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Utility Asset Management Market Expected to Grow at 9.95% CAGR to 2032

04-04-2025 10:58 AM CET | Energy & Environment

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Utility Asset Management Market

Utility Asset Management Market

​The global utility asset management market is poised for significant growth, with projections indicating an increase from USD 4.15 billion in 2024 to nearly USD 8.87 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.95%. This surge is driven by the escalating demand for efficient energy distribution, the modernization of aging infrastructure, and the integration of advanced technologies across utility networks.​

Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/1138/

► Competitive Landscape

The utility asset management sector is characterized by the presence of several key players who are instrumental in shaping the market dynamics. Notable companies include ABB Ltd., Siemens AG, General Electric Company, Emerson Electric Co., and S&C Electric Company. These industry leaders are continually innovating and expanding their portfolios to meet the evolving needs of utility providers worldwide. ​

► Regional Insights

• North America:

The United States stands as a pivotal market for utility asset management, with the sector projected to reach an estimated value of USD 2.35 billion by 2032. This growth is attributed to substantial investments in grid modernization and the adoption of smart grid technologies aimed at enhancing energy efficiency and reliability.​

• Asia Pacific:

This region is anticipated to experience the fastest growth in the utility asset management market during the forecast period. Countries such as China and India are at the forefront, driven by rapid urbanization, increasing energy consumption, and significant investments in infrastructure development.

Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/1138/

• Middle East and Africa:

The Middle East and Africa are witnessing a surge in utility asset management activities, propelled by the need to upgrade existing infrastructure and integrate renewable energy sources. A notable development is Saudi Arabia's ACWA Power planning to acquire Engie's stakes in assets across Kuwait and Bahrain, amounting to $693 million. This acquisition encompasses significant power generation and water desalination facilities, marking ACWA Power's entry into the Kuwaiti market and strengthening its presence in Bahrain.

• Europe:

Europe remains a significant player in the utility asset management landscape, with ongoing efforts to modernize aging infrastructure and integrate sustainable energy solutions. A recent development includes Thames Water selecting KKR, a US private equity firm, as its preferred bidder to take over the UK's largest water utility. KKR's preliminary £4 billion bid aims to acquire a majority stake in Thames Water, addressing its substantial debt and infrastructure upgrade needs.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/1138/

► Market Segmentation: In-Depth Analysis:

• by Utility Type

Public Utility
Private Utility

• by Type

Hardware
Software

The UAM market is divided into software and hardware components. In 2024, the market was dominated by the hardware category. Based on a number of factors, including voltage, current, heat, temperature, and frequency, the sensors in the hardware section provide information about a number of utility assets.

• by Application

Transformer
Sub-Station
Transmission & Distribution Lines

The UAM market is divided into transformer, sub-station, transmission, and distribution lines based on the applications. By 2030, it is anticipated that the substation would have the most market share in the utility asset management industry. The primary source of this growth is the expanding distribution substation brought on by the world's increasing urbanization.

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-utility-asset-management-market/1138/

► Learn about the top players driving innovation in the Market :

1. Siemens AG
2. S&C Electric
3. ABB, Ltd.
4. Sentient Energy, Inc
5. Emerson Electric Co.
6. Enetics Inc.
7. Aclara Technologies LLC
8. CNIguard Limited
9. Emerson Electric Co.
10.Enetics, Inc.
11.General Electric Company
12.Hitachi ABB Power Grids Group
13.Lindsey Manufacturing Co.
14.Sentient Energy, Inc.
15.Vaisala Oyj
16.Netcontrol Oy
17.Eaton
18.DNV GL
19.IBM Corporation
20.Black & Veatch
21.Schneider Electric
22.Getac
23.Fujitsu

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► Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

► About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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