Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Big Data Analytics to Drive Utility Energy Management, Cost Reduction and Equipment Reliability
* Required Fields
Pay by invoice
The global smart grid analytics market is projected to generate $2.31 billion in sales by end of 2025. This study segments data analytics according to three main areas of the grid network, which ranges from customer endpoints, all the way up to the distribution and transmission network.• T&D analytics consist of analytics-related management and optimization of T&D assets. • Metering consists of analytics-related revenue assurance and revenue protection.• Customer analytics consists of analytics related to customer service retention.These systems already generate massive amounts of data from endpoints, such as distribution network sensors and smart meters. There are currently approximately 319 million distribution sensors deployed globally, whereas on-the-edge, AMI networks transmit nearly 900 Terabytes data yearly alone.A key issue is that much of this data is gathered in an unstructured manner and only 2% to 4% is actually used for analytic purposes.Frost & Sullivan projects that the market will gradually switch to predictive and prescriptive analytics, especially as networks with low-latency capabilities are laid out to minimize the reactionary time (e.g., 5G). The industry predicts that 5G will start deployment in the 2021 to 2022 timeframe. Predictive and prescriptive analytics will incorporate statistical models that flag areas of inefficiency as well as evaluate and predict events in a timely manner, to finally have AI-enabled analytics that can deliver a holistic decision making tool.Growing complexity with analytics and high capital cost are creating opportunities for new business models, for example, cloud-based managed services, where customers contribute very little upfront cost and instead pay a monthly subscription.From a geographic standpoint, deployment is directly linked to a high installed base of endpoints, including distribution and substation automation and smart meters. Based on this, North America is currently the largest market for grid analytics. Nevertheless, Asia is expected to pick up momentum and will exhibit the fastest CAGR among all four regions, growing at a CAGR of 13.2% between 2018 and 2025. The emphasis is on improving energy access and minimizing financial losses (non-technical losses). India and China, in particular, have been leading the way when it comes to utility-scale renewable energy sources. India has a target of installing 175 GW and China has a solar target of 270 GW by 2022. Places such as Australia and Singapore are looking to minimize power interruption by integrating Geographic Information System (GIS) data analytics and forecast events. Japan, on the other hand, will be an ideal market for customer analytics due to its plans for 100% penetration of smart meters by the year 2024. This would consist of energy efficiency and real-time consumption data of appliances.Author: Farah Saeed
Frost Radar in the Asia-Pacific Switchgear Market
Global Trends in Electricity Distribution Network Intelligence, 2019
North American High Voltage Gas Insulated Switchgear (HV GIS) Market, Forecast to 2024
North American Electrification of Transportation—Investment, Forecast to 2024
Analysis of the North American Grids Cyber Security Market, Forecast to 2022
U.S. Grid Modernization Initiatives, 2017
North American Low-voltage Dry-type Distribution Transformer Market, Forecast to 2024
Global Switchgear Market, Forecast to 2020
North American Digital Grid Communication Infrastructure, Forecast to 2023
North American Digital Substation Market, Forecast to 2022
neurology devices market
wireless charging market
commercial uav market
electric car market
solar energy market
medical robots market
dietary supplements market
Fill in the fields below to receive a sample report
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.