openPR Logo
Press release

Smart Grid Data Analytics Market to Undertake Strapping Growth During 2025

03-08-2018 01:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Smart Grid Data Analytics Market to Undertake Strapping Growth

Global Smart Grid Data Analytics Market: Introduction

Smart grid is a new technology that helps the system to run effectively and smart grid data analytics provide the optimized solution to the complete system. Increasing demand for the cost-effective power supply from the consumer end and minimization of production of electricity cost by using the smart grid data analytics owing to its properties drives the growth of the market. To optimize the system and by replacing aged system with the smart meters, sensors, and automation of complete system help the utility owners to operate the complete network efficiently.

Report Overview @ https://www.persistencemarketresearch.com/market-research/smart-grid-data-analytics-market.asp

The data generated by the all the smart meter, sensors and other automated systems are collected and analysed in huge volume, this data can be analysed and estimated from the production and supply. For the effective operation of power system the smart grid data helps the utility service providers to analyse the power demand from consumers end.

Smart grid data analytics helps to collect valuable information generated by all the equipment. It helps to analyse the data and predict the load for future, such as forecasting for short-term, medium-term, and long-term can be achieved. Load forecasting is prediction of future load by taking the previous data which is available. Load forecasting is important in power systems, it helps in operations, as power generated by the generating stations should be equal to the demand from the consumer end and any excessive power generation may turn to huge loss for the utility network.

Another use of smart grid data analytics is identifying the behaviour of load flow. By using the analytics we are able to find out the solutions for the system in an improved manner. Grid is nothing but interconnection of complete power system right from generating station to transmission to substation to local substation to the consumer. Using the smart grid data analytics we are able to identify the peak load and the dip, complete load behaviour. By analysing the load behaviour we are able to reduce the power cuts, which helps the transmission sector, especially the load dispatching centres.

Global Smart Grid Data Analytics Market: Segmentation

The global smart grid data analytics market is segmented as follows:

By solution type, the market is segmented into:

Ami analytics
Demand response
Grid optimization
Asset management
Energy forecasting
Data visualization tools

Global Smart Grid Data Analytics Market: Drivers

For the effective use of power generation and effective operation of power systems, smart grid data analytics helps the system run optimized with improved solutions, which drives the growth of the market. Smart grid data analytic market helps the utility providers to analyse the load behaviour and decrease the power cuts. Growing investments in smart grid data analytics and adoption of new technology in companies such as utility providers have many advantages, which help the generation operations. In monitoring stations this data analytics help in terms of providing the huge volume of daily load data, weekly load data so as to identify the demand from the consumer side.

To estimate the daily load generation in order to meet the exact demand from consumer end helps the utility sectors load operations. Economic operation from transmission to distribution sectors and reacting quickly in abnormal conditions (such as power failure or short circuit) visualizations of load all these factors accounts for the growth of the smart grid data analytics market.

Global Smart Grid Data Analytics: Trends

Increasing demand for smart grid data analytics in end-use sectors. Optimizing solutions for the non-linear systems which help in operating the system is one of the key trends. Rise in automation in industries adopting smart meters, sensors, automated system to collect the data and analyse in a pictorial representation and with high visualization helps understand the system behaviour, store the entire data in cloud, access the data and makes able to take decision from remote locations for the utility sectors is one of the key trends for the smart grid data analytics market.

Global Smart Grid Data Analytics: Regional Outlook

The regional coverage of smart grid data analytics market includes North America, Latin America, Europe, APAC and MEA. The smart grid data analytics market is witnessing significant growth in Europe and North America. Growing adoption of smart grid technologies and effective use of power is one of the key driving factor in North America and Europe. APAC is one of the fastest growing economies, and upsurges in the manufacturing and industrial sectors, where the high adoption of automation and smart grid data analytics in both the utility and end-use sectors drives the growth of the market. Followed by MEA and Latin America.

Global Smart Grid Data Analytics Market: Market Participants

Examples of some of the market participants identified across the value chain include Accenture Plc., IBM Corporation, SAS Institute Inc., EMC Corporation, Siemens AG, EMC Corporation, SAP SE, Hewlett Packard (HP) Development Company L.P., etc.

Get Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/18688

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

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 Smart Grid Data Analytics Market to Undertake Strapping Growth During 2025 here

News-ID: 970215 • Views:

More Releases from Persistence Market Research

Power Quality Equipment Market Size to Reach US$54.2 Billion by 2032, Driven by Rising Demand for Reliable Power Supply
Power Quality Equipment Market Size to Reach US$54.2 Billion by 2032, Driven by …
Market Overview The global power quality equipment market is witnessing significant growth as industries, utilities, and commercial sectors increasingly emphasize uninterrupted and reliable electricity supply. According to Persistence Market Research's projections, the market size is expected to be valued at US$35.8 billion in 2025 and is projected to reach US$54.2 billion by 2032, expanding at a CAGR of 6.1% during the forecast period. This growth is fueled by rapid industrialization, rising
Anaerobic Adhesives Market Size to Reach US$894.5 Million by 2031, Driven by Expanding Industrial Applications and Demand for High-Performance Bonding Solutions
Anaerobic Adhesives Market Size to Reach US$894.5 Million by 2031, Driven by Exp …
Market Overview The global anaerobic adhesives market is experiencing steady growth as industries increasingly adopt advanced bonding solutions that enhance durability, reliability, and performance. According to Persistence Market Research's projections, the market is estimated to rise from US$613.9 million in 2024 to US$894.5 million by 2031, expanding at a CAGR of 5.5% during the forecast period. This growth is fueled by the rising demand from sectors such as automotive, aerospace, electronics,
Textile Coatings Market Size to Reach US$6.8 Billion by 2031, Fueled by Demand for Functional and Durable Fabrics
Textile Coatings Market Size to Reach US$6.8 Billion by 2031, Fueled by Demand f …
Market Overview The global textile coatings market is witnessing steady growth, driven by the rising demand for functional, durable, and performance-enhancing fabrics across industries such as automotive, construction, healthcare, and fashion. According to Persistence Market Research's projections, the market is estimated to increase from US$4.8 billion in 2024 to US$6.8 billion by 2031, expanding at a CAGR of 5.0% during the forecast period. This growth is underpinned by the increasing adoption
Architectural LED Products Market to Reach $23.6 Bn by 2032 Driven by Energy-Efficient Lighting Demand
Architectural LED Products Market to Reach $23.6 Bn by 2032 Driven by Energy-Eff …
The global architectural LED products market is poised for substantial expansion over the next decade. Valued at approximately USD 12.5 billion in 2025, the market is projected to reach USD 23.6 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 9.4% during the forecast period from 2025 to 2032. This growth trajectory underscores the increasing adoption of LED technologies across residential, commercial, and industrial sectors, driven by

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency