Analytics in Smart Grids Market, 2024
- ID: YEE468GL
- January 2024
- Energy
Market Overview
The market for analytics in smart grids plays a crucial role in assisting utilities in optimizing power transmission and distribution, while also providing added value to customers through the utilization of smart metering and grid infrastructure. The market size is determined by the revenue generated from the sale and licensing of grid analytics software offered by third-party service providers. The global analytics in smart grids market in terms of revenue grew at a CAGR of 8.8% from USD 1,233.9 million in 2020 to USD 1,587.1 million in 2023. This trend is expected to continue in the coming years with the global analytics in smart grids market expected to grow at a CAGR of 12.9% from 2024 to 2029, reaching USD 2,805.0 million in 2029.
The transmission and distribution analytics market is experiencing significant growth due to the increasing deployment of distribution and substation automation systems. This trend is driving the demand for grid analytics in all four regions. In terms of product type, the transmission and distribution analytics segment dominated the market in 2023. In that year, the valuation of this segment reached USD 590.3 million, and it is projected to reach USD 1,015.5 million by 2029.
While North America currently holds the largest market share for analytics in smart grids, accounting for approximately 52.1% of total sales in 2023, the Asia Pacific region is expected to experience the fastest growth during the forecast years. The rapid growth in Asia Pacific is attributed to the region’s high installed base of end points, including distribution networks, substation automation, and smart meters. Furthermore, the emphasis on improving energy access and minimizing financial losses drives the demand for analytics in smart grids in Asia Pacific.
The analytics in smart grids market is characterized by a highly fragmented competitive landscape, primarily due to the diverse range of services offered by market participants and the varied demands of utilities worldwide. This fragmentation creates a dynamic and competitive environment within the industry. The prominent players operating in the global analytics in smart grids market include SAS Institute, Inc., Oracle Corporation, SAP SE, IBM Corporation, General Electric Company, Schneider Electric SE, Siemens AG, Xylem Inc., Cloudera, Inc., ABB Ltd., Itron, Inc., Enel S.p.A., Cognizant Technology Solutions Corporation, Landis+Gyr Group AG, Tableau Software, Inc., Hitachi, Ltd., Honeywell International Inc., Tantalus Systems Holdings Inc., among others.
This study aims to analyze the global market for various segments of analytics in smart grids, including:
Product Type: Transmission and Distribution Analytics, Metering Analytics, and Customer Analytics.
Region: North America, Europe, Asia Pacific, and Rest of World (RoW).
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 5
Part 1. Key Findings 8
Part 2. Scope and Methodology 9
Report Scope 10
Product Type 10
Region 10
Research Methodology 11
Part 3. Analytics in Smart Grids Market Overview 13
Summary 13
Introduction 16
Part 4. Market Dynamics 22
Market Trends 22
Growth Drivers and Future Trends 24
Restraints and Challenges 39
Part 5. Global Analytics in Smart Grids Market by Product Type 42
Transmission and Distribution Analytics 42
Metering Analytics 43
Customer Analytics 46
Part 6. Global Analytics in Smart Grids Market by Region 49
Part 7. North America Analytics in Smart Grids Market 53
Part 8. Europe Analytics in Smart Grids Market 60
Part 9. Asia Pacific Analytics in Smart Grids Market 67
Part 10. Rest of World (RoW) Analytics in Smart Grids Market 75
Part 11. Competitive Analysis 81
Competition Overview 81
Recent Developments 85
Siemens AG 88
Business Overview 88
Contact Information 90
ABB, Ltd. 91
Business Overview 91
Contact Information 94
Schneider Electric SE 95
Business Overview 95
Contact Information 97
General Electric Company 98
Business Overview 98
Power Segment 101
Contact Information 102
Itron, Inc. 103
Business Overview 103
Contact Information 106
Landis+Gyr Group AG 107
Business Overview 107
Contact Information 109
Xylem, Inc. 110
Business Overview 110
Contact Information 114
Honeywell International Inc. 115
Business Overview 115
Contact Information 118
Oracle Corporation 119
Business Overview 119
Contact Information 121
Hitachi, Ltd. 122
Business Overview 122
Contact Information 123
IBM Corporation 124
Business Overview 124
Contact Information 128
SAP SE 129
Business Overview 129
Contact Information 131
SAS Institute, Inc. 132
Business Overview 132
Contact Information 132
Cloudera, Inc. 134
Business Overview 134
Contact Information 134
Enel S.p.A. 135
Business Overview 135
Contact Information 137
Cognizant Technology Solutions Corporation 138
Business Overview 138
Contact Information 140
Tableau Software, Inc. 141
Business Overview 141
Contact Information 141
Tantalus Systems Holdings Inc. 142
Business Overview 142
Contact Information 144
Disclaimer 145
FIGURES AND TABLES
Global Analytics in Smart Grids Market, Net Growth, 2020-2029 (USD Million)
Global Analytics in Smart Grids Market by Product Type, 2020-2029 (USD Million)
Global Analytics in Smart Grids Market by Product Type, CAGR Historic and Forecast, 2020-2029
Global Analytics in Smart Grids Market Share by Region, 2023
Global Analytics in Smart Grids Market by Region, 2020-2029 (USD Million)
Global Analytics in Smart Grids Market by Region, CAGR Historic and Forecast, 2020-2029
North America Analytics in Smart Grids Market, Net Growth, 2020-2029 (USD Million)
North America Analytics in Smart Grids Market by Product Type, 2020-2029 (USD Million)
North America Analytics in Smart Grids Market by Product Type, CAGR Historic and Forecast, 2020-2029
Europe Analytics in Smart Grids Market, Net Growth, 2020-2029 (USD Million)
Europe Analytics in Smart Grids Market by Product Type, 2020-2029 (USD Million)
Europe Analytics in Smart Grids Market by Product Type, CAGR Historic and Forecast, 2020-2029
Asia Pacific Analytics in Smart Grids Market, Net Growth, 2020-2029 (USD Million)
Asia Pacific Analytics in Smart Grids Market by Product Type, 2020-2029 (USD Million)
Asia Pacific Analytics in Smart Grids Market by Product Type, CAGR Historic and Forecast, 2020-2029
Rest of World (RoW) Analytics in Smart Grids Market, Net Growth, 2020-2029 (USD Million)
Rest of World (RoW) Analytics in Smart Grids Market by Product Type, 2020-2029 (USD Million)
Rest of World (RoW) Analytics in Smart Grids Market by Product Type, CAGR Historic and Forecast, 2020-2029
Global Analytics in Smart Grids Tier 1, Tier 2, and Tier 3 Players
Siemens AG Financial Overview (EUR Million)
Siemens AG Revenue, by Segment, 2022
Siemens AG Revenue, by Region, 2022
ABB, Ltd. Financial Overview (USD Million)
ABB, Ltd. Revenue, by Type, 2022
ABB, Ltd. Revenue, by Segment, 2022
ABB, Ltd. Revenue, by Product, 2022
ABB, Ltd. Revenue, by Region, 2022
Schneider Electric SE Financial Overview (EUR Million)
Schneider Electric SE Revenue, by Segment, 2022
General Electric Company Financial Overview (USD Million)
General Electric Company Revenue, by Segment, 2022
General Electric Company Revenue, by Industry, 2022
General Electric Company Revenue, by Region, 2022
General Electric Company Power Segment Revenue (USD Million)
General Electric Company Power Segment Revenue, by Type, 2022
Itron, Inc. Financial Overview (USD Million)
Itron, Inc. Revenue, by Segment, 2022
Itron, Inc. Revenue, by Type, 2022
Itron, Inc. Revenue, by Region, 2022
Landis+Gyr Group AG Financial Overview (CHF Million)
Landis+Gyr Group AG Revenue, by Segment, 2023
Landis+Gyr Group AG Revenue, by Region, 2023
Xylem, Inc. Pumps, Accessories, Parts and Service Revenue (USD Million)
Xylem, Inc. Financial Overview (USD Million)
Xylem, Inc. Revenue, by Segment, 2022
Xylem, Inc. Revenue, by Type, 2022
Xylem, Inc. Revenue, by Region, 2022
Honeywell International Inc. Financial Overview (USD Million)
Honeywell International Inc. Revenue, by Segment, 2022
Honeywell International Inc. Revenue, by Industry, 2022
Honeywell International Inc. Revenue, by Region, 2022
Oracle Corporation Financial Overview (USD Million)
Oracle Corporation Revenue, by Segment, 2023
Oracle Corporation Revenue, by Region, 2023
Hitachi, Ltd. Financial Overview (JPY Billion)
IBM Corporation Financial Overview (USD Million)
IBM Corporation Revenue, by Segment, 2022
IBM Corporation Software Revenue, by Segment, 2022
IBM Corporation Consulting Revenue, by Segment, 2022
IBM Corporation Infrastructure Revenue, by Segment, 2022
IBM Corporation Revenue, by Region, 2022
SAP SE Financial Overview (EUR Million)
SAP SE Revenue, by Segment, 2022
SAP SE Revenue, by Region, 2022
SAS Institute, Inc. Revenue, by Region, 2022
Enel S.p.A. Financial Overview (EUR Million)
Enel S.p.A. Revenue, by Segment, 2022
Enel S.p.A. Revenue, by Region, 2022
Cognizant Technology Solutions Corporation Financial Overview (USD Million)
Cognizant Technology Solutions Corporation Revenue, by Segment, 2022
Cognizant Technology Solutions Corporation Revenue, by Region, 2022
Tantalus Systems Holdings Inc. Financial Overview (USD Thousand)
Tantalus Systems Holdings Inc. Revenue, by Segment, 2022
Tantalus Systems Holdings Inc. Revenue, by Region, 2022
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