Utility Asset Management Market - 2023: Global Opportunity Analysis and Industry Forecast
The
Utility Asset Management market size will grow from USD 2.77 Billion in 2017 to
USD 4.48 Billion by 2023, at an estimated CAGR of 8.32%. The base year
considered for the study is 2017, and the market size is projected from 2018 to
2023.
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This growth is attributed to increasing investments
in grid modernization, requirement for energy efficiency, increasing grid
complexity, and necessity to reduce losses in T&D lines. The utility asset
management market has been segmented, based on component, into hardware and
software. The hardware segment is further classified into sensors, infrared
cameras, and others which include feeder protection device and sensing
transmitter. The software segment includes equipment/component management system,
performance management system, and production management system. The hardware
segment is expected to grow at the highest CAGR from 2018 to 2023, owing to the
increasing upgradation of aging utility infrastructure.
By Market Players:
By Market Players:
ABB
Ltd , Siemens AG , General Electric Company , S&C Electric
Company , Sentient Energy, Inc. , Aclara Technologies LLC ,
Emerson Electric Co. , Enetics Inc. , Lindsey Manufacturing
Co. , Netcontrol OY , Cniguard Ltd , Vaisala OYJ
By Application
By Application
Transformers , Substations , Transmission
& Distribution Lines
By
Component
Hardware , Software
By Utility Type
By Utility Type
Public Utility , Private Utility
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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Points
Covered in The Report:
The points that are discussed within the report are
the major market players that are involved in the market such as manufacturers,
raw material suppliers, equipment suppliers, end users, traders, distributors
and etc.
The complete profile of the companies is mentioned.
And the capacity, production, price, revenue, cost, gross, gross margin, sales
volume, sales revenue, consumption, growth rate, import, export, supply, future
strategies, and the technological developments that they are making are also
included within the report. The historical data from 2012 to 2017 and forecast
data from 2018 to 2023.
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