Digital Utility Market

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 in transforming to new energy systems. The growth of the digital utility market is driven by factors including strict environmental regulations, an increase in the renewable energy sector, and renewable integration, among others. Digitalization’s benefits, including reduced operation costs, increased revenue, and lucrative opportunities, attract 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, the 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 in Australia, adopted a cloud-based online customer engagement platform integrated with Microsoft Azure, which resulted in a 29% increase in mobile conversion and 47% more clicks on web pages related to new projects.

Technology Analysis

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

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

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

Network Analysis

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

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

Regional Analysis

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

In 2018, the North American 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, the development of state-of-the-art infrastructure to meet increasing electricity demand among others in the region is proliferating the growth of the digital utility market.

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

List of Companies Covered:

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

Key Industry Development:

• In January 2020, Thales Group and General Electric entered a partnership agreement to deliver 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.

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 (the 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 (the 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 give a better market understanding of the overall Digital Utility market. In addition, the global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

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

List of Figures

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)

List of Tables

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)