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Global Digital Utility Market Press Release

The global digital utility market is estimated to garner a revenue of ~ USD 240 billion by the end of 2033 by growing at a CAGR of ~24% over the forecast period, i.e., 2023 u2013 2033.

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Global Digital Utility Market Press Release

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  1. GlobalDigitalUtilityMarkettobePropelledbyLarge-scaleDigitizationand Urbanization, Projects on Renewable Power Generation, and Rise of Smart Buildings byCAGRof~24%During2023– 2033 KennethResearchpublishedareporttitled“DigitalUtilityMarket:GlobalDemand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global digital utility market in terms of market segmentation by technology, sector, and by region. Further,for thein-depthanalysis, thereportencompasses theindustry growth indicators,restraints,supplyanddemandrisk,alongwithdetaileddiscussiononcurrent and future markettrends thatareassociated withthegrowthofthemarket. The global digital utility market is expected to hold a revenue of ~ USD 240 billion by 2033 growing from ~ USD 56 billion in 2022. The market growth can be attributed to the digital transformation happening in various industries, urbanization, projects for renewableenergygeneration,smartbuildings, andinvestments incleanenergy production.

  2. The global digital utility market is expected to grow at a CAGR of approximately 24% from2023-2033.The marketis segmented bysectorintopowergeneration, transmission & distribution, and power consumption. Of these, the power consumption segment is anticipated to hold the largest market share by the end of 2033, owing to the rising need for energy in non-residential infrastructures and the increase in the use of HVAC(heating,ventilation, andair conditioning). For moreinformation’s@https://www.kennethresearch.com/report-details/global- digital-utility-market-/10059858 The global digital utility market is divided into five major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the North America region is projected to hold the largest market share by the end of 2033,backedby growingenergyconsumption,developingsmartcities,building automation,favorablegovernment regulations andmore. The research is global in nature and covers detailed analysis on the market in North America(U.S.,Canada),Europe(U.K.,Germany,France,Italy,Spain,Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest ofLatinAmerica),Asia-Pacific(China,India,Japan,SouthKorea,Indonesia,Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth&opportunityanalysis,marketplayers’competitivestudy,investment opportunities,demandforfutureoutlooketc.hasalsobeencoveredanddisplayedinthe researchreport. ExpandingUrbanizationtoBoost the MarketGrowth By 2050, about 69% of the global population is expected to be living in urban areas. People move to urban areas for several reasons, including industrialization, services and socialbenefits,modernization,commercialization,betteremploymentopportunities

  3. andmore.Digitalsolutionsareinevitableinrapidlyexpandingandevolvingurbanareas to solvemanyproblems and fortheefficientdistributionandconsumption ofresources. However, disruptions in supply chain, high costs in infrastructure transformation, and unfamiliarity with digital utility solutions are expected to operate as key restraint to the growth of global digital utility market overtheforecast period. This report also provides the existing competitive scenario of some of the key players of the global digital utility market which includes company profiling of Microsoft, SAP SE, Siemens, Capgemini Services SAS, Eaton Corporation plc, IBM Corporation, Oracle Corporation,GeneralElectricCompany,Accenture PLC,CognizantTechnology SolutionsCorporation, andothers.Theprofilingenfolds keyinformationof the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of theglobaldigitalutility marketthatwillhelp industryconsultants,equipment manufacturers,existingplayerssearchingfor expansionopportunities,new players searching possibilities and other stakeholders to align their market centric strategies according totheongoing andexpectedtrends in thefuture. RequestReport Sample@https://www.kennethresearch.com/sample-request- 10059858 KennethResearch isaleadingserviceproviderfor strategicmarketresearch and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order toavoid futureuncertainties. ContactformoreInfo: AJDaniel Email:sales@kennethresearch.com

  4. U.S.Phone: +1 313 4620609

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