Utility asset management allows companies to manage critical assets and track age, usage, maintenance history and a variety of other variables. Moreover, asset performance management (APM) improves asset management with data analysis, condition monitoring and predictive maintenance to support better operational decisions. An asset management system that includes APM functionality minimizes the risk of equipment failure and optimizes equipment life. The result is increased efficiency, reduced emissions, reduced costs, and maximized service uptime and reliability for end users. In addition, one of the key benefits of introducing asset management tools to power utilities is the ability to collect and store real-time data in a centralized system. Making this data available to workers, managers and technicians not only speeds up workflow processes, but also creates a complete picture of all valuable assets.
Growth in concerns for environmental, health & safety standards, improved service quality, and better security measures for personnel and equipment drive growth of the utility asset management market. Moreover, utility asset management reduces maintenance and operating costs and maximizes life of existing assets and equipment. This increases acceptance of utility asset management, which propels growth of the market. Moreover, rise global energy demand, emergence of smart cities, increasingly distributed energy resources, and demand for efficient and reliable energy drive growth of the utility asset management market. However, high cost associated with implementation of monitoring and tracking systems is expected to hinder the utility asset management market during the forecast period. Furthermore, adoption of advance technologies such as artificial intelligence and IoT in utility asset management provide ample growth opportunities for the market.
The utility asset management market is segmented on the basis of component, utility type, application, and region. On the basis of component, the market is segmented into hardware, software, and service. The hardware segment is further divided into sensors, cameras, and others. The software segment is further divided into on-premise and cloud. The service segment is further divided into professional services and managed services. Furthermore, the professional services segment is further categorized into training & education, integration & deployment, and support & maintenance. By utility type, the market is fragmented into public utility and private utility. Depending on application, it is segregated into transmission & distribution lines, sub-station, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are ABB Ltd., Black & Veatch., Cniguard Ltd., DNV GL, Enetics, Inc., EnrichAI, IBM Corporation, IFS, InPipe Energy, Microsoft Corporation, Netcontrol Oy, Neuroflux, Oracle corporation, Platoi, Schneider Electric, Siemens AG, and Vigti. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Growth in concerns for environmental, health & safety standards, improved service quality, and better security measures for personnel and equipment drive growth of the utility asset management market. Moreover, utility asset management reduces maintenance and operating costs and maximizes life of existing assets and equipment. This increases acceptance of utility asset management, which propels growth of the market. Moreover, rise global energy demand, emergence of smart cities, increasingly distributed energy resources, and demand for efficient and reliable energy drive growth of the utility asset management market. However, high cost associated with implementation of monitoring and tracking systems is expected to hinder the utility asset management market during the forecast period. Furthermore, adoption of advance technologies such as artificial intelligence and IoT in utility asset management provide ample growth opportunities for the market.
The utility asset management market is segmented on the basis of component, utility type, application, and region. On the basis of component, the market is segmented into hardware, software, and service. The hardware segment is further divided into sensors, cameras, and others. The software segment is further divided into on-premise and cloud. The service segment is further divided into professional services and managed services. Furthermore, the professional services segment is further categorized into training & education, integration & deployment, and support & maintenance. By utility type, the market is fragmented into public utility and private utility. Depending on application, it is segregated into transmission & distribution lines, sub-station, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are ABB Ltd., Black & Veatch., Cniguard Ltd., DNV GL, Enetics, Inc., EnrichAI, IBM Corporation, IFS, InPipe Energy, Microsoft Corporation, Netcontrol Oy, Neuroflux, Oracle corporation, Platoi, Schneider Electric, Siemens AG, and Vigti. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the utilities asset management market analysis from 2021 to 2031 to identify the prevailing utilities asset management market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the utilities asset management market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global utilities asset management market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Hardware
- Hardware Type
- Sensors
- Cameras
- Others
- Software
- Deployment Model
- On-premise
- Cloud
- Service
- Service Type
- Professional Services
- Managed Services
By Utility Type
- Private Utilities
- Public Utilities
By Application
- Transmission Distribution Lines
- Sub-station
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- S&C Electric
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: UTILITIES ASSET MANAGEMENT MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Hardware
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.2.4 Hardware Utilities Asset Management Market by Hardware Type
4.2.4.1 Sensors Market size and forecast, by region
4.2.4.2 Sensors Market size and forecast, by country
4.2.4.3 Cameras Market size and forecast, by region
4.2.4.4 Cameras Market size and forecast, by country
4.2.4.5 Others Market size and forecast, by region
4.2.4.6 Others Market size and forecast, by country
4.3 Software
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.3.4 Software Utilities Asset Management Market by Deployment Model
4.3.4.1 On-premise Market size and forecast, by region
4.3.4.2 On-premise Market size and forecast, by country
4.3.4.3 Cloud Market size and forecast, by region
4.3.4.4 Cloud Market size and forecast, by country
4.4 Service
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.4.4 Service Utilities Asset Management Market by Service Type
4.4.4.1 Professional Services Market size and forecast, by region
4.4.4.2 Professional Services Market size and forecast, by country
4.4.4.3 Managed Services Market size and forecast, by region
4.4.4.4 Managed Services Market size and forecast, by country
CHAPTER 5: UTILITIES ASSET MANAGEMENT MARKET, BY UTILITY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Private Utilities
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Public Utilities
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: UTILITIES ASSET MANAGEMENT MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Transmission & Distribution Lines
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Sub-station
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: UTILITIES ASSET MANAGEMENT MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Component
7.2.2.1 North America Hardware Utilities Asset Management Market by Hardware Type
7.2.2.2 North America Software Utilities Asset Management Market by Deployment Model
7.2.2.3 North America Service Utilities Asset Management Market by Service Type
7.2.3 North America Market size and forecast, by Utility Type
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Component
7.2.5.1.1.1 U.S. Hardware Utilities Asset Management Market by Hardware Type
7.2.5.1.1.2 U.S. Software Utilities Asset Management Market by Deployment Model
7.2.5.1.1.3 U.S. Service Utilities Asset Management Market by Service Type
7.2.5.1.2 Market size and forecast, by Utility Type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Component
7.2.5.2.1.1 Canada Hardware Utilities Asset Management Market by Hardware Type
7.2.5.2.1.2 Canada Software Utilities Asset Management Market by Deployment Model
7.2.5.2.1.3 Canada Service Utilities Asset Management Market by Service Type
7.2.5.2.2 Market size and forecast, by Utility Type
7.2.5.2.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Component
7.3.2.1 Europe Hardware Utilities Asset Management Market by Hardware Type
7.3.2.2 Europe Software Utilities Asset Management Market by Deployment Model
7.3.2.3 Europe Service Utilities Asset Management Market by Service Type
7.3.3 Europe Market size and forecast, by Utility Type
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 United Kingdom
7.3.5.1.1 Market size and forecast, by Component
7.3.5.1.1.1 United Kingdom Hardware Utilities Asset Management Market by Hardware Type
7.3.5.1.1.2 United Kingdom Software Utilities Asset Management Market by Deployment Model
7.3.5.1.1.3 United Kingdom Service Utilities Asset Management Market by Service Type
7.3.5.1.2 Market size and forecast, by Utility Type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Component
7.3.5.2.1.1 Germany Hardware Utilities Asset Management Market by Hardware Type
7.3.5.2.1.2 Germany Software Utilities Asset Management Market by Deployment Model
7.3.5.2.1.3 Germany Service Utilities Asset Management Market by Service Type
7.3.5.2.2 Market size and forecast, by Utility Type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Component
7.3.5.3.1.1 France Hardware Utilities Asset Management Market by Hardware Type
7.3.5.3.1.2 France Software Utilities Asset Management Market by Deployment Model
7.3.5.3.1.3 France Service Utilities Asset Management Market by Service Type
7.3.5.3.2 Market size and forecast, by Utility Type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Component
7.3.5.4.1.1 Italy Hardware Utilities Asset Management Market by Hardware Type
7.3.5.4.1.2 Italy Software Utilities Asset Management Market by Deployment Model
7.3.5.4.1.3 Italy Service Utilities Asset Management Market by Service Type
7.3.5.4.2 Market size and forecast, by Utility Type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Component
7.3.5.5.1.1 Spain Hardware Utilities Asset Management Market by Hardware Type
7.3.5.5.1.2 Spain Software Utilities Asset Management Market by Deployment Model
7.3.5.5.1.3 Spain Service Utilities Asset Management Market by Service Type
7.3.5.5.2 Market size and forecast, by Utility Type
7.3.5.5.3 Market size and forecast, by Application
7.3.5.6 Netherlands
7.3.5.6.1 Market size and forecast, by Component
7.3.5.6.1.1 Netherlands Hardware Utilities Asset Management Market by Hardware Type
7.3.5.6.1.2 Netherlands Software Utilities Asset Management Market by Deployment Model
7.3.5.6.1.3 Netherlands Service Utilities Asset Management Market by Service Type
7.3.5.6.2 Market size and forecast, by Utility Type
7.3.5.6.3 Market size and forecast, by Application
7.3.5.7 Rest of Europe
7.3.5.7.1 Market size and forecast, by Component
7.3.5.7.1.1 Rest of Europe Hardware Utilities Asset Management Market by Hardware Type
7.3.5.7.1.2 Rest of Europe Software Utilities Asset Management Market by Deployment Model
7.3.5.7.1.3 Rest of Europe Service Utilities Asset Management Market by Service Type
7.3.5.7.2 Market size and forecast, by Utility Type
7.3.5.7.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Component
7.4.2.1 Asia-Pacific Hardware Utilities Asset Management Market by Hardware Type
7.4.2.2 Asia-Pacific Software Utilities Asset Management Market by Deployment Model
7.4.2.3 Asia-Pacific Service Utilities Asset Management Market by Service Type
7.4.3 Asia-Pacific Market size and forecast, by Utility Type
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Component
7.4.5.1.1.1 China Hardware Utilities Asset Management Market by Hardware Type
7.4.5.1.1.2 China Software Utilities Asset Management Market by Deployment Model
7.4.5.1.1.3 China Service Utilities Asset Management Market by Service Type
7.4.5.1.2 Market size and forecast, by Utility Type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Component
7.4.5.2.1.1 Japan Hardware Utilities Asset Management Market by Hardware Type
7.4.5.2.1.2 Japan Software Utilities Asset Management Market by Deployment Model
7.4.5.2.1.3 Japan Service Utilities Asset Management Market by Service Type
7.4.5.2.2 Market size and forecast, by Utility Type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Component
7.4.5.3.1.1 South Korea Hardware Utilities Asset Management Market by Hardware Type
7.4.5.3.1.2 South Korea Software Utilities Asset Management Market by Deployment Model
7.4.5.3.1.3 South Korea Service Utilities Asset Management Market by Service Type
7.4.5.3.2 Market size and forecast, by Utility Type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Component
7.4.5.4.1.1 Australia Hardware Utilities Asset Management Market by Hardware Type
7.4.5.4.1.2 Australia Software Utilities Asset Management Market by Deployment Model
7.4.5.4.1.3 Australia Service Utilities Asset Management Market by Service Type
7.4.5.4.2 Market size and forecast, by Utility Type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 India
7.4.5.5.1 Market size and forecast, by Component
7.4.5.5.1.1 India Hardware Utilities Asset Management Market by Hardware Type
7.4.5.5.1.2 India Software Utilities Asset Management Market by Deployment Model
7.4.5.5.1.3 India Service Utilities Asset Management Market by Service Type
7.4.5.5.2 Market size and forecast, by Utility Type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Component
7.4.5.6.1.1 Rest of Asia-Pacific Hardware Utilities Asset Management Market by Hardware Type
7.4.5.6.1.2 Rest of Asia-Pacific Software Utilities Asset Management Market by Deployment Model
7.4.5.6.1.3 Rest of Asia-Pacific Service Utilities Asset Management Market by Service Type
7.4.5.6.2 Market size and forecast, by Utility Type
7.4.5.6.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Component
7.5.2.1 LAMEA Hardware Utilities Asset Management Market by Hardware Type
7.5.2.2 LAMEA Software Utilities Asset Management Market by Deployment Model
7.5.2.3 LAMEA Service Utilities Asset Management Market by Service Type
7.5.3 LAMEA Market size and forecast, by Utility Type
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Component
7.5.5.1.1.1 Latin America Hardware Utilities Asset Management Market by Hardware Type
7.5.5.1.1.2 Latin America Software Utilities Asset Management Market by Deployment Model
7.5.5.1.1.3 Latin America Service Utilities Asset Management Market by Service Type
7.5.5.1.2 Market size and forecast, by Utility Type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Component
7.5.5.2.1.1 Middle East Hardware Utilities Asset Management Market by Hardware Type
7.5.5.2.1.2 Middle East Software Utilities Asset Management Market by Deployment Model
7.5.5.2.1.3 Middle East Service Utilities Asset Management Market by Service Type
7.5.5.2.2 Market size and forecast, by Utility Type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Component
7.5.5.3.1.1 Africa Hardware Utilities Asset Management Market by Hardware Type
7.5.5.3.1.2 Africa Software Utilities Asset Management Market by Deployment Model
7.5.5.3.1.3 Africa Service Utilities Asset Management Market by Service Type
7.5.5.3.2 Market size and forecast, by Utility Type
7.5.5.3.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 S&C Electric
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
List of Tables
Table 1. Global Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 2. Utilities Asset Management Market Size, for Hardware, by Region, 2021-2031 ($Million)
Table 3. Utilities Asset Management Market for Hardware, by Country, 2021-2031 ($Million)
Table 4. Global Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 5. Utilities Asset Management Market, for Sensors, by Region, 2021-2031 ($Million)
Table 6. Utilities Asset Management Market, for Sensors, by Country, 2021-2031 ($Million)
Table 7. Utilities Asset Management Market, for Cameras, by Region, 2021-2031 ($Million)
Table 8. Utilities Asset Management Market, for Cameras, by Country, 2021-2031 ($Million)
Table 9. Utilities Asset Management Market, for Others, by Region, 2021-2031 ($Million)
Table 10. Utilities Asset Management Market, for Others, by Country, 2021-2031 ($Million)
Table 11. Utilities Asset Management Market Size, for Software, by Region, 2021-2031 ($Million)
Table 12. Utilities Asset Management Market for Software, by Country, 2021-2031 ($Million)
Table 13. Global Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 14. Utilities Asset Management Market, for On-Premise, by Region, 2021-2031 ($Million)
Table 15. Utilities Asset Management Market, for On-Premise, by Country, 2021-2031 ($Million)
Table 16. Utilities Asset Management Market, for Cloud, by Region, 2021-2031 ($Million)
Table 17. Utilities Asset Management Market, for Cloud, by Country, 2021-2031 ($Million)
Table 18. Utilities Asset Management Market Size, for Service, by Region, 2021-2031 ($Million)
Table 19. Utilities Asset Management Market for Service, by Country, 2021-2031 ($Million)
Table 20. Global Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 21. Utilities Asset Management Market, for Professional Services, by Region, 2021-2031 ($Million)
Table 22. Utilities Asset Management Market, for Professional Services, by Country, 2021-2031 ($Million)
Table 23. Utilities Asset Management Market, for Managed Services, by Region, 2021-2031 ($Million)
Table 24. Utilities Asset Management Market, for Managed Services, by Country, 2021-2031 ($Million)
Table 25. Global Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 26. Utilities Asset Management Market Size, for Private Utilities, by Region, 2021-2031 ($Million)
Table 27. Utilities Asset Management Market for Private Utilities, by Country, 2021-2031 ($Million)
Table 28. Utilities Asset Management Market Size, for Public Utilities, by Region, 2021-2031 ($Million)
Table 29. Utilities Asset Management Market for Public Utilities, by Country, 2021-2031 ($Million)
Table 30. Global Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 31. Utilities Asset Management Market Size, for Transmission & Distribution Lines, by Region, 2021-2031 ($Million)
Table 32. Utilities Asset Management Market for Transmission & Distribution Lines, by Country, 2021-2031 ($Million)
Table 33. Utilities Asset Management Market Size, for Sub-Station, by Region, 2021-2031 ($Million)
Table 34. Utilities Asset Management Market for Sub-Station, by Country, 2021-2031 ($Million)
Table 35. Utilities Asset Management Market Size, for Others, by Region, 2021-2031 ($Million)
Table 36. Utilities Asset Management Market for Others, by Country, 2021-2031 ($Million)
Table 37. Utilities Asset Management Market, by Region, 2021-2031 ($Million)
Table 38. North America Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 39. North America Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 40. North America Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 41. North America Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 42. North America Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 43. North America Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 44. North America Utilities Asset Management Market, by Country, 2021-2031 ($Million)
Table 45. U.S. Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 46. U.S. Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 47. U.S. Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 48. U.S. Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 49. U.S. Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 50. U.S. Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 51. Canada Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 52. Canada Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 53. Canada Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 54. Canada Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 55. Canada Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 56. Canada Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 57. Europe Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 58. Europe Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 59. Europe Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 60. Europe Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 61. Europe Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 62. Europe Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 63. Europe Utilities Asset Management Market, by Country, 2021-2031 ($Million)
Table 64. United Kingdom Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 65. United Kingdom Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 66. United Kingdom Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 67. United Kingdom Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 68. United Kingdom Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 69. United Kingdom Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 70. Germany Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 71. Germany Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 72. Germany Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 73. Germany Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 74. Germany Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 75. Germany Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 76. France Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 77. France Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 78. France Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 79. France Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 80. France Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 81. France Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 82. Italy Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 83. Italy Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 84. Italy Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 85. Italy Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 86. Italy Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 87. Italy Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 88. Spain Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 89. Spain Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 90. Spain Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 91. Spain Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 92. Spain Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 93. Spain Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 94. Netherlands Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 95. Netherlands Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 96. Netherlands Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 97. Netherlands Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 98. Netherlands Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 99. Netherlands Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 100. Rest of Europe Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 101. Rest of Europe Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 102. Rest of Europe Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 103. Rest of Europe Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 104. Rest of Europe Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 105. Rest of Europe Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 106. Asia-Pacific Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 107. Asia-Pacific Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 108. Asia-Pacific Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 109. Asia-Pacific Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 110. Asia-Pacific Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 111. Asia-Pacific Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 112. Asia-Pacific Utilities Asset Management Market, by Country, 2021-2031 ($Million)
Table 113. China Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 114. China Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 115. China Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 116. China Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 117. China Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 118. China Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 119. Japan Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 120. Japan Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 121. Japan Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 122. Japan Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 123. Japan Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 124. Japan Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 125. South Korea Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 126. South Korea Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 127. South Korea Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 128. South Korea Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 129. South Korea Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 130. South Korea Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 131. Australia Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 132. Australia Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 133. Australia Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 134. Australia Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 135. Australia Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 136. Australia Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 137. India Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 138. India Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 139. India Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 140. India Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 141. India Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 142. India Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 143. Rest of Asia-Pacific Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 144. Rest of Asia-Pacific Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 145. Rest of Asia-Pacific Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 146. Rest of Asia-Pacific Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 147. Rest of Asia-Pacific Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 148. Rest of Asia-Pacific Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 149. LAMEA Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 150. LAMEA Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 151. LAMEA Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 152. LAMEA Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 153. LAMEA Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 154. LAMEA Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 155. LAMEA Utilities Asset Management Market, by Country, 2021-2031 ($Million)
Table 156. Latin America Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 157. Latin America Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 158. Latin America Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 159. Latin America Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 160. Latin America Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 161. Latin America Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 162. Middle East Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 163. Middle East Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 164. Middle East Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 165. Middle East Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 166. Middle East Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 167. Middle East Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 168. Africa Utilities Asset Management Market, by Component, 2021-2031 ($Million)
Table 169. Africa Hardware Utilities Asset Management Market, by Hardware Type, 2021-2031 ($Million)
Table 170. Africa Software Utilities Asset Management Market, by Deployment Model, 2021-2031 ($Million)
Table 171. Africa Service Utilities Asset Management Market, by Service Type, 2021-2031 ($Million)
Table 172. Africa Utilities Asset Management Market, by Utility Type, 2021-2031 ($Million)
Table 173. Africa Utilities Asset Management Market, by Application, 2021-2031 ($Million)
Table 174. S&C Electric: Company Snapshot
Table 175. S&C Electric: Operating Segments
Table 176. S&C Electric: Product Portfolio
Table 177. S&C Electric: Net Sales
Table 178. S&C Electric: Key Strategies
List of Figures
Figure 1. Utilities Asset Management Market Segmentation
Figure 2. Utilities Asset Management Market, 2021-2031
Figure 3. Utilities Asset Management Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Utilities Asset Management Mark.:Drivers, Restraints and Opportunities
Figure 12. Utilities Asset Management Market, By Component, 2021(%)
Figure 13. Comparative Share Analysis of Hardware Utilities Asset Management Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Software Utilities Asset Management Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Service Utilities Asset Management Market, 2021-2031(%)
Figure 16. Utilities Asset Management Market, By Utility Type, 2021(%)
Figure 17. Comparative Share Analysis of Private Utilities Utilities Asset Management Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Public Utilities Utilities Asset Management Market, 2021-2031(%)
Figure 19. Utilities Asset Management Market, By Application, 2021(%)
Figure 20. Comparative Share Analysis of Transmission & Distribution Lines Utilities Asset Management Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Sub-Station Utilities Asset Management Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Others Utilities Asset Management Market, 2021-2031(%)
Figure 23. Utilities Asset Management Market by Region, 2021
Figure 24. U.S. Utilities Asset Management Market, 2021-2031($Million)
Figure 25. Canada Utilities Asset Management Market, 2021-2031($Million)
Figure 26. United Kingdom Utilities Asset Management Market, 2021-2031($Million)
Figure 27. Germany Utilities Asset Management Market, 2021-2031($Million)
Figure 28. France Utilities Asset Management Market, 2021-2031($Million)
Figure 29. Italy Utilities Asset Management Market, 2021-2031($Million)
Figure 30. Spain Utilities Asset Management Market, 2021-2031($Million)
Figure 31. Netherlands Utilities Asset Management Market, 2021-2031($Million)
Figure 32. Rest of Europe Utilities Asset Management Market, 2021-2031($Million)
Figure 33. China Utilities Asset Management Market, 2021-2031($Million)
Figure 34. Japan Utilities Asset Management Market, 2021-2031($Million)
Figure 35. South Korea Utilities Asset Management Market, 2021-2031($Million)
Figure 36. Australia Utilities Asset Management Market, 2021-2031($Million)
Figure 37. India Utilities Asset Management Market, 2021-2031($Million)
Figure 38. Rest of Asia-Pacific Utilities Asset Management Market, 2021-2031($Million)
Figure 39. Latin America Utilities Asset Management Market, 2021-2031($Million)
Figure 40. Middle East Utilities Asset Management Market, 2021-2031($Million)
Figure 41. Africa Utilities Asset Management Market, 2021-2031($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. S&C Electri.: Net Sales, ($Million)
Executive Summary
According to the report, “Utilities Asset Management Market," the utilities asset management market size was valued at $4.3 billion in 2021, and is estimated to reach $12.4 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031.Utility asset management enables electric utilities to manage critical assets, tracking age, usage, maintenance history, and a range of other variables. Utility asset management consists of web-connected smart devices that obtain, analyze, and process data collected from their surroundings using embedded systems including sensors, processors, and communication hardware. When implemented into industries and organizations that rely heavily on usage of their assets, an asset management tool can help to better manage and maintain mission-critical equipment across entire operations. Furthermore, the key factors that drive the utilities asset management market trends include rise in energy demand, aging infrastructure, increase in distributed energy resources, and need for efficient and reliable energy. However, factors such as lack of skilled workforce and high cost of implementation of asset management in the utilities sector are expected to hamper the utilities asset management market growth. On the contrary, adoption of IoT and AI technology in utility asset management for better insights is expected to offer remunerative opportunities for the expansion during the Utilities Asset Management Market Forecast.
By component, the hardware segment dominated growth of the Utilities Asset Management Market Analysisin 2021, and is expected to maintain its dominance in the upcoming years, owing to rapid expansion of power generation facilities globally. However, the software segment is expected to witness highest growth in the forecast period, owing to high need of asset management software for smooth operations and efficiency.
Region wise, the Utilities Asset Management Market Share was dominated by North America in 2021 and is expected to retain its position during the forecast period owing to growth in demand for asset management and IoT technology. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to rise in adoption of cloud asset solutions in utility sector, which encourages players to capitalize on R&D and to introduce innovative products to meet the growing needs of customers.
The outbreak of the COVID-19 pandemic has hit many industries, and utility asset management is no exception. Electricity demand is down, owing to complete closure of large trading houses, processing plants, and manufacturing industries. This has led to slight downfall in the utility asset management industry during COVID-19. For instance, according to the U.S. Energy Information Administration (EIA), power sales in the commercial sector dropped by 4.7% in 2020 as many businesses remained shut, owing to COVID-19. However, the market is expected to grow rapidly after the pandemic, owing to rise in adoption of remote working and automation of process in the utility sector across the globe.
Key Findings of the Study
- By offering, the hardware segment accounted for the largest utility asset management market share in 2021.
- By region, North America generated highest revenue in 2021.
- By application, the transmission and distribution lines segment generated the highest revenue in 2021.
- The key players that operate in the Utilities Asset Management Industry are ABB Ltd., Black & Veatch., Cniguard Ltd., DNV GL, Enetics, Inc., EnrichAI, IBM Corporation, IFS, InPipe Energy, Microsoft Corporation, Netcontrol Oy, Neuroflux, Oracle corporation, Platoi, Schneider Electric, Siemens AG, and Vigti. These players have adopted various strategies to increase their market penetration and strengthen their position in the Utilities Asset Management Industry.
Companies Mentioned
- S&C Electric
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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