What is the current Smart Grid Data Analytics Market size?

The Smart Grid Data Analytics Market is projected to register a CAGR of 12.76% during the forecast period (2024-2029) Read More

Who are the key players in Smart Grid Data Analytics Market?

Siemens AG , IBM Corporation , Itron Inc., General Electric Company and AutoGrid Systems Inc are the major companies operating in the Smart Grid Data Analytics Market. Read More

Which is the fastest growing region in Smart Grid Data Analytics Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Grid Data Analytics Market?

In 2024, the North America accounts for the largest market share in Smart Grid Data Analytics Market. Read More

What years does this Smart Grid Data Analytics Market cover?

The report covers the Smart Grid Data Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Grid Data Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Grid Data Analytics Market - Growth, Trends & Size

Smart Grid Data Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Smart Grid Analytics Market is Segmented by Deployment (Cloud-Based and On-Premise), Solution (Transmission and Distribution (T&D) Network, Metering, and Customer Analytics), Application (Advanced Metering Infrastructure Analysis, Demand Response Analysis, and Grid Optimization Analysis), End-User Vertical (Private Sector (SMEs and Large Enterprises), Public Sector), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Smart Grid Data Analytics Industry Overview

The smart grid data analytics market is fragmented and highly competitive in nature. Owing to the emergence of new startups offering a broad range of innovative solutions catering to diverse industry requirements, the market has been witnessing intensifying competitive rivalry. Also, as the major players have been considered synonymous with good performance, they are expected to have a competitive edge. Key players include Siemens AG, Itron Inc., and IBM Corporation, among others.

In December 2022, Siemens announced plans to provide 175,000 smart meters and an advanced distribution management system in the Damietta area of the Nile Delta. The order, valued at over EUR 40 million (USD 42 million), was given to the North Delta Electricity Distribution Company (NDEDC) as part of the grid modernization and improvement initiative.

In September 2022, Itron combined its Industrial Internet of Things (IIoT) network solution with Samsung's SmartThings services to give utilities access to a system that improves distributed energy resource management (DERMS), cuts carbon emissions, and engages customers. The partnership will use the SmartThings Energy service to give real-time energy readings and usage trends using Itron's distributed intelligence (DI) network, which the business claims has millions of linked endpoints.