Skip to main content

Energy Utility Analytics Market: Rising Energy Demand Worldwide to Remain Key Influencer of Growth By 2024

To capitalize on prevailing opportunities in the energy sector, companies operating in the utility and energy industry are transitioning from conventional to smarter energy systems to facilitate transmission of information in newer and more effective ways. In a report, titled “Energy Utility Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” Transparency Market Research (TMR) provides a comprehensive overview of the various factors supporting or restraining the market’s trajectory between 2016 and 2024.
Energy utility analytics facilitate real-time analysis of various process, thus enabling in operation optimization via isolation of failures and inefficiencies. The global energy utility analytics market operates on paradigms such as risk management & vendor performance, spend analytics, demand forecasting, inventory optimization, logistics and routine analytics, and predictive analytics. Considering the surging energy demand, the report presents positive forecast for the global energy utility analytics market. Besides this, consumers nowadays are more willing to curb their energy consumption more than ever. Therefore the demand for energy consumption pattern among consumers has increased as well, which is expected to augur well for the global energy utility analytics market.
In addition, favorable government initiatives have created an environment conducive to the market’s growth across major economies. Various policies adopted and covered under Advanced Metering Infrastructure (AMI) have significantly contributed to the market’s growth. Integrating analytics in the energy and utility sector has reaped positive results for the energy sector in the past. The whole monitoring and tracking operations have gotten easier with this integration, impelling more number of companies in the sector to invest in energy utility analytics. Also maintaining infrastructure and managing risks in the energy and utility sectors have become easier with the integration of energy utility analytics.
Among the various regional markets, North America has exhibited considerable adoption of energy utility analytics. Other lucrative markets for the same are Latin America, Asia Pacific, Europe, and Rest of the World. While developed countries command over a major share in the market, emerging nations are slowly coming at fore as their governments look for more advanced methods to keep track of energy consumption patterns. According to TMR, North America and Europe is expected to remain leading regional markets. However, during the forecast period, the market is expected to witnessing increasingly rising lucrative opportunities in the Middle East and Africa and Asia Pacific.
Enter your information below to receive a sample copy of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18281
By type, the global energy utility analytics market can be bifurcated into software and services. Based on application, load research & forecasting, predictive maintenance, and transmission and distribution are among the key segments in the global energy utility analytics market. Some of the prominent companies operating in this market are SAP SE, IBM Corporation, Eaton Corporation, Intel Corporation, Ericsson, Schneider Electric Company, Cisco Systems Inc., Oracle Corporation, Infosys, TIBCO Software Inc., Capgemini, and Wipro.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...
Post a Comment
Read more

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Virtual pipeline system market - Demand of cleaner energy alternatives, Trends 2025

Powered by the advancing concerns over renewability of energy sources has affected the natural gas industry positively. The transportation of oil and natural gas in a brisk, albeit safe manner has never been such an urgent requirement. With pipelines being the most common approach, they are the primary choice of supply of energy sources. Physical pipelines, being confined to specific geography, are not found to be effective in terms of unfeasible terrains or technically inaccessible areas. As a result, the virtual pipeline industry has been gaining recognition, and is slated to be one of the fastest growing markets in the upcoming years. According to a report published by Transparency Market Research (TMR), the global virtual pipeline industry is anticipated to witness a steady growth during the forecast period of 2017-2025. The industry opportunity is expected to be supported by the brisk acceleration of the demand of transportation of liquid energy resources. Industrial space...
Post a Comment
Read more