The Utility Asset Management 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 Utility Asset Management Market?
The size of the utility asset management market has seen a swift expansion in the past few years. The market was worth $4.97 billion in 2024, and it is predicted to increase to $5.56 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Utility Asset Management Industry?
The market size for the Utility Asset Management Global Market is projected to reach $8.15 billion in 2029, growing with a compound annual growth rate (CAGR) of 10.0%.
Download Your Free Sample of the 2025 Utility Asset Management Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Utility Asset Management Market?
The key drivers in the utility asset management market are:
• The integration of smart grid technology
• Increasing incorporation of renewable energy sources
• The use of predictive maintenance and data analytics
• Enhanced focus on resilience and disaster preparedness.
Global Market Segmentation: Identifying Major Utility Asset Management Industry Segments
The utility asset management market covered in this report is segmented –
1) By Type: Public Utility, Private Utility
2) By Component: Hardware, Software, Services
3) By Application: Electric, Gas, Water
Pre-order the 2025 Utility Asset Management Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Utility Asset Management Market?
The key trends in the utility asset management market are:
• Adoption of advanced analytics and artificial intelligence is a key emerging trend.
• IoT and sensor integration is influencing the change in the utility asset management market.
• There is a shift towards predictive maintenance in the industry.
• A focus on cybersecurity and data privacy has become significantly relevant.
Who Are the Top Competitors & Leading Players in the Utility Asset Management Market?
Major companies in the utility asset management market are:
• Siemens AG
• International Business Machines Corporation
• General Electric Company
• Oracle Corporation
• Schneider Electric SE
• SAP SE
• ASEA Brown Boveri
• Jacobs Solutions Inc.
• Emerson Electric Co.
• CGI Inc.
• John Wood Group PLC
• Hexagon AB
• Black & Veatch
• Arcadis NV
• Mott MacDonald
• GHD Group Pty Ltd.
• Environmental Systems Research Institute
• Bentley Systems
• Industrial and Financial Systems
• Accruent
• Infor
• Sensus Metering Systems
Regional Dominance: Which Area Leads the Global Utility Asset Management Market?
North America was the largest region in the utility asset management market in 2024
