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Report
Utility and Energy Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 142 Pages I IMARC Group
The global utility and energy analytics market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.9 Billion by 2028, exhibiting a growth rate (CAGR) of 18.18% during 2022-2028.
Utility and energy analytics aid in analyzing useful data concerning electricity distribution and consumption in real-time. They also provide inaccessible information on customer consumption patterns, preferences, and decisions. This information helps uncover forecast demand, manage energy constraints effectively, improve regulatory compliance, prevent fraud and loss, and enhance customer satisfaction. It also assists utilities in encouraging electricity conservation. Moreover, leading companies are offering utility and energy analytical solutions that enable utilities to improve operations via a unified and comprehensive view of their assets.
Utility and Energy Analytics Market Trends:
Surging electricity demand due to rapid urbanization, rising global population and the increasing dependence on electrical appliances is propelling utilities around the world to upgrade infrastructure and maximize grid and load efficiency. This, in turn, is resulting in the increasing data volume and complexity and encouraging the adoption of utility and energy analytics across the globe. These analytical devices help companies deliver reliable, safe, and affordable energy. Apart from this, the increasing utilization of smart water meters on account of the rising consumption of potable water for domestic, commercial, and industrial applications are contributing to market growth. Utility and energy analytical devices combine data from smart meters with billing information to predict energy demand. Furthermore, key players are offering solutions that can measure information about an asset, including data history, maintenance records, and operating conditions. They also provide deep insights into operations, which assist utility companies in shifting from costly time-based asset management to a more informed reliability-based approach. Additionally, as new approaches are significant to meet the present need for performing complex historical analysis and reporting, the demand for utility and energy analytical devices is increasing worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global utility and energy analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, deployment, application and vertical.
Breakup by Type:
Solutions
Services
Breakup by Deployment:
Cloud-based
On-premises
Breakup by Application:
Load Forecasting
Customer Analytics
Grid Analytics
Asset Management
Smart Meter Analytics
Others
Breakup by Vertical:
Oil and Gas
Renewable Energy
Nuclear Power
Electricity
Water
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., BuildingIQ Inc., Capgemini SE, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Schneider Electric SE, Siemens AG, Salesforce.com Inc., Teradata Corporation and TIBCO Software Inc.
Key Questions Answered in This Report
1. How big is the global utility and energy analytics market?
2. What is the expected growth rate of the global utility and energy analytics market during 2023-2028?
3. What are the key factors driving the global utility and energy analytics market?
4. What has been the impact of COVID-19 on the global utility and energy analytics market?
5. What is the breakup of the global utility and energy analytics market based on the type?
6. What is the breakup of the global utility and energy analytics market based on the deployment?
7. What is the breakup of the global utility and energy analytics market based on the application?
8. What is the breakup of the global utility and energy analytics market based on the vertical?
9. What are the key regions in the global utility and energy analytics market?
10. Who are the key players/companies in the global utility and energy analytics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Utility and Energy Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Solutions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment
7.1 Cloud-Based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 On-Premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Load Forecasting
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Customer Analytics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Grid Analytics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Asset Management
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Smart Meter Analytics
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Vertical
9.1 Oil and Gas
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Renewable Energy
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Nuclear Power
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Electricity
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Water
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 BuildingIQ Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Capgemini SE
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 International Business Machines Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Oracle Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 SAP SE
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 SAS Institute Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 SWOT Analysis
15.3.8 Schneider Electric SE
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Siemens AG
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Salesforce.com Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Teradata Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 TIBCO Software Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 SWOT Analysis
Figure 1: Global: Utility and Energy Analytics Market: Major Drivers and Challenges
Figure 2: Global: Utility and Energy Analytics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Utility and Energy Analytics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Utility and Energy Analytics Market: Breakup by Type (in %), 2022
Figure 5: Global: Utility and Energy Analytics Market: Breakup by Deployment (in %), 2022
Figure 6: Global: Utility and Energy Analytics Market: Breakup by Application (in %), 2022
Figure 7: Global: Utility and Energy Analytics Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Utility and Energy Analytics Market: Breakup by Region (in %), 2022
Figure 9: Global: Utility and Energy Analytics (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Utility and Energy Analytics (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Utility and Energy Analytics (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Utility and Energy Analytics (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Utility and Energy Analytics (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Utility and Energy Analytics (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Utility and Energy Analytics (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Utility and Energy Analytics (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Utility and Energy Analytics (Load Forecasting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Utility and Energy Analytics (Load Forecasting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Utility and Energy Analytics (Customer Analytics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Utility and Energy Analytics (Customer Analytics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Utility and Energy Analytics (Grid Analytics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Utility and Energy Analytics (Grid Analytics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Utility and Energy Analytics (Asset Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Utility and Energy Analytics (Asset Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Utility and Energy Analytics (Smart Meter Analytics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Utility and Energy Analytics (Smart Meter Analytics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Utility and Energy Analytics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Utility and Energy Analytics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Utility and Energy Analytics (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Utility and Energy Analytics (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Utility and Energy Analytics (Renewable Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Utility and Energy Analytics (Renewable Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Utility and Energy Analytics (Nuclear Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Utility and Energy Analytics (Nuclear Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Utility and Energy Analytics (Electricity) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Utility and Energy Analytics (Electricity) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Utility and Energy Analytics (Water) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Utility and Energy Analytics (Water) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Utility and Energy Analytics (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Utility and Energy Analytics (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia-Pacific: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia-Pacific: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Utility and Energy Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Utility and Energy Analytics Market: Breakup by Country (in %), 2022
Figure 89: Middle East and Africa: Utility and Energy Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Global: Utility and Energy Analytics Industry: SWOT Analysis
Figure 91: Global: Utility and Energy Analytics Industry: Value Chain Analysis
Figure 92: Global: Utility and Energy Analytics Industry: Porter's Five Forces Analysis
Table 1: Global: Utility and Energy Analytics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Utility and Energy Analytics Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Utility and Energy Analytics Market Forecast: Breakup by Deployment (in Million US$), 2023-2028
Table 4: Global: Utility and Energy Analytics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Utility and Energy Analytics Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 6: Global: Utility and Energy Analytics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Utility and Energy Analytics Market: Competitive Structure
Table 8: Global: Utility and Energy Analytics Market: Key Players
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