The smart grid analytics refer to a subset of Big Data analytics solutions used for analyzing the huge volumes of data generated from the smart grid network that consist of various components including smart meters, automated distribution systems, smart appliances and other sensing equipment in the network. The demand for cost-effective and sustainable power supplies for producers and consumers in the utility sector has led the market for smart grid analytics as over an ever-growing power environment, a massive amount of data is generated by smart meters, sensors, automated dispensing systems, and a variety of other sensing devices.
The report presents an in-depth assessment of the Global Smart Grid Analytics including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Smart Grid Analytics investments from 2020 till 2023.
The smart grid analytics market is expected to grow at a CAGR of over 25%, during the forecast period (2018 – 2023).
The scope of the report is limited to solutions offered by various market players in the energy and utility end-user sectors. The regions considered under the scope of the report include North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
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Top Leading Manufactures-
Siemens Ag, Itron Inc., Autogrid Systems, Inc., Verizon, Ibm Corporation, Sap Se, Hp Development Company, Lp, Sas Institute Inc., Hitachi Consulting Corporation, Emc Corporation, Infosys Limited, Accenture Plc (NYSE: ACN ), Capgemini Se, Oracle Corporation, Amdocs Corporation (NASDAQ: DOX), And Sensus
Advanced Metering Infrastructure (AMI) Analytics to Dominate the Market over the Forecast Period
With the increasing use of flattening smart meter shipments across mature markets globally, AMI vendors are seeking new revenue streams, and the data analytics space is emerging as an attractive opportunity with its scalable, recurring revenue-based model. With the growing energy needs in developing economies and improved customer service level and utility efficiency, the demand for AMI solutions and services has grown tremendously across the region. The increasing adoption of Industrial Internet of Things (IIoT) along with the advances in the application of big data analytics is fueling the rapid growth in penetration of information and communication technologies, in grid modernization, has led to the emergence of smart grid analytics solution.
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Notable Developments in Smart Grid Analytics Market
-May 2018: Itron, Inc. signed a contract with Jamaica Public Service Company (JPS) for a nationwide smart grid deployment, serveing more than 600,000 customers, which will help the utility to improve customer service, drive grid reliability and enable revenue realization.
-June 2017: Swiss firm ABB and IBM, collaborated for a power grid project together that brings ABBs digital offering, ABB Ability, with IBM Watson Internet of Things cognitive capabilities to unlock new value for customers in utilities, industry, transport and infrastructure using artificial intelligence.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Smart Grid Analytics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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