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 by Application, Component, Utility Type And Region - Global Forecast to 2022

  • September 2017
  • 148 pages
  • ID: 5106676
In this report:
The hardware segment accounted for the largest share of ##.##% of the utility asset management market in 2016 and it is expected to grow at the higher CAGR of ##.##% from 2017 to 2022.
The market in Asia Pacific is expected to grow at the highest CAGRs of ##.##% in the hardware segment and ##.##% in the software segment, respectively, from 2017 to 2022.

Summary

Table of Contents

Search Inside

The utility asset management market is projected to grow at a CAGR of 8.25%, from 2017 to 2022
The utility asset management market is projected to reach USD 4.09 billion by 2022, at a CAGR of 8.25%, from 2017 to 2022. Increasing investments in grid modernization, requirement for energy efficiency, reliable power, increasing grid complexity, and aging infrastructure are the major drivers of the utility asset management market.
The intensive capital requirement for the sensor technology could be the major restrain for the utility asset management market.Advanced communication network in the grid is still not prevalent in many utilities.

Hence, utilities are reluctant to invest on additional infrastructure for asset monitoring and overhaul activities.

The transformer sub-segment, within the application segment, is expected to grow at the highest CAGR, from 2017 to 2022

The transformer sub-segment, is estimated to be the largest market in the application segment during the forecast period.
This market is expected to grow in the future as a result of increasing investments being made by utilities in grid modernization in North America and other parts of the world.Moreover, Europe and some countries of Asia Pacific, such as Australia, India, and China also present opportunities as energy efficiency and reliable power generation is a prime consideration for utilities in these regions.

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 Pacific: The fastest growing market for utility asset management system
The market in Asia Pacific is expected to be the fastest growing market for utility asset management, closely followed by Europe.The market in Asia pacific is primarily driven by economies, such as China, Japan, and India.

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 improve its energy efficiency.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 1- 60%, Tier 2- 27%, Tier 3- 13%
• By Designation: C-Level- 35%, Manager-Level- 25%, Others- 40%
• By Region: North America- 60%, Europe- 30%, and Asia Pacific- 10%,

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2015: Tier 1 = >USD 20 billion, Tier 2 = USD 10 billion to USD 20 billion, and Tier 3 = Leading players in the utility asset management market includes Siemens AG (Germany), ABB, Ltd. (Switzerland), General Electric (US), and Emerson Electric (US).

Research Coverage:
The report defines, describes, and forecasts the global utility asset management market by application, component, utility type, and region.It also offers a detailed qualitative and quantitative analysis of the market.

The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues. It also covers various important aspects of the market.

Why buy this report?
The report identifies and addresses key solution operators for utility asset management, which would help solution providers, review the growth in the demand for services.

The report helps solution providers understand the pulse of the market, and provides insights into drivers, restraints, and challenges.

The report will help key players understand the strategies of their competitors better, and will help in making strategic decisions.

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
Global Instrument Transformer Market - Opportunities and Forecast (2013-2023)

Global Instrument Transformer Market - Opportunities and Forecast (2013-2023)

  • $ 2400
  • December 2018

Executive SummaryA comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the ...

Indonesia Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive Landscape

Indonesia Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive Landscape

  • $ 2500
  • December 2018

Indonesia Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive LandscapeSummaryThis report elaborates Indonesia’s power market structure and provides historical and ...

India Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive Landscape

India Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive Landscape

  • $ 2500
  • November 2018

India Power Market Outlook to 2030, Update 2018 - Market Trends, Regulations, and Competitive LandscapeSummaryThis report elaborates India’s power market structure and provides historical and forecast ...


ref:plp2017

Reportlinker.com © Copyright 2019. 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