The Europe Digital Utility Market would witness market growth of 10.0% CAGR during the forecast period (2023-2030).
Digital utility applications provide consumers with insights into their energy usage patterns. Interactive platforms, mobile apps, and online portals empower consumers to make informed decisions about energy consumption, leading to increased energy efficiency. The solutions enhance billing transparency by providing consumers with detailed and accurate information about their energy usage. Clear and understandable billing statements contribute to customer satisfaction and trust. Utilities can use customer engagement platforms to promote energy conservation programs, incentivizing consumers to adopt sustainable practices. This may include time-of-use pricing, energy efficiency tips, and rewards for reducing peak demand.
The technologies are applied to water management, allowing utilities to detect leaks in distribution systems. Advanced sensor networks and data analytics help identify and locate leaks promptly, minimizing water losses and infrastructure damage. In agricultural settings, digital utility solutions support the development of smart irrigation systems. These systems optimize water usage based on real-time weather conditions and soil moisture levels, promoting conservation. As electric vehicles (EVs) become more prevalent, digital utility technologies are essential for managing EV charging infrastructure. Smart charging solutions optimize charging schedules, balance the load on the grid, and support the integration of renewable energy sources. It enables grid-responsive charging, adjusting EV charging rates based on grid conditions.
According to the International Energy Agency, as part of the France 2030 investment plan, the French government intends to invest EUR 1.2 billion in research and development to create a low-carbon airplane and EUR 2.5 billion to support the production of about two million electric and hybrid vehicles. Continuous advancements in electric vehicle technology, including improvements in battery technology, longer driving ranges, and faster charging capabilities, make EVs more attractive to consumers in France. Urban mobility initiatives, such as promoting electric public transportation and car-sharing programs, contribute to the overall growth of the electric vehicle industry in France. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Digital Utility Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,633.1 million by 2030. The UK market is registering a CAGR of 9% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 10.8% during (2023 - 2030).
Free Valuable Insights: The Global Digital Utility Market will Hit $380.9 Billion by 2030, at a CAGR of 10.2%
Based on Technology, the market is segmented into Hardware, and Integrated Solutions. Based on Network, the market is segmented into Generation, Transmission & Distribution, and Retail. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Technology
By Network
By Country
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