Home / Energy / Global Digital Utility Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Global Digital Utility Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Published: Jan 2020 | Published By: Acute Market Research

The digital utility market was valued at US$ 141.41 Bn in 2018 and expected to reach US$ 381.38 Bn by 2027 at a CAGR of 11.7% throughout the forecast period from 2019 to 2027.

Market Insights

"Technological advancement will spur revenue growth during the forecast period"

Rapid technological advancements coupled with industrial revolution 4.0 is leading business towards digitalization including power industry. The power industry is increasingly adopting digital technologies which in turn is augmenting the growth of digital utility market. Additionally, significant changes in energy demand coupled with strains on growth in capital asset investment are weakening the rise in utilities. Such shifts drive the need to adopt a new business model with digital capacities that can help utilities respond to changes in utility management and consumption. Organizations have realized the importance of digitalization and are now focused on two aspects namely customer guarantee and advancement of efficiency. Thereby propelling the demand for digital utility market.

In addition, the combination of factors including increasing number of distributed and renewable power generation projects globally, stringent regulation for electric utilities and need to improve productivity and efficiency among others are major factors driving the growth of digital utility market. The increasing penetration of digital technology, upcoming smart city projects globally and demand for domestic electricity in countries including China and India among others are expected to proliferate the digital utility market growth.

Industrial Developments

• In May 2019, Cisco Systems Inc. has entered into a partnership agreement with Snam S.p.A a major European utility company to develop and innovate Industrial Internet of Things in sector.

Key Market Movements

• Globally, the digital utility market is growing at a CAGR of 11.7% for the period of 2019 to 2027. In 2018, the revenue generated globally for digital utility market was 141.41 Bn and is expected to reach US$ 381.38 Bn by 2027.
• Many utility companies are investing heavily in the digitalization of their firms and changing their core business model to gain a competitive edge, which is acting as a key factor for growth of the market.
• However, a high initial cost is associated to transform digitally which is hindering the growth of the market.
• Companies are collaborating with service providers for adopting to industry revolution 4.0. For instance, Accenture has launched Amelia to help companies accelerate adoption of industrial internet of things and artificial intelligence to improve their business and create lucrative opportunities.
• North America region is dominating the global digital utility market on terms of market revenue. This can be associated with rapid adoption of digital technologies including artificial intelligence, industrial internet of things among others and presence of state-of-the-art infrastructure among others.

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

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

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)

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)

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