Market Dynamics

Global Utility Asset Management Market enables electric utilities to monitor critical assets, tracking age, usage, maintenance history, and a range of other variables. The deregulation of the electricity industry is a force behind the development of new technologies and markets for energy transmission. Assets are the lifeline of the utility industry.

Segment Analysis

The global utility asset management market has been segmented on the basis of application into sub-station, transmission & distribution lines, and transformer. The transformer application segment is expected to account for the largest market share, as it is the most critical asset of the grid. Based on the component, the market has been segmented into hardware and software. Based on utility type, the market has been segmented into private utility and public utility.

Key Factors Impacting Market Growth:

• The decline in the cost of electricity
• Technological development for utility asset management

Regional Outlook:

The regional outlook for utility asset management market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for utility asset management market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of utility asset management market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for utility asset management market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: General Electric Company, Aclara Technologies LLC, Netcontrol OY, ABB Ltd, Sentient Energy, Emerson Electric Co, S&C Electric Company, Siemens AG, and Enetics Inc…

Market Segmentation:

By Utility Type:

• Private Utility
• Public Utility

By Component:

• Hardware
• Software

By Application:

• Sub-Station
• Transmission & Distribution Lines
• Transformer

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Utility Type
  • By Component
  • By Application
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Utility Type
  • By Component
  • By Application
• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Utility Type
  • By Component
  • By Application
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Utility Type
  • By Component
  • By Application
• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Utility Type
  • By Component
  • By Application
• Rest of the World
  • By Region (South America, Africa)
  • By Utility Type
  • By Component
  • By Application

Reasons To Buy This Report:

• Market size estimation of the global utility asset management market on regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

For more information, contact: [email protected]