Report Description

Smart grid data analytics are data analytics solutions used to analyze data generated from the smart grid network. These solutions can also be defined as a subset of Big Data analytics solutions used specifically for energy & utilities. The main purpose behind using data analytics solutions for the energy & utilities sector is to enable utility providers to optimize their efficiency and minimize losses occurring in electricity generation and distribution. The data is generated from different intelligent components such as smart meters, automated distribution systems, and sensing & measurement devices; this is then transmitted to the utility station for further predictive analysis. Through such predictive analysis, utility providers seek to cater to the ever-increasing demand for electricity more efficiently and with optimum return on investment (ROI).

The market for smart grid data analytics is segmented based on the type of data analytics solutions, service type, deployment models, and the end-users. On the basis of data analytics solutions, the market is segmented into advanced metering infrastructure (AMI) analytics solutions, demand response solutions, grid optimization solutions, asset management solutions, and others. The others segment includes energy forecasting solutions and data visualization tools. The services provided by the utilities provides include professional services (consulting) and support & maintenance services.

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Scope

In 2014, North America accounted for the largest share of over 33%, in terms of revenue, of the global smart grid data analytics market. This is due to the strong penetration of smart grid systems in the U.S., coupled with high investment in the smart grid systems. However, due to increasing investment on smart grid systems from countries such as Australia, China, South Korea, and Japan, Asia Pacific is estimated to register the highest growth in the smart grid data analytics market in the coming years.

Key Players

The major companies operating in the smart grid data analytics market include Accenture Plc., Siemens AG, IBM Corporation, SAP SE, SAS Institute, Inc., Oracle Corporation, EMC Corporation, Opower, Inc., Cap Gemini SA, and Hewlett-Packard (HP) Development Company L.P.

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