Press release
Energy Analytics Utility Market Surges Ahead, Fueled by Smart Grid Technology and AI Integration
Energy Analytics Utility Market
Smart grid solutions are at the heart of this transformation. By integrating renewable energy sources and leveraging advanced analytics, these systems boost energy supply reliability and sustainability. For instance, Siemens partnered with PANA Infrastructure in July 2024 to improve Nigeria's power infrastructure with grid automation technologies.
AI and machine learning are also reshaping the energy analytics landscape. These tools enable precise forecasting, real-time decision-making, and efficient energy distribution. AI-driven solutions can detect system inefficiencies, predict equipment failures, and reduce maintenance costs, fostering operational excellence. A testament to this trend, Amperon Holdings, Inc. raised $20 million in October 2023 to advance its AI-powered electricity forecasting capabilities.
To avail Sample Copy of the report @https://www.emergenresearch.com/request-sample/3065
Key Market Drivers: Smart Grid Technology
Smart grid technology is a major growth driver, allowing utilities to gather and analyze data in real-time. This enhances decision-making, improves demand forecasting, and minimizes resource mismatches. Additionally, the integration of renewable energy sources into the grid supports a sustainable energy future.
For example, Siemens' launch of its cloud-based grid simulation software in May 2022 has provided operators with advanced analytical capabilities. This platform enhances collaboration and scalability, ensuring more efficient energy management.
Challenges: Data Quality and Integration
Despite its potential, the Energy Analytics Utility Market faces challenges related to data quality and integration. The diverse formats and standards of data collected from various devices, including IoT sensors and legacy systems, complicate the process of unifying this information. Addressing these issues requires robust data management practices and investment in integration technologies.
Segment Insights: The Rise of Cloud-Based Solutions
The market is segmented by cloud type into Public Cloud, Private Cloud, and Hybrid Cloud. Cloud-based analytics solutions dominate due to their scalability, flexibility, and cost-effectiveness. These platforms allow utilities to implement complex analytical tools without significant upfront investments.
The Hybrid Cloud segment is emerging as the fastest-growing category, blending on-premise and cloud-based systems. This hybrid approach enables utilities to handle sensitive data securely on-premise while utilizing cloud platforms for scalable analytics, striking a balance between efficiency and data security.
Request Customization In The Report @https://www.emergenresearch.com/request-for-customization/3065
Energy Analytics Utility Top Companies and Competitive Landscape
The Energy Analytics Utility industry is characterized by a competitive landscape marked by some major players, including IBM, Siemens, Schneider Electric, and Oracle. Advanced analytics solutions from these companies are leaders in the market to allow utility providers to optimize energy consumption, support improvements in operational efficiency, and minimize costs.
A growing need for data-driven decision-making, urgency by utilities to adapt to renewable energy sources and smart grid technologies are pushing the market. Besides, artificial intelligence and machine learning are making it possible for these companies to innovate solutions that change predictive maintenance, demand forecasting, and more broadly, energy management. In this evolving industry, it is becoming rather important for these traditional utility companies to collaborate with technology firms to fully harness the energy analytics opportunity.
In May 2022, Siemens is bringing its tried-and-true transmission grid simulation software, PSS-E, to the cloud. It uses the same software and user interface, as well as more than 2,000 APIs and scripts.
Some of the key companies in the global Energy Analytics Utility Market include:
IBM Corporation
SAP SE
Oracle
Cisco
Siemens
General Electric
Microsoft
Eaton
Amazon Web Services, Inc.
Schneider Electric
SAS Institute Inc.
Salesforce.com, inc.
Open Text Corporation
Teradata
Intel Corporation
Atos SE
MICROSTRATEGY INCORPORATED
ALTERYX, INC.
TIBCO Software Inc.
Infor
Browse The Full Energy Analytics Utility Market Report Description, Along With The Tocs And List Of Facts And Figures @ https://www.emergenresearch.com/industry-report/energy-analytics-utility-market
Energy Analytics Utility Latest Industry Updates
In May 2022, Siemens has made its time-tested transmission grid modeling software, PSS-E, available via the cloud. It makes use of the same software and user interface, as well as over 2,000 APIs and existing scripts.
In July 202, Microsoft worked with the energy business to help create a more secure, egalitarian, and sustainable future on a global scale. Microsoft is pleased to announce the general release of Azure Data Manager for Energy to support this transformational journey.
In September 2022, Itron and SmartThings cooperated to deliver energy analytic solutions for the utility sector in order to reduce carbon emissions. This will be accomplished through the use of Itron's IIoT solutions, as well as SmartThings energy services and solutions.
Energy Analytics Utility Market Segmentation Analysis
Component Outlook (Revenue, USD Million; 2020-2033)
Solutions
Platform
Software
Asset Management Analytics
Collection Analytics
Smart Meter Analytics
Customer Analytics
Others
Services
Managed Services
Professional Services
Consulting
Deployment and Integrationupport and Maintenance
Deployment Mode Outlook (Revenue, USD Million; 2020-2033)
Cloud
On-Premises
Cloud Type Outlook (Revenue, USD Million; 2020-2033)
Public Cloud
Private Cloud
Hybrid Cloud
Organization Size Outlook (Revenue, USD Million; 2020-2033)
Small and Medium-Sized Enterprises (SMEs)
Large Enterprises
Application Outlook (Revenue, USD Million; 2020-2033)
Upstream
Midstream
Downstream
Vertical Outlook (Revenue, USD Million; 2020-2033)
Oil and Gas
Renewable Energy
Nuclear Power
Electricity
Water
Others
Regional Outlook (Revenue, USD Million; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Click Here To Buy Now @https://www.emergenresearch.com/select-license/3065
Latest Published Reports by Emergen Research:
Energy Analytics Utility Market Size @ https://www.emergenresearch.com/industry-report/energy-analytics-utility-market/market-size
Energy Analytics Utility Market Share @ https://www.emergenresearch.com/industry-report/energy-analytics-utility-market/market-share
Energy Analytics Utility Market Trends @ https://www.emergenresearch.com/industry-report/energy-analytics-utility-market/market-trends
Energy Analytics Utility Regional Market Demand @ https://www.emergenresearch.com/industry-report/energy-analytics-utility-market/regional-market-demand
Energy Analytics Utility Market Analysis @ https://www.emergenresearch.com/industry-report/energy-analytics-utility-market/market-analysis
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Energy Analytics Utility Market Surges Ahead, Fueled by Smart Grid Technology and AI Integration here
News-ID: 3771806 • Views: …
More Releases from Emergen Research
Alginate Dressings Market: Industry Trends, Analysis, Types, Growth, Opportunity …
The global market for alginate dressings is projected to grow significantly, reaching USD 1.86 billion by 2033, up from USD 1.2 billion in 2024, with a compound annual growth rate (CAGR) of 5.00%. This growth is driven by the increasing incidence of chronic and acute wounds, along with the rising number of injuries from accidents and burns worldwide.
Key Drivers of Market Growth
The primary factors fueling the growth of the alginate…
Data Quality Tools Market by Growth, Industry Size, Trends, Shares, By Top Playe …
The global data quality tools market is projected to grow from an estimated USD 2.53 billion in 2024 to USD 9.77 billion by 2033, at a compound annual growth rate (CAGR) of 16.20%. The growth is being driven by the increasing importance of data in decision-making, the rise of digitization, and the expanding use of data quality tools across industries.
Download Free Exclusive Sample PDF@https://www.emergenresearch.com/request-sample/3104
Market Growth Drivers
The significant growth of the…
Data Protection Market Insight, Growth, Industry Trends | Emergen Research
The global data protection market is projected to grow from an estimated USD 135.14 billion in 2024 to USD 546.79 billion by 2033, at a compound annual growth rate (CAGR) of 16.20%. This significant growth is driven by the rising volume of data generated daily, increased use of cloud computing, and growing concerns about data privacy and security across industries.
Download Free Exclusive Sample PDF@https://www.emergenresearch.com/request-sample/3103
Market Growth Drivers
The rapid digital transformation across…
Data Mining Tools Market Share & Size, Growth, Industry Trends | Emergen Researc …
The global data mining tools market is expected to grow from an estimated USD 1.15 billion in 2024 to USD 3.33 billion by 2033, reflecting a compound annual growth rate (CAGR) of 12.50%. This growth is driven by increasing demand for advanced data processing technologies, rising adoption of artificial intelligence (AI) and the Internet of Things (IoT), and the need for data-driven insights across industries.
Download Free Exclusive Sample PDF@https://www.emergenresearch.com/request-sample/3102
Market Growth…
More Releases for Analytics
Security Analytics Market Report 2018: Segmentation by Application (Network Secu …
Global Security Analytics market research report provides company profile for Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett Packard Enterprise (U.S.), EMC RSA (U.S.), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic (Click Security) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of…
Life Science Analytics Market 2025 Future Forecast by Product Overview - Predict …
The growth of the life science analytics market can be attributed to the increasing prevalence of chronic diseases and growing need for improved data standardization. Moreover, use of analytics in precision & personalized medicine, and increasing focus on improving patient outcomes also likely to add new opportunities for the global life science analytics market over the forecast period.
Life Science Analytics Market to 2025 - Global Analysis and Forecasts by Type…
Predictive Analytics Market Report 2018: Segmentation by Type (Services, Solutio …
Global Predictive Analytics market research report provides company profile for Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Predictive Analytics Market (Services, Solutions (Financial Analytics, Risk Anal …
Global Predictive Analytics Market Report 2023,” industry verticals, the Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to have the largest market share during the forecast period. Organizations operating in the BFSI industry vertical are using predictive analytics for effective and efficient management of various processes. Further, the major reason for the rising adoption of predictive analytics can be attributed to the need for minimizing the risks and…
Prescriptive and Predictive Analytics Market By Type (Collection Analytics, Mark …
ResearchMoz presents this most up-to-date research on "Prescriptive and Predictive Analytics Market By Type (Collection Analytics, Marketing Analytics, Supply-Chain Analytics, Behavioral Analytics & Talent Analytics): Global Size, Status and Forecast, 2022".
This report studies the global Prescriptive and Predictive Analytics market, analyzes and researches the Prescriptive and Predictive Analytics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in…
Global Analytics Service Market by Type: Predictive analytics, Prescriptive anal …
Learning Objective
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the…
