DUBLIN--(BUSINESS WIRE)--The "Global Utility and Energy Analytics Market 2019-2027" report has been added to ResearchAndMarkets.com's offering.
According to the author, the global utility and energy analytics market is expected to display a positive market trend over the forecast period of 2019-2027, exhibiting a CAGR of 17.46%.
The rise in focus by consumers on energy consumption pattern analysis is driving the global utility and energy analytics market. Also, the emphasis on renewable energy has been instrumental in raising the demand for energy and utility analytics. However, deploying analytics techniques requires high capital investment, which severely limits the market growth. The utility and energy analytics market also faces certain challenges like the lack of industrial expertise and security concerns, which are hindering its growth.
The energy and utility industry has largely adopted cloud technology, and this factor will help in reaching the projected growth. Also, smart cities & infrastructures are being developed. Technology can play an important role is to manage the city's regions with various government agencies working together more effectively, not just locally but regionally. It can streamline review and approval processes, and promote more effective community outreach and communication. This provides plenty of opportunities to propel the growth of the market further.
The markets in the regions of North America, Latin America, the Asia-Pacific, the Middle East and Africa and Europe have been covered in the report on the global utility and energy analytics market.
The market for utility and energy analytics in the Asia-Pacific region is growing at the fastest rate, owing to the flexible government policies in developing nations, and the enhanced digitization in the region's expanding utility sector. There has been an increase in energy consumption, due to explosive economic growth throughout APAC. This growth also demands efficient management for sustainable development. A high rate of adoption is expected to be witnessed in the countries of India, China, Japan, Australia and South Korea.
The companies that have been mentioned in the utility and energy analytics market report are Eaton Corporation, Cisco Systems, Inc., Teradata Corporation, Schneider Electric SE, BuildingIQ, Inc., Wipro Limited, Infosys Limited, SAP SE, General Electric Company, IBM Corporation, Siemens AG, SAS Institute, Inc., ABB Corporation, Oracle Corporation and Capgemini SE.
ABB Ltd. is a leading global company providing power & automation technologies. It offers products, solutions, systems and services for improving productivity, increasing power reliability and enhancing energy efficiency. The company serves gas, water and electric utilities, along with commercial and industrial customers. ABB has five business divisions: electrification products, power grids, robotics & motion, corporate, industrial automation and other. The company has its operations in Asia, Europe, North America, Latin America and the Middle East & Africa.
Key Topics Covered
1. Global Utility & Energy Analytics Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Hybrid Analytics Is Fastest-Growing In Deployment
2.2.2. Distribution Planning Sector Is The Fastest-Growing Application
2.3. Porter's Five Force Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitute
2.3.3. Bargaining Power Of Suppliers
2.3.4. Bargaining Power Of Buyers
2.3.5. Threat Of Competitive Rivalry
2.4. Key Impact Analysis
2.4.2. Mode Of Deployment
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Market Drivers
2.7.1. Growing Consumer Focus On Energy Consumption Pattern Analysis
2.7.2. Demand For Energy And Utility Analytics Increases With Emphasis On Renewable Energy
2.8. Market Restraints
2.8.1. Deployment Requires High Capital Investment
2.9. Market Opportunities
2.9.1. Energy And Utility Industry Adopts Cloud Technology
2.9.2. Development Of Smart Cities And Infrastructures
2.10. Market Challenges
2.10.1. Security Issues
2.10.2. Lack Of Industrial Expertise
3. Global Utility And Energy Analytics Market Outlook - By Deployment
4. Global Utility And Energy Analytics Market Outlook - By Type
5. Global Utility And Energy Analytics Market Outlook - By Application
5.1. Meter Operation
5.2. Load Forecasting
5.3. Demand Response
5.4. Distribution Planning
5.5. Other Applications
6. Global Utility And Energy Analytics Market - Regional Outlook
6.1. North America
6.4. Latin America
6.5. Middle East & Africa
7. Competitive Landscape
7.1. Capgemini SE
7.2. Oracle Corporation
7.3. ABB Corporation
7.4. SAS Institute Inc.
7.5. Siemens AG
7.6. IBM Corporation
7.7. General Electric Company
7.8. SAP SE
7.9. Infosys Limited
7.10. Wipro Limited
7.11. BuildingIQ Inc.
7.12. Schneider Electric SE
7.13. Teradata Corporation
7.14. Cisco Systems Inc.
7.15. Eaton Corporation
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