Market By Deployment, Type, Application And Geography | Forecast 2019-2027
Triton Market Research predicts that the global market for utility and energy analytics would witness a CAGR of 17.46% over the forecast period 2019-2027. The market was assessed to be worth $228.14 million in 2018 and is estimated to generate net revenue of approximately $966.07 million by 2027.
Utility and energy usage analytics refer to an analytical solution that can analyze real-time data or existing data to improve the usage of energy. The need for environment-friendly energy and the rising demand for energy are driving businesses globally to take energy-efficient measures and invest millions in it. The usage of the microgrid control system and other smart grid systems have increased; these systems enable companies to control, monitor and analyze grid functioning using advanced analytics techniques & tools, such as the cloud computing and Big Data platforms. Government regulations are promoting the adoption of smart meters and smart grid solutions that can drive the demand for Big Data analytics in the utility industry.
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Triton Market Research’s report on the utility and energy analytics market provides an in-depth insight into the market. The detailed analysis of the market includes the key market insights, Porter’s five-force analysis, key impact analysis, and the market attractiveness index.
Factors such as the growing consumer focus on energy consumption pattern analysis and the increased demand for energy and utility analytics with an emphasis on renewable energy are expected to foster the growth of the market during the forecast period. There is a rising demand for energy across the world. Consumption of energy continues to be in vast amounts among the developed countries, while in developing countries the demand for energy is gradually increasing. Analytics help utility providers with answers to consumer consumption habits. Forecasting of energy consumption is done using analytics, which plays a vital role in energy generation, and thus, dynamic pricing. Analytics also improve in understanding the amount of energy being used and how it relates to the energy bill. The utility providers provide accurate information about grid updates and power outages to customers, due to which there is customer satisfaction.
Furthermore, the adoption of cloud technology by the energy and utility industry and the development of smart cities and infrastructures are expected to act as growth opportunities for the market. There has been a rise in smart grids, distributed energy resources, and advanced analytics. Utility companies are upscaling their technologies and continuing to become increasingly complex and sophisticated. Companies are investing in cloud technologies and they do not have to worry about any system up-gradation, etc.
Utility and energy analytics have evolved gradually. However, security issues and lack of industrial expertise hinder the growth of the market. A skilled workforce is required to efficiently operate and monitor the systems. Finding a good team that understands data science is arduous for energy enterprise planning to absorb advanced analytics. This is one of the major challenges faced by vendors in the market. Furthermore, the high capital investment required for deployment is one of the key restraining factors of the utility and energy analytics market.
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Key geographies covered in the global utility and energy analytics market are:
• North America: United States and Canada
• Europe: United Kingdom, France, Germany, Spain, Italy, Russia and Rest of Europe
• Asia-Pacific: China, Japan, India, Australia & New Zealand, South Korea, ASEAN Countries and Rest of Asia-Pacific
• Latin America: Brazil, Mexico and Rest of Latin America
• The Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa and Rest of the Middle East & Africa
The segmentation analysis of the utility and energy analytics market:
• Deployment has been sub-segmented into:
O Cloud
O On-premises
O hybrid
• Type has been sub-segmented into:
O Software
O Services
• Application has been sub-segmented into:
O Meter operation
O Load forecasting
O Demand response
O Distribution
O Other applications
The top companies that have been studied in the utility and energy analytics market are Capgemini SE, Oracle Corporation, ABB Corporation, SAS Institute Inc., Siemens AG, IBM Corporation, General Electric Company, SAP SE, Infosys Limited, Wipro Limited, BuildingIQ, Inc., Schneider Electric SE, Teradata Corporation, Cisco Systems Inc. and Eaton Corporation. The strategic analysis for each of these companies in the global utility and energy analytics market has been covered in detail.
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VIEW REPORT1. GLOBAL UTILITY AND 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
2.4.1.
PRICE
2.4.2.
MODE OF DEPLOYMENT
2.4.3.
APPLICATION
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
3.1. CLOUD
3.2. ON-PREMISES
3.3. HYBRID
4. GLOBAL UTILITY AND ENERGY ANALYTICS MARKET
OUTLOOK - BY TYPE
4.1. SOFTWARE
4.2. SERVICES
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
6.1.1.
MARKET BY DEPLOYMENT
6.1.2.
MARKET BY TYPE
6.1.3.
MARKET BY APPLICATION
6.1.4.
COUNTRY ANALYSIS
6.1.4.1. UNITED STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1.
MARKET BY DEPLOYMENT
6.2.2.
MARKET BY TYPE
6.2.3.
MARKET BY APPLICATION
6.2.4.
COUNTRY ANALYSIS
6.2.4.1. UNITED KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. SPAIN
6.2.4.5. ITALY
6.2.4.6. RUSSIA
6.2.4.7. REST OF EUROPE
6.3. ASIA-PACIFIC
6.3.1.
MARKET BY DEPLOYMENT
6.3.2.
MARKET BY TYPE
6.3.3.
MARKET BY APPLICATION
6.3.4.
COUNTRY ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH KOREA
6.3.4.5. ASEAN COUNTRIES
6.3.4.6. AUSTRALIA & NEW ZEALAND
6.3.4.7. REST OF ASIA-PACIFIC
6.4. LATIN AMERICA
6.4.1.
MARKET BY DEPLOYMENT
6.4.2.
MARKET BY TYPE
6.4.3.
MARKET BY APPLICATION
6.4.4.
COUNTRY ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST OF LATIN AMERICA
6.5. MIDDLE EAST AND AFRICA
6.5.1.
MARKET BY DEPLOYMENT
6.5.2.
MARKET BY TYPE
6.5.3.
MARKET BY APPLICATION
6.5.4.
COUNTRY ANALYSIS
6.5.4.1. UNITED ARAB EMIRATES
6.5.4.2. TURKEY
6.5.4.3. SAUDI ARABIA
6.5.4.4. SOUTH AFRICA
6.5.4.5. REST OF 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. BUILDING IQ INC.
7.12. SCHNEIDER ELECTRIC SE
7.13. TERADATA CORPORATION
7.14. CISCO SYSTEMS INC.
7.15. EATON CORPORATION
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE 1: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY GEOGRAPHY,
2019-2027 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY DEPLOYMENT,
2019-2027 (IN $ MILLION)
TABLE 4: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY TYPE, 2019-2027
(IN $ MILLION)
TABLE 5: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY APPLICATION,
2019-2027 (IN $ MILLION)
TABLE 6: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY GEOGRAPHY,
2019-2027 (IN $ MILLION)
TABLE 7: NORTH AMERICA UTILITY AND ENERGY ANALYTICS MARKET, BY COUNTRY,
2019-2027 (IN $ MILLION)
TABLE 8: NORTH AMERICA UTILITY AND ENERGY ANALYTICS MARKET, BY DEPLOYMENT,
2019-2027 (IN $ MILLION)
TABLE 9: NORTH AMERICA UTILITY AND ENERGY ANALYTICS MARKET, BY TYPE,
2019-2027 (IN $ MILLION)
TABLE 10: NORTH AMERICA UTILITY AND ENERGY ANALYTICS MARKET, BY
APPLICATION, 2019-2027 (IN $ MILLION)
TABLE 11: EUROPE UTILITY AND ENERGY ANALYTICS MARKET, BY COUNTRY,
2019-2027 (IN $ MILLION)
TABLE 12: EUROPE UTILITY AND ENERGY ANALYTICS MARKET, BY DEPLOYMENT,
2019-2027 (IN $ MILLION)
TABLE 13: EUROPE UTILITY AND ENERGY ANALYTICS MARKET, BY TYPE, 2019-2027
(IN $ MILLION)
TABLE 14: EUROPE UTILITY AND ENERGY ANALYTICS MARKET, BY APPLICATION,
2019-2027 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC UTILITY AND ENERGY ANALYTICS MARKET, BY COUNTRY,
2019-2027 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC UTILITY AND ENERGY ANALYTICS MARKET, BY
DEPLOYMENT, 2019-2027 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC UTILITY AND ENERGY ANALYTICS MARKET, BY TYPE,
2019-2027 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC UTILITY AND ENERGY ANALYTICS MARKET, BY
APPLICATION, 2019-2027 (IN $ MILLION)
TABLE 19: LATIN AMERICA UTILITY AND ENERGY ANALYTICS MARKET, BY COUNTRY,
2019-2027 (IN $ MILLION)
TABLE 20: LATIN AMERICA UTILITY AND ENERGY ANALYTICS MARKET, BY
DEPLOYMENT, 2019-2027 (IN $ MILLION)
TABLE 21: LATIN AMERICA UTILITY AND ENERGY ANALYTICS MARKET, BY TYPE,
2019-2027 (IN $ MILLION)
TABLE 22: LATIN AMERICA UTILITY AND ENERGY ANALYTICS MARKET, BY
APPLICATION, 2019-2027 (IN $ MILLION)
TABLE 23: MIDDLE EAST AND AFRICA UTILITY AND ENERGY ANALYTICS MARKET, BY
COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 24: MIDDLE EAST AND AFRICA UTILITY AND ENERGY ANALYTICS MARKET, BY
DEPLOYMENT, 2019-2027 (IN $ MILLION)
TABLE 25: MIDDLE EAST AND AFRICA UTILITY AND ENERGY ANALYTICS MARKET, BY
TYPE, 2019-2027 (IN $ MILLION)
TABLE 26: MIDDLE EAST AND AFRICA UTILITY AND ENERGY ANALYTICS MARKET, BY
APPLICATION, 2019-2027 (IN $ MILLION)
FIGURE 1: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY APPLICATION,
2018 & 2027 (IN %)
FIGURE 2: HYBRID UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 3: DISTRIBUTION PLANNING UTILITY AND ENERGY ANALYTICS MARKET,
2019-2027 (IN $ MILLION)
FIGURE 4: PORTER’S FIVE FORCE ANALYSIS
FIGURE 5: KEY BUYING IMPACT ANALYSIS
FIGURE 6: MARKET ATTRACTIVENESS INDEX
FIGURE 7: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY CLOUD,
2019-2027 (IN $ MILLION)
FIGURE 8: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY ON-PREMISES,
2019-2027 (IN $ MILLION)
FIGURE 9: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY HYBRID,
2019-2027 (IN $ MILLION)
FIGURE 10: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY SOFTWARE, 2019-2027
(IN $ MILLION)
FIGURE 11: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY SERVICE,
2019-2027 (IN $ MILLION)
FIGURE 12: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY METER
OPERATION, 2019-2027 (IN $ MILLION)
FIGURE 13: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY LOAD
FORECASTING, 2019-2027 (IN $ MILLION)
FIGURE 14: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY DEMAND
RESPONSE, 2019-2027 (IN $ MILLION)
FIGURE 15: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY DISTRIBUTION
PLANNING, 2019-2027 (IN $ MILLION)
FIGURE 16: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, BY OTHER
APPLICATIONS, 2019-2027 (IN $ MILLION)
FIGURE 17: GLOBAL UTILITY AND ENERGY ANALYTICS MARKET, REGIONAL OUTLOOK,
2018 & 2027 (IN %)
FIGURE 18: UNITED STATES UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027
(IN $ MILLION)
FIGURE 19: CANADA UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 20: UNITED KINGDOM UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027
(IN $ MILLION)
FIGURE 21: GERMANY UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 22: FRANCE UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 23: SPAIN UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 24: ITALY UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 25: RUSSIA UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 26: REST OF EUROPE UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027
(IN $ MILLION)
FIGURE 27: CHINA UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 28: JAPAN UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 29: INDIA UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 30: SOUTH KOREA UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027
(IN $ MILLION)
FIGURE 31: ASEAN COUNTRIES UTILITY AND ENERGY ANALYTICS MARKET,
2019-2027 (IN $ MILLION)
FIGURE 32: AUSTRALIA & NEW ZEALAND UTILITY AND ENERGY ANALYTICS
MARKET, 2019-2027 (IN $ MILLION)
FIGURE 33: REST OF ASIA-PACIFIC UTILITY AND ENERGY ANALYTICS MARKET,
2019-2027 (IN $ MILLION)
FIGURE 34: BRAZIL UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 35: MEXICO UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 36: REST OF LATIN AMERICA UTILITY AND ENERGY ANALYTICS MARKET,
2019-2027 (IN $ MILLION)
FIGURE 37: UNITED ARAB EMIRATES UTILITY AND ENERGY ANALYTICS MARKET,
2019-2027 (IN $ MILLION)
FIGURE 38: TURKEY UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN $
MILLION)
FIGURE 39: SAUDI ARABIA UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027 (IN
$ MILLION)
FIGURE 40: SOUTH AFRICA UTILITY AND ENERGY ANALYTICS MARKET, 2019-2027
(IN $ MILLION)
FIGURE 41: REST OF MIDDLE EAST & AFRICA UTILITY AND ENERGY ANALYTICS
MARKET, 2019-2027 (IN $ MILLION)