2017 Digital Utility Market by Network, Technology and Region – Global Forecast to 2022 – Research and Markets

August 17, 2017

DUBLIN–(BUSINESS WIRE)–The "Digital
Utility Market by Network (Generation, Transmission and Distribution,
and Retail), Technology (Hardware and Integrated Solutions (Cloud and
Software, Services)), and Region (North America, Europe, and
Asia-Pacific) – Global Forecast to 2022" report has been added
to Research and Markets' offering.

The digital utility market is projected to reach USD 244.31 billion by
2022, at a CAGR of 12.57%, from 2017 to 2022.

An increase in the number of distributed and renewable power generation
projects, energy efficiency mandates demanding carbon emission
reduction, and strict regulatory requirements for electric utilities are
the major drivers of the digital utility market. High initial costs can
hinder the growth of the digital utility market.

The retail subsegment of the network segment is expected grow at the
highest CAGR, during the forecast period. Electric utilities are
gradually transforming from being electricity suppliers to energy
service providers, and the customers are also becoming involved in the
electric value chain. End-users are installing power generating sources
such as solar panels and small wind, among others, to become
self-sufficient, and also actively participating in demand response
programs.

The market in North America is currently the largest market for digital
utility, closely followed by the European market. Rising investments in
aging electrical infrastructure and increasing electricity demand are
driving the digital utility market in the North America. The market in
the U.S. is estimated to be the largest in the region, followed by the
markets in Canada and Mexico, during the forecast period.

Market Dynamics

Drivers

  • Increasing Number of Distributed and Renewable Power Generation
    Projects
  • Strict Regulatory Requirements for Electric Utilities
  • Need to Improve the Productivity and Efficiency of Utilities

Restraints

  • High Initial Costs

Opportunities

  • Upcoming Smart Cities

Challenges

  • Cybersecurity Threats in the Power and Utilities Sector
  • Challenges Associated With New Technology Implementation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Digital Utility Market, By Network

7 Digital Utility Market, By Technology

8 Digital Utility Market, By Region

9 Competitive Landscape

10 Company Profiles

  • ABB Ltd.
  • Accenture PLC
  • Capgemini SA
  • Cisco Systems Inc.
  • Eaton Corporation PLC
  • General Electric Company
  • International Business Machine Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Schneider Electric SE
  • Siemens AG

For more information about this report visit https://www.researchandmarkets.com/research/zcn3xt/digital_utility

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Related
Topics: Utilities