The Latin America, Middle East and Africa Digital Utility Market would witness market growth of 11.7% CAGR during the forecast period (2023-2030).
Smart grids facilitate demand response programs, where consumers can adjust their electricity usage based on real-time pricing or signals from the utility. This not only helps in balancing the grid during peak demand but also encourages energy conservation among consumers. Digital utility technologies in AMI allow utilities and consumers to monitor energy consumption in real-time. This promotes consumer awareness, encourages energy conservation, and provides utilities with accurate billing and grid planning data.
Digital utility technologies support the integration of distributed energy resources (DERs), including solar panels, wind turbines, and energy storage systems. These decentralized resources contribute to a more resilient and flexible energy infrastructure, reducing dependence on centralized power plants. Digital solutions enable the creation and management of microgrids and localized energy systems that can operate independently or connect to the main grid. Microgrids enhance energy reliability, particularly in remote areas or during grid outages. Buildings equipped with digital controls and energy storage can interact with the grid, adjusting their energy usage based on grid conditions. This demand-side management contributes to grid stability and optimization.
Saudi Arabia has launched ambitious national programs to increase the share of renewable energy in its energy mix. The deployment of smart meters allows consumers in Saudi Arabia to monitor their energy consumption in real time. This includes energy generated from renewable sources, providing consumers with insights into their contribution to sustainability in Saudi Arabia. The push for renewable energy in Saudi Arabia includes encouraging solar rooftop installations. Saudi Arabia has set ambitious renewable energy targets for its Vision 2030 plan. As renewable energy infrastructure becomes more digitalized, robust cybersecurity measures are implemented to protect against potential cyber threats in Saudi Arabia. Secure communication protocols, encryption, and continuous monitoring contribute to the overall security of the renewable energy ecosystem in Saudi Arabia. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Digital Utility Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,002.7 million by 2030. The Argentina market is exhibiting a CAGR of 12.5% during (2023 - 2030). Additionally, The UAE market experience a CAGR of 11.4% during (2023 - 2030).
Free Valuable Insights: The Worldwide Digital Utility Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA Digital Utility Market Report Segmentation
By Technology
- Hardware
- Integrated Solutions
By Network
- Generation
- Transmission & Distribution
- Retail
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Digital Utility Market, by Technology
1.4.2 LAMEA Digital Utility Market, by Network
1.4.3 LAMEA 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. LAMEA Digital Utility Market, By Technology
5.1 LAMEA Hardware Market, By Country
5.2 LAMEA Integrated Solutions Market, By Country
Chapter 6. LAMEA Digital Utility Market, By Network
6.1 LAMEA Generation Market, By Country
6.2 LAMEA Transmission & Distribution Market, By Country
6.3 LAMEA Retail Market, By Country
Chapter 7. LAMEA Digital Utility Market, By Country
7.1 Brazil Digital Utility Market
7.1.1 Brazil Digital Utility Market, By Technology
7.1.2 Brazil Digital Utility Market, By Network
7.2 Argentina Digital Utility Market
7.2.1 Argentina Digital Utility Market, By Technology
7.2.2 Argentina Digital Utility Market, By Network
7.3 UAE Digital Utility Market
7.3.1 UAE Digital Utility Market, By Technology
7.3.2 UAE Digital Utility Market, By Network
7.4 Saudi Arabia Digital Utility Market
7.4.1 Saudi Arabia Digital Utility Market, By Technology
7.4.2 Saudi Arabia Digital Utility Market, By Network
7.5 South Africa Digital Utility Market
7.5.1 South Africa Digital Utility Market, By Technology
7.5.2 South Africa Digital Utility Market, By Network
7.6 Nigeria Digital Utility Market
7.6.1 Nigeria Digital Utility Market, By Technology
7.6.2 Nigeria Digital Utility Market, By Network
7.7 Rest of LAMEA Digital Utility Market
7.7.1 Rest of LAMEA Digital Utility Market, By Technology
7.7.2 Rest of LAMEA 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 LAMEA Digital Utility Market, 2019 - 2022, USD Million
TABLE 2 LAMEA 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 LAMEA Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 7 LAMEA Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 8 LAMEA Hardware Market, By Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Hardware Market, By Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Integrated Solutions Market, By Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Integrated Solutions Market, By Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 13 LAMEA Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 14 LAMEA Generation Market, By Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Generation Market, By Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Transmission & Distribution Market, By Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Transmission & Distribution Market, By Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Retail Market, By Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Retail Market, By Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Digital Utility Market, By Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Digital Utility Market, By Country, 2023 - 2030, USD Million
TABLE 22 Brazil Digital Utility Market, 2019 - 2022, USD Million
TABLE 23 Brazil Digital Utility Market, 2023 - 2030, USD Million
TABLE 24 Brazil Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 25 Brazil Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 26 Brazil Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 27 Brazil Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 28 Argentina Digital Utility Market, 2019 - 2022, USD Million
TABLE 29 Argentina Digital Utility Market, 2023 - 2030, USD Million
TABLE 30 Argentina Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 31 Argentina Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 32 Argentina Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 33 Argentina Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 34 UAE Digital Utility Market, 2019 - 2022, USD Million
TABLE 35 UAE Digital Utility Market, 2023 - 2030, USD Million
TABLE 36 UAE Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 37 UAE Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 38 UAE Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 39 UAE Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 40 Saudi Arabia Digital Utility Market, 2019 - 2022, USD Million
TABLE 41 Saudi Arabia Digital Utility Market, 2023 - 2030, USD Million
TABLE 42 Saudi Arabia Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 43 Saudi Arabia Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 44 Saudi Arabia Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 45 Saudi Arabia Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 46 South Africa Digital Utility Market, 2019 - 2022, USD Million
TABLE 47 South Africa Digital Utility Market, 2023 - 2030, USD Million
TABLE 48 South Africa Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 49 South Africa Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 50 South Africa Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 51 South Africa Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 52 Nigeria Digital Utility Market, 2019 - 2022, USD Million
TABLE 53 Nigeria Digital Utility Market, 2023 - 2030, USD Million
TABLE 54 Nigeria Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 55 Nigeria Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 56 Nigeria Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 57 Nigeria Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 58 Rest of LAMEA Digital Utility Market, 2019 - 2022, USD Million
TABLE 59 Rest of LAMEA Digital Utility Market, 2023 - 2030, USD Million
TABLE 60 Rest of LAMEA Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 61 Rest of LAMEA Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 62 Rest of LAMEA Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 63 Rest of LAMEA 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 LAMEA 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 LAMEA Digital Utility Market share, By Technology, 2022
FIG 9 LAMEA Digital Utility Market share, By Technology, 2030
FIG 10 LAMEA Digital Utility Market, By Technology, 2019 - 2030, USD Million
FIG 11 LAMEA Digital Utility Market share, By Network, 2022
FIG 12 LAMEA Digital Utility Market share, By Network, 2030
FIG 13 LAMEA Digital Utility Market, By Network, 2019 - 2030, USD Million
FIG 14 LAMEA Digital Utility Market share, By Country, 2022
FIG 15 LAMEA Digital Utility Market share, By Country, 2030
FIG 16 LAMEA 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