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Digital Utility Market By Technology (Hardware, Integrated Solutions); By Network (Generation, Transmission & Distribution, Retail, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Report ID: 5090 | Report Format : Excel, PDF

Market Overview:

The Digital Utility market size was valued at USD 160,350.00 million in 2018, increased to USD 228,202.45 million in 2024, and is anticipated to reach USD 492,754.09 million by 2032, at a CAGR of 10.13% during the forecast period.

REPORT ATTRIBUTE DETAILS
Historical Period 2020-2023
Base Year 2024
Forecast Period 2025-2032
Digital Utility Market Size 2024 USD 228,202.45 million
Digital Utility Market, CAGR 10.13%
Digital Utility Market Size 2032  USD 492,754.09 million

 

The Digital Utility market is dominated by leading players such as ABB, Siemens, Schneider Electric, Microsoft, Oracle, IBM, SAP SE, Cisco Systems, Accenture, and Honeywell International Inc. These companies are at the forefront of driving innovation through AI, IoT integration, cloud platforms, and smart grid technologies. Their strategic partnerships, R&D investments, and focus on grid modernization have significantly influenced the market landscape. Regionally, North America leads the market with a 34% share in 2024, followed closely by Asia Pacific at 28.7%. Both regions benefit from strong infrastructure, regulatory support, and increasing investments in digital transformation.

Digital Utility Market size

Market Insights

  • The Digital Utility market was valued at USD 228,202.45 million in 2024 and is projected to reach USD 492,754.09 million by 2032, growing at a CAGR of 10.13% during the forecast period.
  • Rising demand for smart grid infrastructure, renewable energy integration, and real-time energy monitoring systems are key drivers accelerating digital transformation across utilities.
  • Increasing adoption of cloud-based platforms and consumer-centric services are prominent trends, enabling greater efficiency and flexibility in utility operations.
  • The market is competitive, with major players including ABB, Siemens, Schneider Electric, Microsoft, IBM, and Oracle focusing on AI, IoT, and data analytics to expand their global presence.
  • North America holds the largest regional share at 34%, followed by Asia Pacific at 28.7%; segment-wise, Integrated Solutions lead the technology segment with over 60% share, while Transmission & Distribution dominates the network segment with around 45% share in 2024.

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Market Segmentation Analysis:

By Technology

In the Digital Utility market, the Integrated Solutions segment holds the dominant market share, accounting for over 60% in 2024. This dominance is driven by the increasing demand for real-time data analytics, end-to-end smart grid solutions, and cloud-based platforms that optimize utility operations. Integrated solutions enable utilities to streamline asset management, enhance customer engagement, and improve energy distribution efficiency. Additionally, the growing adoption of AI and IoT technologies in utility infrastructure supports the segment’s growth, as utilities increasingly shift from traditional hardware models to more adaptive and scalable digital ecosystems.

  • For instance, Siemens implemented its SICAM A8000 remote terminal units across 1,400 transformer stations in Germany, enabling real-time data collection and grid automation for enhanced stability and efficiency.

By Network

The Transmission & Distribution segment leads the market among network segments, contributing more than 45% of the total market share in 2024. This growth is primarily driven by the global push toward smart grid modernization and the integration of renewable energy sources. Utilities are investing heavily in digital tools for real-time monitoring, predictive maintenance, and fault detection across transmission lines. The segment benefits from government mandates for grid reliability and efficiency improvements. Additionally, the increasing frequency of power outages and the need for automated grid management further fuel the demand for digital solutions in transmission and distribution operations.

  • For instance, ABB deployed its Ability™ Smart Sensor technology to monitor over 2,000 distribution transformers in Italy, enabling condition-based maintenance and reducing fault response times by up to 60 minutes.

Market Overview

Growing Demand for Smart Grid Infrastructure

The increasing need for grid modernization is a significant driver of the digital utility market. Utilities are rapidly adopting smart grid technologies to improve energy efficiency, reduce transmission losses, and ensure grid reliability. Advanced metering infrastructure (AMI), intelligent control systems, and predictive maintenance tools are in high demand as they support real-time data analysis and automation. Government initiatives and funding for smart grid development further accelerate adoption, especially in developed economies. These systems enable a more responsive and resilient grid, aligning with broader sustainability and energy transition goals.

  • For instance, Landis+Gyr delivered over 14 million smart electricity meters to Tokyo Electric Power Company, supporting Japan’s nationwide smart grid development.

Rising Integration of Renewable Energy Sources

The global shift toward renewable energy sources such as solar, wind, and hydroelectric power has increased the complexity of grid operations, necessitating the adoption of digital utility solutions. Integrated digital platforms help utilities manage variable energy inputs and ensure stable power delivery. Energy storage systems, demand response technologies, and digital forecasting tools are essential in managing decentralized energy generation. As countries enforce stricter emission targets, utilities are compelled to upgrade infrastructure with digital tools to efficiently balance traditional and renewable power, boosting the digital utility market growth.

  • For instance, GE Vernova deployed its GridOS software suite to support integration of over 3,000 megawatts of distributed renewable resources into California’s electric grid.

Increasing Adoption of IoT and AI Technologies

The proliferation of Internet of Things (IoT) devices and artificial intelligence (AI) is transforming utility operations. IoT-enabled sensors and smart meters provide real-time insights into energy consumption, equipment performance, and system anomalies. AI-driven analytics support predictive maintenance, energy forecasting, and automated decision-making. These technologies enhance operational efficiency, reduce downtime, and optimize resource utilization. With utilities under pressure to reduce costs and improve service reliability, the integration of IoT and AI solutions is becoming a strategic priority, contributing significantly to market expansion.

Key Trends & Opportunities

Shift Toward Cloud-Based Utility Platforms

An increasing number of utility providers are transitioning to cloud-based platforms to improve flexibility, scalability, and cost-efficiency. Cloud computing enables utilities to manage large volumes of data generated from smart meters, IoT devices, and customer portals more effectively. These platforms support real-time analytics, remote monitoring, and integrated services. The trend is especially prominent among small and mid-sized utilities looking to modernize without heavy infrastructure investments. Cloud adoption also opens opportunities for third-party software vendors and platform providers to enter the market with innovative, subscription-based digital utility solutions.

  • For instance, Microsoft Azure IoT powers over 1.2 million connected utility assets globally, supporting remote diagnostics and predictive grid analytics.

Growing Focus on Consumer-Centric Digital Services

Utilities are embracing digital transformation to enhance customer engagement and satisfaction. The deployment of mobile apps, personalized billing platforms, and interactive dashboards empowers consumers with greater control over their energy usage. Demand for transparent energy pricing, usage analytics, and real-time notifications has created a need for advanced digital interfaces. This shift toward consumer-centric services not only boosts operational efficiency but also opens new revenue streams through value-added offerings. The trend reflects a broader movement toward customer empowerment in the energy sector and represents a major opportunity for digital innovation.

  • For instance, Schneider Electric’s EcoStruxure™ platform helped over 1 million residential users in France monitor and optimize energy usage through mobile-enabled smart meter data.

Key Challenges

High Initial Capital Investment

One of the primary challenges in the digital utility market is the significant upfront investment required for digital transformation. Implementing smart grids, IoT networks, AI-based systems, and cloud infrastructure demands substantial financial resources, which can be a barrier for many utility companies, especially in emerging economies. The long payback period and uncertainty over return on investment may delay decision-making. Moreover, legacy systems require costly upgrades or replacements to integrate with modern platforms, adding to the overall expenditure burden for utility firms.

Cybersecurity and Data Privacy Concerns

As utilities become more digitized and data-driven, the risk of cyberattacks increases. Smart grids, cloud platforms, and connected devices are vulnerable to hacking, data breaches, and unauthorized access. These threats can disrupt operations, compromise customer data, and damage trust. The lack of standardized cybersecurity protocols across regions further complicates protection efforts. Addressing these concerns requires continuous investment in security infrastructure, staff training, and compliance with regulatory frameworks efforts that add complexity and cost to digital utility deployments.

Integration Challenges with Legacy Infrastructure

Utilities operating with aging infrastructure face technical difficulties in integrating modern digital systems with legacy equipment. Many existing grid assets lack the compatibility and connectivity required for seamless digital adoption. As a result, integration may necessitate expensive retrofitting or replacement of components. Additionally, workforce skill gaps in handling advanced digital tools can slow down implementation. These integration hurdles pose a challenge to achieving full-scale digital transformation, particularly in regions where utility systems are outdated or under-resourced.

Regional Analysis

North America

North America dominated the global digital utility market in 2024 with a market value of USD 77,724.39 million, rising from USD 55,320.75 million in 2018 and projected to reach USD 167,586.55 million by 2032, registering a CAGR of 10.1%. The region held approximately 34% of the global market share in 2024, driven by early adoption of smart grid technologies, strong regulatory support, and significant investment in utility digitalization. The U.S. remains the key contributor due to its advanced infrastructure and integration of AI and IoT in grid operations, enhancing operational efficiency and customer engagement.

Europe

Europe accounted for around 24.5% of the global digital utility market share in 2024, with a market size of USD 55,766.44 million, up from USD 40,825.11 million in 2018, and is expected to reach USD 113,507.22 million by 2032 at a CAGR of 9.3%. The region’s growth is supported by strong environmental regulations, increasing renewable energy integration, and widespread deployment of smart meters and digital platforms. Countries like Germany, the UK, and France are at the forefront of this transformation, focusing on energy efficiency, demand-side management, and digital consumer interfaces to align with EU climate targets.

Asia Pacific

Asia Pacific emerged as the fastest-growing regional market with a CAGR of 11.3%, reaching USD 65,504.55 million in 2024 from USD 44,288.67 million in 2018 and projected to hit USD 154,478.80 million by 2032. The region captured approximately 28.7% of the global digital utility market share in 2024. Rapid urbanization, increasing energy demand, and government investments in smart grid infrastructure are key growth enablers. China, India, and Japan are major contributors, investing heavily in digital platforms, automation, and AI to modernize utility systems and support large-scale renewable integration into national grids.

Latin America

Latin America’s digital utility market reached USD 11,864.24 million in 2024, up from USD 8,434.41 million in 2018, and is forecasted to grow to USD 23,391.03 million by 2032, registering a CAGR of 8.9%. The region held a 5.2% share of the global market in 2024. The growth is supported by increasing government initiatives to reduce transmission losses, upgrade aging infrastructure, and implement smart metering programs. Brazil and Mexico lead regional adoption, focusing on enhancing grid reliability and integrating distributed energy resources through digital platforms to ensure long-term energy sustainability and customer satisfaction.

Middle East

The Middle East digital utility market stood at USD 10,564.29 million in 2024, up from USD 7,809.05 million in 2018, and is projected to reach USD 21,092.59 million by 2032, growing at a CAGR of 9.1%. The region accounted for 4.6% of the global market share in 2024. Driven by the need to diversify energy sources and improve grid efficiency, countries like the UAE and Saudi Arabia are investing in digital transformation. These efforts are aligned with national visions such as Saudi Vision 2030, focusing on smart infrastructure, renewable integration, and enhanced consumer energy management.

Africa

Africa held the smallest share of the global digital utility market at 3% in 2024, with a value of USD 6,778.54 million, growing from USD 3,672.02 million in 2018 and projected to reach USD 12,697.90 million by 2032 at a CAGR of 7.8%. The market is expanding gradually due to rising electricity access programs, investments in off-grid and mini-grid solutions, and donor-backed smart grid initiatives. Countries like South Africa, Kenya, and Nigeria are beginning to adopt digital technologies to manage energy distribution, reduce outages, and expand reach in underserved rural areas, despite challenges with infrastructure and funding.

Digital Utility Market segmentation

Market Segmentations:

By Technology

  • Hardware
  • Integrated Solutions

By Network

  • Generation
  • Transmission & Distribution
  • Retail
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Competitive Landscape

The competitive landscape of the digital utility market is characterized by the presence of several global technology and industrial leaders, each aiming to strengthen their market position through strategic collaborations, product innovations, and digital transformation initiatives. Key players such as ABB, Siemens, Schneider Electric, Microsoft, Oracle, and IBM are actively investing in smart grid technologies, cloud platforms, and AI-driven analytics to offer comprehensive digital utility solutions. These companies are focused on enhancing energy efficiency, grid reliability, and customer engagement for utility providers. Strategic partnerships between software firms and utility operators have become increasingly common, enabling end-to-end digital solutions that integrate IT and operational technologies. Additionally, firms like SAP SE, Cisco Systems, and Accenture are leveraging their expertise in enterprise software and consulting services to support digital transitions across the utility sector. The market remains highly competitive, with firms continuously enhancing their offerings to cater to growing global demand for intelligent, resilient, and sustainable utility infrastructure.

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Key Player Analysis

  • ABB
  • Accenture
  • Cisco Systems, Inc.
  • Honeywell International Inc.
  • International Business Machines Corporation
  • Microsoft
  • Oracle
  • SAP SE
  • Schneider Electric
  • Siemens

Recent Developments

  • In July 2025, IBM launched Power11 servers, a major upgrade supporting AI, hybrid cloud, and high-resiliency digital utility workloads on-premises or in cloud, aiming to bolster performance and scalability for utility sector digital transformation.
  • In June 2025 ABB, in partnership with Applied Digital, launched a groundbreaking power infrastructure solution tailored for AI-ready data centers at a 400 MW campus in North Dakota. Central to this is ABB’s HiPerGuard Medium Voltage Static UPS, boosting grid reliability, scalability, and energy efficiency essential for the next wave of AI-powered digital utilities.
  • In June 2025, Accenture restructured its business into an integrated “Reinvention Services” unit to better embed AI and data into digital utility solutions, aiming to accelerate the adoption of trusted, AI-powered services sector-wide.
  • In June 2025, Cisco unveiled innovations in AI-ready, secure data center networks and campus architectures, simplifying infrastructure scaling for utilities integrating AI and IoT. These include centralized management, new AI-optimized networking devices, and advanced security features for digital grid environments.
  • In June 2025, Honeywell expanded its Digital Prime ecosystem to support utilities’ transition from automation to full autonomy using new AI-enabled digital suites.

Market Concentration & Characteristics

The Digital Utility Market exhibits a moderately concentrated structure, with a mix of global technology leaders and specialized solution providers holding significant shares. It features a blend of industrial giants like Siemens, ABB, Schneider Electric, and Microsoft that offer end-to-end digital utility solutions, alongside niche players focusing on specific segments such as grid automation or analytics. It is characterized by high capital intensity, long project cycles, and strong dependency on regulatory frameworks and infrastructure readiness. The market reflects a high degree of technological integration, with AI, IoT, and cloud computing central to product offerings. Vendor differentiation depends on platform scalability, cybersecurity capabilities, and interoperability with existing utility infrastructure. Partnerships between IT firms and utility operators shape the competitive landscape, enabling cross-industry innovation. It demands deep industry expertise and proven track records due to the complexity of deployment and operational risk. Buyers prioritize reliability, technical support, and long-term service contracts when selecting vendors.

Report Coverage

The research report offers an in-depth analysis based on Technology, Network and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The market will continue to expand due to rising investments in smart grid modernization.
  2. Utility providers will adopt AI and IoT to improve operational efficiency and real-time decision-making.
  3. Integrated solutions will dominate, offering scalable platforms for grid management and customer engagement.
  4. Cloud-based utility platforms will gain traction among small and mid-sized operators.
  5. Demand for cybersecurity solutions will increase to protect digital infrastructure and customer data.
  6. Renewable energy integration will drive adoption of digital tools for load balancing and forecasting.
  7. Governments will support digital utility rollouts through policy incentives and infrastructure funding.
  8. Advanced metering infrastructure will become standard across major utility networks.
  9. Companies will form more strategic partnerships to deliver comprehensive digital solutions.
  10. Asia Pacific will emerge as the fastest-growing region, driven by urbanization and energy demand.

CHAPTER NO. 1 :      GENESIS OF THE MARKET           

1.1 Market Prelude – Introduction & Scope

1.2 The Big Picture – Objectives & Vision

1.3 Strategic Edge – Unique Value Proposition

1.4 Stakeholder Compass – Key Beneficiaries

CHAPTER NO. 2 :      EXECUTIVE LENS

2.1 Pulse of the Industry – Market Snapshot

2.2 Growth Arc – Revenue Projections (USD Million)

2.3. Premium Insights – Based on Primary Interviews

CHAPTER NO. 3 :      DIGITAL UTILITY MARKET FORCES & INDUSTRY PULSE           

3.1 Foundations of Change – Market Overview
3.2 Catalysts of Expansion – Key Market Drivers
3.2.1 Momentum Boosters – Growth Triggers
3.2.2 Innovation Fuel – Disruptive Technologies
3.3 Headwinds & Crosswinds – Market Restraints
3.3.1 Regulatory Tides – Compliance Challenges
3.3.2 Economic Frictions – Inflationary Pressures
3.4 Untapped Horizons – Growth Potential & Opportunities
3.5 Strategic Navigation – Industry Frameworks
3.5.1 Market Equilibrium – Porter’s Five Forces
3.5.2 Ecosystem Dynamics – Value Chain Analysis
3.5.3 Macro Forces – PESTEL Breakdown

3.6 Price Trend Analysis

3.6.1 Regional Price Trend
3.6.2 Price Trend by product

CHAPTER NO. 4 :      KEY INVESTMENT EPICENTER    

4.1 Regional Goldmines – High-Growth Geographies

4.2 Product Frontiers – Lucrative Product Categories

4.3 Network Sweet Spots – Emerging Demand Segments

CHAPTER NO. 5: REVENUE TRAJECTORY & WEALTH MAPPING

5.1 Momentum Metrics – Forecast & Growth Curves

5.2 Regional Revenue Footprint – Market Share Insights

5.3 Segmental Wealth Flow – Technology & Network Revenue

CHAPTER NO. 6 :      TRADE & COMMERCE ANALYSIS

6.1.      Import Analysis by Region

6.1.1.    Global Digital Utility Market Import Revenue By Region

6.2.      Export Analysis by Region

6.2.1.    Global Digital Utility Market Export Revenue By Region

CHAPTER NO. 7 :      COMPETITION ANALYSIS 

7.1.      Company Market Share Analysis

7.1.1.    Global Digital Utility Market: Company Market Share

7.2.      Global Digital Utility Market Company Revenue Market Share

7.3.      Strategic Developments

7.3.1.    Acquisitions & Mergers

7.3.2.    New Product Launch

7.3.3.    Regional Expansion

7.4.      Competitive Dashboard

7.5.    Company Assessment Metrics, 2024

CHAPTER NO. 8 :      DIGITAL UTILITY MARKET – BY TECHNOLOGY SEGMENT ANALYSIS          

8.1.      Digital Utility Market Overview by Technology Segment

8.1.1.    Digital Utility Market Revenue Share By Technology

8.1.2.    Digital Utility Market Revenue Share By Technology

8.2.      Hardware

8.3.      Integrated Solutions

CHAPTER NO. 9 :      DIGITAL UTILITY MARKET – BY NETWORK SEGMENT ANALYSIS     

9.1.      Digital Utility Market Overview by Network Segment

9.1.1.    Digital Utility Market Revenue Share By Network

9.1.2.    Digital Utility Market Revenue Share By Network

9.2.      Generation

9.3.      Transmission & Distribution

9.4.      Retail

9.5.      Others

CHAPTER NO. 10 :    DIGITAL UTILITY MARKET – REGIONAL ANALYSIS  

10.1.     Digital Utility Market Overview by Region Segment

10.1.1.  Global Digital Utility Market Revenue Share By Region

10.1.2.  Regions

10.1.3.  Global Digital Utility Market Revenue By Region

10.1.4.  Global Digital Utility Market Revenue By Region

10.1.5.  Technology

10.1.6.  Global Digital Utility Market Revenue By Technology

10.1.7.  Global Digital Utility Market Revenue By Technology

10.1.8.  Network

10.1.9.  Global Digital Utility Market Revenue By Network

10.1.10. Global Digital Utility Market Revenue By Network

CHAPTER NO. 11 :    NORTH AMERICA DIGITAL UTILITY MARKET – COUNTRY ANALYSIS         

11.1.     North America Digital Utility Market Overview by Country Segment

11.1.1.  North America Digital Utility Market Revenue Share By Region

11.2.     North America

11.2.1.  North America Digital Utility Market Revenue By Country

11.2.2.  Technology

11.2.3.  North America Digital Utility Market Revenue By Technology

11.2.4.  Network

11.2.5.  North America Digital Utility Market Revenue By Network

11.3.     U.S.

11.4.     Canada

11.5.     Mexico

CHAPTER NO. 12 :    EUROPE DIGITAL UTILITY MARKET – COUNTRY ANALYSIS     

12.1.     Europe Digital Utility Market Overview by Country Segment

12.1.1.  Europe Digital Utility Market Revenue Share By Region

12.2.     Europe

12.2.1.  Europe Digital Utility Market Revenue By Country

12.2.2.  Technology

12.2.3.  Europe Digital Utility Market Revenue By Technology

12.2.4.  Network

12.2.5.  Europe Digital Utility Market Revenue By Network

12.3.     UK

12.4.     France

12.5.     Germany

12.6.     Italy

12.7.     Spain

12.8.     Russia

12.9.   Rest of Europe

CHAPTER NO. 13 :    ASIA PACIFIC DIGITAL UTILITY MARKET – COUNTRY ANALYSIS     

13.1.     Asia Pacific Digital Utility Market Overview by Country Segment

13.1.1.  Asia Pacific Digital Utility Market Revenue Share By Region

13.2.     Asia Pacific

13.2.1.  Asia Pacific Digital Utility Market Revenue By Country

13.2.2.  Technology

13.2.3.  Asia Pacific Digital Utility Market Revenue By Technology

13.2.4.  Network

13.2.5.  Asia Pacific Digital Utility Market Revenue By Network

13.3.     China

13.4.     Japan

13.5.     South Korea

13.6.     India

13.7.     Australia

13.8.     Southeast Asia

13.9.     Rest of Asia Pacific

CHAPTER NO. 14 :    LATIN AMERICA DIGITAL UTILITY MARKET – COUNTRY ANALYSIS

14.1.     Latin America Digital Utility Market Overview by Country Segment

14.1.1.  Latin America Digital Utility Market Revenue Share By Region

14.2.     Latin America

14.2.1.  Latin America Digital Utility Market Revenue By Country

14.2.2.  Technology

14.2.3.  Latin America Digital Utility Market Revenue By Technology

14.2.4.  Network

14.2.5.  Latin America Digital Utility Market Revenue By Network

14.3.     Brazil

14.4.     Argentina

14.5.     Rest of Latin America

CHAPTER NO. 15 :    MIDDLE EAST DIGITAL UTILITY MARKET – COUNTRY ANALYSIS

15.1.     Middle East Digital Utility Market Overview by Country Segment

15.1.1.  Middle East Digital Utility Market Revenue Share By Region

15.2.     Middle East

15.2.1.  Middle East Digital Utility Market Revenue By Country

15.2.2.  Technology

15.2.3.  Middle East Digital Utility Market Revenue By Technology

15.2.4.  Network

15.2.5.  Middle East Digital Utility Market Revenue By Network

15.3.     GCC Countries

15.4.     Israel

15.5.     Turkey

15.6.     Rest of Middle East

CHAPTER NO. 16 :    AFRICA DIGITAL UTILITY MARKET – COUNTRY ANALYSIS     

16.1.     Africa Digital Utility Market Overview by Country Segment

16.1.1.  Africa Digital Utility Market Revenue Share By Region

16.2.     Africa

16.2.1.  Africa Digital Utility Market Revenue By Country

16.2.2.  Technology

16.2.3.  Africa Digital Utility Market Revenue By Technology

16.2.4.  Network

16.2.5.  Africa Digital Utility Market Revenue By Network

16.3.     South Africa

16.4.     Egypt

16.5.     Rest of Africa

CHAPTER NO. 17 :    COMPANY PROFILES         

17.1.     ABB

17.1.1.  Company Overview

17.1.2.  Product Portfolio

17.1.3.  Financial Overview

17.1.4.  Recent Developments

17.1.5.  Growth Strategy

17.1.6.  SWOT Analysis

17.2.     Accenture

17.3.     Cisco Systems, Inc.

17.4.     Honeywell International Inc.

17.5.     International Business Machines Corporation

17.6.     Microsoft

17.7.     Oracle

17.8.     SAP SE

17.9.     Schneider Electric

17.10.   Siemens

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Frequently Asked Questions

What is the projected growth of the Digital Utility Market?

The Digital Utility Market was valued at USD 228,202.45 million in 2024.

What are the main drivers of growth in the Digital Utility Market?

Key drivers include the increasing adoption of digital technologies like smart meters and grid automation, the need for better energy management, the shift to renewable energy, and the rise of smart cities and energy decentralization.

How are technological advancements impacting the Digital Utility Market?

Advancements in AI, machine learning, and IoT are transforming utilities by enabling real-time monitoring, predictive maintenance, and demand forecasting, improving operational efficiency and grid reliability.

Which regions are leading the Digital Utility Market?

North America and Europe are leading the market due to strong renewable energy adoption and smart grid initiatives. The Asia Pacific region, including China, India, and Japan, is also experiencing significant growth.

Why are utilities investing in digital infrastructure?

Utilities are investing in digital infrastructure to enhance operational efficiency, optimize energy distribution, reduce costs, and meet sustainability goals while adapting to renewable energy sources.

About Author

Ganesh Chandwade

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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