Market Overview:
The global internet of things (IoT) in energy market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for IoT in energy applications such as oil and gas, mining, and others. Additionally, the growing demand for smart grids and smart cities is also contributing to the growth of this market. The cellular network segment is expected to hold the largest share of the global IoT in energy market during the forecast period. This can be attributed to factors such as rising demand for connected devices and expanding 4G/LTE networks across regions. The satellite network segment is projected to grow at a high CAGR during the forecast period owing to its advantages such as wide area coverage, low latency, and high bandwidth over other networking technologies. In terms of application, oil.
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Product Definition:
The term “Internet of Things” (IoT) is used to describe the interconnectedness of physical objects and devices, such as vehicles, home appliances, and industrial equipment, with networks and the internet. The IoT allows these objects and devices to collect and exchange data with one another and with computer systems. This exchange of data can provide real-time information on the status or performance of physical objects or systems, which can help improve efficiency, safety, security, quality control, sustainability efforts or other aspects of operations.
Cellular Network:
Cellular network is the set of connected devices that use radio waves or electromagnetic spectrum to communicate with each other. It allows mobile phones, computers and tablets, etc. to access the internet.
Satellite Network:
The global satellite network is used to transfer data from one point to another in the form of signals. It is widely used in various applications such as weather forecasting, navigation, and communication. The technology has evolved over time with new innovations such as artificial satellites for providing internet access globally along with other services. These technologies are expected to enhance the efficiency of energy distribution by reducing losses during transmission and increasing speed & range.
Application Insights:
The oil and gas segment dominated the global internet of things in energy market, accounting for a revenue share of over 40.0% in 2017. The growth can be attributed to the extensive use of smart meters and other IoT enabled technologies for monitoring and controlling operations at various levels within an oil & gas company. Furthermore, increasing demand for real-time data from sensors deployed at wellheads, pipelines, storage tanks as well as refineries has resulted in growing importance being attached to accurate flow data which is further driving adoption across numerous applications within the sector.
The mining application segment is expected to register a notable CAGR over the forecast period owing to rising need for deploying cutting edge technology solutions while trying to extract more value out of each tonne of mineral resources extracted from mines around the world. Increasing focus on cost reduction efforts by major mining companies such as BHP Billiton Mitsubishi Materials Corporation (BMC) Ltd., Vale SA.
Regional Analysis:
The North American region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing penetration of IoT devices, rising demand for energy efficiency, and growing adoption of renewable sources of energy. Moreover, presence of major oil & gas companies such as ExxonMobil Corporation; ConocoPhillips; Royal Dutch Shell Plc.; and BP Plc., among others is also anticipated to drive regional growth.
Asia Pacific region accounted for a significant share in terms of revenue generation owing to increasing deployment projects by various governments across countries such as China, India Japan South Korea Indonesia Thailand Malaysia Philippines Singapore Australia Vietnam Myanmar etc. Presence or expansion plans for smart cities are also driving regional growth significantly. For instance, In India government has planned about 100 smart cities across country by 2020 with integrated infrastructure systems that include communication systems based on internet protocol (IP).
Growth Factors:
- Increased demand for energy efficiency and sustainability: The global energy market is forecast to grow from trillion in 2015 to trillion by 2030, according to the International Energy Agency (IEA). In this context, IoT can play a critical role in helping organizations become more efficient and sustainable. For example, IoT-enabled sensors can help identify opportunities for improved energy management and conservation.
- Proliferation of renewable energy sources: According to the IEA, renewables will account for almost 30% of global power generation by 2040 – up from 24% in 2016. This growth is being driven by declining costs of solar and wind power technologies, as well as government policies that promote their deployment. IoT can play an important role here too, helping operators manage and optimize renewable energy sources more effectively.
- Growth of electric vehicles: The number of electric vehicles on the road is expected to reach 125 million by 2030, according to Bloomberg New Energy Finance (BNEF). This rapid growth will create new opportunities for IoT-enabled charging infrastructure and vehicle-to-grid (V2G) systems that allow EVs to provide grid services like frequency regulation or peak shaving/load balancing .
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Things (IoT) in Energy Market Research Report
By Type
Cellular Network, Satellite Network, Radio Network, Others
By Application
Oil And Gas, Mining
By Companies
AGT INTERNATIONAL, CISCO SYSTEMS, INTERNATIONAL BUSINESS MACHINE (IBM) CORPORATION, SAP, CARRIOTS S.L., DAVRA NETWORKS, FLUTURA BUSINESS SOLUTIONS, ILS TECHNOLGY, MAVEN SYSTEMS PRIVATE, NORTHWEST ANALYTICS, SYMBOTICWARE, WIND RIVER SYSTEMS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Things (IoT) in Energy Market Report Segments:
The global Internet of Things (IoT) in Energy market is segmented on the basis of:
Types
Cellular Network, Satellite Network, Radio Network, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil And Gas, Mining
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AGT INTERNATIONAL
- CISCO SYSTEMS
- INTERNATIONAL BUSINESS MACHINE (IBM) CORPORATION
- SAP
- CARRIOTS S.L.
- DAVRA NETWORKS
- FLUTURA BUSINESS SOLUTIONS
- ILS TECHNOLGY
- MAVEN SYSTEMS PRIVATE
- NORTHWEST ANALYTICS
- SYMBOTICWARE
- WIND RIVER SYSTEMS
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Highlights of The Internet of Things (IoT) in Energy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cellular Network
- Satellite Network
- Radio Network
- Others
- By Application:
- Oil And Gas
- Mining
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Internet of Things (IoT) in Energy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The IoT is a network of physical devices and their associated software that allow them to interact with each other over the internet. This network can be used to collect data about the environment, monitor equipment, and control systems.
Some of the major players in the internet of things (iot) in energy market are AGT INTERNATIONAL, CISCO SYSTEMS, INTERNATIONAL BUSINESS MACHINE (IBM) CORPORATION, SAP, CARRIOTS S.L., DAVRA NETWORKS, FLUTURA BUSINESS SOLUTIONS, ILS TECHNOLGY, MAVEN SYSTEMS PRIVATE, NORTHWEST ANALYTICS, SYMBOTICWARE, WIND RIVER SYSTEMS.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet of Things (IoT) in Energy Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Internet of Things (IoT) in Energy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Things (IoT) in Energy Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Internet of Things (IoT) in Energy Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Internet of Things (IoT) in Energy Market Size & Forecast, 2020-2028
4.5.1 Internet of Things (IoT) in Energy Market Size and Y-o-Y Growth
4.5.2 Internet of Things (IoT) in Energy Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cellular Network
5.2.2 Satellite Network
5.2.3 Radio Network
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil And Gas
6.2.2 Mining
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet of Things (IoT) in Energy Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Internet of Things (IoT) in Energy Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cellular Network
9.6.2 Satellite Network
9.6.3 Radio Network
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil And Gas
9.10.2 Mining
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cellular Network
10.6.2 Satellite Network
10.6.3 Radio Network
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil And Gas
10.10.2 Mining
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cellular Network
11.6.2 Satellite Network
11.6.3 Radio Network
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil And Gas
11.10.2 Mining
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cellular Network
12.6.2 Satellite Network
12.6.3 Radio Network
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil And Gas
12.10.2 Mining
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cellular Network
13.6.2 Satellite Network
13.6.3 Radio Network
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil And Gas
13.10.2 Mining
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Internet of Things (IoT) in Energy Market: Competitive Dashboard
14.2 Global Internet of Things (IoT) in Energy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AGT INTERNATIONAL
14.3.2 CISCO SYSTEMS
14.3.3 INTERNATIONAL BUSINESS MACHINE (IBM) CORPORATION
14.3.4 SAP
14.3.5 CARRIOTS S.L.
14.3.6 DAVRA NETWORKS
14.3.7 FLUTURA BUSINESS SOLUTIONS
14.3.8 ILS TECHNOLGY
14.3.9 MAVEN SYSTEMS PRIVATE
14.3.10 NORTHWEST ANALYTICS
14.3.11 SYMBOTICWARE
14.3.12 WIND RIVER SYSTEMS
