Global Digital Utility Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: June 1, 2020 |

The global digital utility market size is expected to grow at a significant CAGR of around 12% during the forecast period 2020 to 2027. The increasing number of renewable energy projects and strict regulatory policies are some major factors to drive market growth. In addition, the smart meter provides energy suppliers with an accurate description of each customer's power consumption. In Jan 2020, the General Electric and Thales Group made a partnership to deliver a suite of cybersecurity solutions to power plant operators.

The market is segmented by technology, deployment, network, and region. On the basis of technology, the market is classified into hardware and integrated solution segment. The hardware segment held the largest market share of the global digital utility market with more than 60% of market share in 2019 due to rapid technological advancement. On the other hand, the integrated solution segment is accounted for the fastest-growing segment over the forecast period.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global digital utility market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.

Digital Utility Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.

Historical & Forecast Period

  • 2018 - Historical Year for digital utility Market
  • 2019 - Base Year for digital utility Market
  • 2020-2027 - Forecast Period for digital utility Market

Digital Utility Market Segmentation:

By Technology:

  • Hardware
  • Integrated Solution

By Deployment:

By Network:

List of Key Companies:

  • General Electric Co.
  • Siemens AG
  • ABB Ltd.
  • Accenture Plc
  • Capegemini SE
  • Sap SE
  • IBM
  • Microsoft Corporation

COVID-19 Impact on the Digital Utility Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the digital utility market.

COVID-19 Impact on the Digital Utility Market

COVID-19 Impact on the Digital Utility Market - L Shaped Recovery

Geographic Coverage:

  • North America Market Revenue and/or Volume
  • Europe Market Revenue and/or Volume
  • Asia Pacific Market Revenue and/or Volume
  • Middle-East and Africa Market Revenue and/or Volume
  • Latin America Market Revenue and/or Volume

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Report Coverage

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Key Questions Answered by Digital Utility Market Report

  • Global digital utility market forecasts from 2020-2027
  • Regional digital utility market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Digital Utility submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter's Five Force model, Value Chain Analysis pertaining to digital utility market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level digital utility markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the digital utility market
  • Profiles and market share of the leading 10 companies in 2019 at a global level
The global digital utility market size is expected to grow at a significant CAGR of around 12% during the forecast period 2020 to 2027. The increasing number of renewable energy projects and strict regulatory policies are some major factors to drive market growth. In addition, the smart meter provides energy suppliers with an accurate description of each customer's power consumption. In Jan 2020, the General Electric and Thales Group made a partnership to deliver a suite of cybersecurity solutions to power plant operators.

The market is segmented by technology, deployment, network, and region. On the basis of technology, the market is classified into hardware and integrated solution segment. The hardware segment held the largest market share of the global digital utility market with more than 60% of market share in 2019 due to rapid technological advancement. On the other hand, the integrated solution segment is accounted for the fastest-growing segment over the forecast period.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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Impacts of COVID-19
COVID-19 Impact on the Digital Utility Market

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