Home
Energy & Power
Utility
Smart Utilities Management Market Size, Share, Analysis 2031

Smart Utilities Management Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - by Types (Energy Monitoring/Management, Meter Data Management System, and Smart Distribution Management), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

EP-3645
4.2 Rating
165 Pages

Upcoming
61 Reviews

Author :

Aamir Ansari

Fact-checked by :

Vineet Pandey

Editor :

Swapnil Hedau

Report Description

The Global Smart Utilities Management Market size was valued at USD 18.38 Billion in 2022 and is expected to surpass USD 75.51 Billion by 2031, expanding at a CAGR of 17% during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing importance of smartening the power grid system for smart management of power & energy.

Smart Utility Management System is the solution designed to aid in management of the utility infrastructure. The system uses water, electricity, and gas data to capture insights and meet the sustainability requirements and increase the efficiency targets. The smart utility management sector is one of the top industries vertical that effectively serves the large customer bases.

The smart utility management sector plays a vital role in the socio-economic development of the region. The government is the major stakeholder of the smart utilities market, while very few private firms also serve the market. The increasing competition in the utilities sector in recent years has necessitated modifications in regulatory agendas and proprietorship structures of the organizations.

The effective utility management system aids in the utility sector to respond the existing and forthcoming challenges. The smart utilities management system also helps the utilities sector to enhance the maintenance of the infrastructure and increase the performance in critical sections.

Market Trends, Drivers, Restraints, and Opportunities

Growing integration of cloud technologies, rising innovation in battery technology, and increasing use of smart devices are the key factors anticipated to fuel the growth of the market in the coming years.
Increasing development of consumer model and rising decentralized power generation systems are expected to spur the market growth during the forecast period.
Rising adoption of Waste-to-Power and Rooftop Solar PV technologies is expected to propel the market expansion during the projected timeline.
Advent of renewable energy, climate change policies, changing customer behavior, oil price volatility, and cost containment pressure are anticipated to hamper the market growth in the coming years.
Increasing industrial investments for technological advancement for effective utilization of energy is expected to offer immense opportunities for the market players in the long run.

Scope of Smart Utilities Management Market Report

The report on the global smart utilities management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Smart Utilities Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023–2031
Segmentation	Types (Energy Monitoring/Management, Meter Data Management System, and Smart Distribution Management)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Atos SE; IBM Corporation; Siemens AG; Honeywell International Inc.; and ABB Ltd

Smart Utilities Management Market Segment Insights

Meter data management system segment is projected to hold a significant market share

On the basis of types, the market is segregated into energy monitoring/management, meter data management system, and smart distribution management. The meter data management system segment is projected to hold a significant market share during the forecast period due to the increasing demand for advanced metering infrastructure for meeting administrative requirements, green power initiatives, and business benefits.

Furthermore, the government support for the deployment of AMI to automate the existing operations and boost technological growth are anticipated to fuel the market segment in the coming years. However, the energy monitoring/management segment is anticipated to expand at a considerable pace owing to the rising demand for smart grid systems for achieving high efficiency and cost savings. Moreover, the increased the demand for water and gas distribution utilities is anticipate the growth of the market segment during the forecast period.

Asia Pacific market is anticipated to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a significant CAGR during the forecast period owing to the growing demand for implementation of projects such as smart cities and smart grids. Moreover, the region is expected to continue its dominance in the market due to the increasing digitalization of technologies in communications, software, computing, and businesses mapping.

Furthermore, the increasing energy demand across the world, rising distribution of energy resources, and growing demand for reliable power is expected to expand the market in the coming years. On the other hand, the market in North America is expected to grow at a significant rate during the forecast period due to increasing demand for smart solutions that can be employed to manage various utilities such as smart gas management, smart water management, and smart grid management. Furthermore, the rising expansion of cities, increasing urbanization, and widespread adoption of green technology are expected to fuel the regional market growth during the projected period.

Segments

The global smart utilities management market has been segmented on the basis of

Types

Energy Monitoring/Management
Meter Data Management System
Smart Distribution Management

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Atos SE
IBM Corporation
Siemens AG
Honeywell International Inc.
ABB Ltd

Competitive Landscape

Key players competing in the global smart utilities management market are Atos SE; IBM Corporation; Siemens AG; Honeywell International Inc.; and ABB Ltd. The companies are focusing on business strategies and long-term agreements with other industry players for new product developments, acquisitions, expansions & investments to expand their market share.

In April 2019, Atos SE announced its achievement of Internet of Things (IoT) Partner Specialization in the Google Cloud Partner Specialization Program. The company aimed to prove its expertise and success in building customer solutions in the Internet of Things (IoT) field using Google Cloud Platform technology by earning the partner specialization.
In January 2019, Siemens AG announced its partnership with utilities of Canada. The company aimed to expand its research & development activities for technological advancement for electrical grid in Canada.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Utilities Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Utilities Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Utilities Management Market - Supply Chain
  4.5. Global Smart Utilities Management Market Forecast
     4.5.1. Smart Utilities Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Utilities Management Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Smart Utilities Management Market Absolute $ Opportunity
5. Global Smart Utilities Management Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Smart Utilities Management Market Size and Volume Forecast by Types
     5.3.1. Energy Monitoring/Management
     5.3.2. Meter Data Management System
     5.3.3. Smart Distribution Management
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Smart Utilities Management Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Utilities Management Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Utilities Management Demand Share Forecast, 2019-2026
7. North America Smart Utilities Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Utilities Management Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Utilities Management Market Size and Volume Forecast by Types
     7.4.1. Energy Monitoring/Management
     7.4.2. Meter Data Management System
     7.4.3. Smart Distribution Management
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Utilities Management Demand Share Forecast, 2019-2026
8. Latin America Smart Utilities Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Utilities Management Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Utilities Management Market Size and Volume Forecast by Types
     8.4.1. Energy Monitoring/Management
     8.4.2. Meter Data Management System
     8.4.3. Smart Distribution Management
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Utilities Management Demand Share Forecast, 2019-2026
9. Europe Smart Utilities Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Utilities Management Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Utilities Management Market Size and Volume Forecast by Types
     9.4.1. Energy Monitoring/Management
     9.4.2. Meter Data Management System
     9.4.3. Smart Distribution Management
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Utilities Management Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Utilities Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Utilities Management Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Utilities Management Market Size and Volume Forecast by Types
     10.4.1. Energy Monitoring/Management
     10.4.2. Meter Data Management System
     10.4.3. Smart Distribution Management
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Utilities Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Utilities Management Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Utilities Management Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Utilities Management Market Size and Volume Forecast by Types
     11.4.1. Energy Monitoring/Management
     11.4.2. Meter Data Management System
     11.4.3. Smart Distribution Management
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Utilities Management Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Utilities Management Market: Market Share Analysis
  12.2. Smart Utilities Management Distributors and Customers
  12.3. Smart Utilities Management Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Atos SE
     12.4.2. IBM Corporation
     12.4.3. Siemens AG
     12.4.4. Honeywell International Inc.
     12.4.5. ABB Ltd

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By