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The Global Market for Digital Power Utilities, Forecast to 2029: A $167+ Billion Opportunity Assessment, with Profiles of Key Players - General Electric, Siemens, ABB, Accenture, Capgemini...
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Size, Share, Trends, Opportunity, and Forecast, 2019-2029F" report has been added to ResearchAndMarkets.com's offering. The Global Digital Power Utility Market was valued at USD 56.91 billion in 2023, and is anticipated to project robust growth in the forecast period with a CAGR of 19.53% through 2029, reaching USD 167.47 billion. The digital power utility market is experiencing rapid growth, driven by the increasing integration of digital technologies in power generation, distribution, and consumption. Advancements in smart grid technologies, the adoption of Internet of Things (IoT) devices, and the implementation of artificial intelligence (AI) and machine learning for predictive maintenance and efficient energy management are key factors propelling this market. Utilities are transitioning towards digital solutions to enhance grid reliability, optimize energy distribution, and reduce operational costs. Additionally, the push for renewable energy sources and the need for real-t
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