Smart Grid Data Analytics market to Grow at a CAGR of +11% CAGR by 2022 According to New Research
Key players profiled in this report are: SAS, Itron, AutoGrid, Sensus, Silver Spring Networks, IBM, Infosys, Microsoft, SAP, Verizon, Accenture, EMC Corporation
Houston, United States – May 5, 2018 /MarketersMedia/ —
The report defines, describes, and forecasts the global cryogenic valve market by type, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the Smart Grid Data Analytics market.
Smart Grid data analysis provides a solution that enables complete analysis of data generated during Smart Grid operations. These solutions are gaining more and more popularity among public service providers and energy companies. Siemens AG, IBM, Oracle, SAS Institute, EMC, Capgemini SA, EMC, Hewlett Packard (HP), Siemens AG, development company LP and SAP SE. In the global marketplace, these companies are expected to continue their drive to focus on product innovation and services. Accenture, a consulting services provider, has acquired the recently announced federal consulting firm Phase One Consulting Group and data analysis company Search Technologies for an unpublished fee. . Accenture Plc. Mergers, acquisitions and acquisitions that have seen company acquisitions, expansion and expansion technologies and executives gain the capabilities they need to gain market dominance.
This report studies the global Smart Grid Data Analytics market, analyzes and researches the Smart Grid Data Analytics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
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SAS, Itron, AutoGrid, Sensus, Silver Spring Networks, IBM, Infosys, Microsoft, SAP, Verizon, Accenture, EMC Corporation
This market growth is projected to be worth +11% during the forecasted period The Pacific market is expected to rise to the highest CAGR during the forecast period mentioned. This growth is largely due to the enormous investment in urbanization of the old grid systems in many regions of Australia, China, Japan, Korea and Southeast Asia. The CAGR of the Asia Pacific market is estimated to be impressive at +13% over the forecast period of 2017-2022.
The demand for cost-effective and sustainable power supplies for producers and consumers in the utilities sector has led the market for smart grid data analytics globally. In an ever-evolving power environment, a huge amount of data is generated by smart meters, sensors, automated dispensing systems, and a variety of other sensing devices. Utilities owners or suppliers utilize this vast amount of data to track demand and consumption, prevent power cuts, and reduce downtime. Another important factor driving the evolution of smart grid data analysis is the increased investment in smart grid systems around the world. The penetration of these roots in the Smart Grid system is expected to significantly speed up the requirements for these solutions in the near future. The international market is also expected to be dominated by the development of big data analysis and Internet of Things (IoT).
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On the other hand, the growth of the global market for Smart Grid data analysis is significantly hampered by the lack of awareness among consumers. In addition, the high initial cost of the Smart Grid system greatly hampers market growth. In addition, most utility service providers, especially in emerging countries, are reluctant to change smart grid systems. This is also a major factor impeding the overall development of the global Smart Grid data analysis system market.
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