The Smart Grid Data Analytics Market is expected to mask a CAGR of 3.6% during the projected period. Further, the market was calculated at USD 4.3 billion in 2018 and is anticipated to reach at a valuation of USD 5.1 billion by the end of forecast period.
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Smart grid data analytics is a key sector of the industrial internet of things (IOT) with the potential to help market to address key financial, operational and customer challenges. Innovations in the field of data science, artificial intelligence (AI), and big data analytics (BDA) are allowing seamless and quick integration processing and analysis of multiple data. The smart grid data analytics is majorly growing market in telecommunication industry across the globe. The Information layer is now added to the conventional electricity transmission and distribution network for data collection, storage, and analysis with the help of installation of smart meters and sensors. Companies are now significantly investing in new and potential technologies such as smart grid data analytics; this factor is predicted to rise demand for smart grid data analytics in the coming years. Currently the China is the strongest region in the smart grid data analytics sector, as china is the major producer of renewable energy and coal production compare to other countries, so this factor is projected to drive the growth of market in coming years.
The research offers a comprehensive analysis of smart grid data analytics market with respect to following sub-markets:
- Energy Consumption
- Automotive industry
- Smart Meters
- Information Technology
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as,
- Panasonic Corporation
- Samsung Display corporation
- LG Display
- Microsoft corporation
- Cisco Inc.
- Ricoh Ltd.
- NEC corporation
- FOXCONN tech group
- Hitachi Ltd.
- Other Prominent Players
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Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in Smart Grid Data Analytics Market.
Timeline Considered for Analysis:
2017- Base Year
2018 – Estimated Year
2019 to 2023 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the smart grid data analytics market by the following segments:
- By Application
- By Technology
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Smart Grid Data Analytics Market Industry Report
- What is the overall market size in 2017? What will be the market growth during the forecast period i.e. 2018-2023?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Smart Grid Data Analytics Market
3. Global Smart Grid Data Analytics Market Trends
4. Opportunities in Global Smart Grid Data Analytics Market
5. Recent Type Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Smart Grid Data Analytics Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)
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