Press release
Utility Analytics and Energy Analytics Market Headed for Growth and Global Expansion by 2020
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The market for utility analytics and energy analytics can by segmented by different solutions and technologies available, by various applications which includes meter operation, load forecasting, demand response, revenue protection and distribution planning. The market can also be categorized based on type of deployment which includes cloud, hybrid and on premises.
The market is growing on the back of the factors such as rising demand for energy, need for the greener environment and rising demand from the consumer to know their energy consumption pattern. The market is estimated to grow at a double digit growth rate in the years to come. North America is expected to be the biggest market in terms of revenue generation, followed by Europe.
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Companies to take an advantage in the market must insights into performance and usage across the network to take extra effective decisions. Some of the major participants of the market are Oracle, Siemens, IBM, ABB and Schneider, with their strong portfolios in energy analytics. Apart from these many others players are entering the market offering energy analytics solution which shows the huge potential of the market at present as well as in future also.
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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