Utility and Energy Analytics Market By Drivers & Strains, Size and Share, Technology, New Innovations, Future Roadmap to 2022
The Global Utility and Energy Analytics Market is valued at USD 1.83 billion in 2016 and is expected to reach a value of USD 4.31 billion by the end of 2022, growing at a projected CAGR of 13.04% during the forecast period of 2017 – 2022.
Dallas, United States – May 12, 2017 /MarketersMedia/ —
The ever-rising demand for energy and the need for environment-friendly means for the same are driving businesses around the globe to invest millions in energy-efficient measures. The global utility energy analytics market is attracting huge investments from companies not only because of our commitments for a greener tomorrow but also because it is considered a very smart operational practice.
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Consumer perceptions of the utility and energy industry have been redefined by global warming and resource use. With the advent of smart grid systems amassing huge chunks of operational and consumption data and the vast untapped potentials of advanced analytics tools and techniques such as the big data platform and cloud computing, the energy and utility industry is set for a revolution. BuildingIQ,’ a San Francisco-based energy analytics company, has helped save USD 700,000 in just the third quarter of 2014. This data alone is enough to show the impact of energy and utility analytics in the corporate world. Many governments have made the use of Advanced Metering Infrastructures (AMIs) mandatory, thereby increasing the need for utility and energy analytics significantly.
The entire utility and energy analytics market is segmented and analyzed separately by technologies used (business analytics, big data platform, optimization services, information integration and governance), deployment (on-premise, cloud and hybrid), applications (meter operation, demand response, distribution planning, revenue protection, load forecasting), and geography (North America, Europe, Middle-East & Africa, Asia-Pacific and Others).
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Some of the key players in the market are:
• ABB
• Capgemini
• CA Technologies
• IBM
• Oracle
• SAP
• SAS
What the Report Offers
• Market definition for utility and energy analytics market, along with identification of key drivers, restraints, and opportunities for the market.
• Market analysis for the global utility and energy analytics market, with region-specific assessments and competition analysis on a regional scale.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
• Identification and analysis of the macro and micro factors that affect the global utility and energy market on the global and regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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Source: MarketersMedia
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