The Digital Power Utility Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Digital Power Utility Market?
The size of the digital power utility market has seen incredible growth lately and it is projected to jump from $92.43 billion in 2024 to $110.98 billion in 2025. This represents a compound annual growth rate (CAGR) of 20.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Digital Power Utility Industry?
The Digital Power Utility Global Market is predicted to reach a total worth of $230.16 billion in 2029, with a compound annual growth rate (CAGR) of 20.0%.
Download Your Free Sample of the 2025 Digital Power Utility Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Digital Power Utility Market?
The key drivers in the digital power utility market are:
• Surge in energy demand due to increasing industrialization and urbanization
• Global growth of digitalization
• Rising requirement for renewable and green energy sources
• Technological advancements leading to the digitalization of power plants worldwide
Global Market Segmentation: Identifying Major Digital Power Utility Industry Segments
The digital power utility market covered in this report is segmented –
1) By Type: Hardware Service, Software Service
2) By Sector: Power Generation, Transmission And Distribution, Energy Storage, Energy Trading
3) By Organization Size: Large Enterprises, Small-sized Enterprises, Medium-sized Enterprises
Pre-order the 2025 Digital Power Utility Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Digital Power Utility Market?
The key trends in the digital power utility market are:
• Digitalization of power plants globally has emerged as a key trend.
• Ongoing technological advancements are notably shaping the future of digital power utility.
• Renewable energy integration and the growth of the renewable energy sector are increasingly significant.
• There is a sharp rise in demand for digital utility solutions due to rapid global digitalization.
Who Are the Top Competitors & Leading Players in the Digital Power Utility Market?
Major companies in the digital power utility market are:
• Microsoft Corporation
• Siemens AG
• General Electric Company
• Accenture PLC
• The International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Schneider Electric SE
• Honeywell International Inc.
• SAP SE
• ABB Ltd.
• Capgemini Ltd.
• Eaton Corporation plc
• Cognizant
• Infosys Ltd.
• Vestas Wind Systems A/S
• Emerson Electric Co.
• Hitachi Energy Ltd.
• Wipro Ltd.
• Siemens Gamesa Renewable Energy S.A.
• Rockwell Automation Inc.
• Nordex SE
• PTC Inc.
• National Instruments Corporation
• Mitsubishi Power Ltd.
• Toshiba Energy Systems & Solutions Corporation
Regional Dominance: Which Area Leads the Global Digital Power Utility Market?
North America was the largest region in the digital power utility market in 2024
