Press release
Utility Management System Market Size, Emerging Trends, Growth Factors, Forecasts to 2027- Atos SE, Cisco Systems, General Electric, Honeywell International, IBM, Itron,Landis+Gyr
A utility management system is the solution that manages the utilities effectively, it includes, smart gas management, smart water management, smart grid management. The advent of smart cities and smart grids is the major driver for the growth of the utility management system market. Moreover, increasing use of emerging innovative solutions such as smart meters and increasing investments in digital infrastructure are also fueling the growth of the utility management system market.Some companies engaged in the utility management system market are Atos SE, Cisco Systems, General Electric, Honeywell, IBM, Itron, Landis+Gyr, Oracle, Schneider electric, Siemens AG
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The report aims to provide an overview utility management system market with detailed market segmentation as smart water management, smart gas management, smart grid management, and geography. The global utility management system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading utility management system market players and offers key trends and opportunities in the utility management system market.
Growing investment in the smart grid, increasing up-gradation of aging utility infrastructure, and the need to manage resources efficiently are the significant factors booming the growth of the utility management system market. Rising concerns about environmental protection and increasing the adoption of smart grid technology to improve efficiency in energy conservation and consumption are boosting the growth of the utility management system market. Further, growing energy demand across the globe, increased distributed energy resources, and requirements for efficient and reliable power are expected to fuel the utility management system market growth during the forecast period.
The global utility management system market is segmented on the basis of smart water management, smart gas management, smart grid management. On the basis of smart water management the market is segmented as device, solution, services. On the basis of smart gas management the market is segmented as device, solution, services. On the basis of smart grid management the market is segmented as device, solution, services.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global utility management system market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The utility management system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting utility management system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the utility management system market in these regions.
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