Market Overview:
The global smart grid data analytics market reached a value of US$ 1.92 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.9 Billion by 2027, exhibiting a CAGR of 11.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Smart grid data analytics refer to systematic computational solutions used to analyze large amounts of data produced from smart grid systems. They collect valuable information generated by the equipment and help in predicting the load for the future. They consist of forecasting, predictive, prescriptive analytics and optimization. Smart grid data analytics are widely used in demand response, grid optimization and advanced metering infrastructure analysis. They aid in improving grid reliability, efficient energy transmission, and security, lowering management costs, and delivering personalized energy services to consumers and better integration of renewable energy. These solutions are deployed to gain predictive analysis, establish better decision support systems and optimize grid efficiency.
Smart Grid Data Analytics Market Trends:
The increasing product demand by utility service providers across the globe is creating a positive outlook for the market growth. Smart grid data analytics are set up at the end of utility providers to help them in analyzing load behavior, optimizing grid operations, decreasing power cuts and making better decisions. In line with this, the widespread adoption of smart meters by consumers to manage their energy consumption is favoring the market growth. Apart from this, various technological advancements, such as the integration of the internet of things (IoT) that aid in reliable and efficient energy transmission and enhancing security, is providing an impetus to the market growth. Additionally, the introduction of advanced metering infrastructure (AMI) that reduces utility costs and offers convenience to the customer by remotely reading meters and generating more accurate bills faster is positively impacting the market growth. Other factors, including extensive research and development (R&D) activities, growing smart city developments and various government initiatives for the use of renewable sources of power generation, are anticipated to drive the market further toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart grid data analytics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on solution, deployment, application and end use vertical.
Breakup by Solution:
- Transmission and Distribution (T&D) Network
- Metering
- Customer Analytics
Breakup by Deployment:
Breakup by Application:
- Advanced Metering Infrastructure Analytics
- Demand Response Analysis
- Grid Optimization Analysis
- Others
Breakup by End Use Vertical:
- Private Sector (SMEs and Large Enterprises)
- Public Sector
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, AutoGrid Systems Inc., General Electric Company, International Business Machines Corporation, Itron Inc., Landis+Gyr (Toshiba Corporation), SAP SE, SAS Institute Inc., Schneider Electric SE, Sensus USA Inc. (Xylem Inc.), Siemens AG and Tantalus System Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Solution, Deployment, Application, End Use Vertical, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Accenture plc, AutoGrid Systems Inc., General Electric Company, International Business Machines Corporation, Itron Inc., Landis+Gyr (Toshiba Corporation), SAP SE, SAS Institute Inc., Schneider Electric SE, Sensus USA Inc. (Xylem Inc.), Siemens AG and Tantalus System Corporation. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global smart grid data analytics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart grid data analytics market?
- What are the key regional markets?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the deployment?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart grid data analytics market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Grid Data Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Solution
6.1 Transmission and Distribution (T&D) Network
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Metering
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Customer Analytics
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Deployment
7.1 Cloud-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 On-premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Advanced Metering Infrastructure Analytics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Demand Response Analysis
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Grid Optimization Analysis
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End Use Vertical
9.1 Private Sector (SMEs and Large Enterprises)
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Public Sector
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Accenture plc
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 AutoGrid Systems Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 General Electric Company
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 International Business Machines Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Itron Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Landis+Gyr (Toshiba Corporation)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 SAP SE
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 SAS Institute Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 SWOT Analysis
15.3.9 Schneider Electric SE
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Sensus USA Inc. (Xylem Inc.)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 SWOT Analysis
15.3.11 Siemens AG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Tantalus System Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Smart Grid Data Analytics Market: Major Drivers and Challenges
Figure 2: Global: Smart Grid Data Analytics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Grid Data Analytics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Grid Data Analytics Market: Breakup by Solution (in %), 2021
Figure 5: Global: Smart Grid Data Analytics Market: Breakup by Deployment (in %), 2021
Figure 6: Global: Smart Grid Data Analytics Market: Breakup by Application (in %), 2021
Figure 7: Global: Smart Grid Data Analytics Market: Breakup by End Use Vertical (in %), 2021
Figure 8: Global: Smart Grid Data Analytics Market: Breakup by Region (in %), 2021
Figure 9: Global: Smart Grid Data Analytics (Transmission and Distribution (T&D) Network) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Smart Grid Data Analytics (Transmission and Distribution (T&D) Network) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Smart Grid Data Analytics (Metering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Smart Grid Data Analytics (Metering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Smart Grid Data Analytics (Customer Analytics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Smart Grid Data Analytics (Customer Analytics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Smart Grid Data Analytics (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Smart Grid Data Analytics (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Smart Grid Data Analytics (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Smart Grid Data Analytics (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Smart Grid Data Analytics (Advanced Metering Infrastructure Analytics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Smart Grid Data Analytics (Advanced Metering Infrastructure Analytics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Smart Grid Data Analytics (Demand Response Analysis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Smart Grid Data Analytics (Demand Response Analysis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Smart Grid Data Analytics (Grid Optimization Analysis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Smart Grid Data Analytics (Grid Optimization Analysis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Smart Grid Data Analytics (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Smart Grid Data Analytics (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Smart Grid Data Analytics (Private Sector (SMEs and Large Enterprises)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Smart Grid Data Analytics (Private Sector (SMEs and Large Enterprises)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Smart Grid Data Analytics (Public Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Smart Grid Data Analytics (Public Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Smart Grid Data Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Smart Grid Data Analytics Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Smart Grid Data Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Smart Grid Data Analytics Industry: SWOT Analysis
Figure 81: Global: Smart Grid Data Analytics Industry: Value Chain Analysis
Figure 82: Global: Smart Grid Data Analytics Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Smart Grid Data Analytics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Grid Data Analytics Market Forecast: Breakup by Solution (in Million US$), 2022-2027
Table 3: Global: Smart Grid Data Analytics Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 4: Global: Smart Grid Data Analytics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Smart Grid Data Analytics Market Forecast: Breakup by End Use Vertical (in Million US$), 2022-2027
Table 6: Global: Smart Grid Data Analytics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Smart Grid Data Analytics Market: Competitive Structure
Table 8: Global: Smart Grid Data Analytics Market: Key Players