Market Research

Global Digital Utility Market Analysis 2022

Best Price Guarantee Publisher Published Date SKU
from $2,800 Syngene Research LLP April, 2022 SYNR17296628
Best Price Guarantee
Price from $2,800
Publisher Syngene Research LLP
Published Date April, 2022
SKU SYNR17296628

Global Digital Utility Market Analysis 2022

The Global Digital Utility Market is expected to reach $2,306.08 billion by 2028 growing at a CAGR of 14.5% from 2021 to 2028. Digital utility is the digital transformation in the utility industry by adopting digital ways of working, usually with business goals for utilities to reinvent. These solutions serve to enable power generation plants to manage operations efficiently that help reduce energy loss and curb greenhouse gas emissions. Some of the digital utility services that provide a precise account of power consumption include smart grids, smart meters, and sensors. Common business goals can include more streamlined operations, improved interactions with customers, greater efficiencies, and hopes of triggering new business models. Some of the advantages of digital utility services include efficient asset management, higher predictability in the energy ecosystem leading to increased customer satisfaction, effective electricity load management, and optimized operation and maintenance.

Factors such as rising number of distributed and renewable power generation projects, initiatives taken by the government for developing smart cities, increasing need to reduce operating expenses in diverse industrial verticals, and rising customer expectations for highly responsive systems are driving the growth of the market. However, high initial costs are restraining the growth of the market.

Based on the network, transmission and distribution segment is expected to have lucrative growth during the forecast period, due to increasing emphasis on monitoring and management of electric transmission and distribution systems. New digital devices and communications and control systems improve the efficiency of assets and allow operators to monitor and manage electric transmission and distribution systems efficiently. Transmission & distribution solutions are widely utilized across the utility industry due to the increasing importance of monitoring and management of electric transmission and distribution systems.

The key vendors mentioned are Microsoft Corporation, General Electric Company, SAP SE, Siemens AG, Accenture Plc, Infosys Ltd, Oracle Corporation, Schneider Electric SE, ABB Ltd., Wipro Ltd, Cisco Systems, Inc., Cognizant Technology Solutions Corporation, Capgemini, Eaton Corporation PLC, and IBM Corporation.

Components Covered:

  • Integrated Solutions
  • Hardware
Networks Covered:
  • Transmission & Distribution
  • Generation
  • Retail
Deployment Types Covered:
  • Cloud
  • Hybrid
  • On-Premise
End Users Covered:
  • Commercial
  • Residential
Regions Covered:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Key Questions Answered in this Report:
  • How this market evolved since the year 2020
  • Market size estimations, forecasts and CAGR for all the segments presented in the scope
  • Key Market Developments and financials of the key players
  • Opportunity Analysis for the new entrants
  • SWOT Analysis of the key players
  • Fastest growing markets analyzed during the forecast period


1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Digital Utility Market, By Component
5.1 Introduction
5.2 Integrated Solutions
5.3 Hardware
6 Global Digital Utility Market, By Network
6.1 Introduction
6.2 Transmission & Distribution
6.3 Generation
6.4 Retail
7 Global Digital Utility Market, By Deployment Type
7.1 Introduction
7.2 Cloud
7.3 Hybrid
7.4 On-Premise
8 Global Digital Utility Market, By End User
8.1 Introduction
8.2 Commercial
8.3 Residential
9 Global Digital Utility Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 Microsoft Corporation
11.2 General Electric Company
11.3 SAP SE
11.4 Siemens AG
11.5 Accenture Plc
11.6 Infosys Ltd
11.7 Oracle Corporation
11.8 Schneider Electric SE
11.9 ABB Ltd.
11.10 Wipro Ltd
11.11 Cisco Systems, Inc.
11.12 Cognizant Technology Solutions Corporation
11.13 Capgemini
11.14 Eaton Corporation PLC
11.15 IBM Corporation
List of Data Tables
Table 1 Global Digital Utility Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Digital Utility Market Outlook, By Component (2020-2028) ($MN)
Table 3 Global Digital Utility Market Outlook, By Integrated Solutions (2020-2028) ($MN)
Table 4 Global Digital Utility Market Outlook, By Hardware (2020-2028) ($MN)
Table 5 Global Digital Utility Market Outlook, By Network (2020-2028) ($MN)
Table 6 Global Digital Utility Market Outlook, By Transmission & Distribution (2020-2028) ($MN)
Table 7 Global Digital Utility Market Outlook, By Generation (2020-2028) ($MN)
Table 8 Global Digital Utility Market Outlook, By Retail (2020-2028) ($MN)
Table 9 Global Digital Utility Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 10 Global Digital Utility Market Outlook, By Cloud (2020-2028) ($MN)
Table 11 Global Digital Utility Market Outlook, By Hybrid (2020-2028) ($MN)
Table 12 Global Digital Utility Market Outlook, By On-Premise (2020-2028) ($MN)
Table 13 Global Digital Utility Market Outlook, By End User (2020-2028) ($MN)
Table 14 Global Digital Utility Market Outlook, By Commercial (2020-2028) ($MN)
Table 15 Global Digital Utility Market Outlook, By Residential (2020-2028) ($MN)
Table 16 North America Digital Utility Market Outlook, By Component (2020-2028) ($MN)
Table 17 North America Digital Utility Market Outlook, By Network (2020-2028) ($MN)
Table 18 North America Digital Utility Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 19 North America Digital Utility Market Outlook, By End User (2020-2028) ($MN)
Table 20 Europe Digital Utility Market Outlook, By Component (2020-2028) ($MN)
Table 21 Europe Digital Utility Market Outlook, By Network (2020-2028) ($MN)
Table 22 Europe Digital Utility Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 23 Europe Digital Utility Market Outlook, By End User (2020-2028) ($MN)
Table 24 Asia Pacific Digital Utility Market Outlook, By Component (2020-2028) ($MN)
Table 25 Asia Pacific Digital Utility Market Outlook, By Network (2020-2028) ($MN)
Table 26 Asia Pacific Digital Utility Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 27 Asia Pacific Digital Utility Market Outlook, By End User (2020-2028) ($MN)
Table 28 South America Digital Utility Market Outlook, By Component (2020-2028) ($MN)
Table 29 South America Digital Utility Market Outlook, By Network (2020-2028) ($MN)
Table 30 South America Digital Utility Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 31 South America Digital Utility Market Outlook, By End User (2020-2028) ($MN)
Table 32 Middle East & Africa Digital Utility Market Outlook, By Component (2020-2028) ($MN)
Table 33 Middle East & Africa Digital Utility Market Outlook, By Network (2020-2028) ($MN)
Table 34 Middle East & Africa Digital Utility Market Outlook, By Deployment Type (2020-2028) ($MN)
Table 35 Middle East & Africa Digital Utility Market Outlook, By End User (2020-2028) ($MN)

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