Utility And Energy Analytics Market Size 2022 with 11.04% CAGR : Improve approach around present and emerging technologies for modern and new assets Till 2028

Posted on May 26 2022 4:38 AM

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Global “Utility And Energy Analytics Market” 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028

The global Utility And Energy Analytics market is expected to register a significant CAGR 11.04% during the forecast period 2022-2028. According to Market growth reports latest research Utility And Energy Analytics Industry Know-how optimization stages are solutions which deliver an organization the ability to know the requirement of every individual customer and suggestion the best possible experience for them across all touch points.

The global utility and energy analytics market was valued at USD 2.07 billion in 2022 and is expected to reach a market value of USD 3.95 billion by 2028, registering a CAGR of 11.04% during the forecast period (2022 – 2028). With the increase in the usage of microgrid control system, and other smart grid systems which enables companies to monitor, control, and analyze grid functioning from a central control center, there is a vast untapped potential of advanced analytics tools and techniques, such as the big data platform and cloud computing.

The scope of the report is limited to solutions offered by major players including providers of software, professional services in meter operation, load forecasting, demand response, demand response, and distribution planning. The study also emphasizes on different types of deployment, such as cloud, on-premise, and hybrid.

Rising Demand for Energy is the Major Market Driver

Global energy needs are expected to grow, with fossil fuels remaining the major source of energy in the forecast period. Developed countries continue to consume large amounts of energy while the demand is increasing in the developing countries. Over 70% of the increased energy demand is from developing countries, led by China and India. Europe and North America use 70 % of the world energy, although this is only 20% of the world’s population. Oil powered 92% of the vehicles in 2014, but that is expected to fall to between 78% and 60% as electric vehicles are expected to become more popular by 2030. It has been estimated that companies around the world spend around USD 7 billion on big data and analytics. Oil, coal, and gas are collectively expected to account for the majority of global primary energy consumption.

North America Expected to Hold the Largest Market Share

The demand in North America is mainly driven by a higher focus on innovations through R&D and technology advancement in developed economies, like Canada and the United States, and this growth is also supported by its large consumption of energy. According to the US Energy Information Administration, the total energy consumption is expected to increase by 5% between 2016 and 2040. With such less growth, it is important for companies to efficiently deliver energy and reduce downtime in order to maintain profitability. This drives the market for data analytics in utilities and energy.

Who are some of the Top Manufacture operating in the Utility And Energy Analytics market and how high is the competition 2022?

         ●      Oracle Corporation
         ●      Capgemini SE
         ●      ABB Corporation
         ●      IBM Corporation
         ●      CA Technologies
         ●      SAS Institute Inc
         ●      Siemens AG
         ●      Schneider Electric SE
         ●      SAP SE
         ●      BuildingIQ
         ●      Teradata Corporation

And More

{ Impressive Compound annual growth rate (CAGR) 11.04% With Multiple million USD } 

Get a Sample PDF of Utility And Energy Analytics Market 2022

Utility And Energy Analytics Market Research Report provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

The report covers the key players of the business including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin Sales with an exhaustive investigation of the market's competitive landscape and definite data on vendors and thorough subtleties of elements that will challenge the development of significant market vendors.

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Key questions answered in this report: -

         ●      What will the Utility And Energy Analytics market size be in 2028 and what will the growth rate be?
         ●      What are the key Utility And Energy Analytics market trends?
         ●      What is driving this market?
         ●      What are the challenges to market growth?
         ●      Who are the key vendors in this Utility And Energy Analytics market space?
         ●      What are the Utility And Energy Analytics market opportunities and threats faced by the key vendors?

Top countries data covered in this report:

         ●      North America (U.S., Canada, Mexico)
         ●      Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
         ●      Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
         ●      Latin America (Brazil, Rest of L.A.)
         ●      Middle East and Africa (Turkey, GCC, Rest of Middle East)

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With tables and figures helping analyze Global Utility And Energy Analytics Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market

Detailed TOC of 2022- 2028 Utility And Energy Analytics Market Research Report - Regional Analysis, Top Players, Growth, Shares, Revenue

             ●      Introduction
    1.1 Study Deliverables
    1.2 General Study Assumptions
             ●      Research Methodology
    2.1 Introduction
    2.2 Analysis Methodology
    2.3 Study Phases
    2.4 Econometric Modelling
             ●      Executive Summary
             ●      Market Overview and Trends
    4.1 Introduction
    4.2 Market Trends
    4.3 Porter’s Five Force Framework
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Consumers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products and Services
    4.3.5 Competitive Rivalry within the Industry
             ●      Market Dynamics
    5.1 Drivers
    5.2 Restraints
    5.3 Opportunities
    5.3.1 Growing Demand
    5.3.2 Increasing Demand
             ●      Utility And Energy Analytics Market, Segmentation by Material Type
             ●      Utility And Energy Analytics Market, Segmentation by Type
             ●      Utility And Energy Analytics Market, Segmentation by Vehicle Type
             ●      Utility And Energy Analytics Market, Segmentation by Geography
    9.1 North America
    9.1.1 United States
    9.1.2 Canada
    9.1.3 Mexico
    9.1.4 Others
    9.2 South America
    9.2.1 Brazil
    9.2.2 Argentina
    9.2.3 Others
    9.3 Asia-Pacific
    9.3.1 China
    9.3.2 Japan
    9.3.3 India
    9.3.4 Others
    9.4 Europe
    9.4.1 United Kingdom
    9.4.2 Germany
    9.4.3 France
    9.4.4 Others
    9.5 Africa and Middle East
    9.5.1 UAE
    9.5.2 South Africa
    9.5.3 Saudi Arabia
    9.5.4 Others
             ●      Competitive Landscape
    10.1 Introduction
    10.2 Market Share Analysis
    10.3 Developments of Key Players
             ●      Key Vendor Analysis (Overview, Products & Services, Strategies)
             ●      Future Outlook of the Market
             ●      Disclaimer

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