TechSci Research's report on the Global Digital Power Utility Market reveals a robust growth projection, anticipating a Compound Annual Growth Rate (CAGR) of 19.53% through 2028. This growth is fueled by factors such as escalating electricity generation and energy consumption demands, especially in the renewable energy sector. However, challenges like soaring operating costs for transmission and distribution infrastructure are expected to impact the market negatively during the forecast period.

The power generation segment is poised for significant growth in the global digital power utility market. Rising demand for renewable energy, increased adoption of electric vehicles, and the integration of heat pumps create substantial opportunities in the market. 

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In terms of sectors, power generation is expected to dominate the Digital Power Utility market throughout the forecast period. The energy mix for electricity generation is diverse, encompassing fossil fuels like coal, oil, and renewables such as wind and solar. Coal maintains a significant share in the global energy mix, driven by domestic fuel availability and technological constraints in adopting other conventional sources. The report highlights the increasing global electricity generation capacity, with China leading in constructing the highest number of thermal power plants.

Region-wise, Asia Pacific is poised to dominate the market, fueled by governmental support, incentives, and national targets. Inadequate transmission and distribution networks in major countries present opportunities for heavy investments in building transmission line networks. China leads in power sector investment, experiencing major upgrades in its transmission and distribution grid. India has witnessed rapid growth in energy investment, with a focus on renewables and nuclear power plant construction.

Key market players in the Global Digital Power Utility Market are the following: -

• General Electric Company

• Siemens AG

• ABB Ltd

• Accenture PLC

• Capgemini SE

• IBM Corporation

• SAP SE

• Microsoft Corporation

• Wipro Limited

• Infosys Limited

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Customers can access a free sample report and request a 10% customization on this comprehensive study. Mr. Karan Chechi, Research Director at TechSci Research, emphasizes that the increasing adoption of smart grid technologies, data analytics, and artificial intelligence is driving the global digital power utility market. The shift toward cleaner energy, customer-centric solutions, and environmental sustainability, along with regulatory mandates and cybersecurity measures, further contribute to the market's growth.

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