (US$ Million) Forecast by Country, 201 to 2033
Table 30: MEA Market Value (US$ Million) Forecast by Component, 201 to 2033
Table 31: MEA Market Value (US$ Million) Forecast by Utility Type, 201 to 2033
Table 32: MEA Market Value (US$ Million) Forecast by Application , 201 to 2033
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List of Charts
Figure 1: Global Market Value (US$ Million) by Component, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Utility Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application , 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 201 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Component, 201 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Utility Type, 201 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Utility Type, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Utility Type, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Application , 201 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 17: Global Market Attractiveness by Component, 2023 to 2033
Figure 18: Global Market Attractiveness by Utility Type, 2023 to 2033
Figure 19: Global Market Attractiveness by Application , 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Component, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Utility Type, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Application , 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 201 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Component, 201 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Utility Type, 201 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Utility Type, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Utility Type, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Application , 201 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 37: North America Market Attractiveness by Component, 2023 to 2033
Figure 38: North America Market Attractiveness by Utility Type, 2023 to 2033
Figure 39: North America Market Attractiveness by Application , 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Component, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Utility Type, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Application , 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 201 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 201 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Utility Type, 201 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Utility Type, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Utility Type, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Application , 201 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 57: Latin America Market Attractiveness by Component, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Utility Type, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Application , 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Europe Market Value (US$ Million) by Component, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) by Utility Type, 2023 to 2033
Figure 63: Europe Market Value (US$ Million) by Application , 2023 to 2033
Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 201 to 2033
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Europe Market Value (US$ Million) Analysis by Component, 201 to 2033
Figure 69: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 71: Europe Market Value (US$ Million) Analysis by Utility Type, 201 to 2033
Figure 72: Europe Market Value Share (%) and BPS Analysis by Utility Type, 2023 to 2033
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Utility Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) Analysis by Application , 201 to 2033
Figure 75: Europe Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 76: Europe Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 77: Europe Market Attractiveness by Component, 2023 to 2033
Figure 78: Europe Market Attractiveness by Utility Type, 2023 to 2033
Figure 79: Europe Market Attractiveness by Application , 2023 to 2033
Figure 80: Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: South Asia Market Value (US$ Million) by Component, 2023 to 2033
Figure 82: South Asia Market Value (US$ Million) by Utility Type, 2023 to 2033
Figure 83: South Asia Market Value (US$ Million) by Application , 2023 to 2033
Figure 84: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: South Asia Market Value (US$ Million) Analysis by Country, 201 to 2033
Figure 86: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: South Asia Market Value (US$ Million) Analysis by Component, 201 to 2033
Figure 89: South Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 90: South Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 91: South Asia Market Value (US$ Million) Analysis by Utility Type, 201 to 2033
Figure 92: South Asia Market Value Share (%) and BPS Analysis by Utility Type, 2023 to 2033
Figure 93: South Asia Market Y-o-Y Growth (%) Projections by Utility Type, 2023 to 2033
Figure 94: South Asia Market Value (US$ Million) Analysis by Application , 201 to 2033
Figure 95: South Asia Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 96: South Asia Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 97: South Asia Market Attractiveness by Component, 2023 to 2033
Figure 98: South Asia Market Attractiveness by Utility Type, 2023 to 2033
Figure 99: South Asia Market Attractiveness by Application , 2023 to 2033
Figure 100: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 101: East Asia Market Value (US$ Million) by Component, 2023 to 2033
Figure 102: East Asia Market Value (US$ Million) by Utility Type, 2023 to 2033
Figure 103: East Asia Market Value (US$ Million) by Application , 2023 to 2033
Figure 104: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: East Asia Market Value (US$ Million) Analysis by Country, 201 to 2033
Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: East Asia Market Value (US$ Million) Analysis by Component, 201 to 2033
Figure 109: East Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) Analysis by Utility Type, 201 to 2033
Figure 112: East Asia Market Value Share (%) and BPS Analysis by Utility Type, 2023 to 2033
Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Utility Type, 2023 to 2033
Figure 114: East Asia Market Value (US$ Million) Analysis by Application , 201 to 2033
Figure 115: East Asia Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 117: East Asia Market Attractiveness by Component, 2023 to 2033
Figure 118: East Asia Market Attractiveness by Utility Type, 2023 to 2033
Figure 119: East Asia Market Attractiveness by Application , 2023 to 2033
Figure 120: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 121: Oceania Market Value (US$ Million) by Component, 2023 to 2033
Figure 122: Oceania Market Value (US$ Million) by Utility Type, 2023 to 2033
Figure 123: Oceania Market Value (US$ Million) by Application , 2023 to 2033
Figure 124: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: Oceania Market Value (US$ Million) Analysis by Country, 201 to 2033
Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: Oceania Market Value (US$ Million) Analysis by Component, 201 to 2033
Figure 129: Oceania Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 131: Oceania Market Value (US$ Million) Analysis by Utility Type, 201 to 2033
Figure 132: Oceania Market Value Share (%) and BPS Analysis by Utility Type, 2023 to 2033
Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Utility Type, 2023 to 2033
Figure 134: Oceania Market Value (US$ Million) Analysis by Application , 201 to 2033
Figure 135: Oceania Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 136: Oceania Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 137: Oceania Market Attractiveness by Component, 2023 to 2033
Figure 138: Oceania Market Attractiveness by Utility Type, 2023 to 2033
Figure 139: Oceania Market Attractiveness by Application , 2023 to 2033
Figure 140: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 141: MEA Market Value (US$ Million) by Component, 2023 to 2033
Figure 142: MEA Market Value (US$ Million) by Utility Type, 2023 to 2033
Figure 143: MEA Market Value (US$ Million) by Application , 2023 to 2033
Figure 144: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: MEA Market Value (US$ Million) Analysis by Country, 201 to 2033
Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: MEA Market Value (US$ Million) Analysis by Component, 201 to 2033
Figure 149: MEA Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 150: MEA Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 151: MEA Market Value (US$ Million) Analysis by Utility Type, 201 to 2033
Figure 152: MEA Market Value Share (%) and BPS Analysis by Utility Type, 2023 to 2033
Figure 153: MEA Market Y-o-Y Growth (%) Projections by Utility Type, 2023 to 2033
Figure 154: MEA Market Value (US$ Million) Analysis by Application , 201 to 2033
Figure 155: MEA Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 156: MEA Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 157: MEA Market Attractiveness by Component, 2023 to 2033
Figure 158: MEA Market Attractiveness by Utility Type, 2023 to 2033
Figure 159: MEA Market Attractiveness by Application , 2023 to 2033
Figure 160: MEA Market Attractiveness by Country, 2023 to 2033
