Energy-Efficient Appliances drive Global IoT in Energy & Utility Application Market

Inkwood Research anticipates that the Global IoT in Energy & Utility Application Market will propel with a CAGR of 10.39% during the forecast years, 2022-2030, and generate $73219.61 million in revenue 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 End-User, Connectivity, Component, & Geography.

Refer to the Report Summary Here: https://inkwoodresearch.com/reports/iot-in-energy-utility-application-market/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR

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.

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Global IoT in Energy & Utility Application Market Scenario

Improvements in operational efficiency are a primary driver of the energy & utility application business. With increased market competition, energy & utility firms are under pressure to keep output price increases to a minimum, negatively influencing their operating profit. Thus, organizations seek ways to cut operational costs while enhancing efficiency. Building an analytics infrastructure empowered by IoT provides various benefits, including improved visibility and cost management, allowing businesses to cut operating expenses while enhancing efficiency.

Further, products like smart meters actively evaluate expenses, manage real-time power consumption, and share data among utility companies and customers. Customers can regulate their electricity consumption with the help of apps at a granular level, eliminate wasting energy, and respond to load changes. Therefore, advantageous applications of smart products drive the market growth of IoT in energy & utility applications during the forecast period.

The Global IoT in Energy & Utility Application Market report provides data tables and includes charts and graphs for visual analysis.

The India IoT in energy & utility application market is predicted to record a CAGR of 11.82% during the forecast period, 2022-2028.
Here's a link to our Country Report Summary: https://inkwoodresearch.com/reports/india-iot-in-energy-utility-application-market/

Market Segmentation

Market by Component:
• Services
o Deployment And Integration
o Professional Services
o Support And Maintenance
• Hardware
o Devices
o Sensors
o Other Hardware Components
• Software
o Grid Management
o Water Management
o Operational Control
o Analytics
o Security

Market by End-Users:
• Utility Gas Management
• Water Management
• Oil & Gas
• Electricity Grid & Supply Management
• Mining

Market by Connectivity:
• Non-Cellular
• Cellular

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

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

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