The Digital Utility Market is expected to register a CAGR of 11.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Deployment Model (On-premise, Cloud, and Hybrid); Technology (Hardware and Integrated Solutions); Network (Generation, Transmission & Distribution, and Retail). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Digital Utility Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Digital Utility Market Segmentation
Deployment Model- On-premise
- Cloud
- Hybrid
- Hardware and Integrated Solutions
- Generation
- Transmission & Distribution
- Retail
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Digital Utility Market Growth Drivers- Rising Demand for Energy Efficiency: The worldwide pressure on energy efficiency is the main driving force for the digital utility market. Utilities are increasingly implementing digital solutions as the demand for energy grows to optimize operations, minimize waste, and maximize energy management. With smart meters, smart grids, and AI-driven optimization systems, utilities can monitor energy usage better, reduce peak demand, and make real-time adjustments to avoid inefficiencies.
- Transition to Renewable Energy: The growing shift towards renewable energy sources, such as solar, wind, and hydroelectric power, is a crucial factor. Digital technologies become increasingly important in managing this kind of intermittent nature for energy sources. Predictive analytics, machine learning algorithms, and smart grid systems make it possible for utilities to predict energy production, maintain balance between supply and demand, and integrate renewable sources effectively into the grid, further paving the way for the greener energy transition.
- 5G and Real-Time Data Communication: Rollouts in 5G networks will change the face of the digital utility market. The 5G network allows faster and more reliable data transfer between devices, providing an ultra-low latency with significantly higher bandwidth for the real-time data transmission of smart meters, sensors, and other devices on the IoT from anywhere within the utility networks. Utilities can monitor and correct their operations in real time, detect faults in immediate succession, and ensure smooth deliveries of services to customers in time.
- Growth of Smart Grids in Digital Utility Market:The digital utility market is set to experience significant growth with the widespread adoption of smart grids. These advanced systems will enable utilities to optimize energy distribution, monitor consumption in real-time, and integrate renewable energy sources. Enhanced data analytics and IoT integration will drive efficiency, reduce costs, and improve sustainability in energy management
- Government Regulations and Policies: Governments worldwide are putting forth regulations and policies aimed at curbing carbon emissions and pushing towards cleaner energy. In these circumstances, digital utilities become the need of the hour to meet the requirements set by the regulations because digital utilities help utilities monitor, manage, and report their energy usage and emissions in a better way. It is these regulations that give rise to the demand for digital solutions that make utility operations compliant and environmentally friendly.
- Improved Customer Expectations and Experience: As people become more digitally literate, so are their demands on the service delivery level, transparency, and their energy usage. The need for consumers to have much control over their energy use, coupled with more informative insights into their usage habits, is becoming increasingly dominant. Digital utilities such as apps, smart meters, and personalized dashboards offer their customers real-time data allowing them to make informed decisions in the pursuit of better controlling their energy consumption.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Digital Utility Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Digital Utility Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
The major factors driving the digital utility market are:
1. Rising Demand for Energy Efficiency
2. Transition to Renewable Energy
5G and Real-Time Data Communication is anticipated to play a significant role in the global digital utility market in the coming years
The Digital Utility Market is estimated to witness a CAGR of 11.2% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Digital Utility Market - By Deployment Model
- Digital Utility Market - By Technology
- Digital Utility Market - By Network
- Digital Utility Market - By Region
o By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIGITAL UTILITY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. DIGITAL UTILITY MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DIGITAL UTILITY MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL UTILITY - GLOBAL MARKET OVERVIEW
6.2. DIGITAL UTILITY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. DIGITAL UTILITY MARKET REVENUE AND FORECASTS TO 2028 - DEPLOYMENT MODEL
7.1. OVERVIEW
7.2. DEPLOYMENT MODEL MARKET FORECASTS AND ANALYSIS
7.3. ON-PREMISE
7.3.1. Overview
7.3.2. On-premise Market Forecast and Analysis
7.4. CLOUD
7.4.1. Overview
7.4.2. Cloud Market Forecast and Analysis
7.5. HYBRID
7.5.1. Overview
7.5.2. Hybrid Market Forecast and Analysis
8. DIGITAL UTILITY MARKET REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. HARDWARE
8.3.1. Overview
8.3.2. Hardware Market Forecast and Analysis
8.4. INTEGRATED SOLUTIONS
8.4.1. Overview
8.4.2. Integrated Solutions Market Forecast and Analysis
9. DIGITAL UTILITY MARKET REVENUE AND FORECASTS TO 2028 - NETWORK
9.1. OVERVIEW
9.2. NETWORK MARKET FORECASTS AND ANALYSIS
9.3. GENERATION
9.3.1. Overview
9.3.2. Generation Market Forecast and Analysis
9.4. TRANSMISSION & DISTRIBUTION
9.4.1. Overview
9.4.2. Transmission & Distribution Market Forecast and Analysis
9.5. RETAIL
9.5.1. Overview
9.5.2. Retail Market Forecast and Analysis
10. DIGITAL UTILITY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America Digital Utility Market Overview
10.1.2. North America Digital Utility Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Deployment Model
10.1.4. North America Market Forecasts and Analysis - By Technology
10.1.5. North America Market Forecasts and Analysis - By Network
10.1.6. North America Market Forecasts and Analysis - By Countries
10.1.6.1. US market
10.1.6.1.1. US Market by Deployment Model
10.1.6.1.2. US Market by Technology
10.1.6.1.3. US Market by Network
10.1.6.2. Canada market
10.1.6.2.1. Canada Market by Deployment Model
10.1.6.2.2. Canada Market by Technology
10.1.6.2.3. Canada Market by Network
10.1.6.3. Mexico market
10.1.6.3.1. Mexico Market by Deployment Model
10.1.6.3.2. Mexico Market by Technology
10.1.6.3.3. Mexico Market by Network
10.2. EUROPE
10.2.1. Europe Digital Utility Market Overview
10.2.2. Europe Digital Utility Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Deployment Model
10.2.4. Europe Market Forecasts and Analysis - By Technology
10.2.5. Europe Market Forecasts and Analysis - By Network
10.2.6. Europe Market Forecasts and Analysis - By Countries
10.2.6.1. France market
10.2.6.1.1. France Market by Deployment Model
10.2.6.1.2. France Market by Technology
10.2.6.1.3. France Market by Network
10.2.6.2. Germany market
10.2.6.2.1. Germany Market by Deployment Model
10.2.6.2.2. Germany Market by Technology
10.2.6.2.3. Germany Market by Network
10.2.6.3. Italy market
10.2.6.3.1. Italy Market by Deployment Model
10.2.6.3.2. Italy Market by Technology
10.2.6.3.3. Italy Market by Network
10.2.6.4. Russia market
10.2.6.4.1. Russia Market by Deployment Model
10.2.6.4.2. Russia Market by Technology
10.2.6.4.3. Russia Market by Network
10.2.6.5. UK market
10.2.6.5.1. UK Market by Deployment Model
10.2.6.5.2. UK Market by Technology
10.2.6.5.3. UK Market by Network
10.2.6.6. Rest of Europe market
10.2.6.6.1. Rest of Europe Market by Deployment Model
10.2.6.6.2. Rest of Europe Market by Technology
10.2.6.6.3. Rest of Europe Market by Network
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific Digital Utility Market Overview
10.3.2. Asia Pacific Digital Utility Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Deployment Model
10.3.4. Asia Pacific Market Forecasts and Analysis - By Technology
10.3.5. Asia Pacific Market Forecasts and Analysis - By Network
10.3.6. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.6.1. South Korea
10.3.6.1.1. South Korea Market by Deployment Model
10.3.6.1.2. South Korea Market by Technology
10.3.6.1.3. South Korea Market by Network
10.3.6.2. China market
10.3.6.2.1. China Market by Deployment Model
10.3.6.2.2. China Market by Technology
10.3.6.2.3. China Market by Network
10.3.6.3. India market
10.3.6.3.1. India Market by Deployment Model
10.3.6.3.2. India Market by Technology
10.3.6.3.3. India Market by Network
10.3.6.4. Japan market
10.3.6.4.1. Japan Market by Deployment Model
10.3.6.4.2. Japan Market by Technology
10.3.6.4.3. Japan Market by Network
10.3.6.5. Australia market
10.3.6.5.1. Australia Market by Deployment Model
10.3.6.5.2. Australia Market by Technology
10.3.6.5.3. Australia Market by Network
10.3.6.6. Rest of APAC market
10.3.6.6.1. Rest of APAC Market by Deployment Model
10.3.6.6.2. Rest of APAC Market by Technology
10.3.6.6.3. Rest of APAC Market by Network
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa Digital Utility Market Overview
10.4.2. Middle East and Africa Digital Utility Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Deployment Model
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Technology
10.4.5. Middle East and Africa Market Forecasts and Analysis - By Network
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1. South Africa market
10.4.6.1.1. South Africa Market by Deployment Model
10.4.6.1.2. South Africa Market by Technology
10.4.6.1.3. South Africa Market by Network
10.4.6.2. Saudi Arabia market
10.4.6.2.1. Saudi Arabia Market by Deployment Model
10.4.6.2.2. Saudi Arabia Market by Technology
10.4.6.2.3. Saudi Arabia Market by Network
10.4.6.3. UAE market
10.4.6.3.1. UAE Market by Deployment Model
10.4.6.3.2. UAE Market by Technology
10.4.6.3.3. UAE Market by Network
10.4.6.4. Rest of MEA market
10.4.6.4.1. Rest of MEA Market by Deployment Model
10.4.6.4.2. Rest of MEA Market by Technology
10.4.6.4.3. Rest of MEA Market by Network
10.5. SOUTH AMERICA (SAM)
10.5.1. South America Digital Utility Market Overview
10.5.2. South America Digital Utility Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Deployment Model
10.5.4. South America Market Forecasts and Analysis - By Technology
10.5.5. South America Market Forecasts and Analysis - By Network
10.5.6. South America Market Forecasts and Analysis - By Countries
10.5.6.1. Brazil market
10.5.6.1.1. Brazil Market by Deployment Model
10.5.6.1.2. Brazil Market by Technology
10.5.6.1.3. Brazil Market by Network
10.5.6.2. Argentina market
10.5.6.2.1. Argentina Market by Deployment Model
10.5.6.2.2. Argentina Market by Technology
10.5.6.2.3. Argentina Market by Network
10.5.6.3. Rest of SAM market
10.5.6.3.1. Rest of SAM Market by Deployment Model
10.5.6.3.2. Rest of SAM Market by Technology
10.5.6.3.3. Rest of SAM Market by Network
11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
12. DIGITAL UTILITY MARKET, KEY COMPANY PROFILES
12.1. ABB LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products & Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ACCENTURE PLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products & Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CAPGEMINI SA
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products & Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. EATON CORPORATION PLC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products & Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. GENERAL ELECTRIC COMPANY
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products & Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. IBM CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products & Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ORACLE CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products & Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SAP SE
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products & Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SCHNEIDER ELECTRIC SE
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products & Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SIEMENS AG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products & Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Accenture PLC
3. Capgemini SA
4. Eaton Corporation PLC
5. General Electric Company
6. IBM Corporation
7. Oracle Corporation
8. SAP SE
9. Schneider Electric SE
10. Siemens AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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