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Global Digital Power Utility Market 2021 is expected to register a CAGR of Growing rate%, during forecast period with Impact of Covid 19 Analysis

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Global “Digital Power Utility Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Digital Power Utility in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Digital Power Utility Market report categorizes the market based on manufacturers, regions, type, and application. Digital Power Utility Market reports offer a detailed assessment of the Digital Power Utility including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Digital Power Utility market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The concept of digitalizing power utilities is gaining pace amidst recent technological advancements in power sector. Utilities are known as slow adopters when it comes to technology while government regulations have largely dis-incentivized the adoption of latest technology and planning processes. Several power utilities across the world have now learnt the advantages and importance of digitalization which are much prevalent in other industries. Today, several startups and big companies provide technologies and platforms that allow power producers, utilities and other companies in the energy sector to reduce their operating costs, increase revenues and exploit new business opportunities. Some of the key benefits for power utilities by going digital are optimized operation and maintenance, efficient asset management, managing electricity loads, higher customer satisfaction due to the higher predictability of energy ecosystem.

Increase in Renewable Energy Sector and Renewable Integration- Driving the Digital Power Utility Market
The last two decades have shown some remarkable transition in the power sector. A shift from conventional power centric policies to renewable focused policies by several nations have resulted in a significant rise in renewable energy share in the global energy mix. The next big change to impact the power sector is the rapid adoption of digital platforms, and the renewable sector is an early adopter of this technology. Along with several other advantages, digitalization can also help integrate variable renewables by enabling grids to better match energy demand to times when the sun is shining, and the wind is blowing. Digitalization can further facilitate the development of distributed energy resources, such as household solar PV panels and storage, by creating better incentives and making it easier for producers to store and sell surplus electricity to the grid. New tools such as blockchain could help to facilitate peer-to-peer electricity trade within local energy communities. Among all the renewable power generation technologies available in the world, the solar and wind have shown potential growth, attracting significant government spending. The policy landscape of governments and associations all over the world are focused primarily on these renewable power sources.

North America – Among the early adopter of digitalization
North American countries such as the US and Canada are among the few first countries to strengthen its power utilities using digital platforms. Digital transformation in North America is driving utilities to change their business and operating and information models. Further, North American power utility market is highly competitive, and any value addition to its existing services means a great deal to its consumers. With the potential of cleaner energy supply coming from renewable energy and the surge in shale gas in North America, utilities are in a position where they must evolve their supply mix and innovate to protect their customer base.

US Department of Energy’s (DOE) SunShot initiative – An effective step towards digitalization of solar power industry
The US Department of Energy’s (DOE) SunShot initiative seeks to make solar cost-competitive with other forms of electricity. The initiative funds innovative projects by organizations, universities and national laboratories that drive down the cost of solar technology. The SunShot program has made several mapping applications open-source, in order to assist in siting decisions. PVMapper is an example of a geographical information system that takes into account site location, time zone, sun path and nearby weather station data, among other variables, to optimize the decisions on location and commissioning. Since SunShot’s launched in 2011, the average price per kilowatt-hour of a utility-scale PV project has dropped from approximately USD 0.21 to USD 0.11, of which some value can be attributed to better siting. SunShot has achieved roughly 70% of the program’s goal after only three years of the 10-year timeline, demonstrating the initiative’s impact.

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The global Digital Power Utility market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Digital Power Utility Market Report covers the Top Key-players in 2021:-

  • General Electric Co.-Siemens AG -ABB Ltd. -Accenture Plc-Capgemini SE-Sap SE-IBM-Microsoft Corporation -Oracle Corporation-Wipro Ltd.-Infosys Ltd.

Highlighted points of Digital Power Utility Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Digital Power Utility Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Digital Power Utility? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Digital Power Utility Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Digital Power Utility Market? What Was Capacity, Production Value, Cost and PROFIT of Digital Power Utility Market?
  • What Is Current Market Status of Digital Power Utility Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Digital Power Utility Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Digital Power Utility Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Digital Power Utility Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Digital Power Utility Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Digital Power Utility Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Digital Power Utility Industry?

Key Developments in the Digital Power Utility Market: in the Digital Power Utility Market
October 2017: General Electric and Microsoft enter into an IoT partnership to cater its North American customers. November 2017 onwards, North American customers and developers using Predix, GE’s software platform for the Industrial Internet, will be able to build powerful industrial apps on Azure, Microsoft’s cloud for businesses.
Digital Power Utility Market M

Reasons to Purchase Digital Power Utility Market ReportCurrent and future digital power utility market outlook in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porter’s five forces analysisThe segment that is expected to dominate the marketRegions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, and strategies employed by the major market players.3 months analyst support along with the Market Estimate sheet (in excel)

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Finally, the report Global Digital Power Utility Market 2021 describes the Digital Power Utility industry expansion game plan, the Digital Power Utility industry knowledge supply, appendix, analysis findings, and the conclusion.

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