Big Data in Power Sector Market 2021 Growth, COVID Impact, Trends Analysis Report 2027

Big Data in Power Sector market size is projected to reach US$ 13330 million by 2027, from US$ 6902 million in 2020, at a CAGR of 9% during 2021-2027. The imbalance between power demand and supply is driving the demand for smart solutions such as big data. Big data has helped utility companies efficiently utilize their assets by tracking consumption patterns and forecasts and shifting supply in both space and time accordingly. In 2017, investments in big data and artificial intelligence increased tenfold.

The Big Data in Power Sector key players in this market include:

• Microsoft
• Teradata
• IBM
• SAP SE
• Amazon (AWS)
• Oracle Corp
• EnerNoc Inc
• Siemens AG

By Type, the market is primarily split into

• Software & Service
• Platform

Software & service is the most widely used type which takes up about 59.46% of the total sales in 2019.

By Application, this report covers the following segments

• Petroleum & Gas
• Smart Grid
• Wind Power

Scope of the Report

The research study analyzes the global Big Data in Power Sector industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Big Data in Power Sector Market Report

1. What was the Big Data in Power Sector Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

What will be the CAGR of Big Data in Power Sector Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Big Data in Power Sector Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

• Proliferation and maturation of trade in the global Big Data in Power Sector market.
• The market share of the global Big Data in Power Sector market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Big Data in Power Sector market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Big Data in Power Sector market.