UTILITY ASSET MANAGEMENT MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2024
Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Introduction Report Description The Global Utility Asset Management Market was sized near USD X.X billion in 2016. The global utility asset management market is projected to grow with a CAGR of 8.10% during 2018-2024. A supply of gas, electricity, water, or telephone service to homes and businesses or a business that supplies such services is referred as utilities. Utility asset management is cost effective, maintaining and upgrading of assets e.g. electrical assets, by combining engineering practices and economic analysis. Utilities are at the conjunction of the technology rebellion and developing distributed asset and business processes. Utility asset management and analytical maintenance allows you to diminish the risk of failure and maximize equipment lifetimes in the most cost-effective way, increasing reliability, demonstrating and managing submission and optimizing operations and assets. Utility are classified into different type they are public utility and private utility. This report estimates the market size of utility asset management market in terms of value (USD million) over the period of 2016 to 2024. The year 2017 is considered to be a base year, and 2018 to 2024 is considered to be a forecast period. Moreover, the market sizes for utility asset management market in numerous application is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global utility asset management market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of utility asset management market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region.
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of utility asset management market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the global utility asset management market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. Segmentation and Research Scope
UTILITY ASSET MANAGEMENT MARKET SEGMENTATION
UTILITY ASSET MANAGEMENT MARKET
Application Transformer Sub-Station Transmission & Distribution Lines
Utility Type Public Utility Private Utility
Component Hardware Software
Region
North America Europe Asia Pacific RoW
The report on global utility asset management market covers segments such as application, utility type and component. On the basis of application the global utility asset management market is categorized into transformer, sub-station, and transmission & distribution lines. © Infinium Global Research
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Furthermore, on the basis of utility type the utility asset management market is segmented as public utility, and private utility. The component segments include hardware, and software. Research Methodology Methodology
Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the utility asset management market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline
Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH © Infinium Global Research
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH
Arriving at Global Market Size
Accumulation of the country level market size (value) Regional market size of utility asset management and its application, utility type, and component
Market Share of Key Players
Segment revenue of the key players Country level market size by application, utility type, and component (value)
Key Market Players
Identifying key players in the utility asset management market
Accumulation of the regional/country market size (value) Global market size of application, utility type, and component
Arriving at Regional/Country Market Size
RESEARCH APPROACHES- TOP-DOWN Global Market
Market Segments
Global market size of utility asset management market Value for 2016 to 2024
% breakdown by market segments by application, utility type, and component Value for 2016 and 2024
Determine the Regional Market Size Country Level Market Sizing
Regional market size of the utility asset management market (value) Regional market size of application, utility type, and component Country level market size of the utility asset management market in every region (value) Country level market size of application, utility type, and component in every region
TOP-DOWN APPROACH © Infinium Global Research
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The study on global utility asset management market provides deep insights into the trends and opportunities in the market for the forecast period 2018 to 2024. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global utility asset management market. The estimates in the global utility asset management market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of utility asset management market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the application and utility type. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES
Infinium's Data Bank/ Know How
Top executives of end-use industries Intermediaries
C-level executives in the leading manufacturing products of utility asset management. Product managers Sales managers Industry consultants Distributors/Suppliers
Industry Publications Government Agencies' Publications Industry news Data sources Others
Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases
Secondary Research
DATA TRIANGULATION & INFORMATION SOURCES
Company Publication
Supply Side
Primary Research
General Publications
Demand Side
PRIMARY SOURCES
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The market size of utility asset management is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the utility asset management market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the utility asset management market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the utility asset management market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of utility asset management. With the help of primary interviews and secondary research the market size of utility asset management is determined for each country studied, which then is added to arrive at regional market size and there by obtaining global market size. This in turn helps us to validate the market size of utility asset management in the world market. Executive Summary Global Utility Asset Management Market Highlights, (USD Million) The global utility asset management market is expected to grow at a CAGR of 8.10 % between 2018 and 2024 in terms of value. Growing demand for distributed energy resources, and requirement for efficient and reliable power, increasing demand for power, and old infrastructure are the factors driving the utility asset management market. Utility asset management helps to understand customer satisfaction which includes managing asset risks, avoiding unexpected outages, and maintaining critical assets before failure strikes. Consumers expect to be informed periodically when a power supply or other service is not available or when equipment is closed down to plan their utility consumption. Moreover, increasing investments for modernization and government support is likely to boost the growth of the market. The lack of efficient and effective processes and technologies led to increased costs due to manual asset tracking are likely to restraint the growth of the market.
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
The leading players in the global utility asset management market include Siemens AG, General Electric Company, ABB Ltd, Sentient Energy, Inc., Emerson Electric Co., S&C Electric Company, Lindsey Manufacturing Co., Aclara Technologies LLC, Netcontrol OY and Enetics Inc. Contracts and agreements was the strategy most frequently adopted by leading players. GLOBAL UTILITY ASSET MANAGEMENT MARKET, 2016 - 2024 (USD MILLION)
2016
2017
2018
2019
2020
2021
2022
2023
2024
Value
Utility asset management market is expected to experience rapid growth globally. However, the market size in terms of value is expected to grow at a higher rate due to up gradation of old infrastructure and increasing smart investment in this market. The global market size of utility asset management in terms of value was USD X.X billion in 2016.
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL UTILITY ASSET MANAGEMENT MARKET, CAGR (USD MN) GROWTH BY REGIONS (2018 – 2024)
X.X
X.X
2018
2024
X.X
X.X
2018
2024 X.X
X.X
2018
2024
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2018 – 2024. North America has dominated the market due to aging infrastructure, downward pressure on rates and rising customer expectations for reliability in this region. Market Overview & Competitiveness DRO Analysis DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global utility asset management market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
present the investment options and new markets for the market players in the utility asset management market. Drivers refer to the factors that are expected to drive or boost the market size or demand for utility asset management. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of utility asset management market both in short run and long run. DRIVERS OF UTILITY ASSET MANAGEMENT MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
Driver 1 Driver 2 Driver 3
HIGH
MEDIUM
LOW
RESTRAINTS OF UTILITY ASSET MANAGEMENT MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
RESTRAINTS
MID TERM IMPACT
LONG TERM IMPACT
Restraint 1
Restraint 2
HIGH
MEDIUM
LOW
IGR- Growth Matrix Analysis Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better © Infinium Global Research
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate
Opportunity Zone
Consolidation Zone
High
Low
Risky Zone
Retention Zone Market Size Low
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High North America
Europe
Asia-Pacific
RoW
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL UTILITY ASSET MANAGEMENT MARKET BY APPLICATION, 2017- 2024 (REVENUE % SHARE) 2017
2024
Transformer
Sub-Station
Transmission & Distribution Lines
GLOBAL UTILITY ASSET MANAGEMENT MARKET BY APPLICATION, 2016 - 2024 (USD MILLION)
2016
2017 Transformer
© Infinium Global Research
2018 Sub-Station
2024
Transmission & Distribution Lines
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL TRANSFORMER MARKET BY REGIONS, 2016 - 2024 (USD MILLION)
2016
2017 North America
2018 Europe
Asia-Pacific
2024
RoW
GLOBAL SUB-STATION MARKET BY REGIONS, 2016 - 2024 (USD MILLION)
2016
2017 North America
© Infinium Global Research
2018 Europe
Asia-Pacific
2024
RoW
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL TRANSMISSION & DISTRIBUTION LINES MARKET BY REGIONS, 2016 - 2024 (USD MILLION)
2016
2017 North America
2018 Europe
Asia-Pacific
2024
RoW
GLOBAL UTILITY ASSET MANAGEMENT MARKET BY REGION, 2017- 2024 (REVENUE % SHARE) 2017
2024
North America
Europe
Asia-Pacific
RoW
© Infinium Global Research
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
GLOBAL UTILITY ASSET MANAGEMENT MARKET BY REGION, 2016 - 2024 (USD MILLION)
2016
2017
2018
North America
Europe
Asia-Pacific
2024
RoW
NORTH AMERICA UTILITY ASSET MANAGEMENT MARKET BY APPLICATION, 2016 - 2024 (USD MILLION)
2016
2017 Transformer
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2018 Sub-Station
2024
Transmission & Distribution Lines
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Utility Asset Management Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024
Company Profiling Siemens AG Company Snapshot
Siemens AG CONTACT DETAILS: Address: Werner-von-Siemens-Strasse 1 Munich, 80333 Germany Tele: 49 89 636 00 Website: www.siemens.com
KEY FEATURES: No. of Employees: xx No. of countries of operation: xx
SWOT ANALYSIS: STRENGHTS Sample text Sample text
OPPORTUNITIES Sample text Sample text
WEAKNESS Sample text Sample text
THREATS Sample text Sample text
PRODUCT PORTFOLIO: Product 1 Product 2 Product 3
Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-utility-assetmanagement-market © Infinium Global Research
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