The North America Utilities Asset Management Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
There are many facilities where electric, gas, and water use are monitored. Their usefulness is reflected in their bills since they generate enormous costs. The program for managing assets can record daily use. It permits administrators to establish a daily restriction. When this daily limit is going to be exceeded, a notification is sent to the management. This program also gives utility usage data and analyses.
These studies assist in identifying cost-effective methods for reducing utility use. Developing budget projections using historical utility use data. Future utility usage can be estimated for utility management. The reports contain statistics, and the data may be used to save money and prevent wastage or excessive utility consumption.
Asset Management is the systematic process of running, maintaining, improving, and disposing of assets while maintaining satisfactory customer service. The mission of NHDES is to offer a centralized site to give communities information, technical help, and financing possibilities to aid in the establishment of sustainable asset management programs (AMP).
According to the 2017 electric power sector study conducted by the U.S. Energy Information Administration (EIA), about 3,000 electric distribution businesses or utilities were operating in the United States. Included under the category of publicly owned utilities, or POUs, are federal, state, and municipal utilities. In addition to government institutions, political subdivisions may establish POUs, also known as public utility districts, which are utilities voted into existence by citizens and that function independently of city or country administration. Each POU in the United States serves an average of 12,100 electrical users which propels the growth of the utilities asset management market in this region.
The US market dominated the North America Utilities Asset Management Market by Country in 2021; thereby, achieving a market value of $1,956.8 million by 2028. The Canada market is experiencing a CAGR of 12.2% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 11.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Utilities Asset Management Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Utilities Asset Management Market, by Component
1.4.2 North America Utilities Asset Management Market, by Utility Type
1.4.3 North America Utilities Asset Management Market, by Application
1.4.4 North America Utilities Asset Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisitions and Mergers : 2020, Nov – 2022, Aug) Leading Players
Chapter 4. North America Utilities Asset Management Market by Component
4.1 North America Hardware Market by Country
4.2 North America Utilities Asset Management Market by Hardware Type
4.2.1 North America Sensors Market by Country
4.2.2 North America Cameras Market by Country
4.2.3 North America Others Market by Country
4.3 North America Software Market by Country
4.4 North America Services Market by Country
Chapter 5. North America Utilities Asset Management Market by Utility Type
5.1 North America Public Utilities Market by Country
5.2 North America Private Utilities Market by Country
Chapter 6. North America Utilities Asset Management Market by Application
6.1 North America Transmission & Distribution Lines Market by Country
6.2 North America Sub-station Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Utilities Asset Management Market by Country
7.1 US Utilities Asset Management Market
7.1.1 US Utilities Asset Management Market by Component
7.1.1.1 US Utilities Asset Management Market by Hardware Type
7.1.2 US Utilities Asset Management Market by Utility Type
7.1.3 US Utilities Asset Management Market by Application
7.2 Canada Utilities Asset Management Market
7.2.1 Canada Utilities Asset Management Market by Component
7.2.1.1 Canada Utilities Asset Management Market by Hardware Type
7.2.2 Canada Utilities Asset Management Market by Utility Type
7.2.3 Canada Utilities Asset Management Market by Application
7.3 Mexico Utilities Asset Management Market
7.3.1 Mexico Utilities Asset Management Market by Component
7.3.1.1 Mexico Utilities Asset Management Market by Hardware Type
7.3.2 Mexico Utilities Asset Management Market by Utility Type
7.3.3 Mexico Utilities Asset Management Market by Application
7.4 Rest of North America Utilities Asset Management Market
7.4.1 Rest of North America Utilities Asset Management Market by Component
7.4.1.1 Rest of North America Utilities Asset Management Market by Hardware Type
7.4.2 Rest of North America Utilities Asset Management Market by Utility Type
7.4.3 Rest of North America Utilities Asset Management Market by Application
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 General Electric (GE) Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Siemens AG
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 Eaton Corporation PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 IBM Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expenses
8.7 Fujitsu Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 SWOT Analysis
8.8 S&C Electric Company
8.8.1 Company Overview
8.9 IFS AB
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Acquisition and Mergers:
8.10. Getac Technology Corporation
8.10.1 Company Overview
TABLE 1 North America Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 11 North America Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 12 North America Sensors Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Sensors Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Cameras Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Cameras Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 23 North America Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 24 North America Public Utilities Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Public Utilities Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Private Utilities Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Private Utilities Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 29 North America Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 30 North America Transmission & Distribution Lines Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Transmission & Distribution Lines Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Sub-station Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Sub-station Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Utilities Asset Management Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Utilities Asset Management Market by Country, 2022 - 2028, USD Million
TABLE 38 US Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 39 US Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 40 US Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 41 US Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 42 US Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 43 US Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 44 US Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 45 US Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 46 US Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 47 US Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 48 Canada Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 49 Canada Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 50 Canada Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 51 Canada Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 52 Canada Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 53 Canada Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 54 Canada Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 55 Canada Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 56 Canada Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 57 Canada Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 58 Mexico Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 59 Mexico Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 60 Mexico Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 61 Mexico Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 62 Mexico Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 63 Mexico Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 64 Mexico Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 65 Mexico Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 66 Mexico Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 67 Mexico Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 68 Rest of North America Utilities Asset Management Market, 2018 - 2021, USD Million
TABLE 69 Rest of North America Utilities Asset Management Market, 2022 - 2028, USD Million
TABLE 70 Rest of North America Utilities Asset Management Market by Component, 2018 - 2021, USD Million
TABLE 71 Rest of North America Utilities Asset Management Market by Component, 2022 - 2028, USD Million
TABLE 72 Rest of North America Utilities Asset Management Market by Hardware Type, 2018 - 2021, USD Million
TABLE 73 Rest of North America Utilities Asset Management Market by Hardware Type, 2022 - 2028, USD Million
TABLE 74 Rest of North America Utilities Asset Management Market by Utility Type, 2018 - 2021, USD Million
TABLE 75 Rest of North America Utilities Asset Management Market by Utility Type, 2022 - 2028, USD Million
TABLE 76 Rest of North America Utilities Asset Management Market by Application, 2018 - 2021, USD Million
TABLE 77 Rest of North America Utilities Asset Management Market by Application, 2022 - 2028, USD Million
TABLE 78 Key Information – ABB Group
TABLE 79 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 80 Key information – Schneider Electric SE
TABLE 81 Key Information – Siemens AG
TABLE 82 key information – Eaton Corporation PLC
TABLE 83 Key information – IBM Corporation
TABLE 84 Key Information – Fujitsu Limited
TABLE 85 Key information – S&C Electric Company
TABLE 86 Key Information – IFS AB
TABLE 87 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