Utility Asset Management Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2022(Trending Report)

Japan, Japan, Thu, 06 Jan 2022 01:44:19 / Comserve Inc. / -- 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,

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

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.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Utility Asset Management Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2022(Trending Report)

The transformer sub-segment, is estimated to be the largest market in the application segment during the forecast period.
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.

"Asia Pacific: The fastest growing market for utility asset management system"
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.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 62%, Tier2- 23%, Tier 3- 15%
By Designation: Others- 40%, Director Level- 35%, C-Level- 25%
By Region: Asia Pacific- 42%, North America-29%, Europe-18%, RoW- 11%

Research Coverage:
For the purpose of this report, the market has been segmented on the basis of application, end-user, and region, with a focus on industry analysis (industry trends), market share analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the air quality monitoring software market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the air quality monitoring software market

• Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for air quality monitoring software market across regions

• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global air quality monitoring software market

• Competitive Assessment: In-depth vendor DIVE analysis of all the strategies, products, and manufacturing capabilities of the leading players in the global air quality monitoring software marketTABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKETS COVERED 15
1.4 YEARS CONSIDERED FOR THE STUDY 15
1.5 CURRENCY 16
1.6 LIMITATIONS 16
1.7 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 INTRODUCTION 17
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20

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