Market Size of Utility Analytics and Energy Analytics Market, Forecast Report 2014-2020

Utility Analytics and
Energy Analytics
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Report Description
To take an advantage of new opportunities, utility and energy companies are
transforming their systems into smarter energy systems which will feature a two
way flow of information and energy. But there is increasing pressure on the
companies to deliver consistent and cost effective sources of energy at the same
time keeping environmental concerns in mind.
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The market for utility analytics and energy analytics can by segmented by
different solutions and technologies available, by various applications which
includes meter operation, load forecasting, demand response, revenue protection
and distribution planning. The market can also be categorized based on type of
deployment which includes cloud, hybrid and on premises.
Report Description
The market is growing on the back of the factors such as rising demand for
energy, need for the greener environment and rising demand from the consumer
to know their energy consumption pattern. The market is estimated to grow at a
double digit growth rate in the years to come. North America is expected to be
the biggest market in terms of revenue generation, followed by Europe.
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Companies to take an advantage in the market must insights into performance
and usage across the network to take extra effective decisions. Some of the major
participants of the market are Oracle, Siemens, IBM, ABB and Schneider, with
their strong portfolios in energy analytics. Apart from these many others players
are entering the market offering energy analytics solution which shows the huge
potential of the market at present as well as in future also.
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