Press release
Digital Utility Market: Unlocking Growth Opportunities in Renewable Energies and Aging Infrastructure
Digital Utility Market Size
What Is The Projected Market Size Of The Global Digital Utility Market And Its Growth Rate?
•The digital utility market has seen a significant upsurge, growing from $248.33 billion in 2024 to $273.84 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.3%.
•Contributing to the historic period's growth are factors such as increased use of renewable energy sources, stricter regulations and compliance, aging infrastructure, rising energy demand, growth in data generation, and an increase in natural disasters.
•Continuing its upward trajectory, the digital utility market is further predicted to grow to $470.9 billion in 2029 at a CAGR of 14.5%.
•Leading this growth charge are influences like rapid urbanization, increased threat of cyber-attacks, expansion of electric vehicle infrastructure, adoption of cloud computing, and the implementation of the 5G network.
What Is Driving The Growth In The Digital Utility Market?
The escalating number of distributed and renewable power generation projects propels the growth in the digital utility market. Distributed generation refers to electricity production from multiple sources, particularly renewable energy sources. The increment in distributed projects occurs as renewable and distributed power generation lowers the amount of electricity generated at centralized power facilities, minimizing environmental impact. The surge in distributed and renewable energy generation projects drives mass adoption in the digital utility market.
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Who Are the Key Players Driving Digital Utility Market Growth?
The digital utility market's growth is spearheaded by key industry players such as:
•Bosch.IO GmbH
•Siemens AG
•General Electric Company
•accenture* plc
•IBM Corporation
•Cisco Systems Inc.
•Oracle Corporation
•Schneider Electric SE
•Honeywell International Inc.
•SAP SE
What Are The Key Trends In The Digital Utility Market?
Over the forecast period, the digital utility market will witness key trends including:
•Grid Digitalization
•AI and Machine Learning Applications
•Energy Storage Integration
•Customer-Centric Solutions
•Transition to Smart Cities
What Are The Segments Of The Global Digital Utility Market?
The digital utility market in this report is segmented as:
1) By Deployment: On-Premise, Hybrid, Cloud
2) By Network: Generation, Transmission And Distribution, Retail
3) By Technology: Hardware, Integrated Solutions
4) By End-Use: Banking, Financial Services And Insurance (BFSI), Media And Communication Services, Manufacturing And Natural Resources, Aerospace And Defense, Transportation And Logistics, Government And Utilities, Other End-Users
Which Region Leads The Digital Utility Market?
North America emerged as the largest region in the global digital utility market in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Digital Utility Market Global Market Report?
- Market Size Analysis: Analyze the Digital Utility Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Digital Utility Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Digital Utility Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Digital Utility Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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