Smart Grid Data Analytics Market - Global Industry Analysis and Forecast 2015 – 2022

Transparency Market

Research

Smart Grid data Analytics Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast 2015 –

2022

Published Date

2015-11-30

204 Page Report

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Smart Grid Data Analytics Market to Triple by 2022 :

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Smart Grid data Analytics Market

REPORT DESCRIPTION

Smart grid data analytics are data analytics solutions used to analyze data generated from the smart grid

network. These solutions can also be defined as a subset of Big Data analytics solutions used specifically

for energy & utilities. The main purpose behind using data analytics solutions for the energy & utilities

sector is to enable utility providers to optimize their efficiency and minimize losses occurring in electricity

generation and distribution. The data is generated from different intelligent components such as smart

meters, automated distribution systems, and sensing & measurement devices; this is then transmitted to

the utility station for further predictive analysis. Through such predictive analysis, utility providers seek to

cater to the ever-increasing demand for electricity more efficiently and with optimum return on investment

(ROI).

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The market for smart grid data analytics is segmented based on the type of data analytics solutions,

service type, deployment models, and the end-users. On the basis of data analytics solutions, the market

is segmented into advanced metering infrastructure (AMI) analytics solutions, demand response solutions,

grid optimization solutions, asset management solutions, and others. The others segment includes energy

forecasting solutions and data visualization...