市場調查報告書
商品編碼
1556012
全球智慧電網分析市場評估:依部署類型、服務、應用、地區、機會、預測,2017-2031年Smart Grid Analytics Market Assessment, By Deployment Type, By Service, By Application, By Region, Opportunities, and Forecast, 2017-2031F |
由於電力產業的快速數位化,全球智慧電網分析市場規模將從2023年的64億美元增至2031年的164億美元,2024-2031年預測期間的年複合成長率為12.50 %。
智慧電網分析市場包括先進的資料分析工具和技術,用於最佳化智慧電網的性能和管理。電網是一個複雜的網路,目的是產生、傳輸和從發電廠向最終用戶分配電力。隨著城市地區日益採用目的是增強基礎設施和提高生活品質的技術,智慧城市概念已成為智慧電網分析市場成長的關鍵催化劑。智慧城市利用物聯網(IoT)感測器、智慧電錶和即時資料分析來創建更有效率、回應更靈敏的能源管理系統。這些城市需要整合不同的能源並有效管理動態能源消耗模式,需要先進的智慧電網分析。透過提供即時監控、預測性維護和最佳化,智慧電網分析有助於確保電網可靠性、管理尖峰負載並提高能源效率。由於智慧電網解決方案支持現代城市環境的複雜需求,這種與城市永續性和彈性目標的結合將推動智慧電網分析市場的進一步創新和滲透。
由於多項技術進步改善了電網功能和資料收集,智慧電網分析市場預計將顯著發展。低成本電池儲存技術的普及是推動智慧電網分析市場需求的主要因素。例如,根據IEA的預測,到2022年底,電網規模電池儲能總裝置容量將達到約28GW,較2021年大幅成長75%以上。這一趨勢預計將持續下去,到2030年,在淨零情境下,裝置容量預計將成長 35 倍,達到近 970GW。
本報告研究了全球智慧電網分析市場,並提供了市場概述,包括依部署類型、服務、應用程式、區域和參與市場的公司概況。
Global smart grid analytics market is projected to witness a CAGR of 12.50% during the forecast period 2024-2031, growing from USD 6.40 billion in 2023 to USD 16.42 billion in 2031, owing to the rapid digitization of electricity sector.
The smart grid analytics market includes advanced data analysis tools and technologies to optimize the performance and management of smart electrical grids, where electrical grids are complex network made to generate, transmit, and distribute electricity from power plants to end-users. The smart city concept is a key catalyst for the growth of the smart grid analytics market, as urban areas increasingly embracing technologies designed to enhance infrastructure and improve quality of life. Smart cities leverage Internet of Things (IoT) sensors, smart meters, and real-time data analytics to create more efficient and responsive energy management systems. These cities integrate diverse energy sources, and must effectively manage dynamic energy consumption patterns, which necessitates advanced smart grid analytics. By providing real-time monitoring, predictive maintenance, and optimization, smart grid analytics helps ensure grid reliability, manage peak loads, and enhance energy efficiency. This alignment with the goals of urban sustainability and resilience drive further innovation and adoption in the smart grid analytics market, as smart grid solutions support the complex demands of modern urban environments.
Advancements in Technology is Elevating the Smart Grid Analytics Market
Smart gird analytics market is anticipated for major evolution, driven by advancements in several technology that elevate grid capabilities along with data collection. The surge of low-cost battery storage technology is a major factor driving the smart grid analytics market demand. For instance, as per IEA, by the end of 2022, the total installed capacity for grid-scale battery storage reached around 28-GW, reflecting a notable increase of over 75% from 2021. This trend is anticipated to persist, with forecasts suggesting that capacity could grow 35 times to nearly 970-GW by 2030 under the Net Zero Scenario.
Similarly, the widespread adoption of rooftop photovoltaics is adding value to the market. Advancement in microgrids, which operate independently or in integration with the main grid, is contributing to reshaping the smart grid analytics market.
Moreover, surge in data availability and the rise of IoT connectivity, such as smart devices and sensors that allow real-time monitoring and control of various grid components has significantly broadened the scope and potential of smart grid analytics market. For instance, utility companies have been upgrading their power plants and substations by installing sensors on key components such as turbines and transformers. These sensors monitor vibrations and other irregularities that could signal potential failures. Duke Energy and other utilities report that asset analytics have proven highly effective, helping to avoid significant outages caused by equipment issues.
Demand For Renewable Energy is Driving the Smart Grid Analytics Market
The growth in the utilization of renewable energy sources necessitates effective tracking and prediction of key outcomes. Smart grid analytics technology has therefore surfaced as an innovative tool in enhancing and improving the delivery of power networks. According to the World Economic Forum, in 2023, the global addition of new renewable electricity capacity reached 507-GW, marking a 50% increase compared to 2022. Smart technology plays a crucial role in increasing renewable energy penetration by providing methods and tools for effective management. Smart grid analytics collect and analyze updated data to forecast energy production, optimize grid operations, and balance demand and supply. These tools use historical data, weather predictions, and real-time performance to predict renewable power sources to generate electricity and the strength of that power. This enables energy providers to adjust grid usage patterns, integrate renewable energy more efficiently, and ensure a consistent and reliable energy supply for clients. Consequently, smart grid analytics offers utilities essential insights for optimizing renewable energy utilization while effectively managing the grid.
Capital Intensity and Operational Challenges in Market
One major drawback attributable to the smart grid analytics market is the capital intensity in terms of implementation and integration. The utilization of high-level smart grid analytics tools incorporates extensive amounts of capital investment in smart meters, sensors, and data management. Furthermore, incorporation of these new technologies into the existing grid systems takes time and funds, which may comprise of procurement of new products and solutions, expense incurred to educate people, and procurement of security shields. Some of the financial and operational issues that can become an issue for some utilities especially those in the developing world and may cause a slow rate of implementation and use of smart grid analytics solutions.
Asia-Pacific is Projected to Experience Fastest Growth in the Smart Grid Analytics Market
In densely populated countries with recent rapid development, such as China, India, Japan, and South Korea, the growing demand for energy is driving the need for new and improved power system. It includes the adoption of various smart grid analytical solution to manage and optimize energy distribution effectively. Asia-Pacific which currently hosts 54 percent of the world's total urban population, is at the forefront of this energy transformation.
Besides, tremendous government spending for promising smart grid analytics technologies, such as China's dedicated funding in smart city programs and infrastructure development, is improving energy efficiency and facilitating the integration of renewable resources. India has invested over USD 7.4 billion in smart grid projects as of 2023, with a focus on smart meters, sensors, and data management infrastructure. Similar supportive regulatory environments that provide incentives for carbon emission reduction and promotion of renewable resources are contributing to the improvement of advanced grid analytics through incentive enhancement and system robustness.
The evolution of smart city systems in the region is driving the need for advanced smart grid, IoT ecosystems, and renewable power investments. Additionally, the growth in utilizing advanced storage systems and smart grid technology is supported by technology suppliers and government that drives the market ahead and enhances the smart grid solutions.
Future Market Scenario (2024 - 2031F)
The emerging technologies such as AI, machine learning, and blockchain is anticipated to drive the advancement of smart grid analytics market. Also, improved predictive analytics, real time monitoring, and cyber security are expected to increase the efficiency of grid management and operation.
With the growing use of smart meters, sensors, and IoT devices in smart grids, the amount of data is expected to increase significantly. This surge will drive the need for advanced analytics to manage the information effectively and enhance grid reliability by enabling more precise decision-making.
As the need for clean energy grows, renewable sources such as solar and wind power will become central to smart grid analytics. Data analytics will help manage the fluctuations in renewable energy, maintain grid balance, and ensure efficient power distribution.
The concept of smart cities will have a large impact on the smart grid analytics market. Thus, as more cities embrace integrated and intelligent solutions in infrastructure, there will be increasing demand for smart grid solutions to support energy management and optimization, for providing service delivery or communication infrastructure.
Key Players Landscape and Outlook
The market is experiencing major trends due to the presence of prominent players in the smart grid analytics market which is defining market's development. Established players are providing solutions for smart grid technologies that includes grid management systems, real time monitoring and analytics.
Key players leverage their expertise in hardware and software systems to enhance grid reliability, efficiency, and integration of renewable energy systems. As the shift towards renewable energy generation accelerates, the market is expected to expand rapidly, necessitating advanced methods for managing energy variability and distribution.
In response, key players and startups are actively investing in strategic partnerships and collaborations to strengthen their positions in the smart grid analytics market. For instance, in February 2024, SPAN and Landis+Gyr announced a strategic partnership aimed at advancing electrification, enhancing grid flexibility, and building resilience in a cost-effective manner. This collaboration combines the expertise of two prominent energy industry leaders to assist utilities in optimizing the use of current assets, managing Distributed Energy Resources (DER) more effectively, and improving customer engagement.
Also, in July 2024, Eneida, a significant innovator in Neighbourhood Grid Intelligence for Zero Emission Neighbourhoods (ZEN) and based in Coimbra, has announced the successful completion of a USD 11.74 million Series B financing round.
Companies are investing in breakthrough innovations in the smart grid analytics market, which is adding value and driving growth of the market. For instance, in February 2024, Siemens unveiled Gridscale X, marking a significant step towards achieving autonomous grid management and expediting digital transformation for grid operators efficiently and comprehensively. The Gridscale X software empowers utilities to enhance grid capacity and improve visibility of Distributed Energy Resources (DER), which is crucial for grid decarbonization. By implementing Gridscale X, grid operators can advance their digital transformation efforts across planning, operations, and maintenance phases. Gridscale X is included in the Siemens Xcelerator portfolio and benefits from an extensive and open partner ecosystem that supports its implementation and integration.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.