Global Digital Power Utility Market Overview

The Global Digital Power Utility Market Size Was Valued at USD 60.78 Billion in 2021, and is Projected to Reach USD 212.75 Billion by 2028, Growing at A CAGR of 19.6% From 2022 to 2028.

The concept of digitalizing power utilities is gaining steam, owing to recent technological advancements in the power sector. Utility companies are known for being late adopters when it comes to technology, and government regulations have traditionally discouraged the adoption of cutting-edge technology and planning methodologies. Digitization, which is widely employed in other industries, has now been recognized by several power utilities throughout the world. Several startups and large enterprises today provide technologies and platforms that help power producers, utilities, and other energy companies decrease costs, increase revenues, and pursue new business opportunities. Optimized operation and maintenance, effective asset management, managing electrical loads, and improved customer satisfaction owing to the higher predictability of the energy ecosystem are just a few of the significant benefits of becoming digital for power utilities.

In some locations, access to power or energy is a vital factor in enhancing economic development and the well-being of local populations. Companies in the power generation industry are increasingly focusing their efforts on supplying clients with electricity that is both sustainable and environmentally beneficial. The electricity generation, transmission, and distribution processes all face challenges during their operations, including energy losses. Digital power utility technologies are used to make these activities more efficient. The digital power utility solution benefits the power distributor since it delivers a real-time asset control solution via cloud and Internet of Things applications. It can also increase the process's security, storage, and flexibility, as well as provide cloud-based delivery alternatives.

Market Dynamics And Factors For Digital Power Utility Market

Drivers:

Rising Demand For Energy In Various Sectors Will Promote Adoption Of Digitalization

The growing industrialization and urbanization have led to a surge in energy demand. To furnish rising energy demand and depletion of fossil fuels, it has become necessary to produce renewable energy globally. In 2018 the investment in renewable capacities had increased three times higher when compared with coal and gas-fired generation capacity. Renewable energy will account for nearly half of global electricity output by 2050 as per the projection given by the U.S. Energy Information Administration (EIA). The growing population, increasing disposable income, and rising urbanization rates have increased electricity demand across the globe. As per the United Nations report, it was projected that around 68% of the world's population will live in urban areas by 2050. Therefore, and increasing potential for renewable energy across various sectors will support the market during the forecasted period. Additionally, the need for improved technologies has encouraged the implementation of the digital power utility, which is boosting the growth of the global digital power utility market. Moreover, this next big change is likely to impact the power sector and may lead to the rapid adoption of digital platforms. This is a key factor likely to reflect positively on the growth of the global digital power utility market. Additionally, some of the key benefits for digital power utilities solutions are an optimized operation, easy maintenance, managing electricity loads, efficient asset management, and higher customer satisfaction. This is one of the key factors driving the growth of the global digital power utility market.

Restraints:

The need for a massive influx of funds is expected to challenge key industry players in the landscape. The electric utilities are forecast to invest USD 3.2 trillion globally in new and replacement transmission and distribution infrastructure. The transformation or up-gradation of existing infrastructure digitally will require high investment, which is hindering the market. However, the transformation of existing infrastructures improvements and proficiencies of the electricity delivery systems are supporting the digital power utility market growth.

Opportunities:

Decentralization of Energy

The energy sector is undergoing decentralization or the shift from a traditional model of distributing electricity from huge central power plants to one in which users are also producers (referred to as "prosumers"). Electricity flows both ways in a decentralized energy system. Consumers are becoming active participants in the energy market as a result of the adoption of batteries, increasingly affordable rooftop solar panels, tiny wind turbines, and other developments. Due to its link with micro-renewables, energy storage, and reduced transmission loss, energy decentralization could play a significant role in reducing the industry's carbon emissions (due to electricity being generated nearer consumers).  The transition has the potential to improve energy security by easing grid strain during peak times and, in the future, by supporting localized "microgrids" that can separate from the main grid as needed. As a more complicated and unpredictable system, decentralization offers a challenge for grid operators. To meet this challenge and capitalize on its opportunities, energy businesses will need to invest in the Internet of Things.

Segmentation Analysis of Digital Power Utility Market

By Technology, Over the projected period, the hardware technology category is expected to hold a large market share in the digital power utility market. Due to massive investment in smart metering and EV charging, the hardware segment dominated the global market. In addition, the hardware is widely employed in next-generation technology. Traditional metering systems are becoming less popular, resulting in a shift toward technology and smart meters. However, new software solutions, such as artificial intelligence, machine learning, or other digital approaches available to the utility industry, are driving significant growth in the software and services segment. Furthermore, as the trend toward system automation continues, the software & service market will continue to increase, since automated systems require digital assistance to work efficiently.

By Sector, due to rising demand for electricity from non-residential buildings and increased HVAC usage, the power consumption sector is likely to dominate the global market. Because the digital utility solution enables users to successfully undertake transmission and distribution activities, the transmission and distribution segment is predicted to be the fastest-growing category in the worldwide market.

Regional Analysis of Digital Power Utility Market

Due to government support, various incentives, and national ambitions, Asia-Pacific is the regional hotspot for the electricity market. The global primary energy consumption is expected to reach 556.63 exajoules in 2020. Electricity is not available in some remote and rural areas of Asia-Pacific countries due to insufficient transmission and distribution (T&D) networks. The countries in the region are substantially investing in the construction of a transmission line network to supply electricity to these areas. China was the greatest market for power sector investment in 2020, according to the IEA, owing to the rising demand for power in the industrial and commercial sectors. In addition, China's power transmission and distribution grid has been undergoing massive improvements and modifications to enable it to transport more electricity and meet future demand. India's energy investment has expanded at the fastest rate in the world in the last four years, increasing by more than 10%. Renewable energy spending continued to outspend fossil fuel-based power generation in 2020, owing to the bidding of solar PV and wind projects. During the projected period, this is expected to drive the digital power utility market.

The market in North America is predicted to grow at a healthy rate. The increased need for intelligent buildings and building automation has raised the installation of smart meters and sensors in the area, which has aided market expansion. Furthermore, the market in this area is expected to be driven by a rising share of renewable energy generation and energy efficiency efforts. The market is being boosted by expanding government standards and initiatives, as well as the growing number of smart cities, smart communities, and electric vehicles.

Due to increased renewable energy generation and industrial growth, the European region accounts for a substantial portion of the worldwide digital power utility industry. As a result, the market's growth prospects are bolstered by expanding industrial and renewable energy investments. Furthermore, the installation of the smart grid boosts market sales in the region.

COVID-19 Impact Analysis on Digital Power Utility Market

The COVID-19 pandemic has wreaked havoc on a variety of industries around the world. Various public health guidelines were implemented in various nations throughout the world to limit the number of cases and decrease the spread of the coronavirus. Declaring national emergencies, enforcing stay-at-home orders, closing non-essential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders, are all COVID-19 protocols. Governments are tightening protocols in response to the rising vaccination rate to help the sluggish economy. The Digital Power Utility Market, like other industries, has seen a pause in growth; however, as regulatory limitations are eased around the world, the market is likely to rebound.

Players Covered in Digital Power Utility Market are

  • ABB Ltd.
  • General Electric Co.
  • Infosys Ltd
  • Siemens AG
  • Accenture Plc.
  • Cognizant Technology Solutions
  • Capgemini SE
  • Sap SE
  • IBM
  • Microsoft Corporation
  • Oracle Corporation
  • Wipro Ltd and other major players.

Key Industry Developments In Digital Power Utility Market

In February 2022, ABB has announced an innovative digital solution to help wastewater plants save energy and run more efficiently. The ABB AbilityTM Smart Solution for Wastewater is the first in a series of digital solutions aimed at improving water sector operations and lowering energy usage. Continuous monitoring, combined with automation, allows for up to a 25% reduction in energy consumption during aeration and pumping, as well as a 10% reduction in chemical consumption.

In September 2021, Ausgrid has inked a multi-year strategic agreement with Infosys Ltd. and Microsoft Corp. to accelerate the cloud transformation of Australia's largest electricity distributor.

In October 2021, The SP Group collaborated with the Energy Market Authority (EMA) and the Science and Technology Policy and Plans Office to create the country's first digital twin for the national grid. Through real-time incident monitoring, the digital twin is projected to assist improve the Singapore grid's resilience and stability.

Global Digital Power Utility Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 60.78 Bn.

Forecast Period 2022-28 CAGR:

19.6 %

Market Size in 2028:

USD 212.75 Bn.

Segments Covered:

By Technology

  • Hardware
  • Integrated Solutions

By Sector

  • Power Generation
  • Transmission & Distribution
  • Power Consumption
  • Energy Storage
  • Energy Trading

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand for Energy in Various Sectors Will Promote Adoption of Digitalization

Key Market Restraints:

  • High Requirement of Investment

Key Opportunities:

  • Decentralization of Energy

Companies Covered in the report:

  • ABB Ltd., General Electric Co., Infosys Ltd, Siemens AG, Accenture Plc., Cognizant Technology Solutions, Microsoft Corporation and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Technology
 3.2 By Sector

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Digital Power Utility Market by Technology
 4.1 Digital Power Utility Market Overview Snapshot and Growth Engine
 4.2 Digital Power Utility Market Overview
 4.3 Hardware
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Hardware: Grographic Segmentation
 4.4 Integrated Solutions
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Integrated Solutions: Grographic Segmentation

Chapter 5: Digital Power Utility Market by Sector
 5.1 Digital Power Utility Market Overview Snapshot and Growth Engine
 5.2 Digital Power Utility Market Overview
 5.3 Power Generation
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Power Generation: Grographic Segmentation
 5.4 Transmission & Distribution
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Transmission & Distribution: Grographic Segmentation
 5.5 Power Consumption
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Power Consumption: Grographic Segmentation
 5.6 Energy Storage
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Energy Storage: Grographic Segmentation
 5.7 Energy Trading
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Energy Trading: Grographic Segmentation

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Positioning
  6.1.2 Digital Power Utility Sales and Market Share By Players
  6.1.3 Industry BCG Matrix
  6.1.4 Ansoff Matrix
  6.1.5 Digital Power Utility Industry Concentration Ratio (CR5 and HHI)
  6.1.6 Top 5 Digital Power Utility Players Market Share
  6.1.7 Mergers and Acquisitions
  6.1.8 Business Strategies By Top Players
 6.2 ABB LTD.
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Operating Business Segments
  6.2.5 Product Portfolio
  6.2.6 Business Performance
  6.2.7 Key Strategic Moves and Recent Developments
  6.2.8 SWOT Analysis
 6.3 GENERAL ELECTRIC CO.
 6.4 INFOSYS LTD
 6.5 SIEMENS AG
 6.6 ACCENTURE PLC.
 6.7 COGNIZANT TECHNOLOGY SOLUTIONS
 6.8 CAPGEMINI SE
 6.9 SAP SE
 6.10 IBM
 6.11 MICROSOFT CORPORATION
 6.12 ORACLE CORPORATION
 6.13 WIPRO LTD

Chapter 7: Global Digital Power Utility Market Analysis, Insights and Forecast, 2016-2028
 7.1 Market Overview
 7.2 Historic and Forecasted Market Size By Technology
  7.2.1 Hardware
  7.2.2 Integrated Solutions
 7.3 Historic and Forecasted Market Size By Sector
  7.3.1 Power Generation
  7.3.2 Transmission & Distribution
  7.3.3 Power Consumption
  7.3.4 Energy Storage
  7.3.5 Energy Trading

Chapter 8: North America Digital Power Utility Market Analysis, Insights and Forecast, 2016-2028
 8.1 Key Market Trends, Growth Factors and Opportunities
 8.2 Impact of Covid-19
 8.3 Key Players
 8.4 Key Market Trends, Growth Factors and Opportunities
 8.4 Historic and Forecasted Market Size By Technology
  8.4.1 Hardware
  8.4.2 Integrated Solutions
 8.5 Historic and Forecasted Market Size By Sector
  8.5.1 Power Generation
  8.5.2 Transmission & Distribution
  8.5.3 Power Consumption
  8.5.4 Energy Storage
  8.5.5 Energy Trading
 8.6 Historic and Forecast Market Size by Country
  8.6.1 U.S.
  8.6.2 Canada
  8.6.3 Mexico

Chapter 9: Europe Digital Power Utility Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Technology
  9.4.1 Hardware
  9.4.2 Integrated Solutions
 9.5 Historic and Forecasted Market Size By Sector
  9.5.1 Power Generation
  9.5.2 Transmission & Distribution
  9.5.3 Power Consumption
  9.5.4 Energy Storage
  9.5.5 Energy Trading
 9.6 Historic and Forecast Market Size by Country
  9.6.1 Germany
  9.6.2 U.K.
  9.6.3 France
  9.6.4 Italy
  9.6.5 Russia
  9.6.6 Spain

Chapter 10: Asia-Pacific Digital Power Utility Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Technology
  10.4.1 Hardware
  10.4.2 Integrated Solutions
 10.5 Historic and Forecasted Market Size By Sector
  10.5.1 Power Generation
  10.5.2 Transmission & Distribution
  10.5.3 Power Consumption
  10.5.4 Energy Storage
  10.5.5 Energy Trading
 10.6 Historic and Forecast Market Size by Country
  10.6.1 China
  10.6.2 India
  10.6.3 Japan
  10.6.4 Southeast Asia

Chapter 11: South America Digital Power Utility Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Technology
  11.4.1 Hardware
  11.4.2 Integrated Solutions
 11.5 Historic and Forecasted Market Size By Sector
  11.5.1 Power Generation
  11.5.2 Transmission & Distribution
  11.5.3 Power Consumption
  11.5.4 Energy Storage
  11.5.5 Energy Trading
 11.6 Historic and Forecast Market Size by Country
  11.6.1 Brazil
  11.6.2 Argentina

Chapter 12: Middle East & Africa Digital Power Utility Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Technology
  12.4.1 Hardware
  12.4.2 Integrated Solutions
 12.5 Historic and Forecasted Market Size By Sector
  12.5.1 Power Generation
  12.5.2 Transmission & Distribution
  12.5.3 Power Consumption
  12.5.4 Energy Storage
  12.5.5 Energy Trading
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Saudi Arabia
  12.6.2 South Africa

Chapter 13 Investment Analysis

Chapter 14 Analyst Viewpoint and Conclusion

Global Digital Power Utility Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 60.78 Bn.

Forecast Period 2022-28 CAGR:

19.6 %

Market Size in 2028:

USD 212.75 Bn.

Segments Covered:

By Technology

  • Hardware
  • Integrated Solutions

By Sector

  • Power Generation
  • Transmission & Distribution
  • Power Consumption
  • Energy Storage
  • Energy Trading

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand for Energy in Various Sectors Will Promote Adoption of Digitalization

Key Market Restraints:

  • High Requirement of Investment

Key Opportunities:

  • Decentralization of Energy

Companies Covered in the report:

  • ABB Ltd., General Electric Co., Infosys Ltd, Siemens AG, Accenture Plc., Cognizant Technology Solutions, Microsoft Corporation and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. DIGITAL POWER UTILITY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. DIGITAL POWER UTILITY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. DIGITAL POWER UTILITY MARKET COMPETITIVE RIVALRY
TABLE 005. DIGITAL POWER UTILITY MARKET THREAT OF NEW ENTRANTS
TABLE 006. DIGITAL POWER UTILITY MARKET THREAT OF SUBSTITUTES
TABLE 007. DIGITAL POWER UTILITY MARKET BY TECHNOLOGY
TABLE 008. HARDWARE MARKET OVERVIEW (2016-2028)
TABLE 009. INTEGRATED SOLUTIONS MARKET OVERVIEW (2016-2028)
TABLE 010. DIGITAL POWER UTILITY MARKET BY SECTOR
TABLE 011. POWER GENERATION MARKET OVERVIEW (2016-2028)
TABLE 012. TRANSMISSION & DISTRIBUTION MARKET OVERVIEW (2016-2028)
TABLE 013. POWER CONSUMPTION MARKET OVERVIEW (2016-2028)
TABLE 014. ENERGY STORAGE MARKET OVERVIEW (2016-2028)
TABLE 015. ENERGY TRADING MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA DIGITAL POWER UTILITY MARKET, BY TECHNOLOGY (2016-2028)
TABLE 017. NORTH AMERICA DIGITAL POWER UTILITY MARKET, BY SECTOR (2016-2028)
TABLE 018. N DIGITAL POWER UTILITY MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE DIGITAL POWER UTILITY MARKET, BY TECHNOLOGY (2016-2028)
TABLE 020. EUROPE DIGITAL POWER UTILITY MARKET, BY SECTOR (2016-2028)
TABLE 021. DIGITAL POWER UTILITY MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC DIGITAL POWER UTILITY MARKET, BY TECHNOLOGY (2016-2028)
TABLE 023. ASIA PACIFIC DIGITAL POWER UTILITY MARKET, BY SECTOR (2016-2028)
TABLE 024. DIGITAL POWER UTILITY MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA DIGITAL POWER UTILITY MARKET, BY TECHNOLOGY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA DIGITAL POWER UTILITY MARKET, BY SECTOR (2016-2028)
TABLE 027. DIGITAL POWER UTILITY MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA DIGITAL POWER UTILITY MARKET, BY TECHNOLOGY (2016-2028)
TABLE 029. SOUTH AMERICA DIGITAL POWER UTILITY MARKET, BY SECTOR (2016-2028)
TABLE 030. DIGITAL POWER UTILITY MARKET, BY COUNTRY (2016-2028)
TABLE 031. ABB LTD.: SNAPSHOT
TABLE 032. ABB LTD.: BUSINESS PERFORMANCE
TABLE 033. ABB LTD.: PRODUCT PORTFOLIO
TABLE 034. ABB LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. GENERAL ELECTRIC CO.: SNAPSHOT
TABLE 035. GENERAL ELECTRIC CO.: BUSINESS PERFORMANCE
TABLE 036. GENERAL ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 037. GENERAL ELECTRIC CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. INFOSYS LTD: SNAPSHOT
TABLE 038. INFOSYS LTD: BUSINESS PERFORMANCE
TABLE 039. INFOSYS LTD: PRODUCT PORTFOLIO
TABLE 040. INFOSYS LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. SIEMENS AG: SNAPSHOT
TABLE 041. SIEMENS AG: BUSINESS PERFORMANCE
TABLE 042. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 043. SIEMENS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. ACCENTURE PLC.: SNAPSHOT
TABLE 044. ACCENTURE PLC.: BUSINESS PERFORMANCE
TABLE 045. ACCENTURE PLC.: PRODUCT PORTFOLIO
TABLE 046. ACCENTURE PLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. COGNIZANT TECHNOLOGY SOLUTIONS: SNAPSHOT
TABLE 047. COGNIZANT TECHNOLOGY SOLUTIONS: BUSINESS PERFORMANCE
TABLE 048. COGNIZANT TECHNOLOGY SOLUTIONS: PRODUCT PORTFOLIO
TABLE 049. COGNIZANT TECHNOLOGY SOLUTIONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. CAPGEMINI SE: SNAPSHOT
TABLE 050. CAPGEMINI SE: BUSINESS PERFORMANCE
TABLE 051. CAPGEMINI SE: PRODUCT PORTFOLIO
TABLE 052. CAPGEMINI SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. SAP SE: SNAPSHOT
TABLE 053. SAP SE: BUSINESS PERFORMANCE
TABLE 054. SAP SE: PRODUCT PORTFOLIO
TABLE 055. SAP SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. IBM: SNAPSHOT
TABLE 056. IBM: BUSINESS PERFORMANCE
TABLE 057. IBM: PRODUCT PORTFOLIO
TABLE 058. IBM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. MICROSOFT CORPORATION: SNAPSHOT
TABLE 059. MICROSOFT CORPORATION: BUSINESS PERFORMANCE
TABLE 060. MICROSOFT CORPORATION: PRODUCT PORTFOLIO
TABLE 061. MICROSOFT CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. ORACLE CORPORATION: SNAPSHOT
TABLE 062. ORACLE CORPORATION: BUSINESS PERFORMANCE
TABLE 063. ORACLE CORPORATION: PRODUCT PORTFOLIO
TABLE 064. ORACLE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. WIPRO LTD: SNAPSHOT
TABLE 065. WIPRO LTD: BUSINESS PERFORMANCE
TABLE 066. WIPRO LTD: PRODUCT PORTFOLIO
TABLE 067. WIPRO LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. DIGITAL POWER UTILITY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. DIGITAL POWER UTILITY MARKET OVERVIEW BY TECHNOLOGY
FIGURE 012. HARDWARE MARKET OVERVIEW (2016-2028)
FIGURE 013. INTEGRATED SOLUTIONS MARKET OVERVIEW (2016-2028)
FIGURE 014. DIGITAL POWER UTILITY MARKET OVERVIEW BY SECTOR
FIGURE 015. POWER GENERATION MARKET OVERVIEW (2016-2028)
FIGURE 016. TRANSMISSION & DISTRIBUTION MARKET OVERVIEW (2016-2028)
FIGURE 017. POWER CONSUMPTION MARKET OVERVIEW (2016-2028)
FIGURE 018. ENERGY STORAGE MARKET OVERVIEW (2016-2028)
FIGURE 019. ENERGY TRADING MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA DIGITAL POWER UTILITY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE DIGITAL POWER UTILITY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC DIGITAL POWER UTILITY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA DIGITAL POWER UTILITY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA DIGITAL POWER UTILITY MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be forecast period in the Digital Power Utility Market research report?

The forecast period in the Digital Power Utility Market research report is 2022-2028.

Who are the key players in Digital Power Utility Market?

ABB Ltd., General Electric Co., Infosys Ltd, Siemens AG, Accenture Plc., Cognizant Technology Solutions, Capgemini SE, Sap SE, IBM, Microsoft Corporation, Oracle Corporation, Wipro Ltd and other major players.

What are the segments of Digital Power Utility Market?

The Digital Power Utility market is segmented into Technology, Sector, Region. By Technology the market is categorized into Hardware, Integrated Solutions. By Sector the market is categorized into Power Generation, Transmission & Distribution, Power Consumption, Energy Storage, Energy Trading. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).

What is the Digital Power Utility Market?

The concept of digitalizing power utilities is gaining steam, owing to recent technological advancements in the power sector. Utility companies are known for being late adopters when it comes to technology, and government regulations have traditionally discouraged the adoption of cutting-edge technology and planning methodologies. Digitization, which is widely employed in other industries, has now been recognized by several power utilities throughout the world.

How big is the Digital Power Utility Market?

The Global Digital Power Utility Market Size Was Valued at USD 60.78 Billion in 2021, and is Projected to Reach USD 212.75 Billion by 2028, Growing at A CAGR of 19.6% From 2022 to 2028.