GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

 

 

TABLE OF CONTENTS

 

1. GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON IOT IN THE ENERGY & UTILITY APPLICATION MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASING ECONOMIC VALUE OF IOT

2.2.2. INCREASE IN MICROGRIDS CONTROL SYSTEM USE

2.2.3. SIGNIFICANT INVESTMENTS IN RESEARCH & DEVELOPMENT ACTIVITIES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. KEY IMPACT ANALYSIS

2.4.1. MODE OF DEPLOYMENT

2.4.2. PRICE

2.4.3. APPLICATION

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. INDUSTRY COMPONENTS

2.8. KEY MARKET STRATEGIES

2.8.1. ACQUISITIONS

2.8.2. PRODUCT LAUNCHES

2.8.3. PARTNERSHIPS

2.9. MARKET DRIVERS

2.9.1. EMPHASIS ON A GREENER ENVIRONMENT SURGING ENERGY AND UTILITY ANALYTICS DEMAND

2.9.2. INCREASING CONSUMPTION AND DEMAND FOR ENERGY GENERATION

2.9.3. GROWING CONSUMER FOCUS ON ENERGY CONSUMPTION PATTERN ANALYSIS

2.9.4. DECLINE IN PRICES OF IOT COMPONENTS AND AVAILABILITY OF NEXT-GENERATION SENSORS

2.9.5. IMPROVEMENT IN THE OIL & GAS INDUSTRY OPERATIONS

2.9.6. DEMAND FOR AUTOMATION TOOLS IN ENERGY MANAGEMENT

2.10. MARKET CHALLENGES

2.10.1. SECURITY CONCERNS

2.10.2. NEED FOR HIGH CAPITAL INVESTMENT FOR DEPLOYMENT

2.10.3. LACK OF SKILLED EMPLOYEES

2.10.4. IOT INTEGRATION WITH SUBSYSTEMS

2.11. MARKET OPPORTUNITIES

2.11.1. NEED FOR REAL-TIME MONITORING SYSTEMS IN THE MINING AND PETROLEUM INDUSTRIES

2.11.2. RISING ADOPTION OF CLOUD TECHNOLOGY IN UTILITY & ENERGY ANALYTICS

2.11.3. INCREASING SHARE OF RENEWABLE ENERGY SECTOR IN ELECTRICITY GENERATION

3. GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY CONNECTIVITY

3.1. NON-CELLULAR

3.2. CELLULAR

4. GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY COMPONENT

4.1. HARDWARE

4.1.1. DEVICES

4.1.2. SENSORS

4.1.3. OTHER HARDWARE COMPONENTS

4.2. SERVICES

4.2.1. DEPLOYMENT & INTEGRATION

4.2.2. SUPPORT AND MAINTENANCE

4.2.3. PROFESSIONAL SERVICES

4.3. SOFTWARE

4.3.1. OPERATIONAL CONTROL

4.3.2. ANALYTICS

4.3.3. SECURITY

4.3.4. GRID MANAGEMENT

4.3.5. WATER MANAGEMENT

5. GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY END-USER

5.1. OIL & GAS

5.2. UTILITY GAS MANAGEMENT

5.3. ELECTRICITY GRID & SUPPLY MANAGEMENT

5.4. MINING

5.5. WATER MANAGEMENT

6. GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET – REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1. MARKET BY CONNECTIVITY

6.1.2. MARKET BY COMPONENT

6.1.2.1. MARKET BY HARDWARE

6.1.2.2. MARKET BY SERVICE

6.1.2.3. MARKET BY SOFTWARE

6.1.3. MARKET BY END-USER

6.1.4. COUNTRY ANALYSIS

6.1.4.1. UNITED STATES

6.1.4.2. CANADA

6.2. EUROPE

6.2.1. MARKET BY CONNECTIVITY

6.2.2. MARKET BY COMPONENT

6.2.2.1. MARKET BY HARDWARE

6.2.2.2. MARKET BY SERVICE

6.2.2.3. MARKET BY SOFTWARE

6.2.3. MARKET BY END-USER

6.2.4. COUNTRY ANALYSIS

6.2.4.1. UNITED KINGDOM

6.2.4.2. GERMANY

6.2.4.3. FRANCE

6.2.4.4. ITALY

6.2.4.5. SPAIN

6.2.4.6. NORDIC REGION

6.2.4.7. NETHERLANDS

6.2.4.8. REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1. MARKET BY CONNECTIVITY

6.3.2. MARKET BY COMPONENT

6.3.2.1. MARKET BY HARDWARE

6.3.2.2. MARKET BY SERVICE

6.3.2.3. MARKET BY SOFTWARE

6.3.3. MARKET BY END-USER

6.3.4. COUNTRY ANALYSIS

6.3.4.1. CHINA

6.3.4.2. JAPAN

6.3.4.3. INDIA

6.3.4.4. SOUTH KOREA

6.3.4.5. ASEAN COUNTRIES

6.3.4.6. AUSTRALIA & NEW ZEALAND

6.3.4.7. REST OF ASIA-PACIFIC

6.4. LATIN AMERICA

6.4.1. MARKET BY CONNECTIVITY

6.4.2. MARKET BY COMPONENT

6.4.2.1. MARKET BY HARDWARE

6.4.2.2. MARKET BY SERVICE

6.4.2.3. MARKET BY SOFTWARE

6.4.3. MARKET BY END-USER

6.4.4. COUNTRY ANALYSIS

6.4.4.1. BRAZIL

6.4.4.2. MEXICO

6.4.4.3. REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1. MARKET BY CONNECTIVITY

6.5.2. MARKET BY COMPONENT

6.5.2.1. MARKET BY HARDWARE

6.5.2.2. MARKET BY SERVICE

6.5.2.3. MARKET BY SOFTWARE

6.5.3. MARKET BY END-USER

6.5.4. COUNTRY ANALYSIS

6.5.4.1. UNITED ARAB EMIRATES

6.5.4.2. SAUDI ARABIA

6.5.4.3. TURKEY

6.5.4.4. SOUTH AFRICA

6.5.4.5. REST OF MIDDLE EAST & AFRICA

7. COMPETITIVE LANDSCAPE

7.1. ACLARA TECHNOLOGIES LLC

7.2. CAPGEMINI SE

7.3. ABB LTD

7.4. IBM

7.5. GENERAL ELECTRIC COMPANY

7.6. SAS INSTITUTE

7.7. SIEMENS

7.8. SAP SE

7.9. SCHNEIDER ELECTRIC

7.10. BUILDINGIQ INC

7.11. TERADATA CORPORATION

7.12. CISCO SYSTEMS INC

7.13. INFOSYS LTD

7.14. WIPRO LTD

7.15. EATON CORPORATION PLC

7.16. ORACLE CORPORATION

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

 

 

TABLE LIST

TABLE 1: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: LIST OF PRODUCT LAUNCHES

TABLE 5: LIST OF PARTNERSHIPS

TABLE 6: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

TABLE 7: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 8: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 9: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

TABLE 10: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

TABLE 11: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 12: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 14: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

TABLE 15: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 16: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 17: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

TABLE 18: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

TABLE 19: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 20: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 21: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

TABLE 22: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 23: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 24: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

TABLE 25: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

TABLE 26: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 27: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 28: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

TABLE 29: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 30: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 31: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

TABLE 32: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

TABLE 33: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 34: LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 35: LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

TABLE 36: LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 37: LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 38: LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

TABLE 39: LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

TABLE 40: LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 41: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 42: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

TABLE 43: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 44: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 45: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICE, 2022-2028 (IN $ MILLION)

TABLE 46: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

TABLE 47: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

 

 

FIGURE LIST

FIGURE 1: KEY BUYING IMPACT ANALYSIS

FIGURE 2: MARKET ATTRACTIVENESS INDEX

FIGURE 3: INDUSTRY COMPONENTS

FIGURE 4: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, CONNECTIVITY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 5: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2022-2028 (IN $ MILLION)

FIGURE 6: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2022-2028 (IN $ MILLION)

FIGURE 7: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 8: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

FIGURE 9: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, HARDWARE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 10: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2022-2028 (IN $ MILLION)

FIGURE 11: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2022-2028 (IN $ MILLION)

FIGURE 12: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2028 (IN $ MILLION)

FIGURE 13: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 14: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, SERVICES OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT & INTEGRATION, 2022-2028 (IN $ MILLION)

FIGURE 16: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT & MAINTENANCE, 2022-2028 (IN $ MILLION)

FIGURE 17: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 18: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 19: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, SOFTWARE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 20: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL, 2022-2028 (IN $ MILLION)

FIGURE 21: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2022-2028 (IN $ MILLION)

FIGURE 22: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2022-2028 (IN $ MILLION)

FIGURE 23: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 24: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 25: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %)

FIGURE 26: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS, 2022-2028 (IN $ MILLION)

FIGURE 27: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 28: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ELECTRICITY GRID & SUPPLY MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 29: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2022-2028 (IN $ MILLION)

FIGURE 30: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 31: GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 32: UNITED STATES IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: CANADA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: UNITED KINGDOM IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 35: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: FRANCE IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 37: ITALY IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 38: SPAIN IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 39: NORDIC REGION IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 40: NETHERLANDS IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 41: REST OF EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 42: NUMBER OF IOT CONNECTIONS IN CHINA (2018-2022)

FIGURE 43: CHINA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 44: JAPAN IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 45: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 46: KOREA'S IOT GLOBAL COMPETITIVENESS COMPARED TO USA = 100% IN 2020 (IN %)

FIGURE 47: SOUTH KOREA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 48: ASEAN COUNTRIES IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 49: AUSTRALIA & NEW ZEALAND IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 50: REST OF ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 51: BRAZIL IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 52: MEXICO IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 53: REST OF LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 54: UNITED ARAB EMIRATES IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 55: SAUDI ARABIA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 56: TURKEY IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 57: SOUTH AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 58: REST OF MIDDLE EAST & AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

 

 

MARKET OUTLOOK

Based on Triton’s report, the global IoT in energy & utility application market is anticipated to progress with a CAGR of 12.78% during the forecast period 2022-2028.

Factors such as emphasis on a greener environment, rising consumption and demand for energy generation, increasing focus on energy consumption pattern analysis, and decline in costs of IoT components drive the studied market on a growth path. Besides this, the rising adoption of cloud technology has opened new avenues for the IoT in the energy & utility application market.

However, security issues, the need for high capital investment, IoT integration with subsystems, and the lack of a skilled workforce negatively impact the market’s growth.

 

 

REGIONAL OUTLOOK

The global IoT in energy & utility application market covers Latin America, Europe, North America, Asia-Pacific, and the Middle East and Africa regions.

The Asia-Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The union of technologies like cloud, analytics, mobility, and big data are major factors driving IoT adoption in the region. As per estimates, companies, developers, and decision-makers widely opt for IoT for various purposes. This is because they consider IoT an integral part of business operations.

Furthermore, the pandemic became a major driving force in encouraging companies to invest heavily in IoT to facilitate remote working. Along with this, the availability of low-cost hardware and software fuels IoT adoption. Therefore, these factors are expected to boost the growth of the IoT in energy & utility application market over the forecast period.

 

Get more Insights into the Global Iot in Energy and Utility Application Market:

 

https://www.tritonmarketresearch.com/reports/iot-in-energy-and-utility-application-market

 

 

COMPETITIVE OUTLOOK

The leading companies in the IoT in energy & utility application market include ABB Ltd, IBM, SAP SE, Aclara Technologies LLC, SAS Institute, BuildingIQ Inc, Schneider Electric, Eaton Corporation Plc, General Electric Company, Cisco Systems Inc, Infosys Ltd, Teradata Corporation, Capgemini SE, Siemens, Wipro Ltd, and Oracle Corporation.

Capgemini SE offers IT consulting and outsourcing services. It also provides business process management, cloud services, and engineering services. The company serves clients across numerous industries, including manufacturing, energy and utilities, government, healthcare, transportation, electronics, and automotive, among others. Additionally, it provides products under Sogeti, Invent, and others. Capgemini has operations across Asia-Pacific, North America, Latin America, and the Middle East and Africa. It is headquartered in Paris, France.

 

 

SEGMENTATION

1. ACLARA TECHNOLOGIES LLC

2. CAPGEMINI SE

3. ABB LTD

4. IBM

5. GENERAL ELECTRIC COMPANY

6. SAS INSTITUTE

7. SIEMENS

8. SAP SE

9. SCHNEIDER ELECTRIC

10. BUILDINGIQ INC

11. TERADATA CORPORATION

12. CISCO SYSTEMS INC

13. INFOSYS LTD

14. WIPRO LTD

15. EATON CORPORATION PLC

16. ORACLE CORPORATION