
Smart Grid Analytics Market Report and Forecast 2025-2034
Description
The global smart grid analytics market size reached a value of more than USD 1.95 Billion in 2024. During the forecast period of between 2025 and 2034, the market is expected to grow at a CAGR of 3.75%, with the values likely to reach USD 2.82 Billion by 2034.
Key Trends in the Market
Smart grid analytics is the use of advanced analytics approaches, such as forecasting, optimisation, and predictive and prescriptive analytics for data produced in grids. They gather useful data produced by the machinery and aid in estimating the load in the future. These techniques are used to improve decision-making processes, acquire predictive analysis, and enhance grid efficiency.
The EMR’s report titled “Smart Grid Analytics Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
During the forecast period, the global smart grid analytics market is expected to be dominated by the on-demand cloud-based deployment mode. In comparison to on-premises solutions, cloud-based solutions are less expensive, and offer greater scalability and flexibility. Due of this, cloud deployment is preferred over on-premises implementation.
Additionally, during the past several years, there has been a significant increase in the usage of cloud-based services across a variety of applications. As a result, the majority of customers favour cloud-based solutions. With improvements in security of on-demand cloud-based deployment and faster implementation periods, it is anticipated that the segment will continue to have a leading position during the forecast period.
Market Share by Region
In the global smart grid analytics market, Asia Pacific is anticipated to be one of the leading regions. Population growth in nations like China and India, has boosted the demand for residential infrastructure and electricity use, driving the demand for electricity, potentially, opening up the market for smart grid analytics. It is also anticipated that the development of smart cities will increase the market demand.
North America is anticipated to experience significant adoption of smart grid technology and analytics, due to significant investments in new grid developments and smart city efforts. The region has favourable government policies in place to support the production of sustainable energy. The outlook for North America is also anticipated to be influenced by the rising demand for energy-efficient power generation.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smart grid analytics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
SAP SE
SAP SE, founded in 1972, is a German multinational software company which creates enterprise applications to handle client interactions and business processes. The company provides training services, develops business software, and e-business and enterprise management software, and consults on organisational usage of its applications and software.
Oracle Corporation
Oracle Corporation, a leading computer technology company established in 1977 with its headquarters in the United States, is well recognised for its software solutions like Java. Oracle provides its cloud-engineering services, hardware, systems, licences, and services through its four primary business sectors: Cloud, Licencing, Hardware, and Services.
Siemens AG
Siemens AG, a global innovator focussing on automation, digitalisation, and electrification for the process and manufacturing industries, was established in 1847 and has its headquarters in Germany. It is a leader in intelligent infrastructure, power generation and distribution, and distributed energy systems.
Other market players include Accenture Plc, IBM Corporation, Dell Technologies Inc., and Capgemini SA, among others.
Key Trends in the Market
Smart grid analytics is the use of advanced analytics approaches, such as forecasting, optimisation, and predictive and prescriptive analytics for data produced in grids. They gather useful data produced by the machinery and aid in estimating the load in the future. These techniques are used to improve decision-making processes, acquire predictive analysis, and enhance grid efficiency.
- The Internet of Things (IoT) is the foundation of smart grid analytics, connecting every part of the grid and enabling two-way communication between utilities and customers. With the expanding developments and improved IoT infrastructure, it is anticipated that smart grid analytics will become a more reliable and effective power distribution network in the upcoming years.
- Advanced metering infrastructure (AMI) provides utilities providers with the capabilities for remotely reading metres, enabling and disabling the service, connecting and disconnecting the service, identifying outages, and generating more accurate bills more quickly. As a result of increased smart metre installations and the use of better metering infrastructure, it is estimated that the global smart grid analytics market would expand over the projected period.
- Increasing investments in smart grid projects are accelerating market expansion. The infrastructure of electricity grids has gradually become more digitised and interconnected, supporting the stable and secure transmission of crucial digital communications. Additionally, a number of initiatives have started in various countries with the goal of resolving the population's electricity-related problems and fostering market expansion.
The EMR’s report titled “Smart Grid Analytics Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
- Solution
- Services
- On-Premises
- On-Demand (Cloud Based)
- Advanced Metering Infrastructure Analysis
- Demand Response Analysis
- Grid Optimisation Analysis
- Private Sector
- Public Sector
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
During the forecast period, the global smart grid analytics market is expected to be dominated by the on-demand cloud-based deployment mode. In comparison to on-premises solutions, cloud-based solutions are less expensive, and offer greater scalability and flexibility. Due of this, cloud deployment is preferred over on-premises implementation.
Additionally, during the past several years, there has been a significant increase in the usage of cloud-based services across a variety of applications. As a result, the majority of customers favour cloud-based solutions. With improvements in security of on-demand cloud-based deployment and faster implementation periods, it is anticipated that the segment will continue to have a leading position during the forecast period.
Market Share by Region
In the global smart grid analytics market, Asia Pacific is anticipated to be one of the leading regions. Population growth in nations like China and India, has boosted the demand for residential infrastructure and electricity use, driving the demand for electricity, potentially, opening up the market for smart grid analytics. It is also anticipated that the development of smart cities will increase the market demand.
North America is anticipated to experience significant adoption of smart grid technology and analytics, due to significant investments in new grid developments and smart city efforts. The region has favourable government policies in place to support the production of sustainable energy. The outlook for North America is also anticipated to be influenced by the rising demand for energy-efficient power generation.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smart grid analytics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
SAP SE
SAP SE, founded in 1972, is a German multinational software company which creates enterprise applications to handle client interactions and business processes. The company provides training services, develops business software, and e-business and enterprise management software, and consults on organisational usage of its applications and software.
Oracle Corporation
Oracle Corporation, a leading computer technology company established in 1977 with its headquarters in the United States, is well recognised for its software solutions like Java. Oracle provides its cloud-engineering services, hardware, systems, licences, and services through its four primary business sectors: Cloud, Licencing, Hardware, and Services.
Siemens AG
Siemens AG, a global innovator focussing on automation, digitalisation, and electrification for the process and manufacturing industries, was established in 1847 and has its headquarters in Germany. It is a leader in intelligent infrastructure, power generation and distribution, and distributed energy systems.
Other market players include Accenture Plc, IBM Corporation, Dell Technologies Inc., and Capgemini SA, among others.
Table of Contents
173 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Smart Grid Analytics Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Smart Grid Analytics Historical Market (2018-2024)
- 5.3 Global Smart Grid Analytics Market Forecast (2025-2034)
- 5.4 Global Smart Grid Analytics Market by Component
- 5.4.1 Solution
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.1.3 Breakup by Type
- 5.4.1.3.1 Transmission and Distribution (T&D) Network
- 5.4.1.3.2 Metering
- 5.4.1.3.3 Customer Analytics
- 5.4.1.3.4 Others
- 5.4.2 Services
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.2.3 Breakup by Type
- 5.4.2.3.1 Professional Services
- 5.4.2.3.2 Support and Maintenance Services
- 5.5 Global Smart Grid Analytics Market by Deployment Mode
- 5.5.1 On-Premises
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 On-Demand (Cloud Based)
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.6 Global Smart Grid Analytics Market by Application
- 5.6.1 Advanced Metering Infrastructure Analysis
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Demand Response Analysis
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Grid Optimisation Analysis
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.7 Global Smart Grid Analytics Market by End User
- 5.7.1 Private Sector
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Public Sector
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.8 Global Smart Grid Analytics Market by Region
- 5.8.1 North America
- 5.8.1.1 Historical Trend (2018-2024)
- 5.8.1.2 Forecast Trend (2025-2034)
- 5.8.2 Europe
- 5.8.2.1 Historical Trend (2018-2024)
- 5.8.2.2 Forecast Trend (2025-2034)
- 5.8.3 Asia Pacific
- 5.8.3.1 Historical Trend (2018-2024)
- 5.8.3.2 Forecast Trend (2025-2034)
- 5.8.4 Latin America
- 5.8.4.1 Historical Trend (2018-2024)
- 5.8.4.2 Forecast Trend (2025-2034)
- 5.8.5 Middle East and Africa
- 5.8.5.1 Historical Trend (2018-2024)
- 5.8.5.2 Forecast Trend (2025-2034)
- 6 North America Smart Grid Analytics Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Smart Grid Analytics Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Smart Grid Analytics Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Smart Grid Analytics Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Smart Grid Analytics Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 SAP SE
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Oracle Corporation
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Siemens AG
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Accenture Plc
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 IBM Corporation
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Dell Technologies Inc.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Capgemini SA
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Others
Pricing
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