To analyze the large amount of data created from the smart grid systems the smart grid data analytics solutions are utilized. Such solutions are positioned with an intention to obtain the effective predictive analysis of customer behavior and grid situations, thereby heightening the grid productivity. The smart grid analytics solutions are positioned at the grid owners’ end in order to establish an effective decision assistance system. The solutions are deployed to analyze the data produced from the dissimilar smart grid components, likewise smart appliances, smart meters, automated distribution systems and several other sensing equipment.
According to the report analysis, ‘Global Smart Grid Data Analytics Market 2020-2027 by Component (Solutions, Services), Deployment (Cloud-based, On-premise, Hybrid), Application, End User, and Region: Trend Outlook and Growth Opportunity’ states that global smart grid data analytics market anticipate to propel more effectively in the near years owing to effective augment in smart grid investments, the surge in the rate of amalgamation of renewable energy to the prevailing grids and 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 global smart grid data analytics market more proficiently for leading the highest market growth and registering the great value of market share around the globe during the review duration while increasing the applications and benefits of such, spreading the awareness connected to the specifications and benefits of such, employing the young and active personnel, analyzing the strategies and policies of government as well as similar entities, implementing the policies of government as well as similar entities, decreasing the linked prices of such, delivering the better consumer satisfaction, improving the qualitative and quantitative measures of such, and establishing the several research and development programs.
Based on the applications, the global smart grid data analytics market is segmented into grid optimization analysis, advanced metering infrastructure analysis, asset management, demand response analytics and several other applications.
Whereas, the advanced metering infrastructure analysis is an integrated system which comprises communication networks, smart meters, and data management systems that deliver a two-way digital link amongst the customer and utilities. The advanced metering infrastructure analysis delivers the several functional benefits to decrease the utility cost and proposes the convenience to the consumers. Not only has this, the advanced metering infrastructure progressively decreases the functioning expenditure by remotely meters, linked or unlinking the service, recognizing the outages by created more accurate bills faster and allows the utilities to deliver the consumer digital access to their utilization information. Thus, the growing installation of smart meters and implementation of advanced metering infrastructure is predicted to boom the smart grid data analytics market throughout the review duration around the globe.
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Global Smart Grid Data Analytics Market Research Report
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