- Smart utilities are essential for the modernization of electricity, water, and gas infrastructure, enabling real-time data collection, remote monitoring, and enhanced efficiency in resource management. They integrate digital technologies such as smart meters, IoT sensors, and AI analytics into traditional utility services.
- The demand for smart utilities is significantly driven by the growing need for sustainable energy solutions, increasing urbanization, and the adoption of smart city initiatives globally.
- North America is expected to dominate the smart utilities market, accounting for 35-40% of the market share. This dominance is driven by well-established utility infrastructure, strong regulatory frameworks supporting digital transformation, and large-scale deployment of smart grid technologies. The region’s advanced technological landscape and commitment to smart utility systems further reinforce its leading position
- Asia-Pacific is projected to be the fastest-growing region in the smart utilities market during the forecast period, with its market share estimated to reach 25-30% by 2025. This growth is driven by rapid industrialization, rising energy demands, and significant government investments in smart infrastructure in countries such as China, India, and Japan
- The software segment is projected to dominate the component segment of the global smart utilities market, accounting for approximately 42-46% of the total market share. As the operational core of smart utilities, software plays a vital role in managing and analyzing large volumes of data generated by smart infrastructure
