1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends
Utility Asset Management Market by Application, Component, Utility Type And Region - Global Forecast to 2022

Utility Asset Management Market: Global Forecast until 2022

  • September 2017
  • 147 pages
  • ID: 5106676
In this report:
The infrared cameras subsegment was the second largest market in the hardware segment in 2016 and is expected to reach USD ##.## million by 2022, from an estimated value of USD ##.## million in 2017, at a CAGR of ##.##%, from 2017 to 2022.
The market in Asia Pacific is expected to grow at the highest CAGR of ##.##% in the hardware segment and ##.##% in the software segment, from 2017 to 2022.

Summary

Table of Contents

Search Inside

"The utility asset management market is estimated to rise at a compound annual growth rate of ~8.3 percent, between 2017 and 2022"

The utility asset management market is estimated to grow ~$4.1B by 2022, at a compound annual growth rate of ~8.3 percent, between 2017 and 2022. Growing investments in grid modernization, requirement for energy efficiency, reliable power, rising grid complexity, and aging infrastructure are the main drivers of the utility asset management market.

The intensive capital requirement for the sensor technology could be the main restrain for the utility asset management market. Advanced communication network in the grid is still not prevalent in many utilities. Therefrom, utilities are reluctant to invest on additional infrastructure for asset monitoring and overhaul activities.

"The transformer sub-segment, within the application segment, is anticipated to grow at the highest compound annual growth rate (CAGR), between 2017 and 2022"

The transformer sub-segment, is forecasted to be the biggest market in the application segment during the outlook period.

This sector is anticipated to grow in the outlook as a result of growing investments being made by utilities in grid modernization in North America continent and other parts of the world. Furthermore, EU and some countries of Asia Pacific, including Australia, India (IN), and China also present opportunities as energy efficiency and reliable power generation is a prime consideration for utilities in these areas. The transformer sub-segment is poised to grow significantly during the forecast period. This is likely to drive the utility asset management market in the application segment.

"Asia-Pac: The quickest growing sector for utility asset management system"

The industry in Asia Pacific (APAC) is anticipated to be the quickest increasing sector for utility asset management, closely followed by Europe (EU). The sector in Asia area pacific is primarily driven by economies, such as china (CN), Japan (JP), and India (IN). The government of these economies is looking forward to invest heavily in grid modernization. Apart from these countries, the Australian government has also begun to invest in its T&D network to enhance its energy efficiency.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 60.0 percent, Tier 2 27.0 percent, Tier 3 13.0 percent

By Designation: C-Level- 35.0 percent, Manager-Level- 25.0 percent, Others- 40.0 percent

By area: North america (NA)- 60%, Europe- 30.0 percent, and Asia Pacific- 10.0 percent,

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = $10.0B to $20.0B, and Tier 3 =

Key players in the utility asset management market includes Siemens Aktiengesellschaft, ABB, Limited, General Electric, and Emerson Electric.

Segment Research

The market research defines, depicts, and forecasts the overall utility asset management market by application, component, utility type, and area. It also provides a in-depth qualitative and quantitative analysis of the market. The industry report offers a comprehensive analysis of major market drivers, industry restraints, alternatives, opportunities, and main issues. It also includes different important aspects of the market.

Why acquire this industry report?

The study determines and addresses top solution operators for utility asset management, which would help solution providers, review the rise in the industry demand for services.

The analysis benefits solution providers distinguish the pulse of the sector, and offers business insights into drivers, market restraints, and opportunities.

The market research will facilitate top players comprehend the strategies of their competitors better, and will benefit in making tactical conclusions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Distribution Automation Market by Component, Type of Utility And Region - Global Forecast to 2023

Distribution Automation Market: Global Forecast until 2023

  • $ 5649
  • Industry report
  • June 2018
  • by MarketsandMarkets

The distribution automation market is projected to grow at a CAGR of 7.29% from 2018 to 2023.The distribution automation market is projected to reach USD 16.81 billion by 2023, from an estimated USD 11.82 ...

Smart Grid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Smart Grid Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

  • $ 4795
  • Industry report
  • August 2018
  • by Infinium

The report on global smart grid market provides qualitative and quantitative analysis for the period of 2016 to 2024.The report predicts the global smart grid market to grow with a CAGR of 17.5% over the ...

Global Automated Demand Response System Market

Global Automated Demand Response System Market

  • $ 4250
  • Industry report
  • July 2018
  • by Mordor Intelligence LLP

The global automated demand response management systems (ADRMS) market value was estimated at USD 39.5 million in 2016, and it is expected to witness robust growth during 2018 - 2023 (henceforth referred ...

Malaysia Power EPC Market $ 3250 September 2018


ref:plp2017

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on