Insights on the Digital Utility Global Market to 2027 – Players Include Microsoft, General Electric and IBM Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Digital Utility Market Size By Technology, By Network, By Geographic Scope And Forecast” report has been added to ResearchAndMarkets.com’s offering.
The global digital utility market was valued at USD 187.31 Billion in 2019 and is projected to reach USD 454.16 Billion by 2027, at long term CAGR of 12.47% from 2020 to 2027.
- Microsoft Corporation
- Siemens AG
- General Electric
- Oracle Corporation
- SAP SE
- Schneider Electric SE
- ABB LTD
- Eaton Corporation
The Digital Utility Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Digital Utility Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
Increasing number of distributed and renewable power generation projects is a key element that has boosted the growth of Digital Utility market. Power system across the world have become less centralized as the resource mix combines distributed energy resources and new options for delivering and consuming electricity services arise in the distribution system. DERs are still minor players in most power systems when it comes to providing electricity services; however, smart energy use and DER deployment are on the rise.
This report provides an all-inclusive environment of the analysis for the Digital Utility Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Digital Utility Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Digital Utility Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Digital Utility Market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Outlook
4.1 Global Digital Utility Market Outlook
4.2 Synopsis on Smart Grid
4.3 Distributed Energy Resource Management System
4.4 An Overview on Self-Healing Networks
4.5 Global Energy Management Solutions
4.6 An Overview on Global Microgrids
4.7 Market Drivers
4.7.1 Rising Number of Distributed and Renewable Power Generation Projects
4.7.2 Stringent Government Regulations for Electric Utilities
4.8 Market Restraints
4.8.1 Cyber Security Concerns
4.9 Market Opportunities
4.9.1 Increasing Digitalization of Power Sector
4.10 Impact of COVID – 19 on Digital Utility Market
5 Market, by Network
5.2 Transmission and Distribution
6 Market, by Technology
6.2 Integrated Solutions
6.2.2 Cloud and Software
7 Market, by Geography
8 Competitive Landscape
8.2 Competitive Scenario
8.3 Company Market Ranking Analysis
9 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/5jr7gf
Laura Wood, Senior Press Manager
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