Refinery Companies Support Global IoT in Energy & Utility Application Market

Inkwood Research estimates the Global IoT in Energy & Utility Application Market to grow with a CAGR of 10.39% during the forecast years, 2022-2030, and generate a revenue of $73219.61 million by 2030.
Browse 73 market data Tables and 63 Figures spread over 237 Pages, along with an in-depth analysis of the Global IoT in Energy & Utility Application Market by Component, End-User, Connectivity, & Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis with input from industry professionals across the value chain.

Global IoT in Energy & Utility Application Market Scenario
IoT assists in streamlining key oil and gas operations, such as production, drilling, exploration, and delivery. IoT finds its application majorly in Big Data and predictive analysis, which are used in oil and gas enterprises to reduce downtimes and maintenance costs of the refining equipment. These applications further improve asset management. Moreover, logistics in the petroleum industry are incredibly complex, and the major concern is to transport oil and gas with the lowest risk possible. Therefore, the companies utilize IoT-based sensor analytics to ensure the safe logistics of their energy product, which boosts their market growth globally.
Furthermore, the shift toward costlier and complex refineries generates the need to maximize return on investment. Consequently, oil and gas companies depend on advanced and IoT-enabled oil and gas data analytics and predictive models to reduce downtime and enhance margins by optimizing exploration and production. Hence, the increasing number of IoT applications in the industry is favorable for the global IoT in energy & utility application market growth.
The Global IoT in Energy & Utility Application Market report provides data tables and includes charts and graphs for visual analysis.

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Market Segmentation
Market by End-Users:
• Electricity Grid & Supply Management
• Water Management
• Utility Gas Management
• Oil & Gas
• Mining
Market by Connectivity:
• Non-Cellular
• Cellular
Market by Component:
• Services
o Support And Maintenance
o Deployment And Integration
o Professional Services
• Hardware
o Devices
o Sensors
o Other Hardware Components
• Software
o Operational Control
o Water Management
o Analytics
o Grid Management
o Security

Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030

Companies Profiled
• CAPGEMINI SE
• EATON CORPORATION PLC
• SAP SE
• GENERAL ELECTRIC COMPANY
• WIPRO LIMITED
• SCHNEIDER ELECTRIC SE
• TERADATA CORPORATION
• ABB LTD
• CISCO SYSTEMS INC
• SAS INSTITUTE INC
• INFOSYS LIMITED
• INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
• BUILDINGIQ INC
• SIEMENS AKTIENGESELLSCHAFT
• ORACLE CORPORATION
• ACLARA TECHNOLOGIES LLC

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