According to the report analysis, ‘North America Smart Grid Data Analytics Market 2020-2027 by Component (Solutions, Services), Deployment (Cloud-based, On-premise, Hybrid), Application, End User, and Country: Trend Outlook and Growth Opportunity’ states that the North America smart grid data analytics market is expected to augment annually in the review duration owing to the significant growth in the smart grid investments, the surge in the rate of incorporation of renewable energy to the prevailing grids and technological improvements.
Whereas, the smart grid data analytics are the prominent solutions effectively utilized to investigate the large quantity of data produced from the smart grid systems. These solutions are arranged with a purpose to gain better analytical analysis of consumer behaviour and grid conditions, thereby heightening grid efficiency. Smart grid analytics solutions are arranged at the grid owners’ end in order to establish an improved decision support system.
Accenture PLC, Amdocs Corporation, AutoGrid Systems Inc., General Electric Company, Hitachi Ltd, HP Development Company LP, IBM Corporation, Itron Inc., Landis & Gyr Group AG, Opower, Inc., Oracle Corporation, SAP SE, SAS Institute Inc., Schneider Electric SE, Sensus USA Inc. (Xylem Inc.), Siemens AG, Tantalus System Corporation, Uplight Inc., Uptake Technologies Inc. and several others are the key entities which recently operating in the North America smart grid data analytics market more proficiently for leading the highest market growth and dominating the handsome value of market share around the region during the review duration while increasing the applications and benefits of such, delivering the better consumer satisfaction, improving the qualitative and quantitative measures of such, employing the young and active personnel, decreasing the associated prices of such, establishing the several research and development programs, analysing the strategies and policies of government as well as similar entities, implementing the policies of government as well as similar entities, and spreading the awareness connected to the benefits and applications of such.
In addition, with the advent of improved technology, likewise IoT, players have been aiming in integrating the smart grid solutions in a broader factor. As the data creation has been consistently witnessing an upward trend, power utility entities have been amalgamating Big Data with the billions of more rows of additional IoT and smart sensor data. The data gathered from the smart meters can deliver the better understanding of consumer behaviour, and hence facilitate consumer segmentation.
Furthermore, smart grids gather much more data than the manual energy meter reading system. This permits the usage of data analysis approaches and the preparation of greatly realistic consumption forecast, as several more variables are taken into account. Therefore, the choices for smart grid analytics have been enlarging because there is an exponential augment in the amount of data available, in order to improve the analytical models.
The effective growth in smart grid investments and the surge in the rate of integration of renewable sources of power generation to the prevailing grids, along with growing R&D refurbishment activities in developed economies, are projected to assist the growth of the North America smart grid data analytics market.
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North America Smart Grid Data Analytics Market Research Report
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