The Rise of Smart Grid Analytics Market: A $14.3 billion Industry Dominated by Siemens (Germany), Oracle (US), Schneider Electric (France)| MarketsandMarkets™

Chicago, July 02, 2024 (GLOBE NEWSWIRE) — The global Smart Grid Analytics Market is projected reaching USD 14.3 billion by 2029 from an estimated USD 7.9 billion in 2024, at a CAGR of 12.4% during the forecast period, according to a new report by MarketsandMarkets™. 

The smart grid analytics market is poised for substantial growth, propelled by several key business drivers. Factors such as growing implementation of advanced metering infrastructure, surge in the number of obsolete grid components, and the rising emphasis on energy-efficient solutions and sustainability collectively steer the expansion of the smart grid analytics market.

Browse in-depth TOC on “Smart Grid Analytics Market”

288 – Tables
63 – Figures
323 – Pages

Download Report Brochure @

Smart Grid Analytics Market Dynamics:


  • Consumers and utilities seek to optimize energy usage and reduce environmental impact.
  • Smart grid analytics enable real-time monitoring and management of energy consumption, leading to less waste.
  • Smart grid analytics support integrating renewable energy sources, enhancing grid stability.


  • Advanced hardware, software, and skilled personnel are expensive.
  • Upgrading infrastructure, integrating new technologies, and staff training adds financial burden.
  • Smaller utilities may struggle with these costs.


  • Smart grid analytics optimize energy distribution for cities.
  • Improves grid reliability and facilitates renewable energy integration.
  • Enables real-time monitoring and predictive maintenance, reducing downtime and costs

List of Key Players in Smart Grid Analytics Market:

  • Siemens (Germany),
  • IBM (US)
  • Oracle (US)
  • Schneider Electric (France)
  • GE Vernova (US)
  • Landis+Gyr (Switzerland)
  • Capgemini (France)
  • Infosys (India)
  • SAP (Germany)
  • Honeywell (US)

Request Sample Pages:

A significant advancement shaping the smart grid analytics market is the integration of 5G technology, which promises to revolutionize grid communication and data management. 5G’s ultra-low latency and high-speed connectivity enable real-time data transfer and advanced analytics, enhancing grid reliability and responsiveness. Additionally, regulatory changes like the European Union’s Clean Energy for All Europeans package push for more decentralized energy systems and demand-side management, driving utilities to adopt sophisticated analytics solutions. These advancements foster greater grid efficiency, improved renewable energy integration, and enhanced consumer engagement, reshaping the smart grid landscape by promoting smarter, more resilient, and sustainable energy systems.

Based on software type, the reliability analytics software type is projected to grow at the fastest rate during the forecast period due to the increasing demand for grid stability and the rising integration of renewable energy sources, which require advanced analytics to manage their variability. These solutions enable real-time monitoring, predictive maintenance, and quick fault detection, minimizing downtime and enhancing grid resilience. Market players can leverage this trend by developing advanced AI and machine learning algorithms that provide deeper insights and more accurate predictions. Additionally, offering scalable, cloud-based solutions can attract utilities seeking to modernize their infrastructure without significant upfront costs, thereby capturing a larger share of this rapidly expanding segment.

Inquire Before Buying:

Based on organization size, small and medium businesses are poised for rapid growth during the forecast period due to their agility, innovation, and ability to quickly adopt new technologies. These enterprises often face fewer bureaucratic hurdles, allowing them to implement cutting-edge analytics solutions and IoT technologies swiftly. Additionally, the increasing affordability and accessibility of cloud-based analytics platforms lower entry barriers for SMBs. Market players can leverage this growth by offering scalable, customizable analytics solutions tailored to the unique needs of SMBs, along with robust customer support and competitive pricing. By partnering with these agile entities, larger companies can drive innovation and expand their market reach, fostering a dynamic and rapidly evolving smart grid ecosystem.

The smart grid analytics market presents significant opportunities in enhancing grid reliability, integrating renewable energy sources, and improving energy efficiency. The growing adoption of IoT and AI technologies allows for advanced predictive maintenance and real-time monitoring, addressing critical grid challenges. Market players can tap into these opportunities by developing scalable, interoperable analytics platforms that support seamless integration with existing grid infrastructures. Additionally, focusing on tailored solutions for renewable energy management and grid optimization can attract utilities aiming to meet sustainability goals. Strategic partnerships, investments in R&D, and robust cybersecurity measures will further enable players to capitalize on the evolving smart grid landscape.

Get access to the latest updates on  Smart Grid Analytics Companies and  Smart Grid Analytics Industry

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email:

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy