FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 59314
Companies: 14 – Players covered include ABB Group; Accenture PLC; Capgemini SE; Cisco Systems, Inc.; Eaton Corporation PLC; General Electric Company; IBM Corporation; Microsoft Corporation; Oracle Corporation; SAP SE; Schneider Electric SE; Siemens AG and Others.
Coverage: All major geographies and key segments
Segments: Network (Generation, Transmission and Distribution, Retail); Technology (Hardware, Integrated Solutions)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Digital Utility Market to Reach $330.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Digital Utility estimated at US$167.2 Billion in the year 2020, is projected to reach a revised size of US$330.4 Billion by 2026, growing at a CAGR of 11.9% over the analysis period. Generation, one of the segments analyzed in the report, is projected to record a 11.7% CAGR and reach US$110.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transmission and Distribution segment is readjusted to a revised 12.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $56.2 Billion in 2021, While China is Forecast to Reach $58.3 Billion by 2026
The Digital Utility market in the U.S. is estimated at US$56.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$58.3 Billion by the year 2026 trailing a CAGR of 11.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 10.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.
Retail Segment to Reach US$65.9 Billion by the year 2026
In the global Retail segment, USA, Canada, Japan, China and Europe will drive the 10.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$29 Billion in the year 2020 will reach a projected size of US$57.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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