Electricity distribution networks are made up of primary and secondary plants. The primary plant is the energy delivery plant whilst the secondary plant is the plant needed to ensure that the energy delivery is safe, measurable, operable, sustainable and of the right quality. Utility asset management provides the ideal solution for all these operations is an efficient & effective way.
Electricity distributors classify their assets as ... Read more
The global utility asset management market is projected to grow at a CAGR of 8.25%, from 2017 to 2022. The North American market is estimated to be the largest for utility asset management, followed by Europe in 2017. The growth of the utility asset management market is driven by growing investments in distributed generation, upgradation of aging utility infrastructure, and maximizing the reliability of the power infrastructure.
