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NORTH AMERICA SMART GRID DATA ANALYTICS MARKET FORECAST 2021-2028

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NORTH AMERICA SMART GRID DATA ANALYTICS MARKET FORECAST 2021-2028

The North America smart grid data analytics market is estimated to grow with a CAGR of 9.93% over the forecasting years of 2021 to 2028. The region’s market growth is supplemented by various factors such as the well-established presence of key market players, the surging investments and expenditure on smart grid analytics and smart metering, and the aging transmission and distribution systems.

NORTH AMERICA SMART GRID DATA ANALYTICS MARKET FORECAST 2021-2028

North America Smart Grid Data Analytics Market by End-user ( Private Enterprises, Government Enterprises ) Market by Solution ( Transmission and Distribution (T&d) Network, Metering, Customer Analytics ) Market by Deployment ( Cloud-based Deployment, on-premise Deployment ) by Geography.

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The North America smart grid data analytics market is estimated to grow with a CAGR of 9.93% over the forecasting years of 2021 to 2028. The region’s market growth is supplemented by various factors such as the well-established presence of key market players, the surging investments and expenditure on smart grid analytics and smart metering, and the aging transmission and distribution systems. north-america-smart-grid-data-analytics-market

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The North America smart grid data analytics market growth assessment includes an in-depth analysis of the United States and Canada. As per the 2018 Smart Grid System Report, the annual smart grid data analytics investments in the United States increased by 41% from 2014 to 2016. Moreover, the investments are anticipated to rise to $13.8 billion by 2024. As a result, the United States federal and state government have guaranteed the availability of funding in the form of loans, specifically for research and development and the implementation of innovative digital technologies.

On the other hand, the Energy Information Administration asserted that the United States’ residential electricity surged by nearly 24% over the last decade. Besides, the high average electricity prices encourage the adoption of solar grids for consumption on a domestic scale. This aspect has also resulted in the introduction of distributed electricity networks, owing to which households, as well as small businesses, can direct the surplus energy generated to utilities. Hence, these factors are set to fuel the smart grid data analytics market in the United States over the forecast period.

General Electric Company, headquartered in the United States, offers a fully integrated and comprehensive collection of platform services, cloud applications, and engineered systems. The company also provides computer hardware and software products and services, including application software, database, middleware software, cloud infrastructure, and hardware systems, such as computer servers and other related services and support.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • MARKET SCOPE
      • KEY DRIVERS
        • NEED FOR EFFICIENT ENERGY USE
        • RAPID DIGITIZATION OF ELECTRICITY INFRASTRUCTURE
        • SHIFTING TREND TOWARDS RENEWABLE ENERGY USE
        • GOVERNMENT REGULATIONS AND POLICIES
        • AVAILABILITY OF A LARGE AMOUNT OF DATA
        • INVESTMENTS IN SMART GRID PROJECTS
      • KEY RESTRAINTS
        • CHALLENGES IN TERMS OF INTEROPERABILITY AND STANDARDIZATION
        • SECURITY CONCERNS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON SMART GRID DATA ANALYTICS MARKET
      • KEY INVESTMENT INSIGHTS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • APPLICATION
    2. MARKET BY END-USER
      • PRIVATE ENTERPRISES
      • GOVERNMENT ENTERPRISES
    3. MARKET BY SOLUTION
      • TRANSMISSION AND DISTRIBUTION (T&D) NETWORK
      • METERING
      • CUSTOMER ANALYTICS
    4. MARKET BY DEPLOYMENT
      • CLOUD-BASED DEPLOYMENT
      • ON-PREMISE DEPLOYMENT
    5. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • AMDOCS CORPORATION
        • AUTOGRID SYSTEMS INC
        • CISCO SYSTEMS INC
        • GENERAL ELECTRIC COMPANY
        • INTERNATIONAL BUSINESS MACHINES CORPORATION
        • ITRON INC
        • LANDIS & GYR GROUP AG
        • ORACLE CORPORATION
        • SAS INSTITUTE INC
        • SCHNEIDER ELECTRIC SE
        • SENSUS USA INC
        • SIEMENS AG
        • TANTALUS SYSTEM CORP

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – SMART GRID DATA ANALYTICS

    TABLE 2: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY SOLUTION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY SOLUTION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY DEPLOYMENT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 10: LIST OF MERGERS & ACQUISITIONS

    TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY INVESTMENT INSIGHTS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 6: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY PRIVATE ENTERPRISES, 2021-2028 (IN $ MILLION)

    FIGURE 7: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY GOVERNMENT ENTERPRISES, 2021-2028 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, GROWTH POTENTIAL, BY SOLUTION, IN 2020

    FIGURE 9: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY TRANSMISSION AND DISTRIBUTION (T&D) NETWORK, 2021-2028 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY METERING, 2021-2028 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY CUSTOMER ANALYTICS/ END-USE, 2021-2028 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, GROWTH POTENTIAL, BY DEPLOYMENT, IN 2020

    FIGURE 13: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY CLOUD-BASED DEPLOYMENT, 2021-2028 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY ON-PREMISE DEPLOYMENT, 2021-2028 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 16: UNITED STATES SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 17: CANADA SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY END-USER
      • PRIVATE ENTERPRISES
      • GOVERNMENT ENTERPRISES
    2. MARKET BY SOLUTION
      • TRANSMISSION AND DISTRIBUTION (T&D) NETWORK
      • METERING
      • CUSTOMER ANALYTICS
    3. MARKET BY DEPLOYMENT
      • CLOUD-BASED DEPLOYMENT
      • ON-PREMISE DEPLOYMENT

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