The Global Digital Power Utility Market Size Was Valued at USD 60.78 Billion in 2021, and is Projected to Reach USD 212.75 Billion by 2028, Growing at A CAGR of 19.6% From 2022 to 2028.
The concept of digitalizing power utilities is gaining steam, owing to recent technological advancements in the power sector. Utility companies are known for being late adopters when it comes to technology, and government regulations have traditionally discouraged the adoption of cutting-edge technology and planning methodologies. Digitization, which is widely employed in other industries, has now been recognized by several power utilities throughout the world. Several startups and large enterprises today provide technologies and platforms that help power producers, utilities, and other energy companies decrease costs, increase revenues, and pursue new business opportunities.
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This Digital Power Utility Market Report includes information on the manufacturer, such as shipping, pricing, revenue, interview records, gross profit, and company distribution, among other things. These details assist consumers to learn more about their rivals. Likewise, the report outlines the significant difficulties that would have an influence market growth. They also give extensive facts about the industry's potential to key stakeholders, allowing them to expand their industries and increase sales in certain industries. The research will assist companies who are already in or want to enter this market in analysing the many facets of this domain before investing in or growing their industry in the Digital Power Utility Market.
Leading Key Players Covered Digital Power Utility Market: -
- ABB Ltd.
- General Electric Co.
- Infosys Ltd
- Siemens AG
- Accenture Plc.
- Cognizant Technology Solutions
- Capgemini SE
- Sap SE
- Microsoft Corporation
- Oracle Corporation
- Wipro Ltd and other major players.
The Digital Power Utility Market analysis summary is a comprehensive examination of the present developments in many areas that are driving this vertical trend. Market share, applications, market size, statistics, and sales are all summarized in this report. Furthermore, this research highlights a detailed competition analysis of market possibilities, particularly growth plans as claimed by industry specialists.
Effect of COVID-19 on the Digital Power Utility Market: -
The research presents a full analysis of the pandemic's influence on the whole industry, as well as an outline of market scenarios before and after COVID-19. All of our reports will be modified before distribution to account for the impact of COVID-19 in order to offer a more accurate market prediction. The research study looks at numerous market segments based on type, application, and geographies. The research also includes a competitive analysis of the top Smart Cities product providers, as well as their most recent advances.
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Segmentation of Digital Power Utility Market: -
By Technology: -
- Integrated Solutions
By Sector: -
- Power Generation
- Transmission & Distribution
- Power Consumption
- Energy Storage
- Energy Trading
By Region: -
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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