Increasing demand for power, aging infrastructure, increased distributed energy resources, and requirement for efficient and reliable power are the factors driving the utility asset management market.

Increasing demand for power, aging infrastructure, increased distributed energy resources, and requirement for efficient and reliable power are the factors driving the utility asset management market.

The global instrument transformers market was valued at USD 7.14 Billion in 2016 and is projected to reach USD 9.06 Billion by 2022, at a CAGR of 4.35% during the forecast period.

The global market is set to witness a significant growth due to increasing investments in grid modernization, requirement for energy efficiency, necessity to reduce transmission and distribution losses, and increasing grid complexity.

Browse 79 Market Data Tables and 32 Figures spread through 147 Pages and in-depth TOC on "Utility Asset Management Market"

Utility Asset Management Market research report categorizes by Application (Transformer, Sub-Station, Transmission & Distribution Lines), Component (Hardware, Software), Utility Type (Public Utility, Private Utility), and by Geography

The global market is set to witness a significant growth due to increasing investments in grid modernization, requirement for energy efficiency, necessity to reduce transmission and distribution losses, and increasing grid complexity.