Shaping the Future of Utility Asset Management: Market Outlook and Growth Projections (2022-2029)
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.
Utility Asset Management Market Overview:
This study’s purpose is to give an overview of the Utility Asset Management market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Utility Asset Management companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Utility Asset Management market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Utility Asset Management Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Utility Asset Management Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Market Scope:
The report also focuses on the leading industry players in the Utility Asset Management market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
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.
The UAM market is classified into hardware and software. Among these, the hardware segment dominated the market in 2021. 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.
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Utility Asset Management market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Utility Asset Management industry.
• 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
• Fujitsu
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Utility Asset Management market in these regions.
COVID-19 Impact Analysis on Utility Asset Management Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Utility Asset Management market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Utility Asset Management Market Report are:
- What will be the CAGR of the Utility Asset Management market during the forecast period?
- Which segment emerged as the leading segment in the Utility Asset Management market?
- Which are the prominent players in the Utility Asset Management market?
- What will be the Utility Asset Management market size by 2027?
- Which company held the largest share in the Utility Asset Management market?
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About Us:
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.
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