Big Data Analytics in Energy Sector Market Competition by Companies and Countries, Industry Chain Structure, Shares, Supply, Demands, Import/Export Status Forecast to 2021-2024

Big Data Analytics in Energy Sector

Big Data Analytics in Energy Sector Market” report provides profound research of industry players, dynamics, and strategies are segmented and sub-segmented to simplify the actual conditions of the industry. The report also covers scope of product market, research methodology, Porter’s Five Force analysis, and Competitive landscape of industry. This report scrutinizes all the key factors influencing growth of global Big Data Analytics in Energy Sector market, including production and value chain analysis, pricing structure, demand-supply scenario, profit margins.

Get a Sample Copy of the Report https://www.industryresearch.co/enquiry/request-sample/14352821

Top Players Are:

  • IBM Corporation
  • Microsoft Corporation
  • SAP SE
  • Dell Inc.
  • Accenture
  • Infosys Limited
  • Intel Corporation
  • Siemens AG

    Key Market Trends:

    Smart Metering to Fuel Market Growth

    – The smart metering in big data analytics involves components such as grid operations, field services, resource planning, customer experience, and regulatory compliances. It helps to predict demand and forecast based on the data collected, that will boost the market growth.
    – Furthermore, big data analytics in smart metering helps in forecasting energy consumption, which plays a vital role in the management of demand and supply which also mitigates the waste of energy.
    – For instance, Siemens introduced incorporation of big data analytics with smart meters to achieve deeper insights from the smart grid which in turn offers data to mitigate extra energy consumption and increases profit margins.
    – Developing countries such as India, Brazil, etc. are hugely investing in the energy sector, that will boost the smart metering with advanced big data techniques in recent years.

    Asia-Pacific to be the Fastest Growing Market

    – Increasing adoption of IoT and smart technologies and various government initiatives such as smart cities across APAC countries, including China and India vouch for APAC to be the fastest-growing region in the big data analytics in energy sector market.
    – For instance, India has deployed 200,000 smart meters in 11 cities in 208 and will install 1500,000 more in 2019. It will use technology such as RF Mesh, GPRS, PLC and 6 LoWPAN. EESL aims to replace 25 crore conventional meters with smart meters in India through Smart Meters National Programme (SMNP) as this would help in reducing AT&C losses.
    – In the APAC region, China will be the leading country in big data analytics in the energy utility sector due to its large population and increasing rate of adaptation of smart metering, smart grid systems across the country.

    For More Information or Query or Customization Before Buying, Visit athttps://www.industryresearch.co/enquiry/pre-order-enquiry/14352821

    Market Overview:

  • The big data analytics market in energy sector is expected to grow at a CAGR of 10.22%, during the forecast period 2019 – 2024. Big data analytics in the energy sector plays a crucial role in reducing energy consumption and improving energy efficiency. This factor, along with other associated benefits is expected to propel the demand for analytics in the industry.
  • – The scarcity of fossil fuel is giving rise to alternate sources of energy such as solar, wave, and wind turbines, wherein consumption is increasing at a high pace. Thus, it has become imperative to use advanced tools that use big data-based analytical tools to understand the behavior or adaption of these sources of energy.
  • – The volatility in oil prices leads to high expenditure in energy-related projects, which creates demand for big data analytics. Additionally, the need for quality information is increasing, owing to the aforementioned factor, which is likely to boost the market growth. The energy sector demands high maintenance for machinery and equipment monitoring, owing to which big data analytics plays an important role.
  • – However, the lack of skilled employee with specific domain expertise will hinder the growth of the market.

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Scope of the Report:

    Big Data Analytics helps energy utility sector by optimizing power generation and planning. Power generation planning and economic load dispatch are the two most important decision-making processes in power generation. Economic load dispatch in simple terms is matching power supply with the demand for energy from the grid over a short period of time at the lowest possible cost subject to transmission and distribution constraints. Matching energy supply and demand on the network has always been a tight balancing act, and data analytics has a significant role to play by taking advantage of collected energy data and advanced big data analytics techniques.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

    Purchase this Report (Price 4250 USD for single user license) – https://www.industryresearch.co/purchase/14352821

    Detailed TOC of Big Data Analytics in Energy Sector Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Enormous Influx of Data
    4.2.2 Volatility in the Oil Prices
    4.3 Market Restraints
    4.3.1 Lack of Skilled Labor
    4.4 Industry Attractiveness – Porter’s Five Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Application
    5.1.1 Grid Operations
    5.1.2 Smart Metering
    5.1.3 Asset & Workforce Management
    5.2 Geography
    5.2.1 North America
    5.2.2 Europe
    5.2.3 Asia-Pacific
    5.2.4 Latin America
    5.2.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 IBM Corporation
    6.1.2 Microsoft Corporation
    6.1.3 SAP SE
    6.1.4 Dell Inc.
    6.1.5 Accenture
    6.1.6 Infosys Limited
    6.1.7 Intel Corporation
    6.1.8 Siemens AG

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

    Phone: US +14242530807/ UK +44 20 3239 8187

    Email: [email protected]

    Our Other Reports:

    Drilling and Completion Fluids Market Share 2021: Latest Report with Covid-19 Impact Analysis, Drivers, Strategies of Key Players, Market Challenges and Growth Size Forecast to 2025

    Box Scraper Market Analysis with Impact of Covid-19 on Industry Size 2020 | Future Growth and Challenges by Manufacturers and Marketing Strategy Forecast to 2026 | Industry Research.co

    Memory Connectors Market Size – COVID-19 Impact on Industry Growth, Demand Status, New Technology, and Share Analysis with Business Opportunities Forecast to 2026

    LED Ticket Screens Market Size and Growth Insights by Global Key Players 2021 Evolving Technologies with Market Dynamics, Opportunities, Industry Trends Forecast to 2026

    Heat Sealing Tape Market Share and Size Analysis 2020 by Regional Demand Status, Future Growth Rate, Manufacturers, Trends by Market Dynamics and Development Scope till 2026

    Food Extruders Market Size, Share and Growth Rate Analysis by Revenue, Future Demand Status, Price Analysis by Types and Applications till 2020-2026

    Camphoric Acid Market Size Forecast with Growth Rate 2021: Latest Research by Global Industry Share, Recent Trends, Business Efficiencies with Covid-19 Impact Forecast to 2026

    Online Pharmaceuticals Market: Growth Challenges, Production Capacity, Market Share, Opportunities and Forthcoming Developments, By Segmentations, Key Company Profiles & Demand Forecasts to 2020 – 2025

    Amla Extract Market Share: 2021 Global Status of Key Players, Emerging Trends, Growth Overview, Development Size and Revenue Forecast to 2026 | Industry Research.co

    Arterial Stent Market Size and Share Analysis 2021 – Opportunities in Grooming Regions, Worldwide Growth Survey, Market Trends, and Company Overview with Covid-19 Impact till 2026

    Turbidity Analyzer Market Growth Trends with Key Players 2020 Size by Regions, Global Industry Share, Sales Revenue and Opportunities till 2026 with COVID-19 Impact

    Sulfanilic acid Market Share, Size 2020 Industry Analysis by Future Demand Status, Global Research, Top Leading player, Emerging Trends, Region by Forecast to 2025

    https://neighborwebsj.com/