Utility Asset Management Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Utility Asset Management Market Growth and it is segmented by Application (Transformer, Sub-Station, and Transmission & Distribution Network), Utility Type (Public Utility and Private Utility), and Geography (North America, Asia-Pacific, Europe, South America, Middle-East, and Africa). The report offers the market size and forecasts based on revenue (in USD billion) for all the above segments.

Utility Asset Management Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Utility Asset Management Market Size

Utility Asset Management Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 7.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Utility Asset Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Utility Asset Management Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Utility Asset Management Market Analysis

The Utility Asset Management Market is expected to register a CAGR of greater than 7.5% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the long -term, the rising consumption of energy backed by the increasing number of commercial and residential infrastructures worldwide is set to augment the utility asset management market growth in the coming years.
  • On the other hand, the high cost associated with the implementation of monitoring and tracking systems and the unavailability of skilled workers is likely to hinder the utility asset management market during the forecast period.
  • Nevertheless, a number of governments of both emerging and underdeveloped nations across the world are increasingly viewing utility access management as a strategic infrastructural investment that will help to sustain its power grid network in the long term and help them to minimize its losses that arise due to lack of regular maintenance and service. Regions such as Africa, with a negligible utility asset management system, is expected to provide ample opportunity to the companies involved in the utility asset management market in the near future.
  • Asia-Pacific is expected to witness significant growth during the forecast period, with the majority of the demand coming from China and India.

Utility Asset Management Industry Overview

The Utility Asset Management Market is moderately consolidated. Some of the key players in the market include (not in a particular order) ABB Ltd, Siemens AG, General Electric Company, Emerson Electric Co., and S&C Electric Company, among others.

Utility Asset Management Market Leaders

  1. ABB Ltd.

  2. Siemens AG

  3. General Electric Company

  4. Emerson Electric Co.

  5. S&C Electric Company

  6. *Disclaimer: Major Players sorted in no particular order
Utility Asset Management Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Utility Asset Management Market News

  •  September 2022: An electricity utility in Seguin, Texas, installed a complete monitoring and control system. The utility installed a SCADA system and integrated it with Outage Management System software, Advanced Metering Infrastructure (AMI) technology, GIS Mapping, and energy efficiency software to improve customer reliability. This system would help the utility to manage the vast and dispersed networks.
  •  May 2022: GE Digital announced Distributed Energy Resource Management System (DERMS), which will support the utilities on Distributed Energy Resources (DERs) journey to keep the grid safe, secure, and resilient. The software is designed to provide intelligence, operations, and economics to enable grid operators to connect and optimize DERs.

Utility Asset Management Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Transformer
    • 5.1.2 Sub-Station
    • 5.1.3 Transimission & Distribution Network
  • 5.2 Utility Type
    • 5.2.1 Public Utility
    • 5.2.2 Private Utility
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Asia-Pacific
    • 5.3.3 Europe
    • 5.3.4 South America
    • 5.3.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Ltd.
    • 6.3.2 Siemens AG
    • 6.3.3 General Electric Company
    • 6.3.4 Emerson Electric Co.
    • 6.3.5 S&C Electric Company
    • 6.3.6 Sentient Energy Inc.
    • 6.3.7 Aclara Technologies LLC
    • 6.3.8 Enetics Inc.
    • 6.3.9 Lindsey Manufacturing Co.
    • 6.3.10 Netcontrol Oy
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Utility Asset Management Industry Segmentation

Utility Asset Management helps electric utilities to manage vital assets by keeping track of their age, consumption, and maintenance history, among other characteristics. The Utility Asset Management Industry is driven by rising energy consumption, ageing infrastructure, expanding distributed energy resources, and the requirement for effective and dependable power.

The Utility Asset Management Market is segmented by application, utility type, and geography. By application, the market is segmented into transformer, sub-station, and transmission & distribution networks. By utility type, the market is segmented into a public utility and a private utility. The report also covers the market size and forecasts for the utility asset management market across major regions. The market size and forecasts for each segment have been done regarding revenue (USD billion).

Application Transformer
Sub-Station
Transimission & Distribution Network
Utility Type Public Utility
Private Utility
Geography North America
Asia-Pacific
Europe
South America
Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Utility Asset Management Market Research FAQs

What is the current Utility Asset Management Market size?

The Utility Asset Management Market is projected to register a CAGR of greater than 7.5% during the forecast period (2025-2030)

Who are the key players in Utility Asset Management Market?

ABB Ltd., Siemens AG, General Electric Company, Emerson Electric Co. and S&C Electric Company are the major companies operating in the Utility Asset Management Market.

Which is the fastest growing region in Utility Asset Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Utility Asset Management Market?

In 2025, the North America accounts for the largest market share in Utility Asset Management Market.

What years does this Utility Asset Management Market cover?

The report covers the Utility Asset Management Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Utility Asset Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Utility Asset Management Software Industry Report

Statistics for the 2025 Utility Asset Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Utility Asset Management analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.