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.

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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.

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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.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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