Internet of Things (IoT) in Energy Market Analysis, Share & Industry Insights 2032 | Zoho Corporation, Cisco Systems (US), Siemens

The Internet of Things (IoT) is defined as a network of tangible items, known as 'things', which are fitted with software, sensors, and additional technologies that allow these connected systems to establish a connection and share information with one another via the internet. IoT is contemporary technology and has been utilized in various sectors, including one of the rapidly expanding fields, which is the energy sector. The Internet of Things in energy involves the use of IoT technology within sectors related to power generation and its distribution.

Over the years, energy production and consumption techniques have evolved due to various environmental and economic influences, enhancing opportunities for integration with contemporary tools, software, and technologies. The energy sector's IoT has enabled energy producers to accommodate the evolving needs of end-consumers across residential, commercial, and industrial sectors. Furthermore, the continuous research and development of budget-friendly IOT systems has contributed to the market's further growth. Throughout the forecast period, businesses in the energy IoT sector can anticipate significant growth prospects, though they might encounter some growth limitations.

The Internet of Things (IoT) in Energy Market is Valued USD 24.9 billion in 2022 and projected to reach USD 59.1 billion by 2030, growing at a CAGR of 11.6% During the Forecast period of 2024-2032.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this report: IBM (US), ABB (Switzerland), Actility (France), Zoho Corporation, Cisco Systems (US), SAP (Germany), Intel (US), Siemens (Germany), Altair Engineering (US), AGT International (Switzerland), Davra Networks (US), Flutura (US), Schneider Electric (France), Wind River (US), Aclara (US), HCL Technologies (India), Bosch (Germany), Rockwell Automation (US), Trimble (US), smartGAS (Germany), Infosys (India) & others.

Industry News:

In August 2023, Siemens introduced the next-gen SIRIUS 3UG5 line monitoring relays, integrating IoT capabilities for efficient energy control. These relays are designed to boost the reliability and quality of power networks, catering to essential areas like healthcare facilities and manufacturing sectors. They provide important analytics and guarantee the peak functioning of components.

In August 2023, Zoho Corporation unveiled Zoho FSM, an all-inclusive platform for managing field services designed specifically for companies in the energy field. By integrating automation and enhancing visibility into operations, the platform aims to enable firms to seamlessly manage field activities and provide outstanding services in various sectors, including utilities and HVAC, among others.

Internet of Things (IoT) in Energy Market Segmentation:

Internet of Things (IoT) in Energy Market, By Component
Platform
Solutions
Asset Management
Predictive Maintenance
Asset Condition Monitoring
Safety
Physical Security
Cybersecurity
Connected Logistics
Fleet Management
Freight Management
Port Management
Compliance and Risk Management
Sustainability Monitoring
Emission Monitoring and Control
Data Management and Analytics
SCADA
Mobile Workforce Management
Network Management
Energy Management
Services
Consulting
Integration and Deployment
Support and Maintenance

Internet of Things (IoT) in Energy Market, By Network Technology
Satellite Network
Cellular Network
Radio Network

Internet of Things (IoT) in Energy Market, By Application
Oil and Gas
Upstream
Midstream
Downstream
Coal Mining
Open-pit Mining
Underground Mining
Smart Grid
Generation
Power Transmission and Distribution
Substation Automation

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Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

The global Internet of Things (IoT) in the energy market will be led by North America in the coming years. The major regional growth driver is the ongoing research and innovation in developing affordable IoT solutions that can meet the changing energy demands in North America. The US and Canada have a dominant hold over the regional and global oil & gas industry. These regions have increased spending in the oil sector to meet consumer demands leading to the integration of advanced technologies such as IoT to not only optimize oil drilling, refining, and supply processes but also to track environmental impact and take corrective measures when necessary. Furthermore, the growing investments in 5G technology are projected to create higher demand for IoT in the regional energy sector. 5G-enabled IoT sensors and software solutions are expected to provide more effective results.

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Important Features of the reports:

- Detailed analysis of the Internet of Things (IoT) in Energy Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Internet of Things (IoT) in Energy Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Internet of Things (IoT) in Energy Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Internet of Things (IoT) in Energy Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Internet of Things (IoT) in Energy Market

How big will the market and growth rate be in 2032?

What are the key drivers for the global Internet of Things (IoT) in Energy Market?
What are the major market trends influencing the growth of the global Internet of Things (IoT) in Energy Market?
What are the challenges for market growth?
Who are the key vendors in the global Internet of Things (IoT) in Energy Market?
What market opportunities and threats are vendors facing in the global Internet of Things (IoT) in Energy Market?
What are the main findings of the five forces analysis of the global Internet of Things (IoT) in Energy Market?

Conclusion: At the end of the Internet of Things (IoT) in Energy Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segment analysis is also provided in terms of type and application.

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