Energy and Utilities Analytics Market to Reach USD 10.40 Billion by 2030

► Energy and Utilities Analytics Market to Surge at 16.3% CAGR, Reaching USD 10.40 Billion by 2030

The global energy and utilities analytics market is poised for significant growth, with projections indicating an increase from USD 3.61 billion in 2023 to nearly USD 10.40 billion by 2030, at a compound annual growth rate (CAGR) of 16.3%. This surge is driven by the integration of smart technologies, the need for efficient energy management, and the rising demand for sustainable energy solutions.

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► Competitive Landscape

Key players in the market are leveraging strategic collaborations and acquisitions to enhance their market presence and technological capabilities. Prominent companies such as Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP, Schneider Electric, AWS, Google Inc., Salesforce, Teradata, Atos, TIBCO Software, Qlik, BuildingIQ, Inc., Capgemini SE, EnergySavvy Inc., Infosys Limited, SAS Institute Inc., WegoWise, Inc., and Wipro Limited are actively involved in developing advanced analytics solutions to meet the evolving needs of the energy and utilities sector.

► Regional Insights

• United States: Growth and Consolidation

The United States continues to lead in the adoption of energy and utilities analytics, driven by significant investments in smart grid technologies and advanced metering infrastructure (AMI). The U.S. government's initiatives to upgrade energy grids have facilitated the integration of analytics solutions to optimize energy consumption. Notably, NRG Energy announced a $12 billion acquisition of 18 natural gas power plants from LS Power, aiming to double its power generation capacity to approximately 25 gigawatts. This strategic move positions NRG Energy to meet the rising power demands from data centers and other energy-intensive facilities.

• Asia Pacific: Opportunity and Trends

Asia Pacific is emerging as the fastest-growing region in the energy and utilities analytics market, attributed to rapid urbanization, increasing energy demands, and government initiatives promoting smart cities. Countries like China, Japan, India, and South Korea are investing heavily in analytics solutions to enhance energy efficiency and sustainability. The region's focus on integrating renewable energy sources and developing smart infrastructure is creating substantial opportunities for analytics providers.

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• Middle East and Africa: Trends and Updation

The Middle East and Africa are witnessing a gradual adoption of energy and utilities analytics, driven by the need to optimize energy production and distribution. Companies like ACWA Power are investing in renewable energy projects and leveraging analytics to enhance operational efficiency. The region's focus on diversifying energy sources and improving grid reliability is expected to boost the demand for analytics solutions.

• Europe: Consolidation and Growth

Europe is experiencing consolidation in the energy and utilities sector, with significant mergers and acquisitions shaping the market landscape. For instance, EQT and GIC acquired the UK's Calisen at a £4 billion valuation, highlighting the growing interest in companies facilitating sustainable energy usage. The region's commitment to reducing carbon emissions and enhancing energy efficiency is driving the adoption of advanced analytics solutions.

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► Market Segmentation: In-Depth Analysis:

• by Component

1.Solutions
2.Software
3.Services
3.1 Managed Services
3.2 Professional Services
3.2.1. Consulting
3.2.2. Deployment and Integration
3.2.3. Support and Maintenance

Over the course of the projected period, the software segment is anticipated to increase at a CAGR. Utility companies are increasingly using energy and utility analytics technologies to change the underlying infrastructure. Key actors are now required to provide end-to-end advantages throughout the utilities value chain due to the widespread use of analytics. Improved client satisfaction, cost savings, more chances for upselling or cross-selling, and higher brand loyalty are some advantages.

• by Deployment

1. Cloud
1.1. Public Cloud
1.2. Private Cloud
1.3. Hybrid Cloud
1.4. On-premises

• by Application

1. Upstream
1.1. Exploration and Drilling Analytics
1.2. Production Planning and Forecasting Analytics
1.3. Field Surveillance Analytics
1.4. Workforce Management Analytics
1.5. Predictive Asset Analytics
2. Midstream
2.1. Logistics and supply chain Analytics
2.2. Grid Analytics
2.3. Storage Optimization Analytics
3. Downstream
3.1. Pricing Analytics
3.2. Advanced Infrastructure Analytics
3.3. Customer Analytics
3.4. Call Center Optimization

• by Vertical

1. Energy
1.1. Electricity
1.2. Oil and Gas
1.3. Mining
1.4. Renewable Energy
2. Utilities
2.1. Water
2.2. Waste
2.3. Others

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-energy-and-utilities-analytics-market/64623/

► Learn about the top players driving innovation in the Market :

1. Microsoft Corporations
2. Eaton Corporations
3. IBM Corporations
4. Sap Corporations
5. Schneider Electric
6. Aws Corporations
7. Oracle Corporations
8. Google Inc.
9. Salesforce
10.Teradata
11.Atos
12.Tibco Software
13.Qlik
14.Yellowf
15.BuildingIQ, Inc.
16.Capgemini SE
17.EnergySavvy Inc.
18.Infosys Limited
19.SAS Institute Inc.
20.WegoWise, Inc.
21.Wipro Limited

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