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.
Get Free Sample link @ https://www.omrglobal.com/request-sample/smart-utilities-management-market
As per the United Nations (UN) in 2018, 55.0% of the global population lives in urban areas, which is further expected to increase to 68.0% by 2050. This projection by the UN shows that urbanization combined with the overall growth of the global population could add another 2.5 billion people to urban areas by 2050, with close to 90% of this increase taking place in Asia and Africa. Increasing urban population puts higher pressure on the urban infrastructure for energy saving, and hence, the governments of different economies are taking initiatives for meeting ever-growing needs of the urban population. The governments of several economies are investing in the smart meter and smart grid projects.
full report of Smart Utilities Management Market available @ https://www.omrglobal.com/industry-reports/smart-utilities-management-market
- 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.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/smart-utilities-management-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
