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Surge in Global Energy and Utilities Analytics Market: Promising Market Size, Significant CAGR, Key Drivers, and Emerging Trends
Energy and Utilities Analytics Market Analysis
Sharpening Focus on Renewable Energy Adoption and Smart Grid Development Boosts Energy and Utilities Analytics Market
What Is The Projected Market Size Of The Global Energy and Utilities Analytics Market And Its Growth Rate?
The global energy and utilities analytics market exhibits strong growth potential with promising statistics:
• The market size grew from $3.3 billion in 2024 to $3.84 billion in 2025 at a compound annual growth rate (CAGR) of 16.2%
• The growth in the forecast period is expected to catapult the market size to $7.16 billion in 2029, growing at a compound annual growth rate (CAGR) of 16.9%.
What Is Driving The Growth In The Energy and Utilities Analytics Market?
The energy and utilities analytics market is spearheaded by the rising deployment of smart meters. These smart meters, effectively detecting electrical current flow and voltage at regular intervals, allow real-time data communication for identifying power theft, detecting outages, and avoiding meter data tampering. For example, in 2022, U.S. electric utilities installed approximately 119 million advanced metering infrastructure (AMI) systems, representing around 72% of all electric meters. The rising usage of smart meters is stimulating the growth of the energy and utilities analytics market.
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Who Are the Key Players Driving Energy and Utilities Analytics Market Growth?
Key players shaping the energy and utilities analytics market include:
• Eaton Corporation
• Salesforce Inc.
• International Business Machines Corporation (IBM)
• SAP SE
• Intel Corporation
• General Electric
• Schneider Electric
• Siemens AG
• Cisco Systems Inc.
• Google LLC
• Oracle Corporation
• SAS Institute
What Are The Key Trends In The Energy and Utilities Analytics Market?
Key trends influencing the energy and utilities analytics market include:
• Integration of AI and machine learning
• Adoption of renewable energy sources
• Modernization of grid infrastructure
• Use of data for decision making
• Demand for response management optimization
What Are The Segments Of The Global Energy and Utilities Analytics Market?
The global energy and utilities analytics market is segmented into:
• By Type: Software, Services
• By Deployment Mode: Cloud, On-Premises
• By Application: Load Forecasting, Meter Operation, Distribution Planning, Demand Response, Other Applications
Which Region Leads The Energy and Utilities Analytics Market?
North America ruled the energy and utilities analytics market in 2024. However, regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa also demonstrate significant potential.
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What Is Covered In The Energy and Utilities Analytics Market Global Market Report?
- Market Size Analysis: Analyze the Energy and Utilities Analytics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Energy and Utilities Analytics Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Energy and Utilities Analytics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Energy and Utilities Analytics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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