Global Smart Grid Data Analytics Market Will Reach to USD 5,720 Million By 2025: Zion Market Research

According to the report, the global smart grid data analytics market was USD 2,496 million in 2018 and is expected to reach approximately USD 5,720 million by 2025, growing at a CAGR of around 12.58% between 2019 and 2025.


New York, NY, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Zion Market Research  has published a new report titled “Smart Grid Data Analytics Market By Solution (Grid Optimization, AMI Analytics, Asset Management, Demand Response Analytics, and Others), By Deployment (Cloud-Based, On-Premises, and Hybrid), and By Service (Professional and Support & Maintenance): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global smart grid data analytics market was USD 2,496 million in 2018 and is expected to reach approximately USD 5,720 million by 2025, growing at a CAGR of around 12.58% between 2019 and 2025.

Smart grid data analytics controls large data volumes that are created by smart grid technology. It is a key sector in the industrial IoT (Internet of Things), as it helps utilities to address key financial and operational challenges. This technology offers certain advantages for multinational corporations, retail stores, universities, enterprises, and hospitals.

Browse through 54 Tables & 22 Figures spread over 110 Pages and in-depth TOC on “Global Smart Grid Data Analytics Market: By Type, Applications, Industry Share, Demand, Market Size, Segments, Analysis and Forecast, 2018–2025”.

Request Free Sample Report of Global Smart Grid Data Analytics Market @ https://www.zionmarketresearch.com/sample/smart-grid-data-analytics-market

The rapid developments witnessed in cloud computing and digital technology over the last few years have contributed to the growing adoption of smart grid technology. The increasing need for an effective, efficient, and rational analysis of this huge data is driving the smart grid data analytics market internationally. Moreover, the continuous progress in the information and communication technology coupled with increasing R&D investments is also anticipated to fuel the smart grid data analytics market growth over the forecast time period. Increasing requirement for real-time data exchange with continuous generation of different types of data, such as digital images, social media chats and conversations, voice or video recordings, sensor data, and messages is estimated to further propel the smart grid data analytics market in the upcoming years.

Based on the solution, the market is classified into demand response analytics, AMI analytics, grid optimization, asset management, and others (data visualization tools and energy forecasting). AMI analytics is anticipated to be the fastest-growing segment, due to the increasing adoption of direct response solutions by the utility industry to reduce production costs and manage load-shedding packages.

Request for PDF Brochure of This Report: https://www.zionmarketresearch.com/requestbrochure/smart-grid-data-analytics-market

By deployment, the market includes cloud-based, hybrid, and on-premises. Cloud-based deployment is widely preferred due to its certain advantages. During the last few years, hybrid deployment model has emerged as an intermediary solution for cloud consumption among different business firms, which is predicted to boost this segment in the upcoming years.

By service, the market comprises professional and support and maintenance services. Professional services are gaining high popularity across various developed countries. Key service providers are focused on the development of ongoing and comprehensive support models that proactively addresses the issues in data analytics program. This, in turn, is predicted to positively impact the support and maintenance services segment growth in the future.

Browse the full “Smart Grid Data Analytics Market By Solution (Grid Optimization, AMI Analytics, Asset Management, Demand Response Analytics, and Others), By Deployment (Cloud-Based, On-Premises, and Hybrid), and By Service (Professional and Support & Maintenance): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at  https://www.zionmarketresearch.com/report/smart-grid-data-analytics-market

The North American smart grid data analytics market is predicted to register a significant CAGR over the forecast time period, owing to the rapid expansion of smart grid plans in the region to reduce the distribution and transmission loss and manage the consumption trends. In the U.S., the electricity companies have already deployed smart meters in around 50% of the households. The execution of numerous grid automation strategies to support the communication flexibility and distributed intelligence of nationwide electric infrastructure will further boost this regional market.

In Europe, the smart grid data analytics market growth is attributed to the increasing number of new utility business models across the region. France, the UK, Italy, and Germany are the key countries that contribute to this regional market, owing to the rapid expansion of AMI analytics and demand response. In terms of the number of smart grid projects, Germany leads Europe, followed by Denmark. The national grid in the UK has tied up with different aggregators for implementing DR programs and have tendered for 200 MW of fast frequency response.

Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/smart-grid-data-analytics-market

The Asia Pacific smart grid data analytics market growth is attributed to the increasing number of new entrants in the market with a strong focus on advanced technology. Top utilities in the region along with the government are investing in advanced technologies to meet the energy demand of the growing population and the infrastructure sector. In 2017, approximately 17.5 million smart meters have been installed in the Asia Pacific (excluding China). Additionally, four utilities of Japan aim the complete installation of 27 million meters by 2024.

In Latin America, the smart grid data analytics market growth is primarily attributed to vigorous investments by key companies in the research and development. In the last few years, Brazil and Mexico have displayed a willingness to deploy smart meters along with other smart grid infrastructure. Utilities like Celpa, Light, AES Eletropaulo, and Eletrobras, have started the multimillion-smart meter deployments projects. CFE, the state-run utility in Mexico has a plan of converting 30.2 million customers to smart meters by 2025.

Request customized copy of report @ https://www.zionmarketresearch.com/custom/4721

Increasing penetration of smart grid technology in various end-user industries is anticipated to drive the Middle Eastern and African smart grid data analytics market. The World Bank stated that the regional demand for primary energy is anticipated to grow annually at 1.9% between 2019 and 2035. The growing importance of smart metering infrastructure to manage the added demand and plan network expansion is estimated to offer significant growth opportunities to this regional market over the forecast time period.

Some key players of the smart grid data analytics market are Itron, Siemens, AutoGrid Systems, IBM, Verizon, SAS Institute, SAP, HP Development, Accenture, Hitachi Consulting, Oracle, EMC Corporation, Sensus, Infosys, Capgemini, and Amdocs.

Request a Discount on This Report: https://www.zionmarketresearch.com/requestdiscount/smart-grid-data-analytics-market

This report segments the global smart grid data analytics market into:

Global Smart Grid Data Analytics Market: Solution Analysis

  • Grid Optimization
  • AMI Analytics
  • Asset Management
  • Demand Response Analytics
  • Others (Energy Forecasting and Data Visualization Tools)

Global Smart Grid Data Analytics Market: Deployment Analysis

  • Cloud-Based
  • On-Premises
  • Hybrid

Global Smart Grid Data Analytics Market: Service Analysis

  • Professional Services
  • Support and Maintenance Services

Global Smart Grid Data Analytics Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Related Reports:

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research

Contact Us:

Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com

Website: https://www.zionmarketresearch.com

Blog: http://newszmr.com