The Asia Pacific Utilities Asset Management Market would witness market growth of 12.0% CAGR during the forecast period (2022-2028).
Utilities must discover a method to successfully employ big data approaches to understand the patterns, trends, and hidden relationships that lie at the base of asset status and component breakdowns. It is crucial to note that utilities acquire vast amounts of data each year. This work will concentrate on data gathering for asset condition monitoring and the issues of big data in maintenance, such as information capture, access, and processing.
Monitoring the condition of an asset consists of data collection, condition detection, asset audit, diagnosis, and decision-making. Therefore, it is essential to focus on gathering the correct data while simultaneously enhancing data quality. Condition monitoring technologies are becoming economically viable and may potentially be included in future utility infrastructure. However, asset managers and planners still lack simple methodologies or frameworks for determining what information is necessary to pick an effective condition monitoring system.
Condition monitoring data requirements may be classified into two categories: static and dynamic data. Static data is referred to asset data that characterizes the asset in its regular operational state. As its implies, it does not change over the asset's life cycle, and it is the type of registered data most frequently recorded.
China's energy future can be improved by the implementation of an energy-efficiency plan that converts waste heat into electricity. Combined heat and power (CHP) may be more widely adopted in China with the correct economic incentives and laws, significantly improving energy efficiency and decreasing carbon dioxide emissions from coal-generated electricity. In addition, the research assists Chinese authorities in reducing impediments to CHP adoption and educating stakeholders about its benefits.
The China market dominated the Asia Pacific Utilities Asset Management Market by Country in 2021; thereby, achieving a market value of $733.6 million by 2028. The Japan market is registering a CAGR of 11.3% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 12.7% during (2022 - 2028).
Based on Component, the market is segmented into Hardware (Sensors, Cameras, and Others), Software, and Services. Based on Utility Type, the market is segmented into Public Utilities and Private Utilities. Based on Application, the market is segmented into Transmission & Distribution Lines, Sub-station, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Utilities Asset Management Market is Projected to reach USD 8.4 Billion by 2028, at a CAGR of 11.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., ABB Group, Siemens AG, Eaton Corporation, IBM Corporation, Schneider Electric SE, Fujitsu Limited, IFS AB, Getac Technology Corporation and S&C Electric Company.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Utility Type
- Public Utilities
- Private Utilities
By Application
- Transmission & Distribution Lines
- Sub-station
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co.
- ABB Group
- Siemens AG
- Eaton Corporation
- IBM Corporation
- Schneider Electric SE
- Fujitsu Limited
- IFS AB
- Getac Technology Corporation
- S&C Electric Company
TABLE 1 Asia Pacific Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Utilities Asset Management Market
TABLE 4 Product Launches And Product Expansions – Utilities Asset Management Market
TABLE 5 Acquisition and Mergers – Utilities Asset Management Market
TABLE 6 Asia Pacific Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Sensors Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Sensors Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Cameras Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Cameras Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Software Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Software Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Public Utilities Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Public Utilities Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Private Utilities Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Private Utilities Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Transmission & Distribution Lines Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Transmission & Distribution Lines Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Sub-station Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Sub-station Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Utilities Asset Management Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Utilities Asset Management Market by Country, 2022 - 2028, USD Million
TABLE 38 China Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 39 China Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 40 China Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 41 China Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 42 China Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 43 China Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 44 China Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 45 China Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 46 China Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 47 China Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 48 Japan Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 49 Japan Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 50 Japan Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 51 Japan Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 52 Japan Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 53 Japan Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 54 Japan Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 55 Japan Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 56 Japan Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 57 Japan Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 58 India Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 59 India Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 60 India Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 61 India Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 62 India Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 63 India Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 64 India Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 65 India Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 66 India Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 67 India Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 68 South Korea Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 69 South Korea Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 70 South Korea Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 71 South Korea Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 72 South Korea Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 73 South Korea Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 74 South Korea Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 75 South Korea Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 76 South Korea Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 77 South Korea Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 78 Singapore Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 79 Singapore Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 80 Singapore Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 81 Singapore Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 82 Singapore Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 83 Singapore Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 84 Singapore Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 85 Singapore Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 86 Singapore Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 87 Singapore Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 88 Malaysia Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 89 Malaysia Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 90 Malaysia Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 91 Malaysia Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 92 Malaysia Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 93 Malaysia Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 94 Malaysia Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 95 Malaysia Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 96 Malaysia Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 97 Malaysia Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 98 Rest of Asia Pacific Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 99 Rest of Asia Pacific Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 100 Rest of Asia Pacific Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 101 Rest of Asia Pacific Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 102 Rest of Asia Pacific Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 103 Rest of Asia Pacific Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 104 Rest of Asia Pacific Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 105 Rest of Asia Pacific Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 106 Rest of Asia Pacific Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 107 Rest of Asia Pacific Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 108 Key Information – ABB Group
TABLE 109 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 110 Key information – Schneider Electric SE
TABLE 111 Key Information – Siemens AG
TABLE 112 key information – Eaton Corporation PLC
TABLE 113 Key information – IBM Corporation
TABLE 114 Key Information – Fujitsu Limited
TABLE 115 Key information – S&C Electric Company
TABLE 116 Key Information – IFS AB
TABLE 117 Key Information – Getac Technology Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisitions and Mergers : 2020, Nov – 2022, Aug) Leading Players
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: General Electric (GE) Co.
FIG 8 Swot analysis: General electric (GE) Co.
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Swot analysis: Siemens AG
FIG 11 SWOT Analysis: Fujitsu Limited