To define, describe, segment, and forecast the global utility asset management market by application, component, utility type, and region To provide detailed information about major factors influencing the growth of the utility asset management market (drivers, restraints, opportunities, and industry-specific challenges)“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.
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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.
Report on Utility asset management Market 2017-2021 spreads across 170 pages profiling 11 companies and supported with 78 tables and 65 figures available at www.rnrmarketresearch.com/contacts…unt?rname=1188240
*Top 11 Companies Analysed for This Study are - Leading players in the utility asset management market includes Siemens AG (Germany), ABB, Ltd. (Switzerland), General Electric (US), and Emerson Electric (US), S & C Electric, Sentient Energy Inc, Aclara Technologies LLC, Emerson Electric Co, Enetics Inc, Lindsey Manufacturing Co, Netcontrol OY, Cniguard Ltd, Vaisala OYJ.
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
To know about the assumptions considered for the study,
Utility asset management Market Major Effective Point from Table of Content
6 Utility Asset Management Market, By Application
7 Utility Asset Management Market, By Component
7.2.2 Infrared Camera
8 Utility Asset Management Market, By Utility Type
8.2 Public Utility
8.3 Private Utility
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