Smart Grid Data Analytics Market : Market Growth With Worldwide Industry Analysi

Posted by Mayuri on December 22nd, 2020

Global Smart Grid Data Analytics Market: Overview According to a new market report pertaining to the global smart grid data analytics market published by Transparency Market Research , the global smart grid data analytics market is anticipated to reach US$ 14,036.9 Mn by 2030. The smart grid data analytics market is projected to expand at a CAGR of 12.8% from 2020 to 2030 based on revenue. According to the report, North America was a significant contributor to the smart grid data analytics market in terms of revenue in 2019. The prominent market share of the region is due to the significant adoption of smart grid data analytics, and increasing adoption of smart grid systems in the U.S. The smart grid data analytics market in Asia Pacific is expected to expand at a high CAGR during the forecast period. This is primarily due to the increasing digitalization of the utility sector in the region. Request For Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3966 Advancements in Smart Meter and Advanced Metering Infrastructure (AMI)Driving the Global Smart Grid Data Analytics Market Advanced metering infrastructure (AMI) is an integrated system which includes smart meters, communication networks, and data management systems that provide a two-way digital link between the customer and utilities. AMI provides various operational benefits to minimize the utility cost and offers convenience to the customer. AMI significantly reduces operating costs by remotely reading meters, connecting/disconnecting the service, identifying outages by generating more accurate bills faster, and enables utilities to provide customers digital access to their usage information. Thus, the increasing installation of smart meter and adoption of advanced metering infrastructure is expected to boost the global smart grid data analytics market during the forecast period globally. Request For Covid19 Impact Analysis Across Industries And Markets