Press release
Utility Asset Management Market Expected to Grow at 9.95% CAGR to 2032
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
► Get Market Research Latest Trends :
♦ Hydropower Market https://www.maximizemarketresearch.com/market-report/hydropower-market/73888/
♦ Engineering, Procurement, and Construction Management (EPCM) Market https://www.maximizemarketresearch.com/market-report/engineering-procurement-and-construction-management-epcm-market/73131/
♦ Global Turbomolecular Pumps Market https://www.maximizemarketresearch.com/market-report/global-turbomolecular-pumps-market/20730/
♦ Biochar Market https://www.maximizemarketresearch.com/market-report/biochar-market/11779/
♦ Endoscopic Spinal Surgery Market https://www.maximizemarketresearch.com/market-report/global-endoscopic-spinal-surgery-market/80247/
♦ Global Captive Power Generation Market https://www.maximizemarketresearch.com/market-report/global-captive-power-generation-market/30612/
♦ Microproppant Market https://www.maximizemarketresearch.com/market-report/microproppant-market/256696/
♦ Water Quality Analyzer Market https://www.maximizemarketresearch.com/market-report/water-quality-analyzer-market/72598/
♦ Global Spent Nuclear Fuel (SNF) Dry Storage Casks Market https://www.maximizemarketresearch.com/market-report/global-spent-nuclear-fuel-snf-dry-storage-casks-market/77670/
♦ Wireline Services Market https://www.maximizemarketresearch.com/market-report/global-wireline-services-market/49545/
♦ Global Intelligent Pump Market https://www.maximizemarketresearch.com/market-report/global-hollow-core-insulator-market/19825/
♦ Global Active Optical Cable Market https://www.maximizemarketresearch.com/market-report/global-active-optical-cable-market/30906/
♦ Global Air Purification Systems Market https://www.maximizemarketresearch.com/market-report/air-purification-systems-market/12123/
♦ Vacuum Gas Oil Market https://www.maximizemarketresearch.com/market-report/vacuum-gas-oil-market/70831/
► 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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Utility Asset Management Market Expected to Grow at 9.95% CAGR to 2032 here
News-ID: 3955637 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Infrared LED Market Set for Rapid Growth, Reaching USD 1.64 Billion by 2032
Infrared LED Market size was valued at USD 749.33 Mn 2024 and is expected to reach USD 1,640.45 Mn by 2032, at a CAGR of 10.29%
Infrared LED Market Overview:
The infrared (IR) LED market has witnessed remarkable growth due to its critical applications across diverse industries such as consumer electronics, automotive, healthcare, and security. Infrared LEDs emit light in the infrared spectrum, enabling functionalities like remote sensing, night vision, gesture recognition,…

Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 …
According to a new report by Maximize Market Research, the global Millet Based Packaged Food Market was valued at USD 47.95 million in 2024 and is projected to reach approximately USD 104.30 million by 2032, growing at a compound annual growth rate (CAGR) of 10.2 % during 2025-2032. The growth is attributed to increased consumer preference for nutritious, gluten-free and convenient foods, particularly in Asia-Pacific and North American regions.
► Get…

Millet Based Packaged Food Market to Surge from USD 47.95 Million to USD 104.30 …
According to a new report by Maximize Market Research, the global Millet Based Packaged Food Market was valued at USD 47.95 million in 2024 and is projected to reach approximately USD 104.30 million by 2032, growing at a compound annual growth rate (CAGR) of 10.2 % during 2025-2032. The growth is attributed to increased consumer preference for nutritious, gluten-free and convenient foods, particularly in Asia-Pacific and North American regions.
► Get…

Agricultural Robots Market to Soar from USD 15.67 B in 2024 to ~USD 88.15 B by 2 …
According to a new report by Maximize Market Research, the global agricultural robots market was valued at USD 15.67 billion in 2024 and is projected to reach approximately USD 88.15 billion by 2032, growing at a compound annual growth rate (CAGR) of 24.1 %. The expansion reflects accelerating adoption across North America, Europe, and Asia amid rising demand for automation in farming operations.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/34593/
♦ Key…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…