Smart utilities management market is anticipated to grow at a considerable CAGR of 18.5% during the forecast period. Advancement of digital technologies presents a transformational opportunity for the utilities sector. Innovations already used in many other industries, such as decentralized production, real-time analytics pulled from big data, sensor networks, and mobile computing, are changing the contours and competitive balance of utilities. Traditional utility models are getting disrupted. Utilities are looking ahead to leverage the rapid advance of digital technologies across the value chain and to streamline their internal processes. The growing investment in smart grids to cater demand for the growing population is driving the global market growth.
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The global smart utilities management market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, North America is anticipated to exhibit significant growth in the global market. In North America, the US is considered to make major contribution to the North American smart utilities management system market during the forecast period. The growing adoption of smart grid technology in the region to modernize the existing aging grid infrastructure is a major factor creating demand for smart utilities management system for their management. Therefore, the increasing investment in the modernizing of aging grid infrastructure is likely to drive the growth of the regional market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Smart Utilities Management Market by Type
- Meter Data Management System
- Energy Monitoring/ Management
- Smart Distribution Management
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- C3 IoT, Inc.
- Cisco System, Inc.
- Delta Electronics, Inc.
- Dexma Sensors, S.L.
- Distech Controls, Inc.
- Eaton
- Energy Management Solutions, Inc.
- General Electric Co.
- GridPoint, Inc.
- Honeywell International, Inc.
- IBM Corp.
- Johnson Controls International PLC
- MidAmerican Energy Services, LLC
- Phoenix Energy Technologies
- Rockwell Automation, Inc.
- SAP SE
- Schneider Electric SE
- Siemens AG
- Tendril Networks, Inc.
- Yokogowa Electric Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart utilities management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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