Utility Analytics & Energy Analytics Market poise $ 4.74 Billion By 2018

The report “Utility Analytics and Energy Analytics Market - Worldwide Market Forecasts and Analysis (2013 - 2018)" defines and segments the global Energy Analytics and Utility Analytics (EAUA) market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges.

Browse 115 market data tables with 19 figures spread through 198 pages and in-depth TOC on Energy Analytics and Utility Analytics Market (Solar Analytics, Oil & Gas Analytics, Water analytics, Waste analytics): Global Advancements, Business Models, Worldwide Market Forecasts and Analysis (2013 – 2018).

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Energy Analytics and utility analytics is one of the major recent trends for the energy industry. These analytics solutions help the energy and utility companies by providing a wide range of solutions such as meter operations and billing support, demand response and energy efficiency, revenue protection, load research and forecasting and distribution planning and operations. These applications are expected to drive the market and to cover the demand and supply gap for energy.

In the present day scenario, consumers want to know their exact energy consumption and want to control their energy usage. This is getting feasible with the technology advancement in the energy industry and growing analytical trends for the energy sector. Energy and utility companies want to extract more insight from big data that is generated from the number of smart devices that are connected to energy endpoints. This data is very important for them as it shows the energy consumption pattern, demand and load forecast, historical whether based energy consumption, distribution planning, device based energy requirement and so on.

North America is one of the major markets for the energy and utility analytics as this region is one of the largest in energy consumption and technology advancement is helping consumer and suppliers to adopt the new technology for this region. Asia-Pacific region is also generating the high demand for the energy and utility analytics as this region is the most populated and having the large energy demand for residential and commercial consumers. North America accounted for the largest market share; i.e. 41.4% in 2013 of the overall energy and utility analytics market and this is expected to account 34.4% share in 2018.

The global EAUA market is estimated to grow from $1.42 billion in 2013 to $4.74 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 27.3% from 2013 to 2018. In terms of regions, North America is expected to be the biggest market.

In addition to this,MarketsandMarkets has forecasted that Information integration and governance is the fastest growing technology in the energy analytics market, growing at a CAGR of 29.6% in the next five years.

Market players such as IBM, HP, Oracle, Schneider, Siemens, and ABB have dedicated portfolios for Energy Analytics.

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