Investing in smart grid data analytics solutions provides an efficient way to analyze consumer behavior and optimize the efficiency of a smart grid. This can help improve reliability and uptime, as well as provide the utility company with a valuable tool for improving customer satisfaction. A smart grid can be defined as a bidirectional power flow system that is able to collect and process massive amounts of data. It has the ability to make better predictive analyses of networks and offer better decision support. It can also enable consumers to participate in the energy system.
Market Dynamics:
The Smart Grid Data Analytics market is mainly driven by the growing adoption of smart metering in the utility sector. This technology offers utility providers an easy way to analyze the consumer behavior in real-time. This helps them identify the demands of the consumers and optimize their operations.
A number of factors are likely to hamper growth of the market. For example, there are high costs associated with smart grid systems. These costs are expected to limit the overall market during the forecast period
Key features of the study:
- This report provides in-depth analysis of the global smart grid data analytics market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global smart grid data analytics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Sensus USA Inc. (Xylem Inc.), Siemens AG, Amdocs Corporation, Itron Inc., Oracle Corporation, AutoGrid Systems Inc., Schneider Electric SE, General Electric Company, Uptake Technologies Inc., IBM Corporation, Landis & Gyr Group AG, SAP SE, Uplight Inc., Tantalus System Corp., Hitachi Ltd., and SAS Institute Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global smart grid data analytics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart grid data analytics market
Detailed Segmentation:
- Global Smart Grid Data Analytics Market, By Deployment
- Global Smart Grid Data Analytics Market, By Solution
- Transmission and Distribution (T&D) Network
- Metering Customer Analytics
- Global Smart Grid Data Analytics Market, By Application
- Advanced Metering Infrastructure Analysis
- Demand Response Analysis Grid Optimization Analysis
- Global Smart Grid Data Analytics Market, By End-User Vertical
- Private Sector (SMEs and Large Enterprises)
- Public Sector
- Global Smart Grid Data Analytics Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Siemens AG
- Itron Inc.
- AutoGrid Systems Inc.
- General Electric Company
- IBM Corporation
- SAP SE
- Tantalus System Corp.
- SAS Institute Inc.
- Hitachi Ltd.
- Uplight Inc.
- Landis & Gyr Group AG
- Uptake Technologies Inc.
- Schneider Electric SE
- Oracle Corporation
- Amdocs Corporation
- Sensus USA Inc. (Xylem Inc.)
