Quick Summary:
In an increasingly digital world, the global Digital Utility market is a dynamic industry primed for growth and evolution, set to reach an impressive revised size of US$513.9 Billion by 2030. With current estimations at US$249 Billion for the year 2022, the exceptional growth anticipated in this market highlights its strong potential for profitability and strategic relevance in the business landscape.
Your investment in our market research report provides vital insights and forecasts to equip your strategic planning and decision making. This report offers an expansive view of the Digital Utility market, featuring in-depth analyses of key areas including Transmission & Distribution and Generation. Additionally, it presents a comprehensive study of geographic markets, from the US and China to Japan, Canada, and Germany. Alongside this, the report offers exclusive insights into the competitive landscape, featuring profiles of industry leaders such as ABB Group, Accenture PLC and Siemens AG among others. Stay ahead of the curve and secure your copy of our report today.
Global Digital Utility Market to Reach $513.9 Billion by 2030
The global market for Digital Utility estimated at US$249 Billion in the year 2022, is projected to reach a revised size of US$513.9 Billion by 2030, growing at a CAGR of 9.5% over the analysis period 2022-2030. Transmission & Distribution, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$258.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Generation segment is readjusted to a revised 10.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $75.6 Billion, While China is Forecast to Grow at 8.9% CAGR
The Digital Utility market in the U.S. is estimated at US$75.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$88 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 7.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.Select Competitors (Total 14 Featured) -
- ABB Group
- Accenture PLC
- Capgemini SE
- Cisco Systems, Inc.
- Eaton Corporation PLC
- General Electric Company
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Schneider Electric SE
- Siemens AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Digital Utility?
What is the growth rate of the Global Market for Digital Utility?
What is the forecasted size of the Global Market for Digital Utility?
Who are the key companies in the Global Market for Digital Utility?
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 249 Billion |
| Forecasted Market Value ( USD | $ 513.9 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Group
- Accenture PLC
- Capgemini SE
- Cisco Systems, Inc.
- Eaton Corporation PLC
- General Electric Company
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Schneider Electric SE
- Siemens AG
