openPR Logo
Press release

Smart Grid Data Analytics Market To Experience A Hike In Growth By 2030

07-05-2021 04:52 PM CET | Media & Telecommunications

Press release from: Transparency Market Research

Smart Grid Data Analytics Market To Experience A Hike In Growth

Smart Grid Data Analytics Market in Brief
The global smart grid data analytics market is expected to reach US$ 14,036.9 Mn by 2030 from US$ 4,193.8 Mn in 2020, expanding at a CAGR of 12.8% from 2020 to 2030.
The global smart grid data analytics market is currently driven by rising levels of investment in smart grid systems. Utility providers are increasingly seeking reliable solutions to optimize their grid efficiency, due to ever-increasing demand for electricity. This is expected to create a substantial shift toward smart grid systems during the forecast period. The smart grid data analytics market in Asia Pacific is projected to expand at a high CAGR during the forecast period. Increasing digitalization of utility operations has propelled the demand for smart grid data analytics in the region.
China is the most attractive market in Asia Pacific. The incremental opportunity is significantly higher for China as it accounts for a dominant share in the smart grid data analytics market in the region.
Purchase our Premium Research Report At:<ype=S

Smart Grid Data Analytics Market Definition
The smart grid data analytics market report provides analysis of the global smart grid data analytics market for the period 2018 – 2030, wherein 2019 is the base year, 2020 is the estimated year, and 2021 to 2030 is the forecast period. Data for 2018 has been included as historical information.
Smart grid data analytics are solutions used to analyze the large amount of data generated from the smart grid systems. These solutions are deployed with an intention to gain better predictive analysis of consumer behavior and grid conditions, thereby optimizing grid efficiency. Smart grid analytics solutions are deployed at the grid owners’ end in order to establish a better decision support system. The solutions are developed to analyze the data generated from different smart grid components, such as smart meters, smart appliances, automated distribution systems, and other sensing equipment. The data collected is transferred using two-communication network of the grid for further predictive analysis.
In this report, we analyze the challenges end-users face in acquiring the right smart grid data analytics that can cope with the rapidly changing world. The report also highlights the total revenue generated through the sale of smart grid data analytics across various key regions worldwide.
To understand how our report can bring difference to your business strategy, Ask for a brochure

North America Smart Grid Data Analytics Market – Snapshot
The smart grid data analytics market in North America is anticipated to expand at a rapid pace during the forecast period, followed by Europe. North America remains the leading market for smart grid data analytics, with revenues in 2020 estimated at US$ 1,361.7 Mn.
Most of the smart grid data analytics vendors focus on providing AMI analytics solutions to utility providers in the region. Demand for smart grid data analytics solutions in North America is expected to be driven by the U.S. This is mainly due to the significant investment in smart grid systems in the country.
Key Growth Drivers of the Smart Grid Data Analytics Market
Advancements in Smart Meter and Advanced Metering Infrastructure (AMI) – Advanced metering infrastructure (AMI) is an integrated system which includes smart meters, communication networks, and data management systems that provide a two-way digital link between the customer and utilities. AMI provides various operational benefits to minimize the utility cost and offers convenience to the customer. AMI significantly reduces operating costs by remotely reading meters, connecting/disconnecting the service, identifying outages by generating more accurate bills faster, and enables utilities to provide customers digital access to their usage information. Thus, the increasing installation of smart meters and adoption of advanced metering infrastructure is expected to boost the smart grid data analytics market during the forecast period globally.
Get More Press Releases by TMR:

Key Challenges Faced by Smart Grid Data Analytics Market Players
Most utility providers, predictably, have lower budgets for the improvement/ upgrade of their power grids. Although smart grids offer numerous advantages over conventional distribution systems, majority of utility providers are skeptical about their return on investment on the smart grids. Thus, utility providers prefer to rely on their traditional grid systems due to these uncertainties. Thus, high cost of smart grid systems is anticipated to hamper the smart grid data analytics market during the forecast period.

Contact us:
Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY - 12207,
United States
Tel: +1-518-618-1030 Email:

TMR offers meticulously researched market studies. We are leaders in providing cutting-edge market intelligence reports that are brought out of more than 5 million hours of expertize in market intelligence at the global, national, and local levels.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Grid Data Analytics Market To Experience A Hike In Growth By 2030 here

News-ID: 2321661 • Views: 530

More Releases from Transparency Market Research

Social CRM Market to Rear Excessive Growth During 2020-2030
Social CRM Market: Introduction The social CRM market focuses on capturing the needs of consumers and generates value for them. Social customer relationship management (CRM) provides critical analysis about the market. It enables businesses to build customer relationships and improve their brand presence. The solution helps companies to monitor and analyze their reputation in the market with various keywords such as brand name and company name. Obtain Report Details @
Video Ad Insertion Platform Market: Size Industry Status Growth Opportunity For …
Video ad Insertion Platform Market – Introduction Video ad insertion platform IT enables marketers to serve different advertisements to each viewer based on consumer insights and ad campaign results. Increasing demand for OTT platforms, technological advances, and an increase in the number of internet users are all boosting the video ad insertion platform industry. Furthermore, the 6-second ad is gaining attention on various social media sites. According to new research from
Smart Luggage Market: Analysis, Strategic Assessment, Trend Outlook And Business …
Smart Luggage Market: Introduction Smart luggage are bags with remote lock systems, GPS locator, USB ports for charging the device, remote or app enabled controls, Wi-Fi or Bluetooth connectivity, and solar powered batteries. Smart luggage have anti-theft protection, which provides the user with an alarm or notification when the luggage gets disconnected or is moved out of range. Smart luggage are not only technological advanced but also have a stylish look,
Storage Resource Management Tool Market: Future Growth And Forecast With Signifi …
Global Storage Resource Management Tool Market: Introduction A storage resource management tool enables real-time and historical information for storage infrastructure with regards to capacity and performance, problem determination, device management, and configuration planning and change management. It helps the storage administrator to automate data backup, data recovery, and SAN performance analysis. The tool helps in visualizing relationships and topologies from application to storage array, analyzing health, configurations and capacity growth, and

All 5 Releases

More Releases for Smart

Smart Solutions
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
Smart Mirrors
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Watch: Purchase Drivers
ReportsWorldwide has announced the addition of a new report title Smart Watch: Purchase Drivers to its growing collection of premium market research reports. This ‘360 View Update’ assesses the current state of the smart watch market. It quantifies how consumers purchase, use, and think about both smart watches and traditional watches. Findings help smart watch manufacturers, traditional watch manufacturers, and app developers refine their business strategies at this pivotal time in
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency
Smart Cities
By 2050, the world's population is expected to reach nine billion, with over two thirds of people living in cities. On Tuesday, December 9, ICT and sustainability experts will convene at the German Center for Research and Innovation (GCRI) in New York to discuss future solutions for urban systems. NEW YORK (December 3, 2014) – Urbanization, globalization, demographic and climate change are continually placing higher demands on our cities. How will