Utility Asset Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Utility asset management provides detailed equipment diagnostics, provides real-time data, a true picture of equipment status, and minimizes the risk of failure by using predictive and preventive maintenance. Growing investment in the smart grid, increasing up-gradation of aging utility infrastructure, and the need to manage resources efficiently are the major factors booming the growth of the utility asset management market.

MARKET DYNAMICS

Growing focus on the high environmental and occupational health standards, improving service quality, and better safety measures for personnel and equipment are augmenting in the growth of the utility asset management market. This solution reduces the maintenance and operating costs, and maximizing the life-span of existing plant and equipment, this, in turn, increasing adoption of utility asset management which triggering the growth of the market. Further, growing energy demand across the globe, the advent of smart cities, increased distributed energy resources, and requirements for efficient and reliable power are expected to fuel the utility asset management market growth during the forecast period.

MARKET SCOPE

The "Global Utility Asset Management Market Analysis to 2031" is a specialized and in-depth study of the utility asset management industry with a special focus on the global market trend analysis. The report aims to provide an overview utility asset management market with detailed market segmentation as component, utility type, application, and geography. The global utility asset management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading utility asset management market players and offers key trends and opportunities in the utility asset management market.

MARKET SEGMENTATION

The global utility asset management market is segmented on the basis of component, utility type, application. On the basis of component the market is segmented as hardware, software. On the basis of utility type the market is segmented as public utility, private utility. On the basis of application the market is segmented as transformer, sub-station, transmission and distribution lines.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global utility asset management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The utility asset management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting utility asset management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the utility asset management market in these regions.

MARKET PLAYERS

The reports cover key developments in the utility asset management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from utility asset management market are anticipated to lucrative growth opportunities in the future with the rising demand for utility asset management in the global market. Below mentioned is the list of few companies engaged in the utility asset management market.

The report also includes the profiles of key utility asset management companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Aclara Technologies LLC
  
•   CNIguard Limited
  
•   Emerson Electric Co.
  
•   Enetics, Inc.
  
•   General Electric Company
  
•   Hitachi ABB Power Grids Group
  
•   Lindsey Manufacturing Co.
  
•   Sentient Energy, Inc.
  
•   Siemens AG
  
•   Vaisala Oyj
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Utility Asset Management Report Scope