The Asia Pacific Digital Utility Market would witness market growth of 10.6% CAGR during the forecast period (2023-2030).
One of the primary drivers compelling utilities to adopt digital technologies is the promise of operational efficiency. Digital utility solutions, such as smart grids and advanced metering infrastructure, enable utilities to monitor, analyze, and optimize their operations in real-time. This leads to streamlined processes, reduced downtime, and improved system efficiency. Integrating renewable energy sources like solar and wind requires sophisticated grid management and control systems. Digital solutions enable utilities to seamlessly incorporate these intermittent energy sources into the grid, contributing to a more sustainable and resilient energy infrastructure.
Increasing consumer awareness and demands for transparency are prompting utilities to adopt digital solutions that enhance customer engagement. Consumer-centric applications, like interactive platforms and mobile apps, empower end-users to monitor their energy usage, receive real-time information, and participate in energy-saving initiatives. Meeting these expectations is crucial for utilities looking to build positive relationships with their customer base. The technologies enable real-time monitoring and control of power grids. Smart grids utilize sensors, communication networks, and advanced analytics to gather data on grid conditions, allowing utilities to optimize energy distribution, identify faults, and respond quickly to fluctuations in demand.
As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Digital Utility Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $33,061 million by 2030. The Japan market is experiencing a CAGR of 9.8% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 11.3% during (2023 - 2030).
Free Valuable Insights: The Global Digital Utility Market is Predict to reach $380.9 Billion by 2030, at a CAGR of 10.2%
Based on Technology, the market is segmented into Hardware, and Integrated Solutions. Based on Network, the market is segmented into Generation, Transmission & Distribution, and Retail. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Cognizant Technology Solutions Corporation
- Accenture PLC
- Capgemini SE
- ABB Ltd.
- General Electric Company
- Siemens AG
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- IBM Corporation
Asia Pacific Digital Utility Market Report Segmentation
By Technology
- Hardware
- Integrated Solutions
By Network
- Generation
- Transmission & Distribution
- Retail
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Digital Utility Market, by Technology
1.4.2 Asia Pacific Digital Utility Market, by Network
1.4.3 Asia Pacific Digital Utility Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, Nov) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Digital Utility Market, By Technology
5.1 Asia Pacific Hardware Market, By Country
5.2 Asia Pacific Integrated Solutions Market, By Country
Chapter 6. Asia Pacific Digital Utility Market, By Network
6.1 Asia Pacific Generation Market, By Country
6.2 Asia Pacific Transmission & Distribution Market, By Country
6.3 Asia Pacific Retail Market, By Country
Chapter 7. Asia Pacific Digital Utility Market, By Country
7.1 China Digital Utility Market
7.1.1 China Digital Utility Market, By Technology
7.1.2 China Digital Utility Market, By Network
7.2 Japan Digital Utility Market
7.2.1 Japan Digital Utility Market, By Technology
7.2.2 Japan Digital Utility Market, By Network
7.3 India Digital Utility Market
7.3.1 India Digital Utility Market, By Technology
7.3.2 India Digital Utility Market, By Network
7.4 South Korea Digital Utility Market
7.4.1 South Korea Digital Utility Market, By Technology
7.4.2 South Korea Digital Utility Market, By Network
7.5 Singapore Digital Utility Market
7.5.1 Singapore Digital Utility Market, By Technology
7.5.2 Singapore Digital Utility Market, By Network
7.6 Malaysia Digital Utility Market
7.6.1 Malaysia Digital Utility Market, By Technology
7.6.2 Malaysia Digital Utility Market, By Network
7.7 Rest of Asia Pacific Digital Utility Market
7.7.1 Rest of Asia Pacific Digital Utility Market, By Technology
7.7.2 Rest of Asia Pacific Digital Utility Market, By Network
Chapter 8. Company Profiles
8.1 Cognizant Technology Solutions Corporation
8.1.1 Company overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Product Launches and Product Expansions:
8.1.4.2 Acquisition and Mergers:
8.1.5 SWOT Analysis
8.2 Accenture PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Capgemini SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Acquisition and Mergers:
8.3.5 SWOT Analysis
8.4 ABB Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Siemens AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Microsoft Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Oracle Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 SAP SE
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.6 SWOT Analysis
8.10. IBM Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional & Segmental Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Acquisition and Mergers:
8.10.6 SWOT Analysis
TABLE 1 Asia Pacific Digital Utility Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Digital Utility Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Utility Market
TABLE 4 Product Launches And Product Expansions– Digital Utility Market
TABLE 5 Acquisition and Mergers– Digital Utility Market
TABLE 6 Asia Pacific Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 7 Asia Pacific Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 8 Asia Pacific Hardware Market, By Country, 2019 - 2022, USD Million
TABLE 9 Asia Pacific Hardware Market, By Country, 2023 - 2030, USD Million
TABLE 10 Asia Pacific Integrated Solutions Market, By Country, 2019 - 2022, USD Million
TABLE 11 Asia Pacific Integrated Solutions Market, By Country, 2023 - 2030, USD Million
TABLE 12 Asia Pacific Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 13 Asia Pacific Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 14 Asia Pacific Generation Market, By Country, 2019 - 2022, USD Million
TABLE 15 Asia Pacific Generation Market, By Country, 2023 - 2030, USD Million
TABLE 16 Asia Pacific Transmission & Distribution Market, By Country, 2019 - 2022, USD Million
TABLE 17 Asia Pacific Transmission & Distribution Market, By Country, 2023 - 2030, USD Million
TABLE 18 Asia Pacific Retail Market, By Country, 2019 - 2022, USD Million
TABLE 19 Asia Pacific Retail Market, By Country, 2023 - 2030, USD Million
TABLE 20 Asia Pacific Digital Utility Market, By Country, 2019 - 2022, USD Million
TABLE 21 Asia Pacific Digital Utility Market, By Country, 2023 - 2030, USD Million
TABLE 22 China Digital Utility Market, 2019 - 2022, USD Million
TABLE 23 China Digital Utility Market, 2023 - 2030, USD Million
TABLE 24 China Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 25 China Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 26 China Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 27 China Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 28 Japan Digital Utility Market, 2019 - 2022, USD Million
TABLE 29 Japan Digital Utility Market, 2023 - 2030, USD Million
TABLE 30 Japan Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 31 Japan Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 32 Japan Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 33 Japan Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 34 India Digital Utility Market, 2019 - 2022, USD Million
TABLE 35 India Digital Utility Market, 2023 - 2030, USD Million
TABLE 36 India Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 37 India Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 38 India Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 39 India Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 40 South Korea Digital Utility Market, 2019 - 2022, USD Million
TABLE 41 South Korea Digital Utility Market, 2023 - 2030, USD Million
TABLE 42 South Korea Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 43 South Korea Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 44 South Korea Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 45 South Korea Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 46 Singapore Digital Utility Market, 2019 - 2022, USD Million
TABLE 47 Singapore Digital Utility Market, 2023 - 2030, USD Million
TABLE 48 Singapore Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 49 Singapore Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 50 Singapore Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 51 Singapore Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 52 Malaysia Digital Utility Market, 2019 - 2022, USD Million
TABLE 53 Malaysia Digital Utility Market, 2023 - 2030, USD Million
TABLE 54 Malaysia Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 55 Malaysia Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 56 Malaysia Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 57 Malaysia Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 58 Rest of Asia Pacific Digital Utility Market, 2019 - 2022, USD Million
TABLE 59 Rest of Asia Pacific Digital Utility Market, 2023 - 2030, USD Million
TABLE 60 Rest of Asia Pacific Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 61 Rest of Asia Pacific Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 62 Rest of Asia Pacific Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 63 Rest of Asia Pacific Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 64 Key Information – Cognizant Technology Solutions Corporation
TABLE 65 Key Information – Accenture PLC
TABLE 66 Key Information – Capgemini SE
TABLE 67 Key Information – ABB Ltd.
TABLE 68 Key Information – General Electric Company
TABLE 69 Key Information – Siemens AG
TABLE 70 Key Information – Microsoft Corporation
TABLE 71 Key Information – Oracle Corporation
TABLE 72 Key Information – SAP SE
TABLE 73 Key Information – IBM Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Digital Utility Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Digital Utility Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, Nov) Leading Players
FIG 7 Porter’s Five Forces Analysis – Digital Utility Market
FIG 8 Asia Pacific Digital Utility Market share, By Technology, 2022
FIG 9 Asia Pacific Digital Utility Market share, By Technology, 2030
FIG 10 Asia Pacific Digital Utility Market, By Technology, 2019 - 2030, USD Million
FIG 11 Asia Pacific Digital Utility Market share, By Network, 2022
FIG 12 Asia Pacific Digital Utility Market share, By Network, 2030
FIG 13 Asia Pacific Digital Utility Market, By Network, 2019 - 2030, USD Million
FIG 14 Asia Pacific Digital Utility Market share, By Country, 2022
FIG 15 Asia Pacific Digital Utility Market share, By Country, 2030
FIG 16 Asia Pacific Digital Utility Market, By Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Cognizant Technology Solutions Corporation
FIG 18 Swot analysis: cognizant technology solutions corporation
FIG 19 SWOT Analysis: Accenture PLC
FIG 20 Recent strategies and developments: Capgemini SE
FIG 21 SWOT Analysis: Capgemini SE
FIG 22 Recent strategies and developments: ABB Ltd.
FIG 23 SWOT Analysis: ABB ltd.
FIG 24 SWOT Analysis: General Electric Company
FIG 25 Recent strategies and developments: Siemens AG
FIG 26 SWOT Analysis: Siemens AG
FIG 27 SWOT Analysis: Microsoft Corporation
FIG 28 SWOT Analysis: Oracle Corporation
FIG 29 SWOT Analysis: SAP SE
FIG 30 Recent strategies and developments: IBM Corporation
FIG 31 SWOT Analysis: IBM Corporation