Internet of things (IoT) in Energy Market :Segmented by Service (Consulting, Integration and Deployment, Support and Maintenance); by Component (Platform, Solutions, and Services) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
May 2021
172
About the Report
About the Report
Global Internet of things (IoT) in Energy Market to surpass USD 50.21 billion by 2030 from USD 21.3 billion in 2020 at a CAGR of 12.11% in the coming years, i.e., 2021-30. The IoT in energy supports both energy and management operations to be tracked. It helps to monitor all employees’ products.
Product Overview
IoT is an internet-associated network of physical devices, sensors, and various machines for the powerful communication of information. In comparison to standard structures, it generates sound correspondence conditions and improves organizational efficiency by increasing the speed of correspondence. IoT develops process capabilities by facilitating continuous business choices at a fundamental sensor level with a figure and capability limit. The Internet of Things can be used for knowledge collection and action in smart grid applications to increase operational performance and effective energy delivery according to insights gained. In future years, the increasing usage of automated electricity delivery control systems is anticipated to extend the internet's applicability to applications related to energy.
Market Highlights
Global Internet of things (IoT) in the Energy Market is expected to project a notable CAGR of 12.11% in 2030.
The internet of things includes different mechanical devices, sensors linked through a gateway. The concentration of technologies such as embedded systems, machine learning, real-time tracking, etc. extended Internet of Things (IoT) applicability across different verticals. Many electronic devices have in recent years the potential to integrate with Internet access that can be used to match demand and supply of energy and to optimize energy consumption. The innovation in the IoT devices which contributes to improved surveillance efficiency will serve as an occasion and will contribute to market growth.
Global Internet of things (IoT) in Energy Market: Segments
Solutions segment to grow with the highest CAGR during 2020-30
Global Internet of things (IoT) in the Energy Market is segmented by component into Platform, Solutions, and Services. Energy's IoT refers to the use in the power generation industry of IoT solutions. These technologies are specifically designed to achieve system integration and intelligent data in order to achieve the energy companies' operative performance targets. IoT energy solutions also adapt analytics-based decision-making through the use of advanced tools and techniques to reduce the risks and deficiencies in the market In addition, IoT applications have enabled energy firms to track assets from anywhere. In addition, IoT applications have enabled energy firms to track assets from anywhere. IoT technology is used in the total energy value, such as energy generation, transmission, transmission, distribution, asset management, personnel management, protection, and energy management. This aims to limit downtimes in energy service provision, provides a smooth customer experience, and improves the energy organization's overall operating performance.
Integration and Deployment segment to grow with the highest CAGR during 2020-30
Global Internet of things (IoT) in Energy Market is divided by services into Consulting, Integration and Deployment, Support, and Maintenance. Integrate and Deployment Services allow experts to include and deploy IoT devices in the existing/desired IT infrastructure with IoT solutions. These services increase business resilience and productivity of processes by closely bringing IT solutions of companies into line with business requirements. The main reason for companies to take system integration services is the need to increase their overall efficiency and operational quality. The aim of using this service is to connect with each other through integration in different IT systems in an organization to speed up the flow of information and reduce the operating cost of the company.
Market Dynamics
Drivers
Helps in monitoring and tracking
IoT in energy supports both energy and management operations to be tracked. It helps to monitor all employees’ products. The internet of things includes different mechanical devices, sensors linked through a gateway. The concentration of technologies such as embedded systems, machine learning, real-time tracking, etc. extended Internet of Things (IoT) applicability across different verticals. Many electronic devices have in recent years the potential to integrate with Internet access that can be used to match demand and supply of energy and to optimize energy consumption. The innovation in the IoT devices which contributes to improved surveillance efficiency will serve as an occasion and will contribute to market growth.
Application in various buildings
IoT devices are commonly used for the control and monitoring of electrical, mechanical, and electronic systems in various types of buildings which include commercial, public, institutional, private, or apartment buildings. This tool contributes to improving monitoring performance and to rising demand in all sectors and contributes to market growth.
Restraints
Lack of standardization
Lack of legislation and universal standards, slow integration, and a reluctance to adapt is expected to impede the market growth of IoT in the energy industry.
Global Internet of things (IoT) in Energy Market: Key Players
-
Microsoft Corporation (US)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Zamna Technologies (UK)
- Winding Tree (Switzerland)
- Filament (US)
- Insolar Technologies (Switzerland)
- Moog Inc. (US.)
- IBM (US)
- Aeron Labs (Belize)
- Volantio Inc (US)
- Infosys (India)
- Leewayhertz Technologies (US)
- Other prominent players
Global Internet of things (IoT) in Energy Market: Regions
Global Internet of things (IoT) in the Energy Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Internet of things (IoT) in Energy Market in APAC held the largest market share in the year 2020. The increasing adoption of the intelligent grid architecture, improvements to technology, management of energy, and regulating requirements are key factors in IoT's energy market growth in the area. China is also the biggest importer, the largest economy in the region. China, which accounts for half of its oil, is the largest producer in the country. Its production was 6% less than normal for nearly a decade which was still more than one-third of the world's crude, 36 million barrels a day is used by the APAC. Increased smart meter use in countries like China, Japan, Australia, and South Korea has enhanced IoT's growth in the APAC area in the energy sector.
Global Internet of things (IoT) in the Energy Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Internet of things (IoT) in Energy Market report also contains analysis on:
Internet of things (IoT) in Energy Segments:
- By Service Type
- Consulting
- Integration and Deployment
- Support and Maintenance
- By component
- Platform
- Solutions
- Services
- Internet of things (IoT) in Energy Dynamics
- Internet of things (IoT) in Energy Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Internet of things (IoT) in Energy Market Report Scope and Segmentation
Frequently Asked Questions
- How big is the Internet of things (IoT) in Energy market?
- What is the Internet of things (IoT) in Energy market growth?
- Which segment accounted for the largest Internet of things (IoT) in Energy market share?
- Who are the key players in the Internet of things (IoT) in Energy market?
- What are the factors driving the Internet of things (IoT) in Energy market?
Products
Table of Contents
Table of Contents
Contents
- Executive Summary
- Global Internet of things (IoT) in Energy Market
- Product Overview
- Market Definition
- Segmentation
- Assumptions and Acronyms
- Research Methodology
- Research Objectives
- Primary Research
- Secondary Research
- Forecast Model
- Market Size Estimation
- Average Pricing Analysis
- Macro-Economic Indicators
- Market Dynamics
- Growth Drivers
- Restraints
- Opportunity
- Trends
- Correlation & Regression Analysis
- Correlation Matrix
- Regression Matrix
- Recent Development, Policies & Regulatory Landscape
- Risk Analysis
- Demand Risk Analysis
- Supply Risk Analysis
- Global Internet of things (iot) in Energy Market Analysis
- Porters Five Forces
- Threat of New Entrants
- Bargaining Power of Suppliers
- Threat of Substitutes
- Rivalry
- PEST Analysis
- Political
- Economic
- Social
- Technological
- Porters Five Forces
- Global Internet of things (IoT) in Energy Market
- Market Size & forecast, 2020A-2030F
- By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Market Size & forecast, 2020A-2030F
- Global Internet of things (IoT) in Energy Market: Market Segmentation
- By Regions
- North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- By component: Market Share (2020-2030F)
- Platform, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Solutions, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- By service: Market Share (2020-2030F)
- Consulting, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Integration and Deployment, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- Support and Maintenance, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
- By Regions
Company Profile
- Microsoft Corporation (US)
- Company Overview
- Company Total Revenue (Financials)
- Market Potential
- Global Presence
- Key Performance Indicators
- SWOT Analysis
- Product Launch
- Zamna Technologies (UK)
- Winding Tree (Switzerland)
- Filament (US)
- Insolar Technologies (Switzerland)
- Moog Inc. (US.)
- IBM (US)
- Aeron Labs (Belize)
- Volantio Inc (US)
- Infosys (India)
- Leewayhertz Technologies (US)
- Other prominent players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Why Buy From US?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.