How Big is the Utility Management Market | Growth Insights & Trends 2025

Code: MTA9622 Publication Date: Sep 2025

How Big is the Utility Management Market?

According to 6Wresearch internal database and industry insights, the Utility Management Market was estimated at USD 8.5 billion in 2024 and is projected to reach USD 15.7 billion by 2031, expanding at a CAGR of 9.2% during the forecast period 2025-2031.

There are numbers of factors which are contributing in the expansion of the market include rising adoption of smart grids, increasing demand for energy efficiency, growing integration of IoT and AI in utility management, advancements in energy monitoring systems, and supportive government initiatives for sustainable energy solutions.

Key Growth Drivers of the Utility Management Market

  • The increasing use of automated utility systems and smart grids
  • The demand for cost-effective and energy-efficient solutions
  • Utility management through IoT, AI, and cloud-based analytics integration
  • Growth in the production and management of renewable energy
  • Growing government programs and regulatory support for energy conservation

Utility Management Market Trends

Utility Management Market is witnessing major growth with trends such as integration of IoT and AI for real-time monitoring and predictive maintenance. Cloud-based and SaaS solutions are becoming increasingly popular for utility management. Smart meters and advanced metering infrastructure (AMI) are improving energy usage tracking.

Focus on energy efficiency, sustainability, and reduced operational costs is driving adoption. Demand for predictive analytics and automated billing systems is growing. Utilities are investing in cybersecurity solutions for secure energy management. Expansion of renewable energy integration into utility networks is accelerating market growth.

Emerging Developments in the Utility Management Market

Utility Management Market is evolving with advancements in AI-driven analytics, IoT-enabled devices, and cloud computing for improved operational efficiency. The growth is being supported by smart city initiatives and the expansion of smart grid infrastructure. Predictive maintenance and remote monitoring tools are growing in popularity.

Integration between renewable energy management systems and demand-response solutions is growing. Partnerships between software providers and utility operators are growing. The increased focus on energy conservation and legal compliance is helping to promote adoption. Blockchain technology is being used for safe data exchange and energy trading.

List of Leading Companies in the Utility Management Market

Some of the leading companies include:

  • Siemens AG
  • Schneider Electric SE
  • Honeywell International Inc.
  • ABB Ltd.
  • Itron, Inc.
  • Landis+Gyr Group AG
  • Oracle Corporation

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