Market for energy and utilities
Opening section
According to Maximize Market Research, the worldwide market for Analytics from Energy & Utilities in 2023 was appreciated on USD 3.61 billion and is expected to reach USD 10.40 billion by 2030, with a robust CAGR of 16.3% from 2024 to 2030.
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Important highlights
Market size & CAGR: USD 3.61 billion in 2023 to USD 10.40 billion in 2030, with a CAGR of 16.3%.
Leading region: North -America dominates, driven by advanced infrastructure and AMI deployment.
Fast-growing region: Asia-Pacific is rapidly expanding, supported by smart grid and urbanization initiatives.
Drivers: growth powered by smart meters, AI/ml analysis, renewable integration and legal mandates for operational efficiency.
Limitations: integration challenges with legacy systems and limited acceptance of customer-oriented analyzes.
The most important players: Microsoft, Eaton, IBM, SAP, Schneider Electric, AWS, Oracle, Google, Salesforce, Tibco, Buildingiq, Capgemini, Infosys, Sas, EnergySavvy, Wipro and more.
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Body content
Market forecasts
The Market Energy & Utilities Analytics is ready for considerable expansion, which grows from USD 3.61 billion in 2023 to USD 10.40 billion by 2030, with a CAGR of 16.3%. Analytics transform the prediction of the utility activities from the demand for decentralized generation management.
Regional insights
Northern America leads as a result of adult AMI infrastructure, encouragement of regulations and high acceptance of analysis platforms.
Asia-Pacific is the fastest growing region, with robust smart grid and renewable energy investments, in particular in China, India and Southeast Asia.
Applications and segments
Analytics entails software and services, including predictive asset management, grid optimization and customer insights that are used through on-premises, cloud or hybrid models in energy and tools sectors.
Drivers and trends
Smart Meter and Grid Infrastructure: Expansion of AMI and IoT devices generate critical data for analyzes.
AI & Machine Learning: AI-driven predictive analyzes improve reliability and operational efficiency.
Regulation and renewable energy sources: worldwide mandates for sustainability and renewable integration are feeding the implementation of analyzes.
Challenges
Legacy System Integration: older infrastructure and Siled Data Hinder extensive analysis acceptance.
Limited customer analyzes: utilities often lack the infrastructure for customer -oriented analyzes, thereby limiting involvement.
Competitive landscape
A diverse ecosystem of global analysis providers that vary from technical giants such as Microsoft, IBM and SAP to consultancy firms such as Capgemini, to Utility-oriented innovators such as Buildingiq and Energy-Drive Technological Innovation and Market Expansion.
For more information about the findings of this study, check:https://www.maximizemarketResearch.com/market-report/global-energy-and-utilities-alyticsmarket/64623/
Quote
“Analytics will increasingly be essential for navigating energy -consusing utility companies with the intelligence to optimize rasters, integrate renewable energy sources and improve customer involvement,” said an industrial analyst. “With the market forecast of Energy & Utilities Analytics that have been determined for the growth of triple figures up to 2030, tackling legacy integration and customer insights will determine leaders of Laggards.”
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