Global Utility Asset Management Market Forecast to 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Utility
Asset Management Market by Application (Transformer, Sub-Station,
Transmission & Distribution Lines), Component (Hardware, Software),
Utility Type (Public Utility, Private Utility), and Region – Global
Forecast to 2022" report has been added to Research and
Markets' offering.

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.

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.

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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Utility Asset Management Market, By Application

7 Utility Asset Management Market, By Component

8 Utility Asset Management Market, By Utility Type

9 Utility Asset Management Market, By Region

10 Competitive Landscape

11 Company Profiles

• ABB Ltd
• Aclara Technologies Llc
• Cniguard Ltd
• Emerson Electric Co.
• Enetics Inc.
• General Electric Company
• Lindsey Manufacturing Co.
• Netcontrol Oy
• S&C Electric Company
• Sentient Energy, Inc.
• Siemens Ag
• Vaisala Oyj

For more information about this report visit https://www.researchandmarkets.com/research/bwgnf9/utility_asset

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Related
Topics: Utilities