Improving Productivity & Efficiency of Utilities is Expected to Drive the Digital Utility Market During the Forecast year 2023

Digital Utility Market by Network (Generation, Transmission and Distribution, and Retail), Technology (Hardware and Integrated Solutions (Cloud and Software, Services)), and Region (North America, Europe, and Asia-Pacific) - Global Forecast to 2023
The 'Global and Chinese Digital Utility Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Digital Utility industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Digital Utility manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for each company. Through the statistical analysis, the report depicts the global and Chinese total market of Digital Utility industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2018-2023 market development trends of Digital Utility industry. Analysis of upstream raw materials,
downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Digital Utility Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2013-2023 global and Chinese Digital Utility industry covering all important parameters.

For Free PDF Sample Feel Free to Contact: https://www.algororeports.com/sample-request/world-stem-cell-manufacturing-market-research-report-by-product-type-end-user-application-and-regions-countries

The digital utility ecosystem comprises system integrators such as Accenture plc (Ireland), Cognizant Technology Solutions Corporation (U.S.), and Cap Gemini S.A. (France), among others; automation and integrated solutions providers such as ABB Ltd (Switzerland), Siemens AG (Germany), and General Electric Company (U.S.), among others; cloud platform companies such as SAP SE (Germany), International Business Machines Corporation (U.S.), and Oracle Corporation (U.S.), among others.

Target Audience:

The target audience of this report includes:

• Electric utilities
• Distributed energy resource (DER) companies
• Electrical infrastructure providers
• IT vendors
• Transmission and distribution systems operators
• Systems integrators
• Government agencies
• Investors and financial community professionals
Scope of the Report:
By Network
• Generation
• Transmission and Distribution
• Retail
By Technology
• Hardware
• Integrated Solutions
• Cloud and Software
• Services
By Region
• North America
• Europe
• Asia-Pacific
• Middle East
• South America
• Africa
Know more about the Stem Cell Manufacturing Market: https://www.algororeports.com/sample-request/global-digital-utility-market-report-2018
The growth of the digital utility market is driven by factors such as stringent regulatory norms and increasing number of distributed and renewable power generation projects. The demand for digital utility solutions is increasing rapidly owing to benefits provided by technologies such as digital asset management, digital utility maturity assessment, and digital utility enterprise architecture.

The North America region commanded the leading revenue share in 2016 owing to factors such as rapid technological advancements, enhanced network connectivity, and high adoption rate of digital services.Some of the prominent companies operating in the market are ABB Ltd., IBM Corporation, International Business Machine Corporation, Microsoft Corporation, Oracle Corporation, and SAP SE.

Further Key Findings from the Study Suggest:
• The hardware segment is likely to gain the highest share in the market over the forecast period. Hardware is extensively used in next generation equipment such as smart meters and transformers.
• The transmission & distribution segment is poised to dominate the market over the forecast period. Digital utility solutions enable users to effectively perform the transmission & distribution activities.
• North America was the leading revenue contributor in 2016owing to increasing number of renewable power plants and rising investments in electrical infrastructure.

For Purchase Enquiry: https://www.algororeports.com/enquiry/global-digital-utility-market-report-2018
The transmission and distribution segment is expected to hold the largest share of the digital utility market, by network, during the forecast period.
The transmission and distribution sub segment of the network segment led the digital utility market in 2016 and is projected to dominate the market during the forecast period. However, the retail segment is expected to grow at the fastest rate during the forecast period.
The growth of the transmission and distribution segment is primarily driven by aging infrastructure in the power utilities industry. New digital devices and communications and control systems improve the efficiency of assets and increase the ability of operators to monitor and manage electric transmission and distribution systems. This would ultimately create new revenue pockets for the digital utility market during the forecast period.
Ask for the discount: https://www.algororeports.com/check-discount/global-digital-utility-market-report-2018
The hardware sub segment is expected to hold the largest share of the digital utility market, by technology, during the forecast period.
The hardware sub segment of the technology segment led the digital utility market in 2016 and is projected to dominate the market during the forecast period. However, the integrated solutions segment is expected to grow at the fastest rate during the forecast period.
The hardware segment includes all the tangible aspects of the digital utility market. It covers equipment, from smart meters to smart transformers and all the products of a digital substation. It also encompasses all the components that make conventional equipment smart, such as sensors, smart thermostats, and programmable logic controllers, among others. Hardware generally costs more than other digital solutions and services and, hence, the segment accounts for a larger share of the market.
North America: The leading market for digital utility
In this report, the digital utility market has been analyzed with respect to six regions, namely, North America, South America, Asia-Pacific, Europe, Middle-East, and Africa. The market in North America led the global digital utility market in 2016.
The utilities in North America have been undergoing a digital transformation for the past several years. Utility providers in the region are focused on the upgradation of power infrastructure through digital technologies such as smart meters and smart grids, among others. The U.S. government launched the Smart Grid Investment Grant (SGIG) program for smart grid development. There was an investment of USD 118.5 billion, in 2016, in smart cities in the region; this is expected to increase to USD 244.5 billion by 2021. Hence, the North American market presents a greater opportunity for the digital utility market.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the digital utility market. The key players include Accenture plc (Ireland), Cap Gemini S.A. (France), General Electric Company (U.S.), Siemens AG (Germany), SAP SE (Germany), and International Business Machines Corporation (U.S.), among others. The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
Browse Full Report with TOC: https://www.algororeports.com/reports/global-digital-utility-market-report-2018

AlgoroReports is a part of Algororesearch Consultant Pvt. Ltd. AlgoroReports is one of the largest collections of market research reports from numerous publishers with the team of industries specialist that meet with best client requirements. Market Research is based on a research project that may also be an expansion on past work in the field. Research projects can be used to develop further knowledge on a topic, geography, culture, linguistics, and community to provide exact idea about existing market.

Neel Patel
Manager Business Development
www.algororeports.com
neel.patel@algororeports.com
Ph: +1–972–591–8785 (US)
info@algororeports.com

This release was published on openPR.