About Big Data in Power Management
Big data is the structured and unstructured data sets used in power management. Power management helps to ensure the safe, reliable, efficient, and compliant operation of power distribution systems and assets connected to it. Big data in power management helps in better decision-making, providing predictive analysis to the power management companies to achieve their business objectives. It manages the grid equipment, smart meters, weather data measurements from power systems, and other systems in power management.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Cisco Systems, Inc. (United States), SAP SE (Germany), Siemens AG (Germany), EnerNoc Inc. (United States) and Nexenta Systems, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Big Data in Power Management market by Type (System Software, Hadoop Distribution Products and Tools, Discovery & Visualization Tools, Database Software, Big Data Analytics and and Others), Application (Industrial, Commercial and Residential) and Region.
On the basis of geography, the market of Big Data in Power Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment, the sub-segment i.e. On-premise will boost the Big Data in Power Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Hadoop-as-a-Service (HAAS) will boost the Big Data in Power Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Big Data in Power Management Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Demand for the Power Generation
- Demand for Managing the Data of Power Generation Industry for Enhanced Operation in Industrial, Commercial and Residential Operations
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Influencing Trends | - Application of Renewable Energy Sources and Environmental Protection
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Restraints | - Lesser Infrastructure Management in Big Data in Power Management
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Road Blocks / Challenges | - Privacy Violation Related Concerns with Big Data Analysis Hindering the Big Data in Power Management Market
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Gaps & Opportunities | - Surging Demand for the Big Data in Power Management in Developed Nations for the Growing Number of Government Industrial Plans
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"The U.S. defined the smart grid of the future in a similar way that incorporates digital technology to improve reliability, security, and efficiency of the electric system through information exchange, distributed generation, and storage resources for a fully automated power delivery network. The zones which present the layout of power system management are composed of the market, enterprise, operation, station, field, and process. On top of the first two dimensions, the layout of interoperability layers includes the component, communication, information, function, and business layers. SGAM as an architectural overview can be used to find the limitations and commonalities of existing smart grid standards."
Key Target Audience
Big Data in Power Management Providers, Big Data in Power Management Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.