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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.


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"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.

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