Product Code: A27917
Utility asset management allows companies to manage critical assets and track age, usage, maintenance history and a variety of other variables. Moreover, asset performance management (APM) improves asset management with data analysis, condition monitoring and predictive maintenance to support better operational decisions. An asset management system that includes APM functionality minimizes the risk of equipment failure and optimizes equipment life. The result is increased efficiency, reduced emissions, reduced costs, and maximized service uptime and reliability for end users. In addition, one of the key benefits of introducing asset management tools to power utilities is the ability to collect and store real-time data in a centralized system. Making this data available to workers, managers and technicians not only speeds up workflow processes, but also creates a complete picture of all valuable assets.
Growth in concerns for environmental, health & safety standards, improved service quality, and better security measures for personnel and equipment drive growth of the utility asset management market. Moreover, utility asset management reduces maintenance and operating costs and maximizes life of existing assets and equipment. This increases acceptance of utility asset management, which propels growth of the market. Moreover, rise global energy demand, emergence of smart cities, increasingly distributed energy resources, and demand for efficient and reliable energy drive growth of the utility asset management market. However, high cost associated with implementation of monitoring and tracking systems is expected to hinder the utility asset management market during the forecast period. Furthermore, adoption of advance technologies such as artificial intelligence and IoT in utility asset management provide ample growth opportunities for the market.
The utility asset management market is segmented on the basis of component, utility type, application, and region. On the basis of component, the market is segmented into hardware, software, and service. The hardware segment is further divided into sensors, cameras, and others. The software segment is further divided into on-premise and cloud. The service segment is further divided into professional services and managed services. Furthermore, the professional services segment is further categorized into training & education, integration & deployment, and support & maintenance. By utility type, the market is fragmented into public utility and private utility. Depending on application, it is segregated into transmission & distribution lines, sub-station, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are ABB Ltd., Black & Veatch., Cniguard Ltd., DNV GL, Enetics, Inc., EnrichAI, IBM Corporation, IFS, InPipe Energy, Microsoft Corporation, Netcontrol Oy, Neuroflux, Oracle corporation, Platoi, Schneider Electric, Siemens AG, and Vigti. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the utilities asset management market analysis from 2021 to 2031 to identify the prevailing utilities asset management market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the utilities asset management market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global utilities asset management market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Hardware
- Hardware Type
- Sensors
- Cameras
- Others
- Software
- Deployment Model
- On-premise
- Cloud
- Service
- Service Type
- Professional Services
- Managed Services
By Utility Type
- Private Utilities
- Public Utilities
By Application
- Transmission Distribution Lines
- Sub-station
- Others
By Region
- North America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: UTILITIES ASSET MANAGEMENT MARKET, BY COMPONENT
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Hardware
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.2.4 Hardware Utilities Asset Management Market by Hardware Type
- 4.2.4.1 Sensors Market size and forecast, by region
- 4.2.4.2 Sensors Market size and forecast, by country
- 4.2.4.3 Cameras Market size and forecast, by region
- 4.2.4.4 Cameras Market size and forecast, by country
- 4.2.4.5 Others Market size and forecast, by region
- 4.2.4.6 Others Market size and forecast, by country
- 4.3 Software
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.3.4 Software Utilities Asset Management Market by Deployment Model
- 4.3.4.1 On-premise Market size and forecast, by region
- 4.3.4.2 On-premise Market size and forecast, by country
- 4.3.4.3 Cloud Market size and forecast, by region
- 4.3.4.4 Cloud Market size and forecast, by country
- 4.4 Service
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.4.4 Service Utilities Asset Management Market by Service Type
- 4.4.4.1 Professional Services Market size and forecast, by region
- 4.4.4.2 Professional Services Market size and forecast, by country
- 4.4.4.3 Managed Services Market size and forecast, by region
- 4.4.4.4 Managed Services Market size and forecast, by country
CHAPTER 5: UTILITIES ASSET MANAGEMENT MARKET, BY UTILITY TYPE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Private Utilities
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Public Utilities
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
CHAPTER 6: UTILITIES ASSET MANAGEMENT MARKET, BY APPLICATION
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Transmission & Distribution Lines
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Sub-station
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Others
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
CHAPTER 7: UTILITIES ASSET MANAGEMENT MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Component
- 7.2.2.1 North America Hardware Utilities Asset Management Market by Hardware Type
- 7.2.2.2 North America Software Utilities Asset Management Market by Deployment Model
- 7.2.2.3 North America Service Utilities Asset Management Market by Service Type
- 7.2.3 North America Market size and forecast, by Utility Type
- 7.2.4 North America Market size and forecast, by Application
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Market size and forecast, by Component
- 7.2.5.1.1.1 U.S. Hardware Utilities Asset Management Market by Hardware Type
- 7.2.5.1.1.2 U.S. Software Utilities Asset Management Market by Deployment Model
- 7.2.5.1.1.3 U.S. Service Utilities Asset Management Market by Service Type
- 7.2.5.1.2 Market size and forecast, by Utility Type
- 7.2.5.1.3 Market size and forecast, by Application
- 7.2.5.2 Canada
- 7.2.5.2.1 Market size and forecast, by Component
- 7.2.5.2.1.1 Canada Hardware Utilities Asset Management Market by Hardware Type
- 7.2.5.2.1.2 Canada Software Utilities Asset Management Market by Deployment Model
- 7.2.5.2.1.3 Canada Service Utilities Asset Management Market by Service Type
- 7.2.5.2.2 Market size and forecast, by Utility Type
- 7.2.5.2.3 Market size and forecast, by Application
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Component
- 7.3.2.1 Europe Hardware Utilities Asset Management Market by Hardware Type
- 7.3.2.2 Europe Software Utilities Asset Management Market by Deployment Model
- 7.3.2.3 Europe Service Utilities Asset Management Market by Service Type
- 7.3.3 Europe Market size and forecast, by Utility Type
- 7.3.4 Europe Market size and forecast, by Application
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 United Kingdom
- 7.3.5.1.1 Market size and forecast, by Component
- 7.3.5.1.1.1 United Kingdom Hardware Utilities Asset Management Market by Hardware Type
- 7.3.5.1.1.2 United Kingdom Software Utilities Asset Management Market by Deployment Model
- 7.3.5.1.1.3 United Kingdom Service Utilities Asset Management Market by Service Type
- 7.3.5.1.2 Market size and forecast, by Utility Type
- 7.3.5.1.3 Market size and forecast, by Application
- 7.3.5.2 Germany
- 7.3.5.2.1 Market size and forecast, by Component
- 7.3.5.2.1.1 Germany Hardware Utilities Asset Management Market by Hardware Type
- 7.3.5.2.1.2 Germany Software Utilities Asset Management Market by Deployment Model
- 7.3.5.2.1.3 Germany Service Utilities Asset Management Market by Service Type
- 7.3.5.2.2 Market size and forecast, by Utility Type
- 7.3.5.2.3 Market size and forecast, by Application
- 7.3.5.3 France
- 7.3.5.3.1 Market size and forecast, by Component
- 7.3.5.3.1.1 France Hardware Utilities Asset Management Market by Hardware Type
- 7.3.5.3.1.2 France Software Utilities Asset Management Market by Deployment Model
- 7.3.5.3.1.3 France Service Utilities Asset Management Market by Service Type
- 7.3.5.3.2 Market size and forecast, by Utility Type
- 7.3.5.3.3 Market size and forecast, by Application
- 7.3.5.4 Italy
- 7.3.5.4.1 Market size and forecast, by Component
- 7.3.5.4.1.1 Italy Hardware Utilities Asset Management Market by Hardware Type
- 7.3.5.4.1.2 Italy Software Utilities Asset Management Market by Deployment Model
- 7.3.5.4.1.3 Italy Service Utilities Asset Management Market by Service Type
- 7.3.5.4.2 Market size and forecast, by Utility Type
- 7.3.5.4.3 Market size and forecast, by Application
- 7.3.5.5 Spain
- 7.3.5.5.1 Market size and forecast, by Component
- 7.3.5.5.1.1 Spain Hardware Utilities Asset Management Market by Hardware Type
- 7.3.5.5.1.2 Spain Software Utilities Asset Management Market by Deployment Model
- 7.3.5.5.1.3 Spain Service Utilities Asset Management Market by Service Type
- 7.3.5.5.2 Market size and forecast, by Utility Type
- 7.3.5.5.3 Market size and forecast, by Application
- 7.3.5.6 Netherlands
- 7.3.5.6.1 Market size and forecast, by Component
- 7.3.5.6.1.1 Netherlands Hardware Utilities Asset Management Market by Hardware Type
- 7.3.5.6.1.2 Netherlands Software Utilities Asset Management Market by Deployment Model
- 7.3.5.6.1.3 Netherlands Service Utilities Asset Management Market by Service Type
- 7.3.5.6.2 Market size and forecast, by Utility Type
- 7.3.5.6.3 Market size and forecast, by Application
- 7.3.5.7 Rest of Europe
- 7.3.5.7.1 Market size and forecast, by Component
- 7.3.5.7.1.1 Rest of Europe Hardware Utilities Asset Management Market by Hardware Type
- 7.3.5.7.1.2 Rest of Europe Software Utilities Asset Management Market by Deployment Model
- 7.3.5.7.1.3 Rest of Europe Service Utilities Asset Management Market by Service Type
- 7.3.5.7.2 Market size and forecast, by Utility Type
- 7.3.5.7.3 Market size and forecast, by Application
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Component
- 7.4.2.1 Asia-Pacific Hardware Utilities Asset Management Market by Hardware Type
- 7.4.2.2 Asia-Pacific Software Utilities Asset Management Market by Deployment Model
- 7.4.2.3 Asia-Pacific Service Utilities Asset Management Market by Service Type
- 7.4.3 Asia-Pacific Market size and forecast, by Utility Type
- 7.4.4 Asia-Pacific Market size and forecast, by Application
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Market size and forecast, by Component
- 7.4.5.1.1.1 China Hardware Utilities Asset Management Market by Hardware Type
- 7.4.5.1.1.2 China Software Utilities Asset Management Market by Deployment Model
- 7.4.5.1.1.3 China Service Utilities Asset Management Market by Service Type
- 7.4.5.1.2 Market size and forecast, by Utility Type
- 7.4.5.1.3 Market size and forecast, by Application
- 7.4.5.2 Japan
- 7.4.5.2.1 Market size and forecast, by Component
- 7.4.5.2.1.1 Japan Hardware Utilities Asset Management Market by Hardware Type
- 7.4.5.2.1.2 Japan Software Utilities Asset Management Market by Deployment Model
- 7.4.5.2.1.3 Japan Service Utilities Asset Management Market by Service Type
- 7.4.5.2.2 Market size and forecast, by Utility Type
- 7.4.5.2.3 Market size and forecast, by Application
- 7.4.5.3 South Korea
- 7.4.5.3.1 Market size and forecast, by Component
- 7.4.5.3.1.1 South Korea Hardware Utilities Asset Management Market by Hardware Type
- 7.4.5.3.1.2 South Korea Software Utilities Asset Management Market by Deployment Model
- 7.4.5.3.1.3 South Korea Service Utilities Asset Management Market by Service Type
- 7.4.5.3.2 Market size and forecast, by Utility Type
- 7.4.5.3.3 Market size and forecast, by Application
- 7.4.5.4 Australia
- 7.4.5.4.1 Market size and forecast, by Component
- 7.4.5.4.1.1 Australia Hardware Utilities Asset Management Market by Hardware Type
- 7.4.5.4.1.2 Australia Software Utilities Asset Management Market by Deployment Model
- 7.4.5.4.1.3 Australia Service Utilities Asset Management Market by Service Type
- 7.4.5.4.2 Market size and forecast, by Utility Type
- 7.4.5.4.3 Market size and forecast, by Application
- 7.4.5.5 India
- 7.4.5.5.1 Market size and forecast, by Component
- 7.4.5.5.1.1 India Hardware Utilities Asset Management Market by Hardware Type
- 7.4.5.5.1.2 India Software Utilities Asset Management Market by Deployment Model
- 7.4.5.5.1.3 India Service Utilities Asset Management Market by Service Type
- 7.4.5.5.2 Market size and forecast, by Utility Type
- 7.4.5.5.3 Market size and forecast, by Application
- 7.4.5.6 Rest of Asia-Pacific
- 7.4.5.6.1 Market size and forecast, by Component
- 7.4.5.6.1.1 Rest of Asia-Pacific Hardware Utilities Asset Management Market by Hardware Type
- 7.4.5.6.1.2 Rest of Asia-Pacific Software Utilities Asset Management Market by Deployment Model
- 7.4.5.6.1.3 Rest of Asia-Pacific Service Utilities Asset Management Market by Service Type
- 7.4.5.6.2 Market size and forecast, by Utility Type
- 7.4.5.6.3 Market size and forecast, by Application
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Component
- 7.5.2.1 LAMEA Hardware Utilities Asset Management Market by Hardware Type
- 7.5.2.2 LAMEA Software Utilities Asset Management Market by Deployment Model
- 7.5.2.3 LAMEA Service Utilities Asset Management Market by Service Type
- 7.5.3 LAMEA Market size and forecast, by Utility Type
- 7.5.4 LAMEA Market size and forecast, by Application
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 Latin America
- 7.5.5.1.1 Market size and forecast, by Component
- 7.5.5.1.1.1 Latin America Hardware Utilities Asset Management Market by Hardware Type
- 7.5.5.1.1.2 Latin America Software Utilities Asset Management Market by Deployment Model
- 7.5.5.1.1.3 Latin America Service Utilities Asset Management Market by Service Type
- 7.5.5.1.2 Market size and forecast, by Utility Type
- 7.5.5.1.3 Market size and forecast, by Application
- 7.5.5.2 Middle East
- 7.5.5.2.1 Market size and forecast, by Component
- 7.5.5.2.1.1 Middle East Hardware Utilities Asset Management Market by Hardware Type
- 7.5.5.2.1.2 Middle East Software Utilities Asset Management Market by Deployment Model
- 7.5.5.2.1.3 Middle East Service Utilities Asset Management Market by Service Type
- 7.5.5.2.2 Market size and forecast, by Utility Type
- 7.5.5.2.3 Market size and forecast, by Application
- 7.5.5.3 Africa
- 7.5.5.3.1 Market size and forecast, by Component
- 7.5.5.3.1.1 Africa Hardware Utilities Asset Management Market by Hardware Type
- 7.5.5.3.1.2 Africa Software Utilities Asset Management Market by Deployment Model
- 7.5.5.3.1.3 Africa Service Utilities Asset Management Market by Service Type
- 7.5.5.3.2 Market size and forecast, by Utility Type
- 7.5.5.3.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Key developments
CHAPTER 9: COMPANY PROFILES
- 9.1 S&C Electric
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments