Digital Utility Market Size, Industry Trends, Leading Players, Share and Forecast 2021-2027

The Global Digital Utility Market size is expected to grow at an annual average of 10.3% during 2021-2027. Growing population and growing consumer demand for electricity are putting pressure on the power generation industry. Existing business models have proven to be unable to meet the exponentially growing demand for power generation, transmission and distribution. A digital revolution is needed in the power industry, where renewable energy, smart grid, and distributed generation capabilities have sparked new business models and regulatory frameworks. A variety of challenges thrive and demand a change in the utility industry, leading to the digital utility sector.

The following players are covered in this report:

By Network

• Generation
• Transmission and Distribution
• Retail

By Technology

• Hardware
• Integrated Solutions