Rising Internet Of Things (IOT) Adoption Transforms Energy Management, Driving Demand For Efficient And Sustainable Practices In The Industry: A Key Driver Powering Internet Of Things (IoT) In Energy Market Growth In 2025

The Internet Of Things (IoT) In Energy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Internet Of Things (IoT) In Energy Market Size and Its Estimated Growth Rate?
The market size for Internet of Things (IoT) in the energy sector has seen rapid growth in the past few years. The market is projected to grow from $25.97 billion in 2024 to $28.68 billion in 2025, showcasing a Compound Annual Growth Rate (CAGR) of 10.4%. The exponential growth in the previous period can be credited to the development of smart grid technologies, the requirement for cost reduction, increased energy demand, initiatives towards modernizing grid infrastructures, and environmental concerns.

The market size of the Internet of Things (IoT) within the energy sector is forecasted to experience a significant expansion in the upcoming years, skyrocketing to $47.41 billion by 2029 with a compound annual growth rate (CAGR) of 13.4%. Several factors are expected to contribute to this advancement in the predicted period, including real-time asset tracking, decentralized energy production, the spread of IoT devices, efforts to alleviate climate change, and energy management systems. The forecasting period will also see key trends like adaptive energy management, analytics in energy consumption, utilization of blockchain for energy exchanges, integration of renewable energy, and the emergence of IoT-powered smart buildings.

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How Are Emerging Segments Shaping the Internet Of Things (IoT) In Energy Market Landscape?
The internet of things (IoT) in energy market covered in this report is segmented -

1) By Component: Solution, Platforms, Services
2) By Technology: Cellular Network, Satellite Network, Radio Network, Other Technologies
3) By Application: Energy Generation, Energy Consumption, Network Security, Email Security, Database And Cloud Security, Other Applications

Subsegments:
1) By Solution: Smart Metering Solutions, Energy Management Solutions, Predictive Maintenance Solutions, Demand Response Solutions
2) By Platforms: IoT Platforms For Energy Management, Data Analytics Platforms, Cloud-Based Platforms, Connectivity Platforms
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training And Education Services

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Which Growth Factors Are Influencing Internet Of Things (IoT) In Energy Market Expansion?
The rise in the uptake of energy management is foreseen to boost the expansion of the internet of things in the energy market. Energy management involves the well-orchestrated, organized, and systematic management of energy procurement, conversion, dispersal, and utilization, keeping both environmental and economical objectives in mind. The energy sector employs real-time energy consumption data from IoT-based energy management systems to enhance electricity usage. They can transition smoothly to more financially and resource-wise efficient regimes and shape efficient and sustainable energy usage policies based on the patterns observed. This, in effect, necessitates more IoT solutions in the energy sector. To illustrate, a report by the Federal Statistical Office of Germany highlighted that at the start of 2022, 10% (or 1 in 10) German households were equipped with intelligent energy management systems such as smart thermostats, electric meters, and lights to conserve energy. Consequently, the rising adoption of energy management systems is stimulating the demand for the internet of things in the energy market.

Who Are the Dominant Players Across Different Internet Of Things (IoT) In Energy Market Segments?
Major companies operating in the internet of things (IoT) in energy market are Cisco Systems Inc., International Business Machines Corporation, Intel Corporation, SAP SE, AGT International, Davra Networks, HCL Technologies Limited, accenture* PLC, Google LLC, Altair Engineering Inc., Siemens AG, Schneider Electric SE, Rockwell Automation Inc., Asea Brown Boveri Ltd., Aclara Technologies LLC, C3.ai Inc., Honeywell International Inc., Vodafone Group PLC, Duke Energy Corporation, Enel S.p.A., Électricité de France, Pacific Gas and Electric Company, National Grid PLC, Southern Company, Carriots SL, Flutura Business Solutions LLC, Maven Systems Private Limited, Wind River Systems Inc.

What Are the Latest Developing Trends in the Internet Of Things (IoT) In Energy Market?
Innovation in products stands out as a key trend in the IoT in the energy sector. Giants in the field are continuously bringing out novel solutions to retain their market lead. For example, ABB Ltd., a technology company from Switzerland, introduced a groundbreaking energy-management system called ABB Ability OPTIMAX in November 2022. The system aids in controlling production costs by providing a real-time overview of energy use in various processes. Green hydrogen, created through the electrolytic breakdown of water using electricity from renewable sources, is considered vital for a future with lower carbon emissions. ABB's OPTIMAX plays a crucial role here by facilitating every phase of a hydrogen plant's life cycle, from simulation during the design and engineering stages to real-time observation and monitoring during operation. The software identifies carbon dioxide emissions and bi-directional electricity flows, offering operators comprehensive data that they can utilize to determine optimal energy use levels for maintaining plant operations and minimizing waste.

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Which Geographic Regions Are Expected to Dominate the Internet Of Things (IoT) In Energy Market in the Coming Years?
North America was the largest region in the k market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global internet of things (IoT) in energy market during the forecast period. The regions covered in the internet of things (IoT) in energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Internet Of Things (IoT) In Energy Market?
2. What is the CAGR expected in the Internet Of Things (IoT) In Energy Market?
3. What Are the Key Innovations Transforming the Internet Of Things (IoT) In Energy Industry?
4. Which Region Is Leading the Internet Of Things (IoT) In Energy Market?

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