Smart Grid Analytics Market by Solution (AMI Analytics, Demand Response Analytics, Asset Management, Grid Optimization, Energy Data Forecasting/Load Forecasting and Visualization Tools) – Worldwide Forecast and Analysis 2014 – 2019
[127 Pages Report] Smart grid analytics market is expected to grow from $1.8 billion in 2014 to $5.5 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 25.0% from 2014 to 2019.
The worldwide roll-out and deployment of millions of smart meters in the utility sector has led to a massive data generation in terms of volume as well as velocity. The overflow of customer-centric as well as grid operation-centric data through numerous sources such as the Advanced Metering Infrastructure (AMI) or the smart meters, Supervisory Control and Data Acquisition (SCADA) systems, intelligent/ learning sensors such as learning thermostats, and other data management systems such as Content Management System (CMS), and Outage Management System (OMS). Also, the back-office as well as front-office system, such as Customer Information System (CIS) and Geographic Information System (GIS) contribute to this huge data generation.
The smart grid analytics market is broadly segmented into AMI analytics, demand response analytics/ advanced analytics for Demand Response Management System (DRMS), asset analytics, analytics for grid optimization, energy data forecasting/ load forecasting, and visualization tools. The scope of application of each solution is different. For instance, AMI analytics solutions cater to AMI deployment, operations, customer billing, revenue protection and other applications; analytics for grid optimization applies to grid operations, voltage and VAR (Volt-Ampere Reactive) optimization, outage management and so on.
The smart grid analytics market has observed faster growth in recent years due to numerous driving factors such as the deployment of smart metering infrastructure giving rise to gigantic volume of data generation, limited nature of non-renewable energy sources, and the rising demand for consumer engagement. The market opportunities in the smart grid analytics environment include the rise in cloud based solutions/ Software-as-a-Service (SaaS) solutions, high demand for system integrators, and focus shift on optimization of grid operation.
Several key solution vendors occupying this market are IBM Corporation, Siemens AG, Opower, SAS Institute, Inc., SAP AG, Oracle Corporation and others. The smart grid market space also involves numerous service providers and system integrators such as Accenture, Capgemini, Wipro and others. The smart grid analytics market research report discusses the strategies and insights of the key vendors in the industry and also provides in-depth study of driving forces and challenges for the market. The report also analyzes the global trends and future growth potentials across different regions.
MarketsandMarkets has segmented the global smart grid analytics market by type of solution, service, deployment model, and geographical region. The report also consists of MarketsandMarkets views of the key players and analysts insights on latest developments that are taking place in the market space. The forecast period for the market research report is 2014 - 2019 with 2013 considered as the base year. The research report covers complete market categorized into following sub-markets:
On the basis of solution type:
- AMI analytics
- Demand response analytics
- Asset analytics
- Analytics for grid optimization
- Energy data forecasting/ load forecasting
- Visualization tools
On the basis of service type:
- Professional services
- Support and maintenance services
On the basis of type of deployment model:
- On-premise
- On-demand (cloud-based)
On the basis of geographical region:
- North America (NA)
- Europe
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America (LA)
In the smart grid analytics market space, the solution vendors such as Siemens AG, IBM Corporation, Opower, SAPAG, and Oracle Corporation as well as the service providers such as Accenture, Capgemini SA and Wipro offer high end data analytics solutions and professional services. The solutions include AMI analytics, demand response analytics/ advanced analytics for Demand Response Management System (DRMS), asset analytics, analytics for grid optimization, energy data forecasting/ load forecasting, and visualization tools. Also, the services include professional services such as consulting services, and system integration services as well as the support and maintenance services.
Smart grid analytics market is growing at a rapid rate and is stirred by various growth drivers such as the deployment of smart metering infrastructure giving rise to gigantic volume of data generation, limited nature of non-renewable energy sources, and the rising demand for consumer engagement. The smart grid analytics market can also thrive in the near future leveraging numerous opportunities in this market space such as the rising demand for system integrators, rise of the Software-as-a-Service/ cloud-based solutions and need of high end analytics solutions for optimization of grid operations. This market is however influenced by a few restraining factors such as lack of skilled workforce and upkeep of prevailing data regulations and standards.
Globally, smart grid analytics adoption rate is increasing in the APAC, LA and MEA region due to the increasing awareness of the benefits of big data analytics amongst the businesses running in the utility industry, particularly the smart grid. This increasing awareness level is significantly pushing the smart grid enterprises to deploy comprehensive big data analytics solutions for their grid assets, their operations and functions as well as for enhanced consumer engagement.
Also, the smart grid analytics solutions are deployed in two major models: on-premise deployment model and on-demand or cloud-based deployment model.
Smart Grid Analytics Market Size, by Region, 2014-2019 ($Billion)
Source: MarketsandMarkets Analysis
The table given above highlights the market size across five regions from 2014 to 2019. Smart grid analytics market is expected to grow from $1.8 billion in 2014 to $5.5 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 25.0% from 2014 to 2019.
Table of Contents
1 Introduction (Page No. -13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Year
1.3.3 Currency
1.3.4 Limitation
1.4 Stakeholders
2 Research Methodology (Page No. -18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data Taken From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data Taken From Primary Sources
2.1.2.2 Key Industry Insight
2.1.2.3 Breakdown of Primaries
2.2 Smart Grid Analytics Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.3.1 Assumptions
3 Executive Summary (Page No. -26)
4 Premium Insights (Page No. -31)
4.1 Attractive Market Opportunities
4.2 Lifecycle Analysis, By Regions
4.3 Market Investment Scenario
4.4 Product Growth Matrix
4.5 Regional Adoption Scenario
5 Market Overview (Page No. -36)
5.1 Introduction
5.2 Market Segmentation
5.2.1 Smart Grid Analytics Market, By Solution
5.2.2 Market By Service
5.2.3 Market By Deployment Model
5.2.4 Market By Organization Size
5.2.5 Market By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rise in Big Data
5.3.1.2 Limited Non-Renewable Energy Sources
5.3.1.3 Consumer Engagement
5.3.2 Restraints
5.3.2.1 Data Regulations and Standards
5.3.2.2 Lack of Skilled Workforce
5.3.3 Opportunities
5.3.3.1 Cloud-Based Solutions
5.3.3.2 Increasing Demand for System Integrators
5.3.3.3 Analytics for Grid Optimization
5.3.4 Challenges
5.3.4.1 Rise of Start-Up Companies
5.3.4.2 Value Over Volume
6 Industry Trends (Page No. -44)
6.1 Value Chain
6.2 Ecosystem
6.3 Porter’s Five Analysis
6.3.1 Threat From New Entrants
6.3.2 Threat From Substitute
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Rivalry
6.4 Strategic Benchmarking
7 Smart Grid Analytics Market, By Solution (Page No. -49)
7.1 Introduction
7.2 AMI Analytics
7.3 Demand Response Analytics
7.4 Asset Management
7.5 Grid Optimization
7.6 Energy Data Forecasting/ Load Forecasting
7.7 Visualization Tools
8 Market, By Service (Page No. -63)
8.1 Introduction
8.2 Professional Services
8.3 Support and Maintenance Services
9 Smart Grid Analytics Market, By Deployment Model (Page No. -68)
9.1 Introduction
9.2 On-Premise Deployment
9.3 On-Demand/ Cloud-Based Deployment
10 Market, By Organization Size (Page No. -73)
10.1 Introduction
10.2 Small Medium Business (SMBS)
10.3 Large Enterprises
11 Smart Grid Analytics Market, By Region (Page No. -78)
11.1 Introduction
11.2 North America (NA)
11.3 Europe
11.4 Asia-Pacific (APAC)
11.5 Middle-East and Africa (MEA)
11.6 Latin America (LA)
12 Competitive Landscape (Page No. -94)
12.1 Overview
12.2 Mergers and Acquisitions
12.3 Venture Fundings
13 Company Profile (Page No. -97)
13.1 Accenture
13.1.1 Business Overview
13.1.2 Products and Services
13.1.3 Strategies and Insights
13.1.4 SWOT Analysis
13.1.5 Recent Developments
13.1.6 MNM View
13.2 Capgemini S.A.
13.2.1 Business Overview
13.2.2 Products and Services
13.2.3 Key Strategy
13.2.4 Recent Developments
13.2.5 MNM View
13.3 EMC Corporation
13.3.1 Overview
13.3.2 Products & Services
13.3.3 Key Strategy
13.3.4 Recent Developments
13.3.5 MNM View
13.4 Hewlett-Packard Company
13.4.1 Business Overview
13.4.2 Products and Services
13.4.3 Key Strategy
13.4.4 Recent Developments
13.4.5 MNM View
13.5 IBM Corporation
13.5.1 Business Overview
13.5.2 Products and Services
13.5.3 Key Strategy
13.5.4 Recent Developments
13.5.5 SWOT Analysis
13.5.6 MNM View
13.6 Opower
13.6.1 Business Overview
13.6.2 Products and Services
13.6.3 Strategies and Insights
13.6.4 Recent Developments
13.6.5 MNM View
13.7 Oracle Corporation
13.7.1 Overview
13.7.2 Products & Services
13.7.3 Key Strategy
13.7.4 Recent Developments
13.7.5 MNM View
13.8 SAP AG
13.8.1 Business Overview
13.8.2 Products and Services
13.8.3 Key Strategy
13.8.4 Recent Developments
13.8.5 SWOT Analysis
13.8.6 MNM View
13.9 SAS Institute, Inc.
13.9.1 Business Overview
13.9.2 Products & Services
13.9.3 Key Strategy
13.9.4 Recent Developments
13.9.5 MNM View
13.10 Siemens AG
13.10.1 Business Overview
13.10.2 Products and Services
13.10.3 Key Strategy
13.10.4 Recent Developments
13.10.5 MNM View
14 Appendix (Page No. -124)
14.1 Discussion Guide
14.2 Introducing RT: Real-Time Market Intelligence
List of Tables (63 Tables)
Table 1 Global Smart Grid Analytics Market: Assumptions
Table 2 Market Size, By Type, 2014-2019 ($ Million)
Table 3 Overall Market Size, 2014-2019 ($ Million)
Table 4 Market Size, By Solution, 2014-2019 ($ Million)
Table 5 AMI Analytics Solution Market Size, By Region, 2014-2019 ($ Million)
Table 6 AMI Analytics Solution Market Size, By Organization Size, 2014-2019 ($ Million)
Table 7 AMI Analytics Solution Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 8 Demand Response Analytics Smart Grid Analytics Market Size, By Region, 2014-2019 ($ Million)
Table 9 Demand Response Analytics Market Size, By Organization Size, 2014-2019 ($ Million)
Table 10 Demand Response Analytics Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 11 Asset Management Market Size, By Region, 2014-2019 ($ Million)
Table 12 Asset Management Market Size, By Organization Size, 2014-2019 ($ Million)
Table 13 Asset Management Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 14 Grid Optimization Market Size, By Region, 2014-2019 ($ Million)
Table 15 Grid Optimization Market Size, By Organization Size, 2014-2019 ($ Million)
Table 16 Grid Optimization Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 17 Energy Data Forecasting Market Size, By Region, 2014-2019 ($ Million)
Table 18 Energy Data Forecasting Smart Grid Analytics Market Size, By Organization Size, 2014-2019 ($ Million)
Table 19 Energy Data Forecasting Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 20 Visualization Tools Market Size, By Region, 2014-2019 ($ Million)
Table 21 Visualization Tools Market Size, By Organization Size, 2014-2019 ($ Million)
Table 22 Visualization Tools Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 23 Market Size, By Services, 2014-2019 ($ Million)
Table 24 Professional Services Market Size, By Region, 2014-2019 ($ Million)
Table 25 Support and Maintenance Services Market Size, By Region, 2014-2019 ($ Million)
Table 26 Smart Grid Analytics Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 27 On-Premise Deployment Model Market Size, By Region, 2014-2019 ($ Million)
Table 28 On-Premise Deployment Model Market Size, By Type, 2014-2019 ($ Million)
Table 29 Cloud Deployment Market Size, By Region, 2014-2019 ($ Million)
Table 30 Cloud Deployment Market Size, By Type, 2014-2019 ($ Million)
Table 31 Smart Grid Analytics Market Size, By Organization Size, 2014-2019 ($ Million)
Table 32 SMBS Market Size, By Region, 2014-2019 ($ Million)
Table 33 SMBS Market Size, By Type, 2014-2019 ($ Million)
Table 34 Large Enterprises Market Size, By Region, 2014-2019 ($ Million)
Table 35 Large Enterprises Market Size, By Type, 2014-2019 ($ Million)
Table 36 Smart Grid Analytics Market Size, By Region, 2014-2019 ($ Million)
Table 37 NA Market Size, By Type, 2014-2019 ($ Million)
Table 38 NA Market Size, By Solution, 2014-2019 ($ Million)
Table 39 NA Market Size, By Service, 2014-2019 ($ Million)
Table 40 NA Market Size, By Organization Size, 2014-2019 ($ Million)
Table 41 NA Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 42 Europe Smart Grid Analytics Market Size, By Type, 2014-2019 ($ Million)
Table 43 Europe Market Size, By Solution, 2014-2019 ($ Million)
Table 44 Europe Market Size, By Service, 2014-2019 ($ Million)
Table 45 Europe Market Size, By Organization Size, 2014-2019 ($ Million)
Table 46 Europe Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 47 APAC Market Size, By Type, 2014-2019 ($ Million)
Table 48 APAC Market Size, By Solution, 2014-2019 ($ Million)
Table 49 APAC Market Size, By Service, 2014-2019 ($ Million)
Table 50 APAC Smart Grid Analytics Market Size, By Organization Size, 2014-2019 ($ Million)
Table 51 APAC Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 52 MEA Market Size, By Type, 2014-2019 ($ Million)
Table 53 MEA Market Size, By Solution, 2014-2019 ($ Million)
Table 54 MEA Market Size, By Service, 2014-2019 ($ Million)
Table 55 MEA alytics Smart Grid Analytics Market Size, By Organization Size, 2014-2019 ($ Million)
Table 56 MEA Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 57 LA Market Size, By Type, 2014-2019 ($ Million)
Table 58 LA Market Size, By Solution, 2014-2019 ($ Million)
Table 59 LA Market Size, By Service, 2014-2019 ($ Million)
Table 60 LA Market Size, By Organization Size, 2014-2019 ($ Million)
Table 61 LA Smart Grid Analytics Market Size, By Deployment Model, 2014-2019 ($ Million)
Table 62 Mergers and Acquisitions
Table 63 Venture Capital Funding
List of Figures (41 Figures)
Figure 1 Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 The Evolution of Analytics
Figure 5 NA Holds the Highest Market Share for 2014
Figure 6 Top Three Segments for Smart Grid Analytics Market 2014-2019
Figure 7 Attractive Market Opportunities
Figure 8 Geographic Lifecycle Analysis: APAC and Europe Growing Rapidly Following NA
Figure 9 Market Investment Scenario: MEA and APAC Rise as the Best Opportunity Markets for Investment in Next Five Years
Figure 10 New Revenue Pocket for Market Players
Figure 11 NA Commands Over 39.2% Portion of the Market Share in 2014
Figure 12 Market Segmentation: By Solution
Figure 13 Market Segmentation: By Service
Figure 14 Smart Grid Analytics Market Segmentation: By Deployment Model
Figure 15 Market Segmentation: By Organization Size
Figure 16 Market Segmentation: By Region
Figure 17 Market Dynamics
Figure 18 Smart Grid Analytics Market: Value Chain Analysis
Figure 19 Ecosystem
Figure 20 Porter’s Five Analysis
Figure 21 Strategic Benchmarking: Smart Grid Analytics
Figure 22 Rising Demand for Demand Response Analytics and Energy Data Forecasting Solutions is Pushing the Growth of Smart Grid Analytics
Figure 23 Professional Services Lead the Smart Grid Analytics Services Market
Figure 24 Smart Grid Analytics Market, By Deployment Models Market Projection
Figure 25 Market By Organization Size Market Projection
Figure 26 Market By Region
Figure 27 Companies Adopted Inorganic Growth Strategies Such as Acquisition and Agreements Over the Last Three Years
Figure 28 Competitive Analysis: Regional Smart Grid Analytics Market Share
Figure 29 Accenture: Business Overview
Figure 30 Accenture: SWOT Analysis
Figure 31 Cap Gemini: Business Overview
Figure 32 EMC Corporation: Business Overview
Figure 33 HP: Business Overview
Figure 34 IBM Corporation: Business Overview
Figure 35 IBM Corporation: SWOT Analysis
Figure 36 Opower: Business Overview
Figure 37 Oracle Corporation: Business Overview
Figure 38 SAP: Business Overview
Figure 39 SAP AG: SWOT Analysis
Figure 40 SAS Institute, Inc.: Business Overview
Figure 41 Siemens: Business Overview
Growth opportunities and latent adjacency in Smart Grid Analytics Market
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