$3.2 Billion Worldwide Utility Asset Management Industry to 2027 - Impact of COVID-19 on the Market

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Dec 31, 2020, 17:00 ET

DUBLIN, Dec. 31, 2020 /PRNewswire/ -- The "Utility Asset Management - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Utility Asset Management Market to Reach $5.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Utility Asset Management estimated at US$3.2 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2027, growing at a CAGR of 6.9% over the analysis period 2020-2027.

Transformer, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sub-Station segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $939.6 Million, While China is Forecast to Grow at 6.4% CAGR

The Utility Asset Management market in the U.S. is estimated at US$939.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$887 Million by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.

Transmission & Distribution Lines Segment to Record 6.8% CAGR

In the global Transmission & Distribution Lines segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$656.6 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$583.7 Million by the year 2027.

Competitors identified in this market include, among others:

ABB Group
Aclara Technologies LLC
Cniguard Ltd.
Emersion Electric Co.
Enetics, Inc.
General Electric Company
Lindsay Manufacturing, Inc.
Netcontrol Oy
S&C Electric Company
Sentient Energy, Inc.
Siemens AG
Vaisala Oyj

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares
Utility Asset Management Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/a8ruoa

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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