Digital Utility Market Outlook to 2027 - COVID-19 Impact and Global Analysis by Eaton Corporation PLC, and General Electric Company, IBM Corporation, Oracle Corporation

Digital Utility Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Deployment Model (On-premise, Cloud, and Hybrid); Technology (Hardware and Integrated Solutions ); Network (Generation, Transmission & Distribution, and Retail)

Increasing demands for increasing the productivity as well as the efficiency of power generation industry coupled with rising regulatory norms by the concerned bodies are anticipated to be major factors driving the digital utility market. Higher implementation costs, as well as poor digital infrastructures in the developing economies, pose a challenge to the growth of digital utility market. Growing implementations of smart cities in various countries of the world provide opportunities to the players operating in the digital utility market.

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Growing populations and the allied growing demands for power from the consumers have put pressures on the power generation industry. Conventional business models have proven to be incapacitated of sufficing the exponentially increasing demands for power generation, transmission & distribution. There is a need for a digital revolution in the power industry where renewables, smart grids as well as distributed generation functions have triggered emerging business models and regulatory frameworks. Various challenges thrive and demand a transformation in the utility industry thereby leading to digital utility arena.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global digital utility market based on the device deployment model, technology, and network. It also provides market size and forecast till 2027 for overall digital utility market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The digital utility market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Also, key digital utility market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key development in the past five years.

Top Companies Mentioned are -
- ABB Ltd.
- Accenture PLC
- Capgemini SA
- Eaton Corporation PLC
- General Electric Company
- IBM Corporation
- Oracle Corporation
- SAP SE
- Siemens AG

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