- Energy and utility analytics refers to the application of data analytics tools to monitor, optimize, and manage energy generation, distribution, and consumption. These solutions enable utilities to gain actionable insights, improve grid reliability, reduce operational costs, and support environmental goals
- The rising demand for analytics in this sector is driven by the need to handle large volumes of data generated by smart meters, sensors, and connected devices, along with the growing emphasis on grid resilience, regulatory compliance, and the efficient management of distributed energy resources
- North America dominated the energy and utility analytics market with a share of 40.5% in 2024, due to the region's advanced infrastructure, high energy consumption, and increasing investment in grid modernization and smart utilities
- Europe is expected to be the fastest growing region in the energy and utility analytics market during the forecast period due to strong policy frameworks, aggressive sustainability goals, and rising energy costs
- Solutions segment dominated the market with a market share of 69.5% in 2024, due to the growing need for real-time insights and predictive analytics across critical utility operations. Solutions such as asset performance analytics, load forecasting, grid optimization, and demand-side management are increasingly adopted to enhance operational efficiency, minimize outages, and ensure regulatory compliance. Utilities are leveraging these tools to transition from reactive to proactive management strategies, particularly in power distribution and renewable integration
