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Utility Asset Management (UAM) Market

Utility Asset Management (UAM) Market

Submitted by • April 8, 2020

UAM provides detailed equipment diagnostics, real-time data, provides a true picture of equipment status and minimizes the risk of failure using predictive and preventive maintenance approaches. The utility asset management market based on the component has been segmented into hardware and software. The hardware segment is expected to be one of the major contributors to the market growth. Based on application, the market has been segmented into a transformer, sub-station, and transmission & distribution lines. The transformer application segment is expected to hold one of the largest market shares for the market as it is the most important asset of the grid.

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Voted by nishigandha

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