Digital Power Utility Global Market Report 2025

Digital power utility involves the incorporation of advanced technologies, data analytics, and communication systems into traditional utility infrastructure to improve efficiency, reliability, and sustainability. This entails utilizing digital devices and systems to monitor and control the generation, distribution, and consumption of electricity.

The primary types of digital power utility are hardware services and software services. Digital power utility hardware services encompass the hardware components and associated services utilized in digital power utility systems. These services find applications in power generation, transmission and distribution, energy storage, and energy trading sectors, catering to large enterprises, small-sized enterprises, and medium-sized enterprises.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a notable impact on the utilities sector, particularly across power generation, grid modernization, and renewable energy initiatives. Increased duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems are driving up both capital and operational expenses for utility companies, prompting many to delay projects or pass higher costs on to consumers through increased energy rates. The water and waste management sectors are similarly affected, as tariffs inflate the cost of essential machinery, piping, and treatment technologies. Moreover, retaliatory tariffs from key trading partners have disrupted the supply of critical raw materials-such as rare earth elements vital for clean energy technologies-posing further challenges to the shift toward sustainable energy. In response, the sector is increasingly focusing on domestic procurement, digital transformation, and efficiency-enhancing innovations to control rising costs while safeguarding energy reliability and meeting regulatory demands.

The digital power utility market research report is one of a series of new reports from The Business Research Company that provides digital power utility market statistics, including digital power utility industry global market size, regional shares, competitors with a digital power utility market share, detailed digital power utility market segments, market trends and opportunities, and any further data you may need to thrive in the digital power utility industry. This digital power utility market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The digital power utility market size has grown rapidly in recent years. It will grow from $92.43 billion in 2024 to $110.15 billion in 2025 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to the rising focus on renewable energy projects and energy storage devices, rising distribution and transmission network, the increasing global warming and degradation of natural resources, growing environmental concerns, increasing number of renewable energy plants.

The digital power utility market size is expected to see rapid growth in the next few years. It will grow to $226.97 billion in 2029 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to the growing industrialization and urbanization have led to a surge in energy demand, the growing digitalization worldwide, increasing electricity generation and energy demand consumption, the rising need for renewable energy, rising need for green energy. Major trends in the forecast period include digitalization of power plants worldwide, technological advancements, increase in renewable energy sector and renewable integration, increased demand for energy from renewable sources, rapid digitalization are fueling the demand for digital utility solutions.

The forecast of 19.8% growth over the next five years reflects a slight reduction of 0.2% from the previous projectiont. This reduction is primarily due to the impact of tariffs between the US and other countries. U.S. utilities advancing toward digitalization may encounter project delays due to tariffs on imported smart meters, IoT sensors, and edge computing devices from Asia. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The increasing demand for renewable energy sources is poised to propel the expansion of the digital power utility market in the foreseeable future. Renewable energy, derived from replenishable natural sources, is gaining prominence due to heightened awareness of the environmental and social impacts associated with fossil fuels, driving the quest for cleaner and more sustainable energy alternatives. In this context, digital power utility solutions play a pivotal role in efficiently managing the variable output of renewable energy sources, optimizing energy storage, and ensuring real-time balance between energy supply and demand. As highlighted by the European Commission, renewable energy consumption in the EU surged to 23.0% in 2022, reflecting a steady upward trajectory from 21.9% in 2021. Thus, the escalating need for renewable energy is a key driver behind the growth of the digital power utility market.

Leading companies in the digital power utility market are spearheading the development of innovative solutions such as GridOS, aimed at revolutionizing and future-proofing electricity grids. GridOS is a comprehensive platform that harnesses the power of energy data, network modeling, and AI-driven analytics to fuel a suite of intelligent applications. For instance, in February 2023, GE Digital, a prominent US-based software corporation, unveiled GridOS, featuring a robust 'zero trust' grid security model designed to safeguard critical resources against internal and external threats. Supported by a robust partner ecosystem that includes Amazon Web Services (AWS) as a cloud provider and Accenture and Infosys as key system integrators, the GridOS platform and application suite offer multifaceted support for grid operations, spanning mapping and design, advanced energy management system (AEMS) for transmission and market management, advanced distribution management system (ADMS) for distribution network operations, and distributed energy resource management system (DERMS) for forecasting and resource management, thereby paving the way for the modernization and transformation of electricity grids for a sustainable future.

In January 2022, Schneider Electric, a France-based leader in digital automation and energy management, acquired Zeigo for an undisclosed amount. This acquisition allows Schneider Electric to broaden its digital renewable energy services, particularly in the area of power purchase agreements (PPAs). Zeigo, a UK-based climate-tech platform, focuses on streamlining renewable energy procurement through the use of machine learning and digital solutions.

Major companies operating in the digital power utility market report are Microsoft Corporation, Siemens AG, General Electric Company, Accenture PLC, The International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., Capgemini Ltd., Eaton Corporation plc, Cognizant, Infosys Ltd., Vestas Wind Systems A/S, Emerson Electric Co., Hitachi Energy Ltd., Wipro Ltd., Siemens Gamesa Renewable Energy S.A., Rockwell Automation Inc., Nordex SE, PTC Inc., National Instruments Corporation, Mitsubishi Power Ltd., Toshiba Energy Systems & Solutions Corporation

North America was the largest region in the digital power utility market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital power utility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the digital power utility market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The digital power utility market consists of revenues earned by entities by providing services such as maintenance scheduling, customer experience enhancement, smart meters and automation, integration of renewable energy, data analytics and advanced analytics, and electric vehicle integration. The market value includes the value of related goods sold by the service provider or included within the service offering. The digital power utility market also includes sales of smart meters, distribution automated devices, substation automation equipment and communication devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Digital Power Utility Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on digital power utility market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for digital power utility ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The digital power utility market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Hardware Service; Software Service
• 2) By Sector: Power Generation; Transmission And Distribution; Energy Storage; Energy Trading
• 3) By Organization Size: Large Enterprises; Small-sized Enterprises; Medium-sized Enterprises
• Subsegments:
• 1) By Hardware Service: Smart Meters; Grid Management Equipment; Communication Infrastructure; Substation Automation Devices; Distributed Energy Resource (DER) Management Hardware
• 2) By Software Service: Energy Management Software; Advanced Metering Infrastructure (AMI) Software; Grid Analytics Software; Outage Management Software; Customer Engagement Software
• Companies Mentioned: Microsoft Corporation; Siemens AG; General Electric Company; Accenture PLC; The International Business Machines Corporation; Cisco Systems Inc.; Oracle Corporation; Schneider Electric SE; Honeywell International Inc.; SAP SE; ABB Ltd.; Capgemini Ltd.; Eaton Corporation plc; Cognizant; Infosys Ltd.; Vestas Wind Systems A/S; Emerson Electric Co.; Hitachi Energy Ltd.; Wipro Ltd.; Siemens Gamesa Renewable Energy S.A.; Rockwell Automation Inc. ; Nordex SE; PTC Inc.; National Instruments Corporation; Mitsubishi Power Ltd.; Toshiba Energy Systems & Solutions Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.