How big is the energy analytics market | Growth Insights 2031

Q: What is propelling the growth of the energy analytics market?

The growth is primarily driven by decarbonization goals, grid digitalization, and adoption of smart technologies in the energy ecosystem.

Q: What are the emerging developments in the energy analytics market?

Key developments include rise of edge computing and digital twins and growing trend toward cloud-native analytics.

Q: Which industries are the key adopters of energy analytics?

Key adopters include utilities, manufacturing, oil & gas, and large commercial infrastructure such as airports and hospitals.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6320

Publication Date: Jul 2025

How big is the energy analytics market?

According to 6Wresearch internal database and industry insights,the energy analytics market was estimated at USD 12.7 billion in 2024 and is expected to reach over USD 27.6 billion by 2031, growing at a CAGR of around 12.8% during the forecast period.

This growth is proliferated by the growing adoption of smart grid technologies, surging demand for real-time data insights to optimize energy consumption, and escalating regulatory mandates to curb emissions and improve energy efficiency.

Growth Factors of the Energy Analytics Market

Increasing adoption of IoT and AI-based platforms in utility and industrial energy management
Growing energy demand across sectors necessitating smart optimization tools
Favorable government policies supporting carbon neutrality and net-zero targets
Development of cloud computing facilitating scalable energy data analytics solutions
Increase in distributed energy systems such as solar rooftops and EV charging grids
Growing corporate sustainability goals encouraging use of data-driven energy strategies

Energy Analytics Market Trends

Energy Analytics Marketis witnessing a surge in cloud-native analytics platforms that offer real-time monitoring, predictive maintenance, and automated energy forecasting. There is a noticeable shift toward integrating analytics into building management systems, smart meters, and decentralized grids, with emphasis on cybersecurity, edge computing, and AI-driven optimization in both industrial and commercial energy usage.

Emerging Developments in Energy Analytics Market

Recent developments in the Energy Analytics Market include cross-sector collaborations between utilities and tech providers and increased investment in grid modernization. In addition, there is a strong push towards leveraging digital twins and advanced simulation tools for energy scenario planning, along with wider adoption of blockchain for transparent energy transactions and compliance monitoring.