Utility Asset Management Market size is expected to reach US$ 6.68 Bn by 2029, growing at a CAGR of 9.95% during the forecast period.COVID-19 scenarios for Utility Asset Management Market:
At the end of 2021, COVID-19 began to break out in China, which is the decrease in the global economy, and utility asset management market size in 2021 with a growth rate of XX%. This is % points lower than in prior years. At the beginning of 2021, COVID-19 disease started to spread around the globe, millions of people globally were infected with COVID-19 disease, and the main countries around the world have implemented foot prohibitions and work stoppage instructions. Apart from the medical supplies and life support products industries, most industries have been seriously impacted, and utility asset management industries have also been greatly affected. Therefore, the MMR forecast that the global widespread expected to basically controlled by the end of 2022 and the global utility asset management market size expected to reach USD XX Billion in 2029, with a CAGR between 2022-2029.To know about the Research Methodology :- Request Free Sample Report
Utility Asset Management Market Segment Overview:
Based on applications, the UAM market is segmented into transformer, sub-station, transmission & distribution lines. Among these, the substation is expected to hold the largest market share of XX% of the utility asset management market by 2029. This growth mainly because of the rising distribution substation with growing urbanization across the globe. Also, the transformer segment is estimated to grow at the highest CAGR of XX% during the forecast period (2023-2029). Thanks to increasing investments being made by utilities in grid modernization in North America and in rest of the world. Also, some countries, such as Australia, India and China also make opportunities as energy efficiency and reliable power generation is the main consideration for utilities in these countries. By component, the UAM market is classified into hardware and software. Among these, the hardware segment dominated the market in 2022. The sensors in the hardware segment offer data related to several utility assets, based on various parameters, like the voltage, current, heat, temperature, and frequency.Scope of the Utility Asset Management Market Report:
The utility asset management market report states import/export consumption, supply and demand indicators with figures, cost, price, revenue, and gross margins. The utility asset management market the report also gives an overview of revenue, sales, product demand, and data supply, cost, and growth analysis over the forecast period (2023-2029). This report provides in-depth quantitative analyses of the UAM industry and offer data for creating strategies to increase UAM market growth and effectiveness. This report covers the manufacturers’ data, including price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. The UAM report also covers the top 5 regions and countries of the global, which shows a regional development status. The report also covers segment data, contains application, component, and utility type segment market sizes. Also, cover various industries client’s information.Utility Asset Management Market Introduction and Market scenario:
Utility asset management delivers real-time data, a true picture of equipment status, and minimizes the risk of failure by using predictive and preventive maintenance. Growing investment in the smart grid and increasing up-gradation of commercial and residential old utility infrastructure are the key driving factors for the growth of the utility asset management market. Rising attention on the high ecological and occupational health standards, improving service quality, and enhanced safety measures for personnel and equipment are boosting the growth of the utility asset management market. New technology and operation methods are essential to assist market-driven network services while the requirement for network services are growing. Electricity industry improvement is expected to witness new challenges in network introduction interconnections. At the distribution level which is below 132kV, problems in network management are mainly that of voltage regulations, voltage fluctuations, distribution plant loading, and utilization, fault level, and generation stability among others. Though, the absence of trained laborers with the appropriate technical knowledge for the installation of complicated hardware and equipment might lower the demand for UAM.Regional Insights:
The Asia Pacific is expected to grow at the highest CAGR of XX% during the forecast period (2023 to 2029), followed by Europe. The market in the Asia Pacific is mainly driven by developing economies, such as China, Japan, and India. The government of these economies is looking forward to investing in grid modernization. Excepting these countries, the Australian government has also started to invest in its T&D network to advance its energy efficiency. Also, the countries in the Asia Pacific such as China held the largest country-level market, followed by India and Japan. Increasing population with significant energy demand growth has resulted in the growth for electrical infrastructure in the Asia Pacific. The report focuses on the gas turbine market value at the top regions and countries of the world, which shows a regional development, including market size, share, revenue, and much more across the globe. The report has covered, capacity, production value, cost/profit, and supply/demand by statistical analysis. A brief analysis of drivers, restraints, opportunities, and challenges in the market is also covered with examples by region. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.Recent Industry Development:
In August 2021, Emerson Electric is planning to acquir Open Systems International, Inc. (OSI Inc.) worth USD 1.6 billion. This development would help the former to include OSI’s product range in its present lines for accelerating digitization. In August 2029, Nokia and LS ELECTRIC signed an agreement to collaborate for developing analytics and intelligence-based platforms. These will be used to evaluate the performance of utility assets.Utility Asset Management Market Scope: Inquire before buying
Utility Asset Management Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.43 Bn. Forecast Period 2023 to 2029 CAGR: 9.95% Market Size in 2029: US $ 6.68 Bn. Segments Covered: by Utility Type Public Utility Private Utility by Type Hardware Software by Application Transformer Sub-Station Transmission & Distribution Lines Utility Asset Management Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Utility Asset Management Market Key Players
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 Frequently Asked Questions: 1. Which region has the largest share in Global Utility Asset Management Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Utility Asset Management Market? Ans: The Global market is growing at a CAGR of 9.95% during forecasting period 2023-2029. 3. What is scope of the Global Utility Asset Management market report? Ans: Global Utility Asset Management Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Utility Asset Management market? Ans: The important key players in the Global market are – Siemens AG, S&C Electric, ABB, Ltd., Sentient Energy, Inc, Emerson Electric Co., Enetics Inc., Aclara Technologies LLC, CNIguard Limited, Emerson Electric Co., Enetics, Inc., General Electric Company, Hitachi ABB Power Grids Group, Lindsey Manufacturing Co., Sentient Energy, Inc., Vaisala Oyj, Netcontrol Oy, Eaton, DNV GL, IBM Corporation, Black & Veatch, Schneider Electric, Getac, and Fujitsu 5. What is the study period of this market? Ans: The Global Utility Asset Management Market is studied from 2022 to 2029.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Utility Asset Management Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Utility Asset Management Market 3.4. Geographical Snapshot of the Utility Asset Management Market, By Manufacturer share 4. Global Utility Asset Management Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Utility Asset Management Market 5. Supply Side and Demand Side Indicators 6. Global Utility Asset Management Market Analysis and Forecast, 2022-2029 6.1. Global Utility Asset Management Market Size & Y-o-Y Growth Analysis. 7. Global Utility Asset Management Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 7.1.1. Public Utility 7.1.2. Private Utility 7.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 7.2.1. Hardware 7.2.2. Software 7.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.3.1. Transformer 7.3.2. Sub-Station 7.3.3. Transmission & Distribution Lines 8. Global Utility Asset Management Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Utility Asset Management Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 9.1.1. Public Utility 9.1.2. Private Utility 9.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 9.2.1. Hardware 9.2.2. Software 9.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.3.1. Transformer 9.3.2. Sub-Station 9.3.3. Transmission & Distribution Lines 10. North America Utility Asset Management Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Utility Asset Management Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Utility Asset Management Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Utility Asset Management Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Utility Asset Management Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Utility Asset Management Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Utility Asset Management Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Utility Asset Management Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Utility Asset Management Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Utility Asset Management Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Utility Asset Management Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Utility Asset Management Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Utility Asset Management Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Utility Asset Management Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Utility Asset Management Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Utility Asset Management Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Utility Asset Management Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Utility Asset Management Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Utility Asset Management Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Utility Asset Management Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Utility Asset Management Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Utility Asset Management Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Utility Asset Management Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Utility Asset Management Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Utility Asset Management Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Utility Asset Management Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Utility Asset Management Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Utility Asset Management Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Utility Asset Management Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Utility Asset Management Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Utility Asset Management Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Utility Asset Management Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Utility Asset Management Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Utility Asset Management Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Utility Asset Management Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Utility Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Component, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Utility Asset Management Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Siemens AG 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. S&C Electric 45.3.3. ABB, Ltd. 45.3.4. Sentient Energy, Inc 45.3.5. Emerson Electric Co. 45.3.6. Enetics Inc. 45.3.7. Aclara Technologies LLC 45.3.8. CNIguard Limited 45.3.9. Emerson Electric Co. 45.3.10. Enetics, Inc. 45.3.11. General Electric Company 45.3.12. Hitachi ABB Power Grids Group 45.3.13. Lindsey Manufacturing Co. 45.3.14. Sentient Energy, Inc. 45.3.15. Vaisala Oyj 45.3.16. Netcontrol Oy 45.3.17. Eaton 45.3.18. DNV GL 45.3.19. IBM Corporation 45.3.20. Black & Veatch 45.3.21. Schneider Electric 45.3.22. Getac 45.3.23. Fujitsu 46. Primary Key Insights