KEY FINDINGS
The North America smart grid data analytics market is evaluated to grow with a CAGR of 9.93% during the estimated period of 2021 t0 2028. The rising investments and expenditure on smart metering and smart grid analytics, the presence of major companies, and the aging transmission and distribution systems are among the key factors set to fuel the region’s market growth.
MARKET INSIGHTS
The North America smart grid data analytics market growth analysis includes the detailed assessment of Canada and the United States. Canada witnesses the large-scale adoption of smart electricity meters following the governmental mandate introduced over five years ago. The mandate primarily aimed to reduce peak-time loads. Moreover, various peak, as well as non-peak time rates were added, with smart meters allowing real-time billing. The country is also an active member of numerous International Energy Agency Technology collaboration programs across the renewable energy and end-user industries, including the International Smart grid Actions Network.
On the other hand, researchers in Canada continue to collaborate on research and development tasks in order to enhance the deployment of renewable energy and energy efficiency within power systems. In 2019, the country’s government announced an investment of $5 million for building Hydro Ottawa for Phase 2 of a smart grid project. Furthermore, the project is set to provide users with the freedom to set up microgrids, thereby enabling them to generate their own power. As a result, these factors are anticipated to facilitate the smart grid data analytics market in Canada over the forecasted years.
COMPETITIVE INSIGHTS
Some of the main players operating in the market are Cisco Systems Inc, General Electric Company, Oracle Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments