June 20, 2024

Digital Utility Market Size To Surpass USD 446.12 Billion By 2033

The digital utility market would grow at a CAGR of 9.60% over the predicted time frame. The market is expected to increase in value from US$ 179.2 billion in 2023 to US$ 446.12 billion by 2033.

Key Takeaways

  • North America contributed more than 31% of market share in 2023.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2024 and 2033.
  • By network, the transmission & distribution segment has held the largest market share of 47% in 2023.
  • By network, the retail segment is anticipated to grow at a remarkable CAGR of 12.9% between 2024 and 2033.
  • By technology, the hardware segment generated over 62% of market share in 2023.
  • By technology, the integrated solutions segment is expected to expand at the fastest CAGR over the projected period.

Digital Utility Market Size 2024 To 2033

The on digital utility Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.

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A recent report provides crucial insights along with application based and forecast information in the Global Digital utility Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Digital utility market.

A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.

Digital Utility Market Scope

Report CoverageDetails
Growth Rate from 2024 to 2033CAGR of 9.60%
Global Market Size in 2023USD 179.2 Billion
Global Market Size by 2033USD 446.12 Billion
U.S. Market Size in 2023USD 38.89 Billion
U.S. Market Size by 2033USD 98.59 Billion
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Network and By Technology
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read Also: Adaptive AI Market Size Will be USD 24.63 Billion By 2033

Companies and Manufacturers Covered

The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Digital utility market are included as given below:

Digital Utility Market Companies

  • General Electric
  • Siemens AG
  • ABB Ltd.
  • Schneider Electric SE
  • IBM Corporation
  • Cisco Systems, Inc.
  • Oracle Corporation
  • Itron, Inc.
  • Honeywell International Inc.
  • Eaton Corporation
  • Landis+Gyr AG
  • Sensus (Xylem Inc.)
  • Huawei Technologies Co., Ltd.
  • Toshiba Corporation
  • Aclara Technologies LLC

Segments Covered in the Report

By Network

  • Generation
  • Transmission & Distribution
  • Retail

By Technology

  • Hardware
  • Integrated Solutions

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Report Objectives

  • To define, describe, and forecast the global digital utility market based on product, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
  • To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the digital utility market

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Digital Utility Market 

5.1. COVID-19 Landscape: Digital Utility Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Digital Utility Market, By Network

8.1. Digital Utility Market, by Network, 2024-2033

8.1.1. Generation

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Transmission & Distribution

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Retail

8.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Digital Utility Market, By Technology

9.1. Digital Utility Market, by Technology, 2024-2033

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Integrated Solutions

9.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Digital Utility Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Network (2021-2033)

10.1.2. Market Revenue and Forecast, by Technology (2021-2033)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Network (2021-2033)

10.1.3.2. Market Revenue and Forecast, by Technology (2021-2033)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Network (2021-2033)

10.1.4.2. Market Revenue and Forecast, by Technology (2021-2033)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Network (2021-2033)

10.2.2. Market Revenue and Forecast, by Technology (2021-2033)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Network (2021-2033)

10.2.3.2. Market Revenue and Forecast, by Technology (2021-2033)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Network (2021-2033)

10.2.4.2. Market Revenue and Forecast, by Technology (2021-2033)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Network (2021-2033)

10.2.5.2. Market Revenue and Forecast, by Technology (2021-2033)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Network (2021-2033)

10.2.6.2. Market Revenue and Forecast, by Technology (2021-2033)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Network (2021-2033)

10.3.2. Market Revenue and Forecast, by Technology (2021-2033)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Network (2021-2033)

10.3.3.2. Market Revenue and Forecast, by Technology (2021-2033)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Network (2021-2033)

10.3.4.2. Market Revenue and Forecast, by Technology (2021-2033)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Network (2021-2033)

10.3.5.2. Market Revenue and Forecast, by Technology (2021-2033)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Network (2021-2033)

10.3.6.2. Market Revenue and Forecast, by Technology (2021-2033)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Network (2021-2033)

10.4.2. Market Revenue and Forecast, by Technology (2021-2033)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Network (2021-2033)

10.4.3.2. Market Revenue and Forecast, by Technology (2021-2033)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Network (2021-2033)

10.4.4.2. Market Revenue and Forecast, by Technology (2021-2033)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Network (2021-2033)

10.4.5.2. Market Revenue and Forecast, by Technology (2021-2033)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Network (2021-2033)

10.4.6.2. Market Revenue and Forecast, by Technology (2021-2033)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Network (2021-2033)

10.5.2. Market Revenue and Forecast, by Technology (2021-2033)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Network (2021-2033)

10.5.3.2. Market Revenue and Forecast, by Technology (2021-2033)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Network (2021-2033)

10.5.4.2. Market Revenue and Forecast, by Technology (2021-2033)

Chapter 11. Company Profiles

11.1. General Electric

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Siemens AG

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. ABB Ltd.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Schneider Electric SE

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. IBM Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Cisco Systems, Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Oracle Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Itron, Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Honeywell International Inc.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Eaton Corporation

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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