Utility Asset Management Market, by Application (Transformer, Sub-station, Transmission & Distribution Lines), Component (Hardware, Software), Utility Type (Public Utility, Private Utility) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
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Utilities asset management aids in increasing power demand, and infrastructure. It helps to increase the distributed energy resources, and fulfills the requirement for efficient and reliable power.
The increasing grid complexity is driving the utilities asset management market. It helps to monitor and control the utilities technology and improves the energy efficiency.
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This report studies the current and future aspects of utility asset management market.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the utility asset management market.
The scope of this report covers the utility asset management market by its major segments, which include the types, applications, and the major geographic regions.
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The global utility asset management market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor of the utility asset management market.
The region shall continue to dominate during the forecasted period due to high investments in transmission and distribution upgradation which shall lead to energy conservation in various industries. Next in line is the Asia Pacific region which is witnessing a fast-paced growth due to heavy investments in distributed energy resources by emerging economies like China and India.
This is resulting in grid complexity and hence boosting the market growth further.
This report analyzes the utility asset management market by the following segments:
- Utility Asset Management Market, by Application
- Transmission & Distribution Lines
- Utility Asset Management Market, by Component
- Utility Asset Management Market, by Utility Type
- Public Utility
- Private Utility
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