How Smart Grid Analytics Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Smart Grid Analytics Market Latest Edition Published with Forecast to 2027


According to the report, Rapidly Growing Penetration of IOT and Big Data in Smart Grid Analytics is one of the primary growth factors for the market. Growing Demand for Power Supplemented by Higher Transmission and Distribution Losses is also expected to contribute significantly to the Smart Grid Analytics market. Overall, applications of Smart Grid Analytics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Mode, such as On-Premises, is boosting the Smart Grid Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User Verticals, such as Small & Medium Enterprises, is boosting the Smart Grid Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service, such as Professional Services, is boosting the Smart Grid Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Service, is boosting the Smart Grid Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Solution, such as Demand Response Analytics, is boosting the Smart Grid Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Smart Grid Analytics market identified that the demand is rising in many different parts of the world as "Huge Demand due to Integration of Smart City Concept ". Furthermore, some recent industry insights like "On 24th January 2019, AutoGrid has been recognized as an industry leader in an in-depth analysis of the DERMS market by Navigant Research, a respected market research firm that focuses on trends in global energy transformation. The report, titled “Navigant Research Leaderboard: DERMS Vendors,” examines the strategy and execution of 16 vendors offering DERMS for DER and grid management solutions. and On 21st May 2018 - Itron, Inc. has signed a contract with Jamaica Public Service Company (JPS) for a nationwide smart grid deployment, serving more than 600,000 customers that helped the utility to improve customer service, drive grid reliability and enable revenue realization." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Smart Grid Analytics market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Grid Analytics market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Smart Grid Analytics market size is calculated using market estimation process, the Smart Grid Analytics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Grid Analytics market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales