Utility Asset Management Market
Electric Power Companies Developing Risk-informed, Data-driven Asset Management Strategies to Balance Cost, Risk, and Performance: FMI Explores Key Insights
Utility Asset Management Market By Type, Component, Application & Region | Forecast 2023 to 2033
Utility Asset Management Market Overview
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.
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Utility Asset Management Market Value (2023) |
US$ 4.9 billion |
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Utility Asset Management Market Forecast Value (2033) |
US$ 8.61 billion |
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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 |
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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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Utility Asset Management Market:
|
Differentiating Aspects |
Utility Asset Management Market |
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CAGR (Forecast Period) |
5.8% |
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Market Value in 2023 |
US$ 4.9 billion |
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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:
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Differentiating Aspects |
Enterprise Asset Management Market |
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CAGR (Forecast Period) |
7.1% |
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Market Value in 2023 |
US$ 3.44 billion |
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Projected Market Value by 2033 |
US$ 6.83 billion |
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Growth Factors |
Rising emergence of mobility in enterprise asset management solutions. |
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Trends |
Increasing utilization of advanced technologies, such as IoT, AI, and cloud to develop EAM offering. |
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Opportunities |
Surging adoption of digital asset management strategy for better returns on assets. |
Advanced Distribution Management Systems Market:
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Differentiating Aspects |
Advanced Distribution Management Systems Market |
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CAGR (Forecast Period) |
20% |
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Market Value in 2023 |
US$ 4,045.20 million |
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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 |
|
|
By Component |
|
|
By Application |
|
|
By Region |
|
|
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 |
|
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 Used 20. 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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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
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