The global utility asset management market is projected to grow at a CAGR of 8.25% Joe Mixon Jersey , from 2017 to 2022. The North American market is estimated to be the largest for utility asset management, followed by Europe in 2017. The growth of the utility asset management market is driven by growing investments in distributed generation, upgradation of aging utility infrastructure, and maximizing the reliability of the power infrastructure.
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The utility asset management market is dominated by comprehensive players. The key players operating in this market include Siemens AG (Germany), ABB, Ltd. (Switzerland), General Electric (US) John Ross Jersey , S&C Electric (US), and Sentient Energy (US).
Browse 79 Market Data Tables and 32 Figures spread through 147 Pages and in-depth TOC on “Utility Asset Management Market by Application (Transformer, Sub-Station, Transmission & Distribution Lines), Component (Hardware, Software), Utility Type (Public Utility Jessie Bates III Jersey , Private Utility), and Region – Global Forecast to 2022”
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Major strategies adopted by the players include contracts & agreements, new product launches, expansions, and mergers & acquisitions. Contracts & agreements was the most commonly adopted strategy from 2013 to July 2017. Industry players also adopted new product launches, which was the second most widely followed strategies, respectively Billy Price Jersey , during the same period.