The global smart grid data analytics are the best solutions utilized to investigate and analyze the extreme amount of data created from the smart grid systems. Such solutions are deployed with an aim to obtain the appropriate predictive analysis of customer behavior and grid issues, thereby optimizing grid proficiency. Smart grid analytics solutions are arranged at the grid owners’ end in order to begin a better decision sustenance system.
According to the report analysis, ‘Europe Smart Grid Data Analytics Market 2020-2027 by Component (Solutions, Services), Deployment (Cloud-based, On-premise, Hybrid), Application, End User, and Country: Trend Outlook and Growth Opportunity’ states that the Europe smart grid data analytics market accounted handsome amount of USD during the review duration and will grow with an effective CAGR during the review duration driven by the growing smart grid investments, the growth in the rate of integration of renewable energy to the prevailing grids and effective technological advancements.
Accenture PLC, Amdocs Corporation, AutoGrid Systems Inc., General Electric Company, Hitachi Ltd, HP Development Company LP, IBM Corporation, Itron Inc., Landis & Gyr Group AG, Opower, Inc., Oracle Corporation, SAP SE, SAS Institute Inc., Schneider Electric SE, Sensus USA Inc. (Xylem Inc.), Siemens AG, Tantalus System Corporation, Uplight Inc., Uptake Technologies Inc. and many more are the key companies which recently operating in the Europe smart grid data analytics market more significantly for leading the highest market growth and registering the great value of market share around the region while spreading the awareness connected to the advantages and benefits of such, increasing the applications and features of such, analysing the strategies and policies of government as well as similar entities, implementing the policies of enlargement and profit making, establishing the several research and development programs, improving the qualitative and quantitative measures of such, delivering the better consumer satisfaction, decreasing the associated prices of such and employing the young and active personnel.
Based on deployment, the Europe smart grid data analytics market is segmented into cloud-based systems, on-premise systems and hybrid system. Based on the applications, the Europe smart grid data analytics market is sectored into grid optimization analysis, demand response analytics, advanced metering infrastructure analysis, asset management and several other applications.
Not only has this, the Europe smart grid data analytics market is presently driven by growing levels of investment in smart grid systems. Utility providers are progressively seeking reliable solutions to improve their grid efficiency, owing to ever-increasing requirement for the electricity. This is anticipated to generate a substantial shift toward smart grid systems throughout the forecast duration. The smart grid data analytics market in Europe is projected to enlarge at a high CAGR during the review period. Growing digitalization of utility functions has propelled the demand for smart grid data analytics around the region. Therefore, in the near years, it is predicted that the market of smart grid data analytics will increase around the globe more significantly over the review duration.
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Europe Smart Grid Data Analytics Market Research Report
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