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Digital Utility Market Size, Share & Trends Analysis Report by Technology (Hardware, Integrated Solutions), Network (Transmission & Distribution, Retail, Generation), Region, and Segment Forecasts, 2023-2030

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    Report

  • 79 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 4538895
The global digital utility market size is expected to reach USD 396.36 billion by 2030, according to the report., expanding at a CAGR of 9.6% from 2023 to 2030. Technological advancements are leading to the digitalization of businesses, including the power industry. The power industry is increasingly realizing the importance of digital technologies, which in turn is anticipated to augment the market over the forecast period. Companies have recognized the benefits of digitalization and are now focusing on two key areas, namely customer engagement and improvement of operations and productivity, thus transforming the way businesses are conducted in the power industry.

The growth of the digital utility market is driven by factors such as stringent regulatory norms and an increasing number of distributed and renewable power generation projects. The demand for digital utility solutions is increasing rapidly owing to benefits provided by technologies such as digital asset management, digital utility maturity assessment, and digital utility enterprise architecture.

The North America region commanded the leading revenue share in 2016 owing to factors such as rapid technological advancements, enhanced network connectivity, and high adoption rate of digital services. Some of the prominent companies operating in the market are ABB Ltd., IBM Corporation, International Business Machine Corporation, Microsoft Corporation, Oracle Corporation, and SAP SE.

Digital Utility Market Report Highlights

  • The hardware segment is likely to gain the highest share in the market over the forecast period. Hardware is extensively used in next-generation equipment such as smart meters and transformers.
  • The transmission & distribution segment is poised to dominate the market over the forecast period. Digital utility solutions enable users to effectively perform transmission & distribution activities.
  • North America was the leading revenue contributor in 2022 owing to an increasing number of renewable power plants and rising investments in electrical infrastructure.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Technology
1.1.2. Network
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Technology outlook
2.2.2. Network outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Digital Utility Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Digital Utility Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Microneedle Drug Delivery System: Technology Estimates & Trend Analysis
4.1. Digital Utility Market: Key Takeaways
4.2. Digital Utility Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Hardware
4.3.1. Hardware market estimates and forecasts, 2017 to 2030 (USD Billion)
4.4. Integrated Solutions
4.4.1. Integrated Solutions market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 5. Digital Utility: Network Estimates & Trend Analysis
5.1. Digital Utility Market: Key Takeaways
5.2. Digital Utility Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Generation
5.3.1. Generation market estimates and forecasts, 2017 to 2030 (USD Billion)
5.4. Transmission & Distribution
5.4.1. Transmission & Distribution market estimates and forecasts, 2017 to 2030 (USD Billion)
Chapter 6. Digital Utility Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Digital Utility Market by Region: Key Takeaway
6.3. North America
6.3.1. North America Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.4. Europe
6.4.1. Europe Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.4.2. UK
6.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.4.3. Germany
6.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.4.4. France
6.4.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5. Asia Pacific
6.5.1. Asia Pacific Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.2. Japan
6.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.3. China
6.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.4. India
6.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.5. Australia
6.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.5.6. South Korea
6.5.6.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.6. Latin America
6.6.1. Latin America Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.6.2. Brazil
6.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.6.3. Mexico
6.6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.7. MEA
6.7.1. MEA Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.7.2. Saudi Arabia
6.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.7.3. South Africa
6.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
6.7.4. UAE
6.7.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. ABB
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Capgemini
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. General Electric
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Microsoft
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Oracle
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. IBM Corporation
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Siemens
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. SAP SE
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. Eaton Corporation plc
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
7.2.10. Schneider Electric
7.2.10.1. Company overview
7.2.10.2. Financial performance
7.2.10.3. Product benchmarking
7.2.10.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 3 North America digital utility market, by network, 2017 - 2030 (USD Billion)
Table 4 North America digital utility market, by region, 2017 to 2030 (USD Billion)
Table 5 U.S. digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 6 U.S. digital utility market, by network, 2017 - 2030 (USD Billion)
Table 7 Canada digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 8 Canada digital utility market, by network, 2017 - 2030 (USD Billion)
Table 9 Europe digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 10 Europe digital utility market, by network, 2017 - 2030 (USD Billion)
Table 11 Europe digital utility market, by region, 2017 to 2030 (USD Billion)
Table 12 Germany digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 13 Germany digital utility market, by network, 2017 - 2030 (USD Billion)
Table 14 UK digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 15 UK digital utility market, by network, 2017 - 2030 (USD Billion)
Table 16 France digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 17 France digital utility market, by network, 2017 - 2030 (USD Billion)
Table 18 Asia Pacific digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 19 Asia Pacific digital utility market, by network, 2017 - 2030 (USD Billion)
Table 20 Asia Pacific digital utility market, by region, 2017 to 2030 (USD Billion)
Table 21 China digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 22 China digital utility market, by network, 2017 - 2030 (USD Billion)
Table 23 Japan digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 24 Japan digital utility market, by network, 2017 - 2030 (USD Billion)
Table 25 India digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 26 India digital utility market, by network, 2017 - 2030 (USD Billion)
Table 27 Australia digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 28 Australia digital utility market, by network, 2017 - 2030 (USD Billion)
Table 29 South Korea digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 30 South Korea digital utility market, by network, 2017 - 2030 (USD Billion)
Table 31 Latin America digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 32 Latin America digital utility market, by network, 2017 - 2030 (USD Billion)
Table 33 Latin America digital utility market, by region, 2017 to 2030 (USD Billion)
Table 34 Brazil digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 35 Brazil digital utility market, by network, 2017 - 2030 (USD Billion)
Table 36 Mexico digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 37 Mexico digital utility market, by network, 2017 - 2030 (USD Billion)
Table 38 Middle East and Africa digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 39 Middle East and Africa digital utility market, by network, 2017 - 2030 (USD Billion)
Table 40 Middle East and Africa digital utility market, by region, 2017 to 2030 (USD Billion)
Table 41 South Africa digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 42 South Africa digital utility market, by network, 2017 - 2030 (USD Billion)
Table 43 Saudi Arabia digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 44 Saudi Arabia digital utility market, by network, 2017 - 2030 (USD Billion)
Table 45 UAE digital utility market, by technology, 2017 - 2030 (USD Billion)
Table 46 UAE digital utility market, by network, 2017 - 2030 (USD Billion)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Digital utility: Market outlook
Fig. 9 Digital utility: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Digital utility market driver impact
Fig. 15 Digital utility market restraint impact
Fig. 16 Digital utility market strategic initiatives analysis
Fig. 17 Digital utility market: Technology movement analysis
Fig. 18 Digital utility market: Technology outlook and key takeaways
Fig. 19 Hardware market estimates and forecasts, 2017 - 2030
Fig. 20 Integrated solutions market estimates and forecasts, 2017 - 2030
Fig. 21 Digital utility market: Network movement analysis
Fig. 22 Digital utility market: Network outlook and key takeaways
Fig. 23 Generation market estimates and forecasts, 2017 - 2030
Fig. 24 Transmission & distribution market estimates and forecasts, 2017 - 2030
Fig. 25 Retail market estimates and forecasts, 2017 - 2030
Fig. 26 Global digital utility market: Regional movement analysis
Fig. 27 Global digital utility market: Regional outlook and key takeaways
Fig. 28 North America market estimates and forecasts, 2017 - 2030
Fig. 29 U.S. market estimates and forecasts, 2017 - 2030
Fig. 30 Canada market estimates and forecasts, 2017 - 2030
Fig. 31 Europe market estimates and forecasts, 2017 - 2030
Fig. 32 UK market estimates and forecasts, 2017 - 2030
Fig. 33 Germany market estimates and forecasts, 2017 - 2030
Fig. 34 France market estimates and forecasts, 2017 - 2030
Fig. 35 Asia Pacific market estimates and forecasts, 2017 - 2030
Fig. 36 Japan market estimates and forecasts, 2017 - 2030
Fig. 37 China market estimates and forecasts, 2017 - 2030
Fig. 38 India market estimates and forecasts, 2017 - 2030
Fig. 39 Australia market estimates and forecasts, 2017 - 2030
Fig. 40 South Korea market estimates and forecasts, 2017 - 2030
Fig. 41 Latin America market estimates and forecasts, 2017 - 2030
Fig. 42 Brazil market estimates and forecasts, 2017 - 2030
Fig. 43 Mexico market estimates and forecasts, 2017 - 2030
Fig. 44 Middle East and Africa market estimates and forecasts, 2017 - 2030
Fig. 45 Saudi Arabia market estimates and forecasts, 2017 - 2030
Fig. 46 South Africa market estimates and forecasts, 2017 - 2030
Fig. 47 UAE market estimates and forecasts, 2017 - 2030

Companies Profiled

  • ABB
  • Capgemini
  • General Electric
  • Microsoft
  • Oracle
  • IBM Corporation
  • Siemens
  • SAP SE
  • Eaton Corporation plc
  • Schneider Electric

Methodology

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Table Information