Lewes, DE -- (SBWIRE) -- 08/10/2015 -- There is global need in saving the energy by reducing consumption and controlling the usage, the global utilities market is expected to grow at a compound annual growth rate (CAGR) of 8.60% and reach US$8,855 billion by 2022 from $4,575 billion in 2014.

This helps to reduce the shortage of power, costs and environmental damage. The generation, transmission & distribution of electricity are done by Utilities and trade in a regulated market.

Global Utilities market is mainly segmented by Type, by source and by Geography. Based on Type, markets are segmented into Industry, Deployment, and Technology. Based on Source, markets are segregated into Energy, Oil and gas, Utilities. Utilities Market, by geography is categorized into North America, Europe, Asia Pacific and Rest of the World. North America has the largest Utilities market. The vast growth of Utilities Market lies in Asia Pacific due to high demand in energy for residential, industrial, and commercial consumers.

The key players in the Utilities market include, Ecofactor, ABB, C3 Energy, Capgemini, SAP, Oracle, IBM, Tibco Software, Teradata.

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http://www.marketresearchreports.com/stratistics-mrc/global-utilities-market-outlook-2014-2022

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