Utility Analytics & Energy Analytics Market Worth $ 4.74 Billion by 2018

DALLAS, May 30, 2013 /PRNewswire/ --

The Report "Utility Analytics & Energy Analytics Market (Solar Analytics, Oil & Gas Analytics, Water analytics, Waste analytics): Global Advancements, Business Models, Worldwide Market Forecasts and Analysis (2013 - 2018)", defines and segments the global Energy Analytics & Utility Analytics (EAUA) Market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges.

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• 115 Market Data Tables
• 19 Figures
• 198 Pages and an in-depth Table of Content on "Energy Analytics and Utility Analytics Market"

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The need for cost-effective and reliable energy sources is always a challenge for the utility companies keeping environmental concern in mind. At the same time, residential, commercial and enterprise consumers are demanding control of their energy uses. Adoption of Energy Analytics is receiving critical market traction in North America and European regions. At the same time, the market has kick started in the Asia-Pacific region due to the need to cater to the rising energy demand. Energy Analytics solutions will help to extract the insight from the historical and current data generated from smart meters; that will follow to predict outage and energy demand pattern with the help of historical data for weather, load and environmental constraints.

The Market is segmented by:

Type of Technologies and Solutions:

• Business Analytics
• Big Data Platform
• Optimization Services
• Information Integration and Governance

Type of Deployment:

• On Premises
• Cloud
• Hybrid

Type of Applications:

• Meter Operation
• Demand Response
• Revenue Protection
• Load Forecasting
• Distribution Planning

Regions:

• North America (NA)
• Asia Pacific (APAC)
• Europe (EU)
• Middle East and Africa (MEA) and
• Latin America (LA)

The major forces driving this market are the increasing demand for energy, need for the greener environment and increasing demand from the consumer side to know their energy consumption pattern. As per MarketsandMarkets, Analytics Companies believe that more data is better and good to have; whereas utility companies believe in less and right data. This trend is expected to favor analytics companies in future as there is a lot to be extracted from the big data and analytics is going to help them.

The global Energy Analytics and Utility Analytics Market is estimated to grow from $1.42 billion in 2013 to $4.74 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 27.3% from 2013 to 2018. In terms of regions, North America is expected to be the biggest market.

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