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Global Digital Utility Market By Network (Retail, Generation, Others), By Technology Market (Hardware, Integrated Solutions, Others.), By End-User (Residential, Commercial, Others), By Region, Forecast & Opportunities to 2026

The global digital utility market accounted for a value of USD 196.4 billion in 2019. Digital utility market projected to register growth at a CAGR of 8.6% during forecast period.

COVID-19 has impacted the digital utility market. Manufacturing units were closed and all the production activities were halted. The supply chain got disrupted due to travel restriction. The outbreak of corona virus has made all the businesses to adopt work from home. Several power generation projects got postponed or got halted due to corona virus. Everything is shifting online. The people are also looking for online solutions. This drives growth in digital utility market due to COVID-19.

Definition:

Utility can be defined as useful features which are used for home such as telephonic, electricity, gas, water and cable. This are the items which basic necessity and vital for house and living.

Market Dynamics (Drivers/Opportunities):

The power generation plants projects are increasing in the world. There are mandatory norms for energy efficient plants. The demand for smart meters is increasing around various regions of the globe. It provides exact information and readings of customer’s consumption of power. This drives growth in digital utility market during forecast period.

Various utilities are used to offer solutions for networked energy management. The demand and adoption for such utilities is increasing in the world. Smart city initiative has launched by governments of various countries which involves use of various digital utilities. This drives growth in digital utility market during forecast period.

Market Insights, by Network

On the basis of network, the digital utility market is segmented into generation, retail and distribution & transmission. The retail segment is estimated to grow at highest CAGR during forecast period.  Efficient customer management is required in retail segment.  Various analytical techniques and data extraction are widely adopted for customer management. This high adoption of digital utility in retail network is likely to drive growth in this segment during forecast period.

Market Insights, by Technology

On the basis of technology, the digital utility market is segmented into integrated solution and hardware. The integrated solutions segment is estimated to grow at highest CAGR during forecast period. It includes cloud and software services and it provides flexibility, helps in digitizing assets, optimizing operations and it helps in improve reliability. This drives growth in integrated solutions during forecast period.

Regional Insights

Asia-Pacific region is estimated to register fastest growth during forecast period. The demand for domestic electricity is increasing with rapid increase in industrialization and urbanization in this region. The government regulatory norms are changing in Asia-Pacific region as government is supporting this segment immensely. The government is also focusing on developing infrastructure. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in digital utility market are ABB, Accenture PLC, Capgemini SA, Cisco System, Eaton Corporation, General Electric Company, International Business Machine Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Schneider Electric SE, Siemens AG, Cognizant Technology and IBM.

Segments Covered in the Report

This report forecasts The Global Digital Utility Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global digital utility market report on the basis of network, technology, and end-user.

Digital Utility Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Digital Utility Market, By Network, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Generation
  • Retail
  • Distribution & Transmission.
  1. Digital Utility Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Integrated Solution
  • Hardware
  1. Digital Utility Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Commercial
  • Residential
  • Others
  1. Digital Utility Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Network
    • By Technology
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Network
      • By Technology
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Network
        • By Technology
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Network
          • By Technology
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Network
            • By Technology
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • IBM
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • ABB
    • Accenture PLC
    • Capgemini SA
    • Cisco System
    • Eaton Corporation
    • General Electric Company
    • International Business Machine Corporation
    • Microsoft Corporation
    • Oracle Corporation
    • SAP SE
    • Schneider Electric SE
    • Siemens AG
    • Cognizant Technology
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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