Digital Transformation in Energy - Global Strategic Business Report

The global market for Digital Transformation in Energy was valued at US$61.7 Billion in 2024 and is projected to reach US$252.1 Billion by 2030, growing at a CAGR of 26.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Digital Transformation in Energy market.

Global Digital Transformation in Energy Market - Key Trends & Drivers Summarized

How Is Digital Transformation Reshaping the Global Energy Sector?

Digital transformation in energy involves the integration of data analytics, automation, and digital tools into energy production, distribution, and consumption systems. Energy companies are adopting digital technologies to increase efficiency, improve asset management, and meet sustainability goals. Utilities use real-time monitoring and predictive analytics to optimize grid operations and reduce energy loss. In the oil and gas sector, digital systems enhance drilling accuracy, monitor equipment health, and manage field data more effectively.

The shift to decentralized energy systems and renewable integration is accelerating digital adoption. Distributed energy resources such as rooftop solar and energy storage require dynamic coordination through smart grids and digital control platforms. Real-time load balancing, demand forecasting, and grid stability management are supported by digital sensors, edge computing, and artificial intelligence. These changes support the transition from centralized models to more flexible and resilient energy systems.

What Technologies Are Driving Operational and Strategic Advancements?

Advanced metering infrastructure enables two-way communication between consumers and utilities, allowing for time-of-use pricing, remote disconnections, and real-time consumption feedback. Supervisory control and data acquisition (SCADA) systems, combined with IoT-enabled sensors, provide operators with detailed insights into grid status, equipment performance, and outage management.

Artificial intelligence and machine learning algorithms are used for demand forecasting, fault detection, and equipment lifecycle management. Digital twins of energy assets - such as turbines, substations, or pipelines - allow operators to simulate scenarios and optimize performance remotely. Cloud-based platforms host energy management systems that integrate data across the value chain, from production to consumption. Blockchain is being tested for transaction verification in peer-to-peer energy trading and carbon credit management.

Where Are Regional and Sectoral Shifts Creating Demand for Digital Integration?

Electric utilities are investing in digital grid modernization projects across North America, Europe, and Asia Pacific. Smart city programs are creating demand for integrated energy management systems that monitor lighting, mobility, and building consumption. Oil and gas companies in the Middle East, North America, and Russia are expanding digital upstream capabilities to manage exploration risks and increase operational efficiency.

Renewable energy developers use digital tools for solar and wind forecasting, asset tracking, and hybrid system optimization. Industrial energy users are adopting digital energy platforms to reduce peak loads, manage tariffs, and track sustainability targets. In emerging economies, electrification efforts and mini-grid development are supported by digital platforms that allow for remote monitoring, fault detection, and mobile payment systems.

What Is Driving Growth in Digital Transformation Within the Energy Sector?

Growth in digital transformation in the energy sector is driven by several factors related to grid modernization, renewable integration, and operational optimization. Rising adoption of renewable energy requires flexible grid management and demand-side control, prompting digital investments by utilities and grid operators. Expansion of distributed energy systems and smart metering has increased the need for real-time data and predictive analytics.

Efforts to reduce operational costs and extend asset lifespan are encouraging oil, gas, and power companies to invest in remote diagnostics and automated maintenance. Regulatory pressure to improve energy efficiency and reporting accuracy is also driving digital platform deployment. Growth in electrification of transport and heating requires integrated energy planning tools and decentralized control systems. Increasing use of AI and cloud infrastructure across energy supply chains supports strategic decision-making, risk management, and customer engagement initiatives across the global energy ecosystem.

Scope of the Report

The report analyzes the Digital Transformation in Energy market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below:

• Segments: Technology (Big Data Analytics, Artificial intelligence, Industrial Control Systems, Field Devices, IoT, Other Technologies); Application (Oil & Gas Application, Power Generation Application, Utilities Application, Other Applications).
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Big Data Analytics segment, which is expected to reach US$52.7 Billion by 2030 with a CAGR of a 23.2%. The Artificial intelligence segment is also set to grow at 28.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $16.8 Billion in 2024, and China, forecasted to grow at an impressive 34.3% CAGR to reach $60.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Digital Transformation in Energy Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Digital Transformation in Energy Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Digital Transformation in Energy Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABB Ltd., Accenture Plc, AVEVA Group plc, Baker Hughes Company, Capgemini SE and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Digital Transformation in Energy market report include:

• ABB Ltd.
• Accenture Plc
• AVEVA Group plc
• Baker Hughes Company
• Capgemini SE
• Cognite AS
• Emerson Electric Co.
• Enel Group
• General Electric (GE Vernova)
• Hitachi Energy Ltd.
• Honeywell International Inc.
• IBM Corporation
• Infosys Ltd.
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Schneider Electric SE
• Siemens AG
• Tata Consultancy Services
• Wipro Ltd.

This edition integrates the latest global trade and economic shifts into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis from 2015 to 2023.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025 (E), competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.