Digital Utility Market to exceed $244.31 Billion by 2022

Digital Utility Market
The global digital utility market is expected to grow from an estimated $135.16 billion in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The North America is currently the largest market for digital utility, closely followed by the Europe and Asia-Pacific market. However, by 2022, the market in Asia-Pacific is projected to gain the largest share. The Digital utility...

Digital Utility Market to Cross $244.31 Billion by 2022

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The global digital utility market is expected to grow from an estimated $135.16 billion in 2017 to $244.31 billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The North America is currently the largest market for digital utility, closely followed by the Europe and Asia-Pacific market. However, by 2022, the market in Asia-Pacific is projected to gain the largest share. The Digital utility...

Need to enhance productivity and efficiency expected to boost digital utility industry

The utility industry is on the verge of transformation, mainly driven by the advancements in technology. Changing consumer demands and lucrative opportunities in renewable energy production are leading the companies to invest in alternative sources and upgrade their infrastructure. Digital technologies such as smart meters and smart grids form the basis of digital utility. The growth of digital utilities...