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Smart Grid Analytics Market Size, Share Global Analysis Report, 2020–2026
Smart Grid Analytics Market By Solution Analysis (Grid Optimization, AMI Analytics, Asset Management, Demand Response Analytics, and Others), By Deployment Analysis (Cloud Based, On-Premises, and Hybrid), By Service Analysis (Professional Services, and Support and Maintenance Services), and BY End-User Analysis (Small & Medium Enterprises, Large Enterprises, Public Sector): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
The smart grid analytics market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire smart grid analytics market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the smart grid analytics industry. The report analyzes and declares the historical and current trends analysis of the smart grid analytics industry and subsequently recommends the projected trends anticipated to be observed in the smart grid analytics market during the upcoming years.
Key Insights from Primary Research
- According to the CXO,s working in the smart grid analytics industry, the market is predicted to witness a substantial growth of above 10% during the years 2020-2026.
- Due to the increasing demand for smart grid analytics, the market is expected to develop over USD 2,300 million by 2026. In 2019, the market accounted for USD 1,150 million.
- The solution analysis segment, the AMI Analytics segment headed the market with more than USD 280 million, in 2019 and it is expected to grow over the forecast period owing to Increased investment by energy utilities in the deployment of AMI analytics.
- On the basis of deployment, on-premises dominated the global smart grid data analytics market in 2019. It accounted for more than 58% share of the total market in 2019.
- On the basis of the service, the support and maintenance services segment dominated the global smart grid analytics market in 2019. It accounted for above USD 900 million and is expected to grow during the forthcoming years attributed to the cost and easy availability of its services.
Key Recommendations from Analysts
- Our analysts recommend that the public sector segment is expected to be the fastest-growing market for smart grid analytics during the years to come attributed to the trust of the population in public sector companies and the huge budget provided by the government.
- The Asia Pacific is expected to be the fastest-growing market for smart grid data analytics in the years to come, due to the increasing awareness about the benefits of smart grid analytics and low maintenance cost.
- Owing to the rising investment and technological advancement, North America is expected to boost the market in the forthcoming years.
- The large enterprise's category is anticipated to grow the market attributed of the implementation of the smart grid in their power station and increasing R&D activities.
- Owing to the growing installation of smart meters, new innovations in smart grid technologies, and increasing demand for smart grid analytics, is expected to create lucrative opportunities in the market.
Market Attractiveness By End-User Analysis
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the smart grid analytics industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the smart grid analytics industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the smart grid analytics market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the smart grid analytics industry. The smart grid analytics market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the smart grid analytics sector. Key strategic developments in the smart grid analytics market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the smart grid analytics market are appropriately highlighted in the report.
To examine the data produced from the smart grid network, smart grid analytics solutions are used. It is used for energy and utilities. Smart grid analytics are used in the utility and energy sectors, to enhance the efficiency of utility providers and to prevent the loss that occurs at the time of electricity generation and distribution. The rising investment in the smart grid system may drive the global market. Increasing adoption of the smart grid, increasing innovations in the Internet Of Things (IoT), and growing awareness about the advantages of smart analytics are driving market growth. Moreover, the low maintenance cost is also propelling the market. However, the lack of awareness and low availability of trained workers may impede market growth. On the other hand, growing installations of smart meters are expected to create many opportunities for the global smart grid analytics market.
The smart grid analytics market research report delivers an acute valuation and taxonomy of the smart grid analytics industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the smart grid analytics industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the smart grid analytics industry is provided for the leading economies of the world.
The smart grid analytics market is segmented based on solution analysis, deployment analysis, services analysis, and end-user analysis. On the basis of solution analysis segmentation, the market is classified into grid optimization, AMI analytics, asset management, demand response analytics, and others. In terms of deployment analysis segmentation, the market is bifurcated into cloud-based, on-premises, and hybrid. By services analysis, the market is separated into professional services, support, and maintenance services. And on the basis of end-user analysis, the market is classified into small & medium enterprises, large enterprises, and the public sector.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,150 Million |
Projected Market Size in 2026 |
USD 2,300 Million |
CAGR Growth Rate |
10.8% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
SAP AG, Opower Inc., Siemens AG, Accenture Plc, Capgemini S.A., EMC Corporation, IBM Corporation, SAS Institute Inc., Oracle Corporation, Hewlett-Packard Company, and others. |
Key Segment |
By Solution, By Deployment, By Services, By End-User, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the essential players operating in the smart grid analytics market, but not restricted to include
- Hewlett-Packard Company
- Opower Inc.
- SAP AG
- SAP AG
- Accenture Plc
- Capgemini S.A.
- SAP AG
- SAP AG
- IBM Corporation
- SAP AG
- Oracle Corporation
- SAS Institute Inc.
The taxonomy of the smart grid analytics industry by its scope and segmentation is as follows:
By Solution Segmentation Analysis
- Grid Optimization
- AMI Analytics
- Asset Management
- Demand Response Analytics
- Others
By Deployment Segmentation Analysis
- Cloud-Based
- On-Premises
- Hybrid
By Services Segmentation Analysis
- Professional Services
- Support and Maintenance Services
By End-User Segmentation Analysis
- Small & Medium Enterprises
- Large Enterprises
- Public Sector
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Hewlett-Packard Company
- Opower Inc.
- SAP AG
- SAP AG
- Accenture Plc
- Capgemini S.A.
- SAP AG
- SAP AG
- IBM Corporation
- SAP AG
- Oracle Corporation
- SAS Institute Inc.
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