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Digital Utility Market By Network (Transmission & Distribution, Generation, Retail), By Technology (Hardware, Integrated Solutions) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Published: Jan 2020 | Report Code: 60169-01-20

Key Market Insights

"Increase in renewable energy projects will spur the market revenue growth"

The global digital utility market accounted for US$ 141.41 Bn in 2018 and is anticipated to grow to US$ 381.38 Bn growing at a CAGR of 11.7% throughout the forecast period from 2019 to 2027.

Using digital technology as an enabler of change aids utility companies to transform to new energy systems. The growth of digital utility market is driven by factors including strict environmental regulations and increase in renewable energy sector and renewable integration among others. The benefits offered by digitalization including reduced cost of operation, increase revenue and lucrative opportunities is attracting companies to adopt digitalization. Opportunities in different types of utilities will vary, for instance, fully integrated companies in regulated markets are inclined towards savings in operating costs, increased productivity and network reliability among others. The growth of the digital utility market is thus enhanced globally.

In addition, rising adoption of digital utility helps in providing contextual and real-time business insights with much better automation and integration, improved connectivity and collaboration by bifurcating processes and technology, and better mobility with devices and apps that make time and place irrelevant. For instance, AGL a leading utility provider of Australia adopted a cloud based online customer engagement platform integrated with Microsoft Azure, which resulted in 29% increase in mobile conversion and 47% more click through on web pages related to new projects.

Market Synopsis

Digital Utility Market

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Technology Analysis

"Integrated solutions to register highest growth during the forecast period."

Based on technology, the digital utility market is segmented into hardware and integrated solution segments. Hardware segment accounted for more than 60% of the total revenue generated of the global digital utility market. Owing to rapid technological advancements in hardware including smart grids, smart meters, and transformers among other equipments. Organizations are looking for smart grid solutions as they allow for predictive maintenance, real-time analytics and efficient asset management.

In contrast, integration solutions segment is expected to register highest growth during the forecast period. This can be associated with organizations rapidly deploying integrated solutions for digitally enabled workforce, assists in digitizing assets, and optimizing operations among others. Integrated solutions include both cloud as well as software services. Thus proliferating the digital utility market growth.

Digital Utility Market

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Network Analysis

"Transmission and distribution segment expected to be dominant during the forecast period"

Based on network, the global digital utility market is segmented into transmission and distribution, generation and retail. Transmission and generation segment is poised to dominate the market. This is due to the distribution and generation segment being widely used and the increasing focus on monitoring and managing electricity transmission and distribution. On the contrary, retail segment expected to witness highest growth throughout the forecast period in the digital utility market. Owing to increasing adoption of different data extraction and analytics tools for better customer management is proliferating the growth of the segment on a global scale.

Digital Utility Market

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Regional Analysis

"Rising environmental concerns to bolster the growth in Asia Pacific region"

In 2018, North America region was leading the digital utility market and accounted for more than 30% of revenue generated worldwide followed by Europe. Owing to, the increasing number of renewable power plants, development of state-of-the-art infrastructure to meet increasing electricity demand among others in the region is proliferating the growth of digital utility market.

In contrast, Asia Pacific region expected to grow at the highest rate. This is due to increased demand of electricity, development of smart cities and changing regulatory norms among others in the region. Thus bolstering the demand of the market in the region.

Digital Utility Market

List of Companies Covered:

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

Digital Utility Market

Key Industry Development:

  • In January 2020, Thales group and General Electric entered into a partnership agreement to deliver a suite of cybersecurity solutions to power plant operators.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Network Segment (2017–2027; US$ Bn)
 
• Hardware 
 • Integrated Solution

 Technology Segment (2017–2027; US$ Bn)
 • Transmission & Distribution
 • Generation
 • Retail

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, Russia, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall Digital Utility market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the Digital Utility market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2027
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which Technology segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Digital Utility market?
  • Which is largest regional market for Digital Utility?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
  • Worldwide market value of the Digital Utility market in 2017 and 2018
  • Which are the key trends driving the global Digital Utility market growth?
  • Who are the leading service providers in the Digital Utility market worldwide?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Network
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Digital Utility (DU) Market
2.2. Global DU Market, by Network, 2018 (US$ Bn)
2.3. Global DU Market, by Technology, 2018 (US$ Bn)
2.4. Global DU Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global DU Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Digital Utility (DU) Market, by Network , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Transmission & Distribution
4.3. Generation
4.4. Retail

5. Global Digital Utility (DU) Market, by Technology, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Hardware
5.3. Integrated Solutions

6. North America Digital Utility (DU) Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America DU Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America DU Market Value, By Network, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America DU Market Value, By Technology, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America DU Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Digital Utility (DU) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe DU Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe DU Market Value, By Network, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe DU Market Value, By Technology, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe DU Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Digital Utility (DU) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific DU Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific DU Market Value, By Network, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific DU Market Value, By Technology, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific DU Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Digital Utility (DU) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World DU Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World DU Market Value, By Network, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World DU Market Value, By Technology, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World DU Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. General Electric Co.
10.2. Siemens AG
10.3. ABB Ltd.
10.4. Accenture Plc
10.5. Capegemini SE
10.6. Sap SE
10.7. IBM Corporation
10.8. Microsoft Corporation
10.9. Oracle Corporation
10.10. Wipro Ltd
10.11. Infosys Ltd

* DU - Digital Utility

FIG. 1 Global Digital Utility (DU) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global DU Market Segmentation
FIG. 4 Global DU Market, by Network, 2018 (US$ Bn)
FIG. 5 Global DU Market, by Technology, 2018 (US$ Bn)
FIG. 6 Global DU Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key DU Market Vendors, 2018
FIG. 9 Global DU Market, by Network, 2017–2027 (US$ Bn)
FIG. 10 Global DU Market, by Transmission & Distribution, Value, 2017–2027 (US$ Bn)
FIG. 11 Global DU Market, by Generation, Value, 2017–2027 (US$ Bn)
FIG. 12 Global DU Market, by Retail, Value, 2017–2027 (US$ Bn)
FIG. 13 Global DU Market, by Technology, 2017–2027 (US$ Bn)
FIG. 14 Global DU Market, by Hardware, Value, 2017–2027 (US$ Bn)
FIG. 15 Global DU Market, by Integrated Solutions, Value, 2017–2027 (US$ Bn)
FIG. 16 U.S. DU Market, 2017–2027 (US$ Bn)
FIG. 17 Rest of North America DU Market, 2017–2027 (US$ Bn)
FIG. 18 U.K. DU Market, 2017–2027 (US$ Bn)
FIG. 19 Germany DU Market, 2017–2027 (US$ Bn)
FIG. 20 France DU Market, 2017–2027 (US$ Bn)
FIG. 21 Italy DU Market, 2017–2027 (US$ Bn)
FIG. 22 Rest of Europe DU Market, 2017–2027 (US$ Bn)
FIG. 23 Japan DU Market, 2017–2027 (US$ Bn)
FIG. 24 China DU Market, 2017–2027 (US$ Bn)
FIG. 25 India DU Market, 2017–2027 (US$ Bn)
FIG. 26 Rest of Asia Pacific DU Market, 2017–2027 (US$ Bn)
FIG. 27 Middle East & Africa DU Market, 2017–2027 (US$ Bn)
FIG. 28 Latin America DU Market, 2017–2027 (US$ Bn)

TABLE 1 Market Snapshot: Global Digital Utility (DU) Market
TABLE 2 Global DU Market, by Network, 2017–2027 (US$ Bn)
TABLE 3 Global DU Market, by Technology, 2017–2027 (US$ Bn)
TABLE 4 Global DU Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America DU Market, by Network, 2017–2027 (US$ Bn)
TABLE 6 North America DU Market, by Technology, 2017–2027 (US$ Bn)
TABLE 7 North America DU Market, by Country, 2017–2027 (US$ Bn)
TABLE 8 Europe DU Market, by Network, 2017–2027 (US$ Bn)
TABLE 9 Europe DU Market, by Technology, 2017–2027 (US$ Bn)
TABLE 10 Europe DU Market, by Country, 2017–2027 (US$ Bn)
TABLE 11 Asia Pacific DU Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 12 Asia Pacific DU Market, by Network, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific DU Market, by Technology, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific DU Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 RoW DU Market, by Network, 2017–2027 (US$ Bn)
TABLE 16 RoW DU Market, by Technology, 2017–2027 (US$ Bn)
TABLE 17 RoW DU Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 General Electric Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 19 Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 20 ABB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 21 Accenture Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 22 Capegemini SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 23 SAP SE.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 24 IBM Corporation.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 25 Microsoft Corporation.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 26 Oracle Corporation.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 27 Wipro Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 28 Infosys Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)

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