What are you looking for?

Need help finding what you are looking for? Contact Us

Compare

Free Samples

Home Market Research Reports Energy & Environment

Electricity Market

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334629

PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334629

Global Digital Power Utility Market Size study & Forecast, by Technology (Hardware, Software & Service), by Sector (Power Generation, Transmission & Distribution, Power Consumption) and Regional Analysis, 2023-2030

PUBLISHED: August 10, 2023

PAGES:

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

A Digital Power Utility refers to the integration of advanced digital technologies into the operations and management of a power utility. The traditional power utility industry has been undergoing a transformation driven by rapid advancements in digital technologies, data analytics, and automation. The aim is to enhance efficiency, reliability, and sustainability while providing better services to customers. The key factors driving the market growth are growing capital investment in renewable energy projects, rising implementation of smart grid, and rising demand for energy in various sectors is anticipated to promote the adoption of digitalization that anticipated to support the market growth during the forecast period 2023-2030.

Moreover, the growing demand for smart grids is a significant factor supporting the growth of the digital power utility market. As the world shifts towards a cleaner and more sustainable energy mix, there is increasing integration of renewable energy sources such as solar, wind, and hydroelectric power. Smart grids play a crucial role in efficiently integrating these intermittent energy sources into the grid. Digital power utility solutions enable real-time monitoring and control of renewable energy generation, ensuring its smooth integration and optimizing its use. According to Statista, in 2022, the global Smart grid technology market was valued at USD 49.7 billion, and it is anticipated to reach USD 130.2 billion by 2028. Additionally, cohesive government initiatives are anticipated to create lucrative opportunities for the market during the forecast period. However, the high operating cost to transform the existing infrastructure stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Digital Power Utility Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rise in the footprint of various sectors in the region, which has led to the expansion of the power transmission & distribution industry. Also, the increasing need for intelligent buildings and building automation contributed to the installation of smart metering and sensors in the area, and that also supported the market growth. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising government backing, adoption of green building trends, and investment in renewable energy are the key factors contributing to the market's expansion. It is anticipated that the expansion of fossil fuel power generation in countries such as China and India would expand the region's market.

Major market player included in this report are:

ABB Ltd. (Switzerland)
General Electric Company (U.S.)
Siemens (Germany)
Accenture Plc (Ireland)
Capgemini Ltd (France)
SAP SE (Germany)
International Business Machines Corporation (U.S.)
Microsoft Corporation (U.S.)
Oracle Corporation (U.S.)
Wipro Ltd (India)

Recent Developments in the Market:

In October 2021, Wipro Limited, an Indian multinational corporation, has entered into a multi-year worldwide strategic IT and digital agreement with National Grid, a British multinational electricity and gas utility company, to accelerate its digital innovation journey.

Global Digital Power Utility Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Technology, Sector, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Technology:

Hardware
Software & Service

By Sector:

Power Generation
Transmission & Distribution
Power Consumption

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Digital Power Utility Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Digital Power Utility Market, by Technology, 2020-2030 (USD Billion)
- 1.2.3. Digital Power Utility Market, by Sector, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Digital Power Utility Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Digital Power Utility Market Dynamics

3.1. Digital Power Utility Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing capital investment in renewable energy projects
  - 3.1.1.2. Rising implementation of smart grid
  - 3.1.1.3. Rising demand for energy in various sectors
- 3.1.2. Market Challenges
  - 3.1.2.1. High operating cost to transform the existing infrastructure
- 3.1.3. Market Opportunities
  - 3.1.3.1. Cohesive government initiatives
  - 3.1.3.2. Growing power Consumption

Chapter 4. Global Digital Power Utility Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Digital Power Utility Market, by Technology

5.1. Market Snapshot
5.2. Global Digital Power Utility Market by Technology, Performance - Potential Analysis
5.3. Global Digital Power Utility Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Digital Power Utility Market, Sub Segment Analysis
- 5.4.1. Hardware
- 5.4.2. Software & Service

Chapter 6. Global Digital Power Utility Market, by Sector

6.1. Market Snapshot
6.2. Global Digital Power Utility Market by Sector, Performance - Potential Analysis
6.3. Global Digital Power Utility Market Estimates & Forecasts by Sector 2020-2030 (USD Billion)
6.4. Digital Power Utility Market, Sub Segment Analysis
- 6.4.1. Power Generation
- 6.4.2. Transmission & Distribution
- 6.4.3. Power Consumption

Chapter 7. Global Digital Power Utility Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Digital Power Utility Market, Regional Market Snapshot
7.4. North America Digital Power Utility Market
- 7.4.1. U.S. Digital Power Utility Market
  - 7.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Sector breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Digital Power Utility Market
7.5. Europe Digital Power Utility Market Snapshot
- 7.5.1. U.K. Digital Power Utility Market
- 7.5.2. Germany Digital Power Utility Market
- 7.5.3. France Digital Power Utility Market
- 7.5.4. Spain Digital Power Utility Market
- 7.5.5. Italy Digital Power Utility Market
- 7.5.6. Rest of Europe Digital Power Utility Market
7.6. Asia-Pacific Digital Power Utility Market Snapshot
- 7.6.1. China Digital Power Utility Market
- 7.6.2. India Digital Power Utility Market
- 7.6.3. Japan Digital Power Utility Market
- 7.6.4. Australia Digital Power Utility Market
- 7.6.5. South Korea Digital Power Utility Market
- 7.6.6. Rest of Asia Pacific Digital Power Utility Market
7.7. Latin America Digital Power Utility Market Snapshot
- 7.7.1. Brazil Digital Power Utility Market
- 7.7.2. Mexico Digital Power Utility Market
7.8. Middle East & Africa Digital Power Utility Market
- 7.8.1. Saudi Arabia Digital Power Utility Market
- 7.8.2. South Africa Digital Power Utility Market
- 7.8.3. Rest of Middle East & Africa Digital Power Utility Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. ABB Ltd (Switzerland)
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. General Electric Company (U.S.)
- 8.3.3. Siemens (Germany)
- 8.3.4. Accenture Plc (Ireland)
- 8.3.5. Capgemini Ltd (France)
- 8.3.6. SAP SE (Germany)
- 8.3.7. International Business Machines Corporation (U.S.)
- 8.3.8. Microsoft Corporation (U.S.)
- 8.3.9. Oracle Corporation (U.S.)
- 8.3.10. Wipro Ltd (India)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Digital Power Utility Market, report scope
TABLE 2. Global Digital Power Utility Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Digital Power Utility Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 4. Global Digital Power Utility Market estimates & forecasts by Sector 2020-2030 (USD Billion)
TABLE 5. Global Digital Power Utility Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Digital Power Utility Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Digital Power Utility Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Digital Power Utility Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Digital Power Utility Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Digital Power Utility Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Digital Power Utility Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Digital Power Utility Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Digital Power Utility Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Digital Power Utility Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Digital Power Utility Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Digital Power Utility Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Digital Power Utility Market
TABLE 70. List of primary sources, used in the study of global Digital Power Utility Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Digital Power Utility Market, research methodology
FIG 2. Global Digital Power Utility Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Digital Power Utility Market, key trends 2022
FIG 5. Global Digital Power Utility Market, growth prospects 2023-2030
FIG 6. Global Digital Power Utility Market, porters 5 force model
FIG 7. Global Digital Power Utility Market, pest analysis
FIG 8. Global Digital Power Utility Market, value chain analysis
FIG 9. Global Digital Power Utility Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Digital Power Utility Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Digital Power Utility Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Digital Power Utility Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Digital Power Utility Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Digital Power Utility Market, regional snapshot 2020 & 2030
FIG 15. North America Digital Power Utility Market 2020 & 2030 (USD Billion)
FIG 16. Europe Digital Power Utility Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Digital Power Utility Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Digital Power Utility Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Digital Power Utility Market 2020 & 2030 (USD Billion)