PUBLISHER: KBV Research | PRODUCT CODE: 1450530
PUBLISHER: KBV Research | PRODUCT CODE: 1450530
Asia Pacific Digital Utility Market Size, Share & Trends Analysis Report By Technology, By Network (Generation, Transmission & Distribution, and Retail), By Country and Growth Forecast, 2023 - 2030
The Asia Pacific Digital Utility Market would witness market growth of 10.6% CAGR during the forecast period (2023-2030).
One of the primary drivers compelling utilities to adopt digital technologies is the promise of operational efficiency. Digital utility solutions, such as smart grids and advanced metering infrastructure, enable utilities to monitor, analyze, and optimize their operations in real-time. This leads to streamlined processes, reduced downtime, and improved system efficiency. Integrating renewable energy sources like solar and wind requires sophisticated grid management and control systems. Digital solutions enable utilities to seamlessly incorporate these intermittent energy sources into the grid, contributing to a more sustainable and resilient energy infrastructure.
Increasing consumer awareness and demands for transparency are prompting utilities to adopt digital solutions that enhance customer engagement. Consumer-centric applications, like interactive platforms and mobile apps, empower end-users to monitor their energy usage, receive real-time information, and participate in energy-saving initiatives. Meeting these expectations is crucial for utilities looking to build positive relationships with their customer base. The technologies enable real-time monitoring and control of power grids. Smart grids utilize sensors, communication networks, and advanced analytics to gather data on grid conditions, allowing utilities to optimize energy distribution, identify faults, and respond quickly to fluctuations in demand.
As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Digital Utility Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $33,061 million by 2030. The Japan market is experiencing a CAGR of 9.8% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 11.3% during (2023 - 2030).
Based on Technology, the market is segmented into Hardware, and Integrated Solutions. Based on Network, the market is segmented into Generation, Transmission & Distribution, and Retail. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Cognizant Technology Solutions Corporation
- Accenture PLC
- Capgemini SE
- ABB Ltd.
- General Electric Company
- Siemens AG
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- IBM Corporation
Asia Pacific Digital Utility Market Report Segmentation
By Technology
- Hardware
- Integrated Solutions
By Network
- Generation
- Transmission & Distribution
- Retail
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Asia Pacific Digital Utility Market, by Technology
- 1.4.2Asia Pacific Digital Utility Market, by Network
- 1.4.3Asia Pacific Digital Utility Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan - 2023, Nov) Leading Players
- 4.4Porter's Five Forces Analysis
Chapter 5.Asia Pacific Digital Utility Market, By Technology
- 5.1Asia Pacific Hardware Market, By Country
- 5.2Asia Pacific Integrated Solutions Market, By Country
Chapter 6.Asia Pacific Digital Utility Market, By Network
- 6.1Asia Pacific Generation Market, By Country
- 6.2Asia Pacific Transmission & Distribution Market, By Country
- 6.3Asia Pacific Retail Market, By Country
Chapter 7.Asia Pacific Digital Utility Market, By Country
- 7.1China Digital Utility Market
- 7.1.1China Digital Utility Market, By Technology
- 7.1.2China Digital Utility Market, By Network
- 7.2Japan Digital Utility Market
- 7.2.1Japan Digital Utility Market, By Technology
- 7.2.2Japan Digital Utility Market, By Network
- 7.3India Digital Utility Market
- 7.3.1India Digital Utility Market, By Technology
- 7.3.2India Digital Utility Market, By Network
- 7.4South Korea Digital Utility Market
- 7.4.1South Korea Digital Utility Market, By Technology
- 7.4.2South Korea Digital Utility Market, By Network
- 7.5Singapore Digital Utility Market
- 7.5.1Singapore Digital Utility Market, By Technology
- 7.5.2Singapore Digital Utility Market, By Network
- 7.6Malaysia Digital Utility Market
- 7.6.1Malaysia Digital Utility Market, By Technology
- 7.6.2Malaysia Digital Utility Market, By Network
- 7.7Rest of Asia Pacific Digital Utility Market
- 7.7.1Rest of Asia Pacific Digital Utility Market, By Technology
- 7.7.2Rest of Asia Pacific Digital Utility Market, By Network
Chapter 8.Company Profiles
- 8.1Cognizant Technology Solutions Corporation
- 8.1.1Company overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.1.4Recent strategies and developments:
- 8.1.4.1Product Launches and Product Expansions:
- 8.1.4.2Acquisition and Mergers:
- 8.1.5SWOT Analysis
- 8.2Accenture PLC
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental Analysis
- 8.2.4Research & Development Expenses
- 8.2.5Recent strategies and developments:
- 8.2.5.1Partnerships, Collaborations, and Agreements:
- 8.2.6SWOT Analysis
- 8.3Capgemini SE
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Regional Analysis
- 8.3.4Recent strategies and developments:
- 8.3.4.1Partnerships, Collaborations, and Agreements:
- 8.3.4.2Acquisition and Mergers:
- 8.3.5SWOT Analysis
- 8.4ABB Ltd.
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5Recent strategies and developments:
- 8.4.5.1Product Launches and Product Expansions:
- 8.4.5.2Acquisition and Mergers:
- 8.4.6SWOT Analysis
- 8.5General Electric Company
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expense
- 8.5.5Recent strategies and developments:
- 8.5.5.1Partnerships, Collaborations, and Agreements:
- 8.5.6SWOT Analysis
- 8.6Siemens AG
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Research & Development Expense
- 8.6.5Recent strategies and developments:
- 8.6.5.1Partnerships, Collaborations, and Agreements:
- 8.6.5.2Product Launches and Product Expansions:
- 8.6.6SWOT Analysis
- 8.7Microsoft Corporation
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expenses
- 8.7.5Recent strategies and developments:
- 8.7.5.1Acquisition and Mergers:
- 8.7.6SWOT Analysis
- 8.8Oracle Corporation
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4Research & Development Expense
- 8.8.5Recent strategies and developments:
- 8.8.5.1Partnerships, Collaborations, and Agreements:
- 8.8.6SWOT Analysis
- 8.9SAP SE
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Segmental and Regional Analysis
- 8.9.4Research & Development Expense
- 8.9.5Recent strategies and developments:
- 8.9.5.1Partnerships, Collaborations, and Agreements:
- 8.9.6SWOT Analysis
- 8.10.IBM Corporation
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3Regional & Segmental Analysis
- 8.10.4Research & Development Expenses
- 8.10.5Recent strategies and developments:
- 8.10.5.1Partnerships, Collaborations, and Agreements:
- 8.10.5.2Acquisition and Mergers:
- 8.10.6SWOT Analysis
LIST OF TABLES
- TABLE 1Asia Pacific Digital Utility Market, 2019 - 2022, USD Million
- TABLE 2Asia Pacific Digital Utility Market, 2023 - 2030, USD Million
- TABLE 3Partnerships, Collaborations and Agreements- Digital Utility Market
- TABLE 4Product Launches And Product Expansions- Digital Utility Market
- TABLE 5Acquisition and Mergers- Digital Utility Market
- TABLE 6Asia Pacific Digital Utility Market, By Technology, 2019 - 2022, USD Million
- TABLE 7Asia Pacific Digital Utility Market, By Technology, 2023 - 2030, USD Million
- TABLE 8Asia Pacific Hardware Market, By Country, 2019 - 2022, USD Million
- TABLE 9Asia Pacific Hardware Market, By Country, 2023 - 2030, USD Million
- TABLE 10Asia Pacific Integrated Solutions Market, By Country, 2019 - 2022, USD Million
- TABLE 11Asia Pacific Integrated Solutions Market, By Country, 2023 - 2030, USD Million
- TABLE 12Asia Pacific Digital Utility Market, By Network, 2019 - 2022, USD Million
- TABLE 13Asia Pacific Digital Utility Market, By Network, 2023 - 2030, USD Million
- TABLE 14Asia Pacific Generation Market, By Country, 2019 - 2022, USD Million
- TABLE 15Asia Pacific Generation Market, By Country, 2023 - 2030, USD Million
- TABLE 16Asia Pacific Transmission & Distribution Market, By Country, 2019 - 2022, USD Million
- TABLE 17Asia Pacific Transmission & Distribution Market, By Country, 2023 - 2030, USD Million
- TABLE 18Asia Pacific Retail Market, By Country, 2019 - 2022, USD Million
- TABLE 19Asia Pacific Retail Market, By Country, 2023 - 2030, USD Million
- TABLE 20Asia Pacific Digital Utility Market, By Country, 2019 - 2022, USD Million
- TABLE 21Asia Pacific Digital Utility Market, By Country, 2023 - 2030, USD Million
- TABLE 22China Digital Utility Market, 2019 - 2022, USD Million
- TABLE 23China Digital Utility Market, 2023 - 2030, USD Million
- TABLE 24China Digital Utility Market, By Technology, 2019 - 2022, USD Million
- TABLE 25China Digital Utility Market, By Technology, 2023 - 2030, USD Million
- TABLE 26China Digital Utility Market, By Network, 2019 - 2022, USD Million
- TABLE 27China Digital Utility Market, By Network, 2023 - 2030, USD Million
- TABLE 28Japan Digital Utility Market, 2019 - 2022, USD Million
- TABLE 29Japan Digital Utility Market, 2023 - 2030, USD Million
- TABLE 30Japan Digital Utility Market, By Technology, 2019 - 2022, USD Million
- TABLE 31Japan Digital Utility Market, By Technology, 2023 - 2030, USD Million
- TABLE 32Japan Digital Utility Market, By Network, 2019 - 2022, USD Million
- TABLE 33Japan Digital Utility Market, By Network, 2023 - 2030, USD Million
- TABLE 34India Digital Utility Market, 2019 - 2022, USD Million
- TABLE 35India Digital Utility Market, 2023 - 2030, USD Million
- TABLE 36India Digital Utility Market, By Technology, 2019 - 2022, USD Million
- TABLE 37India Digital Utility Market, By Technology, 2023 - 2030, USD Million
- TABLE 38India Digital Utility Market, By Network, 2019 - 2022, USD Million
- TABLE 39India Digital Utility Market, By Network, 2023 - 2030, USD Million
- TABLE 40South Korea Digital Utility Market, 2019 - 2022, USD Million
- TABLE 41South Korea Digital Utility Market, 2023 - 2030, USD Million
- TABLE 42South Korea Digital Utility Market, By Technology, 2019 - 2022, USD Million
- TABLE 43South Korea Digital Utility Market, By Technology, 2023 - 2030, USD Million
- TABLE 44South Korea Digital Utility Market, By Network, 2019 - 2022, USD Million
- TABLE 45South Korea Digital Utility Market, By Network, 2023 - 2030, USD Million
- TABLE 46Singapore Digital Utility Market, 2019 - 2022, USD Million
- TABLE 47Singapore Digital Utility Market, 2023 - 2030, USD Million
- TABLE 48Singapore Digital Utility Market, By Technology, 2019 - 2022, USD Million
- TABLE 49Singapore Digital Utility Market, By Technology, 2023 - 2030, USD Million
- TABLE 50Singapore Digital Utility Market, By Network, 2019 - 2022, USD Million
- TABLE 51Singapore Digital Utility Market, By Network, 2023 - 2030, USD Million
- TABLE 52Malaysia Digital Utility Market, 2019 - 2022, USD Million
- TABLE 53Malaysia Digital Utility Market, 2023 - 2030, USD Million
- TABLE 54Malaysia Digital Utility Market, By Technology, 2019 - 2022, USD Million
- TABLE 55Malaysia Digital Utility Market, By Technology, 2023 - 2030, USD Million
- TABLE 56Malaysia Digital Utility Market, By Network, 2019 - 2022, USD Million
- TABLE 57Malaysia Digital Utility Market, By Network, 2023 - 2030, USD Million
- TABLE 58Rest of Asia Pacific Digital Utility Market, 2019 - 2022, USD Million
- TABLE 59Rest of Asia Pacific Digital Utility Market, 2023 - 2030, USD Million
- TABLE 60Rest of Asia Pacific Digital Utility Market, By Technology, 2019 - 2022, USD Million
- TABLE 61Rest of Asia Pacific Digital Utility Market, By Technology, 2023 - 2030, USD Million
- TABLE 62Rest of Asia Pacific Digital Utility Market, By Network, 2019 - 2022, USD Million
- TABLE 63Rest of Asia Pacific Digital Utility Market, By Network, 2023 - 2030, USD Million
- TABLE 64Key Information - Cognizant Technology Solutions Corporation
- TABLE 65Key Information - Accenture PLC
- TABLE 66Key Information - Capgemini SE
- TABLE 67Key Information - ABB Ltd.
- TABLE 68Key Information - General Electric Company
- TABLE 69Key Information - Siemens AG
- TABLE 70Key Information - Microsoft Corporation
- TABLE 71Key Information - Oracle Corporation
- TABLE 72Key Information - SAP SE
- TABLE 73Key Information - IBM Corporation
