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Global Digital Utility Market to Reach $330.4 Billion by 2026

Strategic Insights

— 1 min read

The global market for Digital Utility, which was estimated at $167.2 billion in 2020, is projected to reach $330.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 11.9% over the analysis period. The Generation segment is expected to record a 11.7% CAGR and reach $110.4 billion by the end of the analysis period. The U.S. market is estimated at $56.2 billion in 2021, while China is forecast to reach $58.3 billion by 2026.

Key Takeaways:

  • The Digital Utility market is expected to grow from $167.2 billion in 2020 to $330.4 billion by 2026, driven by a CAGR of 11.9%.
  • The Generation segment is projected to record a 11.7% CAGR and reach $110.4 billion by the end of the analysis period.
  • The U.S. market is estimated at $56.2 billion in 2021, while China is forecast to reach $58.3 billion by 2026.
  • The Retail segment is expected to drive 10.2% CAGR estimated for this segment, reaching $57.1 billion by the close of the analysis period.
  • The Japan and Canada markets are forecast to grow at 10.3% and 10.1% respectively over the analysis period.
  • Germany is forecast to grow at approximately 8.7% CAGR.
  • The Digital Utility market in the Asia-Pacific region is expected to experience significant growth, driven by the increasing demand for digital transformation and smart grid technologies.

Statistics:

  • Global Digital Utility market: $167.2 billion (2020), $330.4 billion (2026)
  • Generation segment growth rate: 11.7% CAGR, $110.4 billion (2026)
  • U.S. market: $56.2 billion (2021), $58.3 billion (2026)
  • China market: $58.3 billion (2026), 11.4% CAGR over the analysis period
  • Japan market growth rate: 10.3% CAGR
  • Canada market growth rate: 10.1% CAGR
  • Germany market growth rate: 8.7% CAGR
  • Asia-Pacific market growth rate: significant growth expected due to increasing demand for digital transformation and smart grid technologies

Sources:

  • "Digital Utility - Global Market Trajectory & Analytics" market research report by Global Industry Analysts, Inc. (GIA)
  • Global Industry Analysts, Inc. (GIA) website: www.strategyr.com
  • GIA's MarketGlass(TM) Platform, a free full-stack knowledge center for busy business executives
  • Zak Ali, Director, Corporate Communications, Global Industry Analysts, Inc.
  • Global Industry Analysts, Inc. LinkedIn page: https://www.linkedin.com/company/global-industry-analysts-inc./
  • Global Industry Analysts, Inc. Twitter page: https://twitter.com/marketbytes

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