San Francisco, California, May 15, 2018: The persisting rise in the demand for digital utility systems is attributable to the rising need for rapid digitization and green energy. Furthermore, the growing penetration of digital technologies in the energy sector, especially across emerging nations, is likely to underpin growth in the global digital utility market. TMR Research has published a report, titled “Digital Utility Market – Global Industry Analysis, Market Size, Share, Trends Analysis, Growth and Forecast 2017 – 2025,” which studies in detail various factors influencing the market’s trajectory. The report offers exhaustive information on the global digital utility market besides valuable insights from industry experts.
According to the report, the global digital utility market is expected to gain significantly from the rising number of projects related to renewable and distributed power generation systems. Furthermore, stringent mandates requiring industries to curb emissions will accelerate the demand for digital utility solutions. These solutions enable power generation plants manage their operations more efficiently. In addition to this, stringent regulations imposed across nations encouraging the use of renewable sources of energy are likely to pave way for the growth of the market in the near future.
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As per TMR research, the rising adoption of digital devices has spurred information exchange, which in turn is fuelling the demand for digital utility. Besides this, the rising demand for protective maintenance and more efficient information exchange is likely to give impetus to the global digital utility market. Considering this, the development of smart cities has fuelled the requirement for improved distribution and productivity of power utilities. This will in turn boost the global digital utility market.
The report studies growth drivers and restrains affecting growth in the global digital utility market in detail. Besides this, it profiles some of the leading players operating therein. These companies are General Electric Company, ABB Ltd., Capgemini S.A., Oracle Corporation, Accenture plc, SAP SE, and Siemens AG.