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GLOBAL SMART GRID DATA ANALYTICS MARKET FORECAST 2021-2028

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GLOBAL SMART GRID DATA ANALYTICS MARKET FORECAST 2021-2028

According to Inkwood Research, the global smart grid data analytics market is expected to register a CAGR of 10.46% over the forecast years and is anticipated to generate revenue of $3509.95 million by 2028. The base year considered for the market study is 2020, and the forecasting period is from 2021 to 2028.

GLOBAL SMART GRID DATA ANALYTICS MARKET FORECAST 2021-2028

Global 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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According to Inkwood Research, the global smart grid data analytics market is expected to register a CAGR of 10.46% over the forecast years and is anticipated to generate revenue of $3509.95 million by 2028. The base year considered for the market study is 2020, and the forecasting period is from 2021 to 2028.

Over recent years, the amount of data generated has significantly grown. The growth is the result of digitization, undertaken across the majority of sectors. For instance, the power sector requires an infrastructural upgrade, primarily due to the factor of efficiency. As one of the pillars of the economy, the power sector profoundly impacts the economy as well as the environment. Hence, the implementation of smart grid technology increasingly propagates the cost-effective and efficient use of energy.smart-grid-data-analytics-market

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Smart grid data analytics is the crucial component of smart grid infrastructure. The high volume of data generated by the smart grid must be captured and analyzed continuously in order to acquire value from the system installed. Also, the widening sources of energy supply owing to the rising use of renewable sources like solar and wind energy have complicated the grid system. As a result, an extensive smart grid data analysis solution is necessitated for obtaining maximum returns on advanced technology investment.

Key factors propelling the global smart grid data analytics market growth:

  • Need for efficient use of energy
  • Rapid digitization of electricity infrastructure
  • Government regulations and policies
  • Shifting trend towards using renewable energy
  • Availability of a large amount of data
    • A vast volume of data is generated from the smart grid system. However, it is effective only when analyzed with the right solution.
    • Hence, the demand for smart grid data analytics has observed an upsurge, thereby prompting competitors to develop innovative solutions.
    • The use of smart grid data analytics effectively facilitates cost-effective and efficient power consumption.
  • Investments in smart grid projects

Major growth restraining factors:

  • Challenges in terms of interoperability and standardization
  • Security concerns
    • Smart grid technology generates an array of consumer data, susceptible to privacy breaches.
    • Also, there is an involvement of communication technologies between consumers and utilities, likely to be exposed to a security attack.

The report on the global smart grid data analytics market includes the segmentation analysis of deployment, end-user, and solution. These segments are further classified to provide a detailed analysis of the studied market.

Market by Solution:

  • Transmission and Distribution (T&D) Network
    • The transmission and distribution (T&D) network segment is set to dominate the solution category by 2028.
  • Metering
  • Customer Analytics

Geographically, the global smart grid data analytics market has been segmented based on four major regions, which includes:

  • North America: The United States and Canada
  • Europe: Germany, Russia, the United Kingdom, Italy, Belgium, France, Poland, and Rest of Europe
  • Asia-Pacific: Indonesia, India, Japan, China, South Korea, Thailand, Singapore, Australia & New Zealand, and Rest of Asia-Pacific.
    • Asia-Pacific is a rapidly growing contributor to the global smart grid data analytics market.
    • As the fastest-growing region, power infrastructure upgradation and the utilization of renewable energy sources across the Asia-Pacific, along with conventional sources, is projected to drive the smart grid data analytics market. This factor would also help serve the region’s growing economic need with better efficiency.
  • Rest of World: Latin America, the Middle East & Africa

The major market players in the global smart grid data analytics market are:

  • Cisco Systems Inc
  • Itron Inc
  • General Electric Company
  • International Business Machines Corporation
  • Oracle Corporation
  • Others

Key strategies adopted by some of these companies:

In January 2018, Itron acquired Silver Spring Networks, which strengthened its capability to provide innovative solutions for smart utilities infrastructure.

Key findings of the global smart grid data analytics market:

  • Private enterprises are the largest end-user in the global smart grid data analytics market.
  • Cloud-based deployment is the fastest-growing segment under the deployment category.

Frequently Asked Questions & Answers (FAQs):

  • Which is the leading solution in the smart grid data analytics market?

A: The customer analytics is the leading solution in the smart grid data analytics market.

  • Which segment dominated the deployment category in 2020?

A: The on-premise deployment segment dominated the deployment category in 2020.

  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
    • EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • SINGAPORE
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
    • REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA
  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: GLOBAL SMART GRID DATA ANALYTICS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

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

TABLE 4: GLOBAL PRIVATE ENTERPRISES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL PRIVATE ENTERPRISES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL GOVERNMENT ENTERPRISES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL GOVERNMENT ENTERPRISES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

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

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

TABLE 10: GLOBAL TRANSMISSION AND DISTRIBUTION (T&D) NETWORK MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL TRANSMISSION AND DISTRIBUTION (T&D) NETWORK MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL METERING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: GLOBAL METERING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 14: GLOBAL CUSTOMER ANALYTICS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 15: GLOBAL CUSTOMER ANALYTICS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 16: GLOBAL SMART GRID DATA ANALYTICS MARKET, BY DEPLOYMENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 17: GLOBAL SMART GRID DATA ANALYTICS MARKET, BY DEPLOYMENT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 18: GLOBAL CLOUD-BASED DEPLOYMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 19: GLOBAL CLOUD-BASED DEPLOYMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 20: GLOBAL ON-PREMISE DEPLOYMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL ON-PREMISE DEPLOYMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 22: GLOBAL SMART GRID DATA ANALYTICS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL SMART GRID DATA ANALYTICS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 24: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 25: NORTH AMERICA SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 26: EUROPE SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 27: EUROPE SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 28: ASIA-PACIFIC SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 29: ASIA-PACIFIC SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 30: REST OF WORLD SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 31: REST OF WORLD SMART GRID DATA ANALYTICS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 32: LIST OF MERGERS & ACQUISITIONS

TABLE 33: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 34: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 35: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 72: LEADING PLAYERS OPERATING IN REST OF WORLD DIGITAL TRANSFORMATION IN HEALTHCARE MARKET

TABLE 73: LIST OF MERGERS & ACQUISITIONS

TABLE 74: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 75: 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: GLOBAL SMART GRID DATA ANALYTICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

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

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

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

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

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

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

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

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

FIGURE 14: GLOBAL 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)

FIGURE 18: EUROPE SMART GRID DATA ANALYTICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 19: UNITED KINGDOM SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 20: GERMANY SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 21: FRANCE SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: ITALY SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 23: RUSSIA SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: BELGIUM SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: POLAND SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: REST OF EUROPE SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC SMART GRID DATA ANALYTICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 28: CHINA SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: JAPAN SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: INDIA SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 31: SOUTH KOREA SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 32: INDONESIA SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 33: THAILAND SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: SINGAPORE SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: AUSTRALIA & NEW ZEALAND SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: REST OF ASIA-PACIFIC SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: REST OF WORLD SMART GRID DATA ANALYTICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 38: LATIN AMERICA SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 39: MIDDLE EAST & AFRICA SMART GRID DATA ANALYTICS MARKET, 2021-2028 (IN $ MILLION)

  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
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    • EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • SINGAPORE
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
    • REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA

 

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