Digital Power Utility Market 2022 Trending Technologies, Development Plans, Future Growth and Geographical Regions to 2027

The Global Digital Power Utility Market report aims at providing principal data regarding latest trends, key developments, novel strategies adopted by leading players and customer data. By knowing more about all these factors, it becomes easy for business participants to increase their product portfolio in the marketplace. It further guides which product or service to launch in the market. It talks about reasons behind lack of sales and provides them guidance to drive the sales growth by providing them market dynamics including drivers and restraints. Customer expectations, market performance, pricing analysis and market growth factors are some of the significant factors discussed in this Digital Power Utility Market analysis report.

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The Top Major Competitive Players are : General Electric, Siemens, ABB, Capgemini, Sap, IBM, Microsoft Corporation, Oracle Corporation, Wipro, Infosys

Industry News:

TMG Launches Digital Utility Transformation & Innovation Collaborative for Utilities

Austin, TX – TMG announced today the launch of its Digital Utility Transformation & Innovation Collaborative – a consortium of utilities and digital solutions providers from across the world who are focused on accelerating digital innovation throughout the utility value chain. The Digital Utility Collaborative will provide its members access to cutting edge research on leading technologies and solutions that are shaping the landscape of utility digital innovation, and access to new virtual venues for interaction and sharing of implementation experiences and best practices.

Market Overview:

The concept of digitalizing power utilities is gaining pace amidst recent technological advancements in power sector. Utilities are known as slow adopters when it comes to technology while government regulations have largely dis-incentivized the adoption of latest technology and planning processes. Several power utilities across the world have now learnt the advantages and importance of digitalization which are much prevalent in other industries. Today, several startups and big companies provide technologies and platforms that allow power producers, utilities and other companies in the energy sector to reduce their operating costs, increase revenues and exploit new business opportunities. Some of the key benefits for power utilities by going digital are optimized operation and maintenance, efficient asset management, managing electricity loads, higher customer satisfaction due to the higher predictability of energy ecosystem.

Market Segmentation:

Segmentation By Type:

Hardware Service

software Service

Segmentation By Application:

Power Generation

Transmission and Distribution

Energy Storage

Other

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America – Among the early adopter of digitalization

North American countries such as the US and Canada are among the few first countries to strengthen its power utilities using digital platforms. Digital transformation in North America is driving utilities to change their business and operating and information models.  Further, North American power utility market is highly competitive, and any value addition to its existing services means a great deal to its consumers. With the potential of cleaner energy supply coming from renewable energy and the surge in shale gas in North America, utilities are in a position where they must evolve their supply mix and innovate to protect their customer base.

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What does the Report Provides?

Market Size Estimates: The report offers accurate and reliable estimation of the market size in terms of value and volume. Aspects such as production, distribution and supply chain, and revenue for the Digital Power Utility market are also highlighted in the report

Analysis on Market Trends: In this part, upcoming market trends and development have been scrutinized

Growth Opportunities: The report here provides clients with the detailed information on the lucrative opportunities in the Digital Power Utility market

Regional Analysis: In this section, the clients will find comprehensive analysis of the potential regions and countries in the Digital Power Utility market

Analysis on the Key Market Segments: The report focuses on the segments: end user, application, and product type and the key factors fueling their growth.

Vendor Landscape: Competitive landscape provided in the report will help the companies to become better equipped to be able to make effective business decisions.

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