Digital Utility Market Size, Share & Trends Analysis Report By Technology (Hardware, Integrated Solutions), By Network (Transmission & Distribution, Retail, Generation), By Region, And Segment Forecasts, 2018 - 2025

Published: Apr, 2018 | Pages: 79 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global digital utility market size is expected to reach USD 299.1 billion by 2025, according to a new study by Grand View Research, Inc., expanding at a CAGR of 11.6% during the forecast period. Technological advancements are leading to digitalization of businesses, including the power industry. The power industry is increasingly realizing the importance of digital technologies, which in turn is anticipated to augment the market over the forecast period. Companies have recognized the benefits of digitalization and are now focusing on two key areas, namely customer engagement and improvement of operations and productivity, thus transforming the way businesses are conducted in the power industry.

The growth of the digital utility market is driven by factors such as stringent regulatory norms and increasing number of distributed and renewable power generation projects. The demand for digital utility solutions is increasing rapidly owing to benefits provided by technologies such as digital asset management, digital utility maturity assessment, and digital utility enterprise architecture.

The North America region commanded the leading revenue share in 2016 owing to factors such as rapid technological advancements, enhanced network connectivity, and high adoption rate of digital services.Some of the prominent companies operating in the market are ABB Ltd., IBM Corporation, International Business Machine Corporation, Microsoft Corporation, Oracle Corporation, and SAP SE.

Further key findings from the study suggest:

• The hardware segment is likely to gain the highest share in the market over the forecast period. Hardware is extensively used in next generation equipment such as smart meters and transformers.

• The transmission & distribution segment is poised to dominate the market over the forecast period. Digital utility solutions enable users to effectively perform the transmission & distribution activities.

• North America was the leading revenue contributor in 2016owing to increasing number of renewable power plants and rising investments in electrical infrastructure.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope and Assumptions
                 1.3 List of Data Sources

Chapter 2 Executive Summary
                 2.1 Digital Utility Market - Industry Snapshot & Key Buying Criteria, (2014 - 2025)
                 2.2 Digital Utility Market, 2014 - 2025

Chapter 3 Digital Utility Market Industry Outlook
                 3.1 Market Segmentation and Scope
                 3.2 Market Size and Growth Prospects
                 3.3 Digital Utility Market - Value Chain Analysis
                 3.4 Digital Utility Market - Market Dynamics
                     3.4.1 Market driver analysis
                          3.4.1.1 Growing number of renewable power generation projects
                          3.4.1.2 Need to enhance the profitability and productivity of utilities
                     3.4.2 Market challenge analysis
                          3.4.2.1 High initial investments
                 3.5 Digital Utility Market - Porter's Five Forces Analysis
                 3.6 Digital Utility Market - PEST Analysis

Chapter 4 Digital Utility Market Technology Outlook
                 4.1 Digital Utility Market Share by Technology, 2016 & 2025
                 4.2 Hardware
                     4.2.1 Digital utility market for hardware, 2014 - 2025
                 4.3 Integrated Solutions
                     4.3.1 Digital utility market for integrated solutions, 2014 - 2025

Chapter 5 Service virtualization Network Outlook
                 5.1 Digital Utility Market Share by Network, 2016 & 2025
                     5.1.1 Generation
                     5.1.2 Digital utility market for generation, 2014 - 2025
                 5.2 Transmission & Distribution
                     5.2.1 Digital utility market for transmission & distribution, 2014 - 2025
                 5.3 Retail
                     5.3.1 Digital utility market for retail, 2014 - 2025

Chapter 6 Digital Utility Market Regional Outlook
                 6.1 Digital Utility Market share by region, 2016 & 2025
                 6.2 North America
                 6.3 North America digital utility market, 2014 - 2025
                     6.3.1 U.S. digital utility market, 2014 - 2025
                     6.3.2 Canada digital utility market, 2014 - 2025
                 6.4 Europe
                     6.4.1 Europe digital utility market, 2014 - 2025
                     6.4.2 Germany digital utility market, 2014 - 2025
                     6.4.3 France digital utility market, 2014 - 2025
                 6.5 Asia Pacific
                     6.5.1 APAC digital utility market, 2014 - 2025
                     6.5.2 China digital utility market, 2014 - 2025
                     6.5.3 India digital utility market, 2014 - 2025
                     6.5.4 Japan digital utility market, 2014 - 2025
                 6.6 Rest of the World
                     6.6.1 Rest of World digital utility market, 2014 - 2025

Chapter 7 Competitive Landscape
                 7.1 Company Ranking Analysis
                 7.2 Vendor Landscape
                 7.3 ABB Ltd.
                     7.3.1 Company overview
                     7.3.2 Financials performance
                     7.3.3 Product benchmarking
                     7.3.4 Strategic initiatives
                 7.4 General Electric Company
                     7.4.1 Company overview
                     7.4.2 Financials performance
                     7.4.3 Product benchmarking
                     7.4.4 Strategic Initiatives
                 7.5 Eaton Corporation plc
                     7.5.1 Company overview
                     7.5.2 Financial performance
                     7.5.3 Product benchmarking
                     7.5.4 Strategic Initiatives
                 7.6 Microsoft Corporation
                     7.6.1 Company overview
                     7.6.2 Financial performance
                     7.6.3 Product benchmarking
                     7.6.4 Recent developments
                 7.7 International Business Machines (IBM) Corporation
                     7.7.1 Company overview
                     7.7.2 Financial performance
                     7.7.3 Product benchmarking
                     7.7.4 Recent developments
                 7.8 Oracle Corporation
                     7.8.1 Company overview
                     7.8.2 Financial performance
                     7.8.3 Product benchmarking
                 7.9 Capgemini
                     7.9.1 Company overview
                     7.9.2 Financials Performance
                     7.9.3 Product Benchmarking
                     7.9.4 Recent developments
                 7.10 SAP SE
                     7.10.1 Company overview
                     7.10.2 Financial performance
                     7.10.3 Product benchmarking
                     7.10.4 Recent developments
                 7.11 Schneider Electric
                     7.11.1 Company overview
                     7.11.2 Financial performance
                     7.11.3 Product benchmarking
                     7.11.4 Strategic initiatives
                 7.12 Siemens AG
                     7.12.1 Company overview
                     7.12.2 Financial performance
                     7.12.3 Product benchmarking
                     7.12.4 Strategic Initiatives

List of Tables

TABLE 1 Digital Utility Market - Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 Digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 3 Digital utility market, by region, 2014 - 2025 (USD Billion)
TABLE 4 Digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 5 Digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 6 Digital utility market - key market driver impact
TABLE 7 Digital utility market - Key market challenge impacts
TABLE 8 Digital utility market for hardware, 2014 - 2025 (USD Billion)
TABLE 9 Digital utility market for hardware, by region, 2014 - 2025 (USD Billion)
TABLE 10 Digital utility market for integrated solutions, 2014 - 2025 (USD Billion)
TABLE 11 Digital utility market for integrated solutions, by region, 2014 - 2025 (USD Billion)
TABLE 12 Digital utility market for generation, 2014 - 2025 (USD Billion)
TABLE 13 Digital utility market for generation, by region, 2014 - 2025 (USD Billion)
TABLE 14 Digital utility market for transmission & distribution, 2014 - 2025 (USD Billion)
TABLE 15 Digital utility market for transmission & distribution, by region, 2014 - 2025 (USD Billion)
TABLE 16 Digital utility market for retail, 2014 - 2025 (USD Billion)
TABLE 17 Digital utility market for retail, by region, 2014 - 2025 (USD Billion)
TABLE 18 North America digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 19 North America digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 20 North America digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 21 U.S. digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 22 U.S. digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 23 U.S. digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 24 Canada digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 25 Canada digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 26 Canada digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 27 Europe digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 28 Europe digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 29 Europe digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 30 Germany digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 31 Germany digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 32 Germany digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 33 France digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 34 France digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 35 France digital utility market, by deployment, 2014 - 2025 (USD Billion)
TABLE 36 APAC digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 37 APAC digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 38 APAC digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 39 China digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 40 China digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 41 China digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 42 India digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 43 India digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 44 India digital utility market, by deployment, 2014 - 2025 (USD Billion)
TABLE 45 Japan digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 46 Japan digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 47 Japan digital utility market, by network, 2014 - 2025 (USD Billion)
TABLE 48 Rest of World digital utility market, by revenue, 2014 - 2025 (USD Billion)
TABLE 49 Rest of World digital utility market, by technology, 2014 - 2025 (USD Billion)
TABLE 50 Rest of World digital utility market, by deployment, 2014 - 2025 (USD Billion)

List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 Global digital utility market, 2014 - 2025 (USD billion)
FIG. 3 Digital utility market - value chain analysis
FIG. 4 Digital utility market - Porter's five forces analysis
FIG. 5 Digital utility market - PEST analysis
FIG. 6 Digital utility market, by technology, 2016 & 2025
FIG. 7 Digital utility market, by network, 2016 & 2025
FIG. 8 Digital utility market, by region, 2016 & 2025
FIG. 9 North America digital utility market - key takeaways
FIG. 10 Europe digital utility market - key takeaways
FIG. 11 Asia Pacific digital utility market - key takeaways
FIG. 12 Company ranking analysis