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Global Digital Utility Market Growth, Size, Share, Industry Report and Forecast to 2025
A full Report of Global Digital Utility Market is Available at: https://www.omrglobal.com/industry-reports/digital-utility-market
Increasing usage of renewable energy sources propels digital utility market
There is increasing the use of unpredictable renewable energy sources in power generation which has caused an imbalance of energy demand and supply. For managing this, utilities, independent power producers and other energy companies are exploring effective ways. The companies are leveraging digital utility technology such as AI and IoT for improving the accessibility and efficiency of renewable energy technologies. For instance, in November 2019, ABB Ltd. has announced to deploy AI for helping commercial and industrial buildings revolutionize their energy management and tackle rising electricity peak tariffs. The company has added two new AI-powered applications, Energy Forecasting, and Intelligent Alerts, to the ABB Ability Electrical Distribution Control System (EDCS). The company has developed the AI functions in partnership with Verdigris Technologies as part of the Open Innovation program of ABB Ltd. The Energy Forecasting app will enable users to reduce their electricity bills by reducing peak demand charges.
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Government initiatives for smart meters installations boosting digital utility market
Governments across the globe including North American, European as well as Asia-Pacific Countries are taking every possible step to install smart meters in every household. For instance, the US government is taking immense steps to install every household and industry with smart meters according to the US Energy Information Administration. In Europe primarily in the UK where the Government is committed to ensuring that every home and small business in the country is offered a smart meter by the end of 2020 according to the UK energy department. This Smart Metering Program aims to roll-out over 50 million smart gas and electricity meters to all domestic properties and smart or advanced meters to smaller non-domestic sites in Great Britain impacting approximately 30 million premises.
Global Digital Utility Market Segmentation
By Product Type
• Hardware
• Software and Services
By Network
• Retail
• Generation
• Transmission and Distribution
Global Digital Utility Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• ABB Ltd.
• Accenture PLC
• Capgemini Service SAS
• Cisco Systems Inc.
• Cognizant Technology Solutions Corp.
• DXC Technology Co.
• Eaton Corp.
• General Electric Co.
• FANUC Corp.
• HCL Technologies Ltd.
• IBM Corp.
• Leidos, Inc.
• Microsoft Corp.
• NetScout Systems, Inc.
• Oracle Corp.
• SAP SE
• Schneider Electric SE
• Siemens AG
• Salesforce.com, Inc.
• Tieto Group
For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/digital-utility-market
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
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.
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