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Globe and Mail
8 hours ago
- Business
- Globe and Mail
Digital Energy Market to Expand at 8.8% CAGR, Hitting USD 1,101.44 Billion by 2032
The Digital Energy Market is accelerating the energy transition by embedding IoT, AI and real-time analytics across generation, transmission and consumption nodes. As utilities and large industrial users prioritize decarbonization, the industry size is expanding through smart grid deployments and digital substation rollouts. The Global Digital Energy Market size is estimated to be valued at USD 610.32 Bn in 2025 and is expected to reach USD 1,101.44 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.8% from 2025 to 2032. As per our digital energy market report, rising investments in advanced metering infrastructure in North America propelled market revenue by 14% in 2024. Forecasts emphasize that renewable integration and edge-AI control modules will further boost digital energy market size and digital energy market revenue through 2032. Key Takeaways • Region: – North America: Leading smart grid pilots in the U.S. and Canada driving rapid digital energy market share growth. – Latin America: Regulatory incentives in Brazil and Chile accelerating solar-IoT integration. – Europe: EU's Green Deal funding digital substations and predictive maintenance use cases. – Asia Pacific: China and India deploying 10 million+ smart meters in 2024 for grid resilience. – Middle East: GCC utilities investing in microgrid analytics for oil-to-renewables diversification. – Africa: South Africa piloting blockchain-based energy trading to optimize distributed generation. Market Segment By Component: • Hardware: Smart meters (U.S. pilot reduced outage durations by 20%), sensors for predictive asset health. • Software: Analytics platforms (Europe's EcoStruxure scaled to 4,500 sites), AI-based energy management. By End User: • Utilities: Smart grid operations cut transmission losses by 8% in Germany (2024). • Commercial Buildings: Automated HVAC controls delivered 12% energy savings in Japan's retail sector. By Deployment Mode: • Cloud-based: Scalable SCADA-as-a-Service, adopted by Australian utilities for 24/7 monitoring. • On-premise: Mission-critical microgrid controllers in U.S. military bases. Market Growth Factors • Rising IoT sensor adoption: Over 25 million networked endpoints added globally in 2024, fueling market growth. • Renewable energy integration: Solar and wind curtailment reduced by 15% in Spain via real-time dispatch software. • Regulatory mandates: EU's MIAPE directive mandating advanced metering upgrades by 2026, driving capex. • Electrification of transport: EV-charging load management solutions gained 30% pipeline growth in North America. • Market drivers: Increasing focus on grid resilience and decarbonization are core market opportunities. Purchase Now Up to 25% Discount on This Premium Report @ Market Trends • Edge computing surge: On-site AI controllers processed 40% more data per second in 2024 pilots. • Digital twins: Virtual grid models reduced maintenance costs by 10% across 50 substations in India. • Cybersecurity integration: IAM and OT-IT convergence investments grew 18% in Europe, addressing market challenges. • Blockchain-based energy trading: Emerging peer-to-peer platforms tested in Africa, illustrating new revenue streams. • Renewable storage management: AI-driven battery forecasting cut balancing costs by 22% in California. Actionable Insights • Supply-side indicators: – Production Capacity: Sensor OEMs expanded annual output by 20% in 2024. – Pricing Trends: Average cost of AMI modules dropped 8% year-over-year. – Exports: U.S. smart-meter shipments to Latin America climbed by 35%. • Demand-side indicators: – Imports: China increased digital energy platform imports by 28% in 2024. – Various Use Cases: Industrial microgrids deployments grew 45% in Southeast Asia. • Micro-indicators: – Utility digital maturity scores improved by two tiers for 60% of European operators. • Nano-size indicators: – Pilot projects: Over 200 sub-100 kW edge-AI installations launched across Japan. Market Key Players • Siemens AG • General Electric Company • Schneider Electric SE • ABB Ltd. • Emerson Electric Co. • Eaton Corporation • Honeywell International Inc. • Mitsubishi Electric Corporation • Toshiba Corporation • Hitachi Ltd. • Legrand SA • Fuji Electric Co. • Landis+Gyr AG • Eaton Corporation plc • Hyundai Electric & Energy Systems Co. Competitive Strategies • Siemens AG's acquisition of EnergyIP in 2024 increased its digital energy market share by 12%, solidifying its position in advanced metering platforms. • General Electric launched Predix-powered grid analytics in late 2024, driving a 15% uplift in digital energy market revenue across U.S. utilities. • Schneider Electric's EcoStruxure roll-out in EMEA yielded 5,000+ active licenses by Q3 2024, showcasing effective market growth strategies in building automation. FAQs 1. Who are the dominant players in the Digital Energy Market? Key players include Siemens AG, General Electric Company, Schneider Electric SE, ABB Ltd., and Emerson Electric Co., each commanding significant industry share through platform innovation. 2. What will be the size of the Digital Energy Market in the coming years? The digital energy market size is forecast to grow from USD 610.32 Bn in 2025 to USD 1,101.44 Bn by 2032 at an 8.8% CAGR. 3. Which end-user industry has the largest growth opportunity? Utilities remain the largest segment, driven by smart grid modernization, while commercial buildings and industrial microgrids are fastest-growing verticals. 4. How will market development trends evolve over the next five years? Expect accelerated edge-AI adoption, digital twins proliferation, blockchain energy trading pilots, and integrated cybersecurity frameworks shaping future market trends. 5. What is the nature of the competitive landscape and challenges in the Digital Energy Market? Market challenges include high upfront integration costs, cybersecurity risks and regulatory compliance, while competition centers on platform scalability and service bundling. 6. What go-to-market strategies are commonly adopted in the Digital Energy Market? Leading companies employ M&A for technology consolidation, platform licensing models, cloud-managed services and outcome-based contracting to accelerate business growth and customer retention. ✍️ Author of this marketing PR: Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Yahoo
11-06-2025
- Business
- Yahoo
Utilities Industry Leader, Kaveh Aflaki, Joins Insight Global to Drive Services Innovation
Talent and Tech Provider Fuels the Future of Utilities and Energy Industries with Expertise ATLANTA, June 11, 2025 /PRNewswire/ -- Insight Global today announced the hiring of Dr. Kaveh Aflaki as Industry Principal, Utilities and Energy, within its professional services division, Evergreen. With nearly two decades of global experience in the sector, Dr. Aflaki will lead strategic initiatives designed to deliver innovative, high-impact solutions for electric, gas, and water utilities clients as well as the oil and gas industry across the U.S. and around the world. "Throughout my career in the industry, one of the most persistent challenges has been securing the right talent to turn strategy into execution. With Insight Global, we meet the challenge," said Dr. Aflaki. "Not only do we have exceptional access to top-tier talent capable of meeting the complex demands of the utilities and energy sector, but we also bring in skilled experts who apply our distinctive methodologies to provide comprehensive talent and professional technical services and solutions. It's the best of both worlds." Insight Global has 15 years of utilities and energy industry experience and currently works with seven of the top U.S. 10 investor-owned utilities (IOUs) helping them tackle a range of challenges including digital transformation, operational efficiencies, and regulatory standards. Dr. Aflaki's extensive experience in utilities and energy further showcases Insight Global's commitment to the industry. He has been instrumental in advancing Smart Grid initiatives at ComEd/Exelon, where he managed AMI Operation data analytics. Before joining Insight Global, he also served as the CEO of IEMS Solution, providing cutting-edge SaaS solutions to utilities. As a recognized industry thought leader, he is also a Senior Member of the Institute of Electrical and Electronics Engineers (IEEE). Insight Global's staffing and professional services empower some of the largest energy and utility clients across the U.S. and the world by delivering comprehensive solutions and the skilled professionals to execute them—supporting an industry that employs millions of people, serves billions, and underpins our nations' infrastructures. Dr. Aflaki's expertise and leadership enhances Insight Global continuing work to drive excellence in this competitive sector. For more information about Insight Global's services, please visit About Insight GlobalInsight Global is an international professional services and staffing company specializing in delivering talent and technical solutions to Fortune 1000 companies across multiple industries. With more than 70 offices and delivery center locations across North America, Europe, and Asia, and global staffing capabilities around the world, they are dedicated to finding the right solutions to help their customers thrive. About the Evergreen divisionEstablished a decade ago, Evergreen is the professional services division of Insight Global, the second-largest IT staffing company in the U.S. They leverage Insight Global's expertise in forming and managing high-performing teams to meet clients' talent and technical services needs. Thanks to their unmatched access to skilled talent, Evergreen can deliver solutions around the globe via their 5,000+ convertible consultants in more than 50 countries and 5 class-A delivery centers. View original content to download multimedia: SOURCE Insight Global Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mid East Info
13-02-2025
- Business
- Mid East Info
Dubai achieves world's lowest electricity Customer Minutes Lost (CML) at 0.94 minutes per year, breaking its 2023 record
Dubai, United Arab Emirates: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA achieved the world's lowest electricity Customer Minutes Lost (CML) in 2024, recording just 0.94 minutes per customer. This breaks its record of 1.06 minutes in 2023 and is significantly lower than the 15-minute average of leading European utilities. 'We are guided by the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the world's best city for quality of life. To achieve this, we continuously develop Dubai's electricity and water infrastructure through innovation, which we adopt as a key approach to managing facilities through a smart and interconnected network. This enables us to deliver our services according to the highest standards of quality, availability, reliability, efficiency and sustainability, supporting the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda (D33), which aims to position Dubai among the world's top three cities. We have reduced the Customer Minutes Lost in Dubai from 6.88 minutes per year in 2012 to just 0.94 minutes in 2024. This emphasises our leadership in innovation and adopting the latest disruptive technologies of the Fourth Industrial Revolution to enhance DEWA's resilience, agility and readiness to meet the growing demand for electricity and water in Dubai,' said HE Saeed Mohammed Al Tayer. 'The Smart Grid, which we are implementing in stages with AED 7 billion investments up to 2035, has been instrumental in achieving this milestone. It provides advanced features, including enhanced energy transmission and distribution efficiency, reduced losses and improved electric load management. A key programme launched under the Smart Grid is the Automatic Smart Grid Restoration System, the first of its kind in the Middle East and North Africa. It increases the control, management and monitoring of the power network. Operating around the clock without human intervention, it uses smart, innovative and centralised systems to locate faults, isolate them and automatically restore service, enhancing grid automation, fault detection and rapid service restoration,' added Al Tayer.
Zawya
13-02-2025
- Business
- Zawya
Dubai records world's lowest electricity Customer Minutes Lost per year
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA achieved the lowest electricity Customer Minutes Lost (CML) in the world in 2024, recording just 0.94 minutes per customer. This breaks DEWA's own record of 1.06 minutes per customer in 2023 and is significantly lower than the approximately 15 minutes recorded by leading utility companies in the European Union. Saeed Mohammed Al Tayer said, 'We are guided by the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to make Dubai the city with the world's best quality of life. To achieve this, we continue to develop Dubai's electricity and water infrastructure based on innovation, which we adopt as a key approach to managing facilities through a smart and interconnected network. This enables us to deliver our services according to the highest standards of quality, availability, reliability, efficiency, and sustainability. This supports the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda (D33), which seeks to consolidate Dubai's position among the top three global cities. "We have reduced the Customer Minutes Lost (CML) in Dubai from 6.88 minutes per year in 2012 to just 0.94 minutes in 2024, emphasising our leadership in innovation and the adoption of the latest disruptive technologies of the Fourth Industrial Revolution. This strengthens DEWA's resilience, agility, and readiness to meet the growing demand for electricity and water in Dubai.' "The Smart Grid, which we are implementing in stages with total investments of AED 7 billion up to 2035, has been instrumental in achieving this milestone. It provides advanced features, including enhanced energy transmission and distribution efficiency, reduced losses, and improved electric load management. One of the key programmes launched under the umbrella of the Smart Grid is the Automatic Smart Grid Restoration System, the first of its kind in the Middle East and North Africa. This system increases the control, management, and monitoring of the power network. Operating around the clock without human intervention, it uses a smart, innovative, and centralised system to locate faults in the power network, isolate them, and automatically restore service. This enhances grid automation, fault detection, and the restoration of connections as quickly as possible," Al Tayer added. DEWA received two prestigious awards at the Asian Power Awards 2024 in Singapore, one of the most esteemed regional honours in the energy sector. DEWA was recognised with the 'Innovative Power Technology of the Year - UAE' award for its Actual Load Profiles Simulator (ALPS) for the Distribution Network and the 'Smart Grid Project of the Year - UAE' award for its Distribution Automation Smart Grid projects.
Zawya
13-02-2025
- Business
- Zawya
Customer Minutes Lost at 0.94 minutes per year, breaking its 2023 record
Dubai, United Arab Emirates: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA achieved the world's lowest electricity Customer Minutes Lost (CML) in 2024, recording just 0.94 minutes per customer. This breaks its record of 1.06 minutes in 2023 and is significantly lower than the 15-minute average of leading European utilities. "We are guided by the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the world's best city for quality of life. To achieve this, we continuously develop Dubai's electricity and water infrastructure through innovation, which we adopt as a key approach to managing facilities through a smart and interconnected network. This enables us to deliver our services according to the highest standards of quality, availability, reliability, efficiency and sustainability, supporting the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda (D33), which aims to position Dubai among the world's top three cities. We have reduced the Customer Minutes Lost in Dubai from 6.88 minutes per year in 2012 to just 0.94 minutes in 2024. This emphasises our leadership in innovation and adopting the latest disruptive technologies of the Fourth Industrial Revolution to enhance DEWA's resilience, agility and readiness to meet the growing demand for electricity and water in Dubai," said HE Saeed Mohammed Al Tayer. "The Smart Grid, which we are implementing in stages with AED 7 billion investments up to 2035, has been instrumental in achieving this milestone. It provides advanced features, including enhanced energy transmission and distribution efficiency, reduced losses and improved electric load management. A key programme launched under the Smart Grid is the Automatic Smart Grid Restoration System, the first of its kind in the Middle East and North Africa. It increases the control, management and monitoring of the power network. Operating around the clock without human intervention, it uses smart, innovative and centralised systems to locate faults, isolate them and automatically restore service, enhancing grid automation, fault detection and rapid service restoration," added Al Tayer. *Source: AETOSWire Contacts: Shaikha Almheiri Dubai Electricity and Water Authority +971552288228
