DUBLIN–(BUSINESS WIRE)–The “North America Utilities Asset Management Market Size, Share & Industry Trends Analysis Report by Component, Utility Type, Application (Transmission & Distribution Lines, Sub-station, and Others), Country and Growth Forecast, 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The North America Utilities Asset Management Market should 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.
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
- S&C Electric Company
Key Topics Covered:
Chapter 1. Market Scope & Methodology
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 The 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
7.3 Mexico Utilities Asset Management Market
7.4 Rest of North America Utilities Asset Management Market
Chapter 8. Company Profiles
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