The Smart Grid Data Analytics Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Smart Grid Data Analytics Market?
The size of the smart grid data analytics market has seen significant expansion in the past few years. It is projected to increase from $4.85 billion in 2024 to $5.50 billion in 2025, with a compound annual growth rate (CAGR) of 13.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Smart Grid Data Analytics Industry?
The Smart Grid Data Analytics Global Market is predicted to grow to a size of $8.97 billion by 2029. The anticipated compound annual growth rate (CAGR) for this period is 13.0%.
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What are the Key Growth Drivers Fueling the Smart Grid Data Analytics Market?
The key drivers in the smart grid data analytics market are:
• Growth in distributed energy resources
• Increased uptake and deployment of energy storage systems
• Regulatory and policy support for smart grids
• Rising trend of decentralized energy production
Global Market Segmentation: Identifying Major Smart Grid Data Analytics Industry Segments
The smart grid data analytics market covered in this report is segmented –
1) By Component: Software, Services, Hardware
2) By Solution: Descriptive Analytics, Predictive Analytics, Customer Analytics, Diagnostic Analytics, Prescriptive Analytics, Cognitive Analytics
3) By Deployment: Cloud-Based, On-Premise, Hybrid
4) By Application: Transmission And Distribution Management, Energy Efficiency And Conservation, Asset Management And Maintenance, Cybersecurity And Compliance, Smart Metering And Data Management
5) By Industry Vertical: Utilities, Industrial, Commercial, Residential
Subsegments:
1) By Software: Meter Data Management Software, Grid Optimization Software, Predictive Analytics Software, Energy Demand Forecasting Software, Real-Time Monitoring And Control Software
2) By Services: Consulting And Advisory Services, Implementation And Integration Services, Support And Maintenance Services, Data Analytics And Reporting Services, Cloud-Based Smart Grid Services
3) By Hardware: Smart Meters, Sensors And IoT Devices, Data Storage And Processing Units, Communication Infrastructure, Edge Computing Devices
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What are the emerging Trends Shaping the Future of the Smart Grid Data Analytics Market?
The key trends in the smart grid data analytics market are:
• The integration of AI and machine learning for predictive analytics is an emerging trend.
• Advancements in real-time data monitoring and analysis are significantly shaping the future of the market.
• The development of 5G technology to enhance data transfer speeds is a key trend.
• The integration of blockchain technology for secure data sharing and enhanced collaboration between utilities and technology providers is a leading trend.
Who Are the Top Competitors & Leading Players in the Smart Grid Data Analytics Market?
Major players in the smart grid data analytics market are:
• Siemens Aktiengesellschaft
• General Electric Company
• Accenture plc
• International Business Machines Corporation (IBM)
• Cisco Systems Inc.
• Oracle Corporation
• Schneider Electric SE
• Honeywell International Inc.
• SAP SE
• ABB Ltd.
• Fujitsu Limited
• Tata Consultancy Services Limited
• Capgemini SE
• Eaton Corporation plc
• Wipro Limited
• SAS Institute Inc.
• Itron Inc.
• Landis+Gyr Group AG
• Hansen Technologies Ltd.
• Sensus USA Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the smart grid data analytics market in 2024
