Digital Energy- Market Scope
Digital Energy is the free flow of real-time information between energy suppliers and consumers. Smart grid implementation is a prerequisite to realizing the potential of digital energy. The demand for Digital energy is huge which is driving the market growth over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | General Electric (United States), IBM (United States), SAP (Germany), Shell (United Kingdom), Nexus Integra (Spain), Techment Technology Inc (India), Accenture (Ireland), Siemens (Germany), DIGITAL ENERGY (United Arab Emirates), Zolar (Berlin), Schneider Electric (France) and Others |
CAGR | % |
The local and major companies are exploring the market by adopting mergers & acquisitions, new technology expansions, investments, new launches, and collaborations as their preferred strategies. The major players are exploring new geographic regions through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the oil & gas industry. Several companies such as IBM, Accenture are operating in the market to provide customers better offer with various features & unique offerings. The market is a partially fragmented market with the presence of large market players and local players.
General Electric (United States), IBM (United States), SAP (Germany), Shell (United Kingdom), Nexus Integra (Spain), Techment Technology Inc (India), Accenture (Ireland), Siemens (Germany), DIGITAL ENERGY (United Arab Emirates), Zolar (Berlin), Schneider Electric (France) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Digital Energy- market by Type , by Application (By Application, Oil and gas industry, Clean Energy, Water Solution and Other) and Region with country level break-up.
On the basis of geography, the market of Digital Energy- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On January 2022 Schneider Electric has acquired start-up climate-tech platform Zeigo to enhance the company’s digital capabilities in energy, sustainability, and environmental commodity consulting. This acquisition will complement Schneider Electric’s portfolio of clean energy services and solutions and advance the company’s digital energy transformation ambitions.
On November 2021 Schneider Electric has launched green yodha in India to encourage industries, businesses, and climate action
Influencing Trend:
Business process automation is an emerging digital transformation trend that companies must have in the upcoming year
Market Growth Drivers:
Digital energy is driving cost efficiency, providing new revenue opportunities, and changing business models
Challenges:
Heavy regulations and generation-old culture of compliance make it less agile to change.
Restraints:
large amount of data privacy concern
Opportunities:
Digital Energy has demand in the oil and gas industry
Key Target Audience
OEM (Original Equipment Manufacturer), Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry