Summary:
Smart Utilities refer to gas, electric, and water companies that utilize connected sensors throughout their grids to analyze operations and increase the efficiency of service delivery. Smart utilities employ the Internet of Things (IoT) approach to connect all devices and integrate new digital technologies to streamline business operations.
Industry Insights
The global Smart Utility Solutions market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
The Utility sector is confined by strict local and global regulations and is required to preserve fundamental infrastructure. Utility companies have worked for years with a range of discrete systems, however, distribution, billing, consumption, and overall account management were all done with separate tools. Smart utilities are different. These systems and tools are all connected, which aids in efficiency and usability but requires exceptional increases in security.However, utilities using the smart grid's combined communications framework can access detection and mitigation solutions for physical and cyber threats. This foundation supports a wide range of generation options and reduces the aftereffects of a system attack. Utilizing the real-time data provided by smart technology can enhance operational efficiency, inform better business decisions, and enable inaccessible meters and sensors to be remotely monitored. Improvements to smart grids will allow for more responsive adjustments to system overload, including alternative sources of energy such as solar and wind power.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Smart Utility Solutions market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Smart Utility Solutions market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Smart Utility Solutions market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Smart Utility Solutions market.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segmental Analysis
The report has been segmented into product and application segments. The researchers have documented all the products present today in the Smart Utility Solutions market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2017-2028. They have also discussed about the growth rate and potential of each segment for the period 2017-2028.
Smart Utility Solutions Breakdown Data by Type
Software
Hardware
Smart Utility Solutions Breakdown Data by Application
Gas
Water
Electricity
Others
Regional Analysis
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Competitive Landscape
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2017-2022. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include:
Saviant
SUMS
Monarch
Aartesys
Vodafone Idea
SEW
Ozonix
Panamax Infotech
Sensus
Mobiloitte
iKapaPower
Faircape
HyperThings
Infosys
Telenor Connexion
Telit
Kamstrup
Frequently Asked Questions
What factors will challenge the Smart Utility Solutions market growth?
Which end-use segment will expand at the fastest CAGR in the Smart Utility Solutions market?
Which are the emerging players in the Smart Utility Solutions market?
How concentrated is the Smart Utility Solutions market?
Which factors are positively contributing to the Smart Utility Solutions market growth?
Which are the novel product innovations in the Smart Utility Solutions market?
Which product segment will emerge as the most lucrative in the Smart Utility Solutions market?
Which factors are increasing the competition in the Smart Utility Solutions market?
Which are the strategic measures taken by the Smart Utility Solutions industry players?
Which region will witness inactive growth during the forecast period?
What key trends are likely to emerge in the Smart Utility Solutions market in the coming years?
Summary:
Get latest Market Research Reports on Smart Utility Solutions. Industry analysis & Market Report on Smart Utility Solutions is a syndicated market report, published as Global Smart Utility Solutions Market Research Report 2022. It is complete Research Study and Industry Analysis of Smart Utility Solutions market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.