The Energy and Utilities Analytics Global Market Report 2023, provides comprehensive information on the energy and utilities analytics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Energy and Utilities Analytics Market’s Growth:
As per The Business Research Company’s Energy and Utilities Analytics Global Market Report 2023, the global energy and utilities analytics market size is expected to grow from $2.43 billion in 2022 to $2.86 billion in 2023 at a compound annual growth rate (CAGR) of 17.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The energy and utilities analytics market size is expected to reach $5.18 billion in 2027 at a CAGR of 16%.
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Technological advancements are a key trend gaining popularity in the energy and utilities analytics market. Energy and utility companies use cutting-edge technology in their operations, such as artificial intelligence, cloud computing technology to generate massive data sets collected over time to gain insight about energy and consumption. Major companies operating in the energy and utilities analytics market are focused on developing new technological solutions to strengthen their position. For instance, in April 2021, Bidgely, a US-based innovation partner for UtilityAI company, launched energy analytics for utilities on the salesforce app exchange. Through this, customers can enrich account analysis for utilities by using Bidgely’s energy insight widgets embedded within the salesforce. The solution addresses a significant pain point for utility system integrators by unifying customer data into a single platform by integrating consumption-level insights into their existing CRM system.
The energy and utilities analytics market is segmented:
1) By Type: Software, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Application: Load Forcasting, Meter Operation, Distribution Planning, Demand Respone, Other Applications
North America was the largest region in the energy and utilities analytics market in 2022.
The table of contents in TBRC’s energy and utilities analytics market report includes:
- Executive Summary
- Energy and Utilities Analytics Market Characteristics
- Energy and Utilities Analytics Market Trends And Strategies
- Energy and Utilities Analytics Market – Macro Economic Scenario
- Energy and Utilities Analytics Market Size And Growth
- Energy and Utilities Analytics Market Segmentation
- Energy and Utilities Analytics Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Energy and Utilities Analytics Market
- Energy and Utilities Analytics Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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