IoT Utilities Market Is Booming Worldwide | ABB, Bosch Software Innovations, Cisco Systems, General Electric, Hitachi

The Latest report about the IoT Utilities  market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the IoT Utilities market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

IoT Utilities Market was valued at USD 168.57 billion in 2020 and expected to reach USD 298.26 billion by 2026 and grow at a CAGR of 10% over the forecast period (2021-2026).

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report:

ABB, Bosch Software Innovations, Cisco Systems, General Electric, Hitachi, Honeywell International, Huawei Technologies, IBM Corporation, Intel Corporation, Microsoft Corporation, NEC Corporation,

Latest Update and Developments

December 17, 2020 Quantzig Launches a Comprehensive Portfolio of IoT Analytics Solutions for Utilities | Request a Free Demo for Personalized Solution Insights- Quantzig, a premier data analytics and advisory firm, proudly announces the launch of its advanced portfolio of IoT analytics solutions for the utilities industry

March 23, 2017 Oracle Utilities Launches Smart Grid and IoT Device Management Solution in the Cloud- In a big announcement this week, Oracle has introduced its Oracle Utilities Operational Device Cloud Service (ODCS), a new cloud offering that enables utilities to further automate the management of their grid assets and devices, at a total lower cost of ownership.

March 22, 2017 Oracle Utilities Launches Smart Grid and IoT Device Management Solution in the Cloud- Oracle today introduced Oracle Utilities Operational Device Cloud Service (ODCS), a new cloud offering that enables utilities to further automate the management of their grid assets and devices, at a total lower cost of ownership.

IoT Utilities Market Overview

The advent of IoT in utilities is expected to reduce challenges faced by the utility sector and help evolve it. The application of IoT in utilities will improve efficiency, generate revenue, and conserve enterprise resources. IoT sensors can optimize energy and water generation and distribution to help utility providers keep up with the increasing demand of utilities, such as water, gas, and electricity from consumers. Additionally, IoT sensors can improve workplace safety for oil and gas workers.

Increasingly, regulations require the recording of accurate meter data at regular intervals, and that the data collected be made available to all actors in the grid being producers, consumers or both. AMI is a cost-efficient way to collect accurate readings based on actual consumption from millions of meters. Smart meters also give utilities the ability to operate and upgrade every node remotely.

North America has been at the forefront in the adoption of smart grid technology and a large share of the major utilities in the region is fully deployed or in the implementation or planning stages of full-scale rollouts.The energy sector, like other critical infrastructure, has also suffered from an onslaught of cyberattacks.

Breakdown Data by Type

Sensor

Rfid

Connectivity Technologies

Others

IoT Utilities Breakdown Data by Application

Electricity Grid Management

Gas Management

Waste Management

Others

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global IoT Utilities market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

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IoT Utilities Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the IoT Utilities market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the IoT Utilities market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the IoT Utilities Market report.

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.