Digital Power Utility Market Analysis, Industry Size, Business Development, Share, End User Analysis, Development, Trend, Business Opportunity, Future Growth, Forecast To 2023

(The Express Wire via Comtex)

Global "Digital Power Utility Market" evaluates major aspects of the market as well as trade size, share, market standing, key trends, and forecast 2023. The report provides info concerning the industry's high competitors and growth opportunities with key market drivers. This report includes Associate in tending assessment of those drivers, restraints, government policies, technological innovations, opportunities, and future technologies. The report fastidiously analyses all the essential aspects of the Digital Power Utility market and provides an in depth summary of the expansion prospects. Also, the report covers current and future market insights, trends, competitive landscape, and forecasts that square measure more divided by key geographies and segments.

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List Of TOP KEY PLAYERS in Digital Power Utility Market Report are:-

● General Electric Co.
● And Others

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

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About Digital Power Utility Market:

The concept of digitalizing power utilities is gaining pace amidst recent technological advancements in power sector. Utilities are known as slow adopters when it comes to technology while government regulations have largely dis-incentivized the adoption of latest technology and planning processes. Several power utilities across the world have now learnt the advantages and importance of digitalization which are much prevalent in other industries. Today, several startups and big companies provide technologies and platforms that allow power producers, utilities and other companies in the energy sector to reduce their operating costs, increase revenues and exploit new business opportunities. Some of the key benefits for power utilities by going digital are optimized operation and maintenance, efficient asset management, managing electricity loads, higher customer satisfaction due to the higher predictability of energy ecosystem.

Increase in Renewable Energy Sector and Renewable Integration- Driving the Digital Power Utility MarketThe last two decades have shown some remarkable transition in the power sector. A shift from conventional power centric policies to renewable focused policies by several nations have resulted in a significant rise in renewable energy share in the global energy mix. The next big change to impact the power sector is the rapid adoption of digital platforms, and the renewable sector is an early adopter of this technology. Along with several other advantages, digitalization can also help integrate variable renewables by enabling grids to better match energy demand to times when the sun is shining, and the wind is blowing. Digitalization can further facilitate the development of distributed energy resources, such as household solar PV panels and storage, by creating better incentives and making it easier for producers to store and sell surplus electricity to the grid. New tools such as blockchain could help to facilitate peer-to-peer electricity trade within local energy communities. Among all the renewable power generation technologies available in the world, the solar and wind have shown potential growth, attracting significant government spending. The policy landscape of governments and associations all over the world are focused primarily on these renewable power sources.

North America – Among the early adopter of digitalizationNorth American countries such as the US and Canada are among the few first countries to strengthen its power utilities using digital platforms. Digital transformation in North America is driving utilities to change their business and operating and information models. Further, North American power utility market is highly competitive, and any value addition to its existing services means a great deal to its consumers. With the potential of cleaner energy supply coming from renewable energy and the surge in shale gas in North America, utilities are in a position where they must evolve their supply mix and innovate to protect their customer base.

US Department of Energy’s (DOE) SunShot initiative – An effective step towards digitalization of solar power industryThe US Department of Energy’s (DOE) SunShot initiative seeks to make solar cost-competitive with other forms of electricity. The initiative funds innovative projects by organizations, universities and national laboratories that drive down the cost of solar technology. The SunShot program has made several mapping applications open-source, in order to assist in siting decisions. PVMapper is an example of a geographical information system that takes into account site location, time zone, sun path and nearby weather station data, among other variables, to optimize the decisions on location and commissioning. Since SunShot's launched in 2011, the average price per kilowatt-hour of a utility-scale PV project has dropped from approximately USD 0.21 to USD 0.11, of which some value can be attributed to better siting. SunShot has achieved roughly 70% of the program's goal after only three years of the 10-year timeline, demonstrating the initiative's impact.

Key Developments in the Digital Power Utility MarketOctober 2017: General Electric and Microsoft enter into an IoT partnership to cater its North American customers. November 2017 onwards, North American customers and developers using Predix, GE’s software platform for the Industrial Internet, will be able to build powerful industrial apps on Azure, Microsoft’s cloud for businesses.

Digital Power Utility Market Major PlayersGeneral Electric Co.Siemens AGABB Ltd.Accenture PlcCapgemini SESap SEIBMMicrosoft CorporationOracle CorporationWipro LtdInfosys Ltd

Reasons to Purchase Digital Power Utility Market ReportCurrent and future digital power utility market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porter’s five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (in excel)

Customize Digital Power Utility Market ReportThis report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

Digital Power Utility market report explores the international and Chinese major Digital Power Utility players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2015-2021 Digital Power Utility market shares for each company.

After the basic information, the report sheds light on the production. Production plants, their capacities, global production, and revenue are studied. Also, the Digital Power Utility Sales growth in various regions and RandD status are also covered.

Global Digital Power Utility Market 2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Market Trend

● Growing research activities coupled with new product launches.

Market Driver

● High Opportunity of Digital Power Utility .

Market Challenge

● Complications associated with Digital Power Utility procedures.

The report provides key statistics on the market status of the Digital Power Utility manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Digital Power Utility .

Digital Power Utility Market Report Overview includes major players of the global Digital Power Utility Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report. The research report explores the Digital Power Utility market across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Digital Power Utility Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Digital Power Utility .

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast of the following regions are including:

● North America (United States, and Canada)
● Europe (France, UK)
● Asia-Pacific (China, Japan)
● South America (Brazil, Argentina)
● Middle East and Africa

Major Key Contents Covered in Digital Power Utility :

● Introduction of Digital Power Utility with development and status.
● Manufacturing Technology of Digital Power Utility with analysis and trends.
● Analysis of Global Digital Power Utility Key Manufacturers with Company Profile, Product Information, Production Information, and Contact Information.
● Analysis of Global and Chinese Digital Power Utility Capacity, Production, Production Value, Cost and Profit
● Analysis of Digital Power Utility with Comparison, Supply, Consumption, and Import, and Export.
● Digital Power Utility Analysis with Market Status and Market Competition by Companies and Countries.
● Digital Power Utility Market Forecast with Cost, Profit, Market Shares, Supply, Demands, Digital Power Utility market trend, Import and Export.
● Digital Power Utility Analysis of Industry Chain Structure, Upstream Raw Materials, Downstream Industry.

By knowing the potential of Digital Power Utility In Future, we come up with Digital Power Utility Market Research Report to provide Investors to achieve their goals in their respective field all over the world. The Digital Power Utility Report focuses on providing the best returns of an investment to investors.

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Table Of Content:

1. Executive Summary2. Research Methodology 2.1 Scope Of Study 2.2 Market Definition 2.3 Study Assumptions 2.4 Study Deliverables 2.5 Research Phases3. Digital Power Utility Market Overview 3.1 Introduction 3.2 Current Installed Power Capacity 3.3 Current Energy Mix 3.4 Current Electricity Production And Consumption 3.5 Recent Trends And Developments4. Investment Opportunities5. Government Policies, Regulations, And Targets6. Market Dynamics 6.1 Digital Power Utility Market Drivers 6.2 Digital Power Utility Market Restraints 6.3 Digital Power Utility Market Opportunities7. Digital Power Utility Market Value Chain Analysis8. Porter’s Five Forces Analysis 8.1 Bargaining Power Of Suppliers 8.2 Bargaining Power Of Consumers 8.3 Threat Of New Entrants 8.4 Threat Of Substitute Products And Services 8.5 Intensity Of Competitive Rivalry9. Global Digital Power Utility Market Analysis, By Technology (Market Overview, Installed Capacity And Forecast Until 2023) 9.1 Integrated Solutions 9.2 Hardware 10. Global Digital Power Utility Market Analysis, By Sector 10.1 Power Generation 10.2 Transmission And Distribution 10.3 Energy Storage 10.4 Energy Trading11. Global Digital Power Utility Market Analysis, By Geography 11.1 North America Digital Power Utility Market Analysis (2018-2023) 11.2 Asia-pacific Digital Power Utility Market Analysis (2018-2023) 11.3 Europe Digital Power Utility Market Analysis (2018-2023) 11.4 Middle East and Africa Digital Power Utility Market Analysis (2018-2023) 11.5 South America Digital Power Utility Market Analysis (2018-2023)12. Key Digital Power Utility Projects 12.1 Existing Projects 12.2 Upcoming Projects 12.3 Projects In Pipeline13. Digital Power Utility Market Key Company Profiles* (Overview, Products and Services, Financials**, Recent Developments) 13.1 General Electric Co. 13.2 Siemens AG 13.3 ABB Ltd. 13.4 Accenture Plc 13.5 Capgemini SE 13.6 Sap SE 13.7 IBM 13.8 Microsoft Corporation 13.9 Oracle Corporation 13.10 Wipro Ltd. 13.11 Infosys Ltd. * List of companies is not exhaustive. Please Let us know, if interested in any other company. ** 14. Digital Power Utility Market Competitive Landscape 14.1 Mergers and Acquisitions 14.2 Joint Ventures, Collaborations, And Agreements 14.3 Strategies Adopted By Leading Players15. Future of the Digital Power Utility Market16. Appendix

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