"Energy and Utility Analytics Market by Type , Application, Vertical , Deployment – Global Forecast to 2021" is a professional and in-depth study.
MRRS adds "Energy and Utility Analytics Market by Type , Application, Vertical , Deployment – Global Forecast to 2021" latest studies,published in December 2016. It is a professional and in-depth study.
The global energy and utility analytics market size is estimated to grow from USD 1.81 billion in 2016 to USD 3.41 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.5%%. Dynamic forecasting and load management, operational efficiency and risk mitigation, increasing government initiatives for Advanced Metering Infrastructure (AMI), and predictive analytics for businesses are the factors that are driving the growth of energy and utility analytics market.
The data generated from forecasting and load management can prove to be critical as it provides unprecedented insights into asset utilization (and downtimes), real-time demand and supply gaps, and consumption behavior patterns, parameters that are important for business growth. Due to these factors, dynamic forecasting and load management has tremendous potential to be a huge driving factor for the energy and utility analytics market.
“Infrastructure software accounts for the largest market share during the forecast period”
Infrastructure software in the energy and utility analytics market ensures that the business applications and processes in this industry keep running effectively. The high demand for infrastructure software in energy and utility analytics is due to its ability to configure automatic alerts for its users about the best practices based on their current activities and related job position. The infrastructure software of energy and utility analytics is further categorized into risk analytics, asset optimization analytics, and smart grid analytics, among which asset optimization analytics has the largest market share, whereas smart grid analytics is projected to have the highest growth rate during the forecast period.
Figure And Tables
TABLE 1 ENERGY AND UTILITY ANALYTICS MARKET SIZE AND GROWTH,
2014–2021 (USD BILLION, Y-O-Y %) 26
TABLE 2 ENERGY AND UTILITY ANALYTICS MARKET SIZE, BY TYPE,
2014–2021 (USD MILLION) 46
TABLE 3 ENERGY AND UTILITY ANALYTICS MARKET SIZE, BY SOFTWARE,
2014–2021 (USD MILLION) 47
TABLE 4 ENERGY AND UTILITY ANALYTICS MARKET SIZE, BY INFRASTRUCTURE,
2014–2021 (USD MILLION) 48
TABLE 5 RISK ANALYTICS: ENERGY AND UTILITY ANALYTICS MARKET SIZE, BY REGION, 2014–2021 (USD MILLION) 48
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