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UK IoT Energy Market Size, Share, Analysis, Applications, Growth Insight, Trends, Leaders, Services and Future Forecast - 2025

08-28-2021 11:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

UK IoT energy market is expected to witness a significant growth with the CAGR of approximately 20% during the forecast period. IoThas enabled the concept of smartness in every from the grid to the city. The insight derived from data collected from connected devices can enhance productivity and efficiency as well as they can improve real-time decision making. It can also be used to develop new services, solve critical problems and create innovative experiences. Various numbers of advances in M2M/ IoT technology has been a part of energy sector such as initiated energy-efficient innovations driven by Big Data analytics as well as M2M/ IoT Application Platforms. Smart meters based on the energy-saving IoT played are widely used globally.

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Additionally, IoT based M2M solutions enable interaction, resource sharing and interoperability between different domains. IoT technology addresses focuses on energy grids and smart Grids and its key issues such as failure in distribution network, grid security, line losses, and overloading. Depletion of energy resources day by day, global focus has been shifting in order to conserve energy and green energy usage with the deployment of IoT solutions. These applications enable power utilities to control assets from a random geographical location at any time. Additionally, IoT technology offers sophisticated solutions for renewable energy sector and its key issues such as renewable energy installations, fault management, plant monitoring, and performance monitoring.

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Market Segmentation

UK IoT Energy Market by Solution Type
• Asset Maintenance
• Connected Logistics
• Monitoring and Management
• IoT Analytics
• Others

UK IoT Energy Market by End-User
• Oil & Gas
• Mining
• Wind
• Solar
• Others

Company Profiles
• IBM Corp.
• Capgemini Services SAS
• Gemalto NV
• HCL Technologies, Ltd.
• Cisco Systems, Inc.
• Intel Corp.
• Altair Engineering, Inc.
• Meazon

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Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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