Digital Power Utility Market Size, Trends, Analysis, 2022-2029

Of late, digital technologies such as Internet of Things (IoT) has left a significant impact across the spectrum of industries. To this end, the power utility sector is no exception. IoT has enabled power grids to work more efficiently, resulting in improved performance and productivity enhancements. Notably, adoption of IoT has enabled companies in power utility industry to optimise their processes to accomplish the sustainable development goals. Such a landscape has paved the way for incorporation of digital power utility solutions. These solutions facilitate systematic distribution of power with real-time management of assets. Leveraging cloud and IoT, these solutions are becoming more advanced and sophisticated, resulting in their paced adoption. Against this backdrop, the digital power utility market is projected to experience exponential growth.

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