Utility And Energy Analytics Market by Innovations, New Technology and Research 2019 to 2023

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Utility And Energy Analytics production region, major players, and product type which will provide a simplified view of the Utility And Energy Analytics industry. The Utility And Energy Analytics market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Utility And Energy Analytics market which will help the emerging market segments in making vital business decisions.

The global utility and energy analytics market was valued at USD 2.07 billion in 2017 and is expected to reach a market value of USD 3.95 billion by 2023, registering a CAGR of 11.04% during the forecast period (2018 - 2023).

Utility And Energy Analytics Market Segmentation:
This report on Global Utility And Energy Analytics market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Utility And Energy Analytics. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

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Global Utility And Energy Analytics market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including RACLE CORPORATION, CAPGEMINI SE, ABB CORPORATION, IBM CORPORATION, CA TECHNOLOGIES, SAS INSTITUTE INC., SIEMENS AG, SCHNEIDER ELECTRIC SE, SAP SE, BUILDINGIQ, and TERADATA CORPORATION, amongst other.

Rising Demand for Energy is the Major Market Driver
Global energy needs are expected to grow, with fossil fuels remaining the major source of energy in the forecast period. Developed countries continue to consume large amounts of energy while the demand is increasing in the developing countries. Over 70% of the increased energy demand is from developing countries, led by China and India. Europe and North America use 70 % of the world energy, although this is only 20% of the world’s population. Oil powered 92% of the vehicles in 2014, but that is expected to fall to between 78% and 60% as electric vehicles are expected to become more popular by 2030. It has been estimated that companies around the world spend around USD 7 billion on big data and analytics. Oil, coal, and gas are collectively expected to account for the majority of global primary energy consumption.

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North America Expected to Hold the Largest Market Share
The demand in North America is mainly driven by a higher focus on innovations through R&D and technology advancement in developed economies, like Canada and the United States, and this growth is also supported by its large consumption of energy. According to the US Energy Information Administration, the total energy consumption is expected to increase by 5% between 2016 and 2040. With such less growth, it is important for companies to efficiently deliver energy and reduce downtime in order to maintain profitability. This drives the market for data analytics in utilities and energy.

This independent 112 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Utility And Energy Analytics market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.

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Key Developments in the Market
• October 2017: Exelon and GE announced multi-year agreement to deploy GE’s portfolio of Predix software solutions across the Exelon’s six electric utilities. This deal is aimed to enhance reliability and efficiency of the service provided to Exelon to more than 10 million customers. The software will be used to predict and manage outages and strengthen the overall performance of electric transmission and delivery system.
• August 2017: Willdan acquired data analytics firm Integral Analytics. Willdan is expected to have made this acquisition to improve their ability to target locational energy savings and micro grids, and to provide the company with a technical advantage on energy efficiency programs. In 2018, it is expected that the acquisition will add approximately USD 10 million in revenue of Willdan

Reasons to Purchase this Report
• Analysis on the rising demand for energy that acts as a driver to the global market scenario
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Identifying the regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

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