Press release
Utility Asset Management Market is expected to reach USD 11.06 Billion by 2030 : Cognitive Market Research
Utility Asset Management Market is expected to reach USD 11.06 Billion by 2030 : Cognitive Market Research
What Is Utility Asset Management?
- Utility asset management is the technical concept via economic analysis, which provides an efficient operating approach, renewing, cost-effectiveness, and maintaining electrical assets. This ensures health, improved safety, environment, superior service quality, and safety standards. Utility asset management is data-driven, ecosystem, and integrated, and it analyzes and gathers information for higher asset efficiency and informed decisions.
Summary:
• Utility Asset Management Market size was valued at USD 5.11 Billion in 2022 and is expected to grow at a CAGR Of 10.9 % during the forecast period, reaching USD 11.06 Billion by 2030.
• North America has the largest revenue share in the utility asset management market.
"To know more about The Utility Asset Management Market statistics click here: https://www.cognitivemarketresearch.com/utility-asset-management-market-report
Market Dynamics:
Utility Asset Management Market Drivers:
- Increasing demand for energy in Utility asset management and rising energy resources distributed is the key factor expected to drive the growth of the utility asset management market. In addition, the increasing need for reliable and efficient energy is likely to drive the demand for the utility asset management market.
Utility Asset Management Market Opportunities:
- Increasing innovative technology adoption such as AI and IoT for good insights is expected to create growth opportunities for the utility asset management market in the forecast period. In addition, insistent technological advancements are projected to create opportunities for the utility asset management market growth in the forecast period.
Utility Asset Management Market Restraints:
- A restricted skilled workforce for utility asset management may restrict the growth of the target market in the forecast period. In addition, the increasing cost of the operation of asset management is anticipated to hamper the growth of the utility asset management market.
Segmentation Analysis:
Component:
• Hardware
• Service
• Software
Based on the component, the hardware segment has the largest revenue share in the utility asset management market. This is attributed to hardware significant assets in the utility sector and the need for regular intervals management. In addition, the increasing expansion of the power generation facilities is projected to propel the demand for this segment in the target market.
Utility Type:
• Public Utility
• Private Utility
Based on utility type, the public Utility segment has the major revenue share in the utility asset management market. This is due to the increasing electricity network in the non-government sector and increasing investment to transform the grid to low power outage problems expected to fuel the growth of this segment.
Application:
• Sub-station
• Transmission & Distribution Lines
• Others
Based on application, the transmission & distribution lines segment has the largest market share in the utility asset management market. This is owing to the increasing demand for transmission & distribution in the utility asset management market.
The Major Players in Utility Asset Management Market are:
ABB, Siemens, General Electric, S&C, Sentient Energy, Aclara, Emerson, Enetics, Lindsey Manufacturing, Netcontrol, Cniguard, Vaisala
Get free sample pages of the latest published Utility Asset Management Market Report:
https://www.cognitivemarketresearch.com/utility-asset-management-market-report/report_enquiry?id=4
Regional Analysis:
- North America accounted for the largest share of the utility asset management market
North America has the largest revenue share in the utility asset management market. This is due to increasing digitalization and IoT sensors adoption in the utility sector in the region. In addition, the presence of various major players in the region is anticipated to drive the demand for the utility asset management market in the region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Utility Asset Management Market
Chapter 4 Global Utility Asset Management Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Utility Asset Management Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Utility Asset Management Industry Mergers and Acquisition Analysis
• 5.3 Global Utility Asset Management New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Utility Asset Management Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Utility Asset Management Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global Utility Asset Management Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Utility Asset Management Market by Utility Type Segmentation Analysis (2018-2030)
Chapter 12 Global Utility Asset Management Market Regional Analysis
Chapter 13 North America Utility Asset Management Market Outlook (2018 - 2030)
Chapter 14 Europe Utility Asset Management Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Utility Asset Management Market Outlook (2018 - 2030)
Chapter 16 Latin America Utility Asset Management Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Utility Asset Management Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Utility Asset Management Market TOC click here: https://www.cognitivemarketresearch.com/utility-asset-management-market-report#table_of_contents
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• Enterprise Asset Leasing Market - https://www.cognitivemarketresearch.com/enterprise-asset-leasing-market-report
• Digital Asset Management - https://www.cognitivemarketresearch.com/digital-asset-management-market-report
• Asset Integrity Management market - https://www.cognitivemarketresearch.com/asset-integrity-management-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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