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Global Utility and Energy Analytics Market 2021 Provides an In-Depth Insight of Sales Analysis, Growth Forecast and Upcoming Trends Opportunities by Types and Application to 2024

Utility and Energy Analytics

Utility and Energy Analytics Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Utility and Energy Analytics market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Meter Operation Accounts for a Significant Share of Analytics Application

– Earlier, utilities used to read meters once per month. However, some have transitioned to capturing meter data every 15 minutes, as well as every hour of every day. As a result, the terabyte of data containing valuable behavioral aspects of the consumer is generated every hour. It is important to mine the values of these data fully and Big Data analytics has become a significant contributor to this industry.
– The insights uncovered through analytics will help in creating behavioral patterns of the consumers, which will in turn help with developing new meter rate plans and services for customers.
– Moreover, with the advent of smart meters, the demand for analytics in the industry has increased with smart meters automating and stimulating usage data generation. In the United Kingdom, with the foundation for smart metering in pl

Market Overview:

  • The utility and energy analytics market was valued at USD 286.8 million in 2018, and it is expected to reach a value of USD 980.5 million by 2024, at a CAGR of 24.9%, over the forecast period (2019-2024). Developed countries continue to consume vast amounts of energy, while the demand is increasing in developing countries. The increased demand is caused in part by the rise in population and by economic development.
  • – In a utility and energy company, there are many sources of Big Data, such as grid equipment, weather data, smart meters, measurements from power systems, GIS data, and data related to asset management. Companies are using this data to bring in operational efficiencies and manage energy demand for end consumers.
  • – The unprecedented explosion of data from the smart meter and smart grid programs, combined with the increasingly complex data retention requirements from regulators and a changing competitive landscape have created new challenges and opportunities for the transmission and distribution companies.
  • – Poor data quality and integration, patchy ownership of data across processes, and fragmented use of analytics are among the prominent challenges that trouble any energy company. Thus, finding a proper analytics approach to a problem and embedding its core competencies for decision making is a challenge of its own.

    Key Manufacturers Like 

  • Oracle Corporation
  • Capgemini SE
  • ABB Corporation
  • IBM Corporation
  • CA Technologies
  • SAS Institute Inc.
  • Siemens AG
  • Schneider Electric SE
  • SAP SE
  • BuildingIQ Inc.
  • Teradata Corporation.

    Scope of the Report:

  • The energy and utility industry typically comprises of power plants generating electricity that is transmitted over long-distance transmission lines and then finally provided over distribution lines to residences and businesses. Big Data and analytics is helping the energy and utility companies overcome the industry challenges through insights based informed decision making.

    Utility and Energy Analytics market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Utility and Energy Analytics market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Utility and Energy Analytics market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Utility and Energy Analytics market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Utility and Energy Analytics market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Utility and Energy Analytics ?
    • Who are Opportunities, Risk and Driving Force of Utility and Energy Analytics market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Utility and Energy Analytics space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Utility and Energy Analytics market opportunities, market risk and market overview of the Market?

    Lastly, the Global Utility and Energy Analytics Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Utility and Energy Analytics Market Report:

    • To provide a detailed analysis of the market structure along with the Utility and Energy Analytics market forecast of various segments and sub-segments of the Utility and Energy Analytics market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Utility and Energy Analytics market trends that influence the global Utility and Energy Analytics market

    Detailed TOC of Utility and Energy Analytics Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Demand for Energy and Increasing Emphasis on a Greener Environment
    4.3.2 Growing Consumer Focus on Energy Consumption Pattern Analysis
    4.4 Market Restraints
    4.4.1 Security Concerns and Compatibility Issues to Challenge the Market Growth
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 Cloud
    5.1.2 On-Premise
    5.1.3 Hybrid Cloud
    5.2 By Type
    5.2.1 Software
    5.2.2 Services
    5.3 By Application
    5.3.1 Meter Operation
    5.3.2 Load Forecasting
    5.3.3 Demand Response
    5.3.4 Distribution Planning
    5.3.5 Other Applications
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 South America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Oracle Corporation
    6.1.2 Capgemini SE
    6.1.3 ABB Corporation
    6.1.4 IBM Corporation
    6.1.5 CA Technologies
    6.1.6 SAS Institute Inc.
    6.1.7 Siemens AG
    6.1.8 Schneider Electric SE
    6.1.9 SAP SE
    6.1.10 BuildingIQ Inc.
    6.1.11 Teradata Corporation

    7 INVESTMENT OUTLOOK

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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