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Utility asset management market to hit $4.09 by 2022

Utility asset management market is projected to grow at a highest CAGR of 8.25% from forecast Period 2017 to 2022. The global utility asset management market is projected to reach USD 4.09 billion by 2022

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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.

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Apart from these countries, the Australian government has also begun to invest in its T&D network to improve its energy efficiency.

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The growth of this segment is primarily driven by increasing investments in grid modernization and requirement for energy efficiency. This research study involved the use of extensive secondary sources, directories, and databases, such as, Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global utility asset management market. 

The target audience of this report includes:

  • Equipment/Component asset management system providers
  • Electric utilities
  • Current/Voltagemeasurement device manufacturers and integrators
  • Government agencies
  • Investors and financial community professionals
  • Market research and consulting firms
  • Government and research organizations
  • Gas operators, distributors, and regulators 

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The utility asset management ecosystem comprises energy software companies, such as, S&C Electric (US), ABB, Ltd. (Switzerland), Sentient Energy, Inc (US), Emerson Electric Co.

(US), and Enetics Inc. (US). It also comprises   smart grid solution companies, such as, Lindsey Manufacturing Co. (US), Siemens AG (Germany), NetControl OY (Finland), and CNIguard (UK). 

Fundamental Key Point from Table of Content 

Utility Asset Management Market, By Application
Introduction
Transformer
Substation
Transmission and Distribution Lines 

Utility Asset Management Market, By Component
Introduction
Hardware
Sensor
Infrared Camera
Others
Software
Equipment/Component Management
Performance Management
Production Management 

Utility Asset Management Market, By Utility Type
Introduction
Public Utility
Private Utility 

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