Press release
Smart Grid Analytics Market Report Analysis Key Trends, Application areas and Forcast By 2030
Global Smart Grid Analytics Market
A smart grid is defined as a set of advanced technology and tools in an electrical network for monitoring and managing the supply of electricity from various sources to meet different consumer demands. Smart grid analytics is the analysis of information collected allowing businesses to make useful and future-oriented decisions and stay ready for many changes in the demand or supply of electricity.
Smart grids have become essential in today's modern world as they allow coordination and the ability to supply electricity from all grid operators, generators, users, and market stakeholders resulting in optimum operation of all parts in the system thus improving energy efficiency. With the growing population, industrialization, and practically the entire world running on a constant supply of electricity, the world has reached a stage where smart and data-backed decisions are the only way forward for sustainable growth.
Smart grid analytics are important because they can mine the immense data collected by smart grids and convert them into meaningful information. Some of the related data are weather factors and real-time asset metrics which when applied to analytics, performance of the connected devices can be optimized. It is beneficial for the economic growth of businesses as well since it can help control operational expenses while delivering customized energy solutions to consumers and offering upgraded grid reliability.
The global smart grid analytics market is projected to grow owing to the high demand for an equal and constant supply of energy across regions including urban and rural areas in under-developed economies. Growing emphasis on renewable sources of energy may also help higher adoption of smart grids and related systems like analytics due to consumer awareness and initiatives undertaken by government and responsible authorities to promote the use of green or clean energy.
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Global Smart Grid Analytics Market: Major Players
Capgemini SE
IBM Corporation
LP
AutoGrid Systems Inc.
HP Development Company
Amdocs Corporation
Itron Inc.
EMC Corporation
Sensus
Hitachi Consulting Corporation
Verizon
SAP SE
Siemens AG
Infosys Limited
SAS Institute Inc.
Oracle Corporation
Global Smart Grid Analytics Market: By Types
AMI analytics
Demand response analytics
Asset analytics
Analytics for grid optimization
Others
Global Smart Grid Analytics Market: By Applications
Professional Services
Support & Maintenance Services
Global Smart Grid Analytics Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Smart Grid Analytics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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