Utilities Asset Management Market: Rapidly Increasing Energy Production and Demand Coupled with Growing Electrification Targets in Remote Locations to Drive Market Growth.

As per the study initiated by Evolve Business Intelligence, the global Utilities Asset Management market size accounted for USD 12.97 Billion in 2022, growing at a CAGR of 11.95% from 2023 to 2033. The management and maintenance of physical assets such as power plants, transmission networks, and other infrastructure by utility companies are covered under the term "utility asset management market." The reliable, safe, and efficient operation of utility companies necessitates the implementation of utility asset management technologies and systems. The growth of the global utility asset management market is fueled by several factors, including growing electricity demand, aging infrastructure, regulatory mandates, and the requirement for cost-effective and efficient asset management solutions.
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Key Highlights:
• The global Utilities Asset Management Market size was valued at USD 12.97 billion in 2022 growing at a CAGR of 11.95% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on the Global Utilities Asset Management Market focusing on various aspects including market size and forecast, market dynamics, competitors' market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which include Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted to prosper in this industry over the short and long terms. The quantitative analysis includes our authentic findings of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID-19 impact, the Utilities Asset Management market report also includes the following data points:
• COVID-19 Impact on Utilities Asset Management market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Utilities Asset Management market
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Key Players
Some of the major Utilities Asset Management players holding high market share include Black & Veatch, ABS Group, Schneider Electric, IFS, Getac, and Fujitsu. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• General Electric
• ABB
• Black & Veatch
• ABS Group
• Schneider Electric
• IFS
• Getac
• Fujitsu
• Lindsey Manufacturing
• Eaton
• Siemens
• DNV GL
• Aclara Technologies
• Sentient Energy
• IBM
• Hitachi Energy
Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Utilities Asset Management Market:
o Hardware
o Software
o Service
Market Segment By Utility Type with focus on market share, consumption trend, and growth rate of Utilities Asset Management Market:
o Private Utilities
o Public Utilities
Market Segment By Application with a focus on market share, consumption trend, and growth rate of Utilities Asset Management Market:
o Transmission & Distribution Lines
o Sub-station
o Others
Parameters Details
Market Size (2022) USD 12.97 Billion
CAGR (2023 to 2033) 11.95%
Market Segmentation Component, Utility Type, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Utilities Asset Management Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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