New York, NY -- (SBWIRE) -- 09/19/2018 -- Market research analysts at RNR predict that the global utility asset management market will grow steadily at a CAGR of over +8% by 2025. Utility asset management provides detailed equipment diagnostics, real-time data, accurate picture of equipment conditions, and uses a predictive and preventive maintenance approach to minimize the risk of failure. The utility asset management market based on this component is divided into hardware and software. The hardware sector is expected to be one of the major contributors to market growth. Depending on the application, the market is divided into transformers, substations, and transmission and distribution lines. Transformer applications are the most important asset of the grid and are expected to have one of the largest market share in the market.

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Some of the key players in the Utility Asset Management market include

ABB Ltd
Aclara Technologies Llc
Cniguard Ltd
Emerson Electric Co.
Enetics Inc.
General Electric Company
Lindsey Manufacturing Co.
Netcontrol Oy
S&C Electric Company
Sentient Energy, Inc.
Siemens Ag
Vaisala Oyj

The study on the global market for Utility Asset Management has evaluated the historical and current performance of this market, especially highlighting the key trends and growth opportunities. The report categorizes the study further into different segments that facilitates a descriptive and qualitative insight into the industry.

The global marketers are increasingly participating in strategic merger & acquisition activities so as to collaboratively bring down the overall research and product development costs. The participants are involving with stakeholders to massively invest into testing, human resources and talent acquisition campaigns, etc. in order to majorly cut down costs and manual work hours required. The growing participation in developing software projects to bring in automation into the working framework has significantly reduced the overall time required for tracking and delivering the pertained product.

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Geographically, the market has been divided into five standardized segmentations; North America, Europe, Latin America, Asia Pacific and Middle East & Africa. Out of which, North America is expected to generate the highest market share attributed to the rising traction of quality assessment operations within companies as more and increased implementation of transformation projects as a way of augmenting returns on investment and reducing time-to-market of products.

The company profiles play a significant role as it establishes the most prominent business and financial overview of these companies along with key strategies that they have adopted to drive their success.

List of Chapters:

1 Utility Asset Management Market Overview
2 Global Utility Asset Management Competition by Players/Suppliers, Type and Application
3 United States Utility Asset Management (Volume, Value and Sales Price)
4 China Utility Asset Management (Volume, Value and Sales Price)
5 Europe Utility Asset Management (Volume, Value and Sales Price)
6 Japan Utility Asset Management (Volume, Value and Sales Price)
7 Southeast Asia Utility Asset Management (Volume, Value and Sales Price)
8 India Utility Asset Management (Volume, Value and Sales Price)
9 Global Utility Asset Management Players/Suppliers Profiles and Sales Data
10 Utility Asset Management Manufacturing Cost Analysis
11 Industrial Chain, Sourcing Strategy and Downstream Buyers
12 Marketing Strategy Analysis, Distributors/Traders
13 Market Effect Factors Analysis
14 Global Utility Asset Management Market Forecast (2018-2025)
15 Research Findings and Conclusion
16 Appendix

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