How big is the Digital Utility Market | Industry Share 2025

Q: How big is the digital utility market currently?

The digital utility market stands at USD 45.7 billion and is forecast to surpass USD 98.9 billion by 2031.

Q: What sectors are contributing the most to digital utility growth?

Electricity distribution, renewable energy monitoring, and water utility automation are the primary sectors driving growth.

Q: How is digital transformation impacting traditional utilities?

The digital transformation is enabling predictive maintenance, enhancing grid reliability, and transforming customer engagement.

Q: Which technologies are dominating the digital utility industry?

IoT sensors, cloud computing, AI-driven analytics, and blockchain-based systems are gaining prominence in the digital utility industry.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4972

Publication Date: Jul 2025

How Big Is the Digital Utility Market?

According to 6Wresearch internal database and industry insights, the digital utility market was valued at USD 45.7 billion in 2024 and is projected to reach USD 98.9 billion by 2031, growing at a CAGR of 9.6%.

This growth can be attributed to increasing adoption of smart grid technologies, rising integration of AI and IoT in utility operations, government mandates on energy efficiency, and growing investments in digital infrastructure for electricity, water, and gas distribution.

Growth Factors of the Digital Utility Market

Incorporation of predictive analytics and AI to streamline grid performance and maintenance
Increasing need for real-time monitoring and fault detection in utility networks
Regulatory focus on reducing carbon emissions and enhancing utility efficiency
Rising deployment of smart meters and energy monitoring systems across urban regions
Rising investments by utilities in digital twins, cloud-based SCADA, and automation
Shift toward decentralized energy generation and virtual power plants

Digital Utility Market Trends

Digital Utility Market is witnessing major transitions with the growing adoption of advanced technologies such as blockchain for peer-to-peer energy trading, digital twins for infrastructure modeling, and edge computing to enhance remote monitoring. Utilities are actively embracing cloud-based platforms to manage customer interactions, operational workflows, and asset maintenance more efficiently. Additionally, utilities are leveraging data-driven insights to improve grid reliability, enable demand-response programs, and optimize energy load balancing.

Emerging Developments in the Digital Utility Market

In the Digital Utility Market, major developments include the integration of AI-powered cybersecurity solutions to protect critical infrastructure, partnerships between tech providers and energy utilities for SaaS-based energy management, and the rollout of 5G networks to support real-time utility communication. Moreover, utilities are increasingly investing in customer-centric platforms offering personalized energy usage insights and billing optimization, further accelerating market innovation.