Market Overview:
The global internet of things (IoT) in utility market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for smart grid management, predictive asset maintenance, and security solutions across different regions. The market is segmented by type, application, and region. By type, the market is segmented into analytics, security, smart grid management, and predictive asset maintenance. By application, the market is segmented into water and sewage management public utility natural gas management power grid management ,and others .By region ,the marketis divided into North America Latin America Europe Asia Pacific Middle East & Africa . North America held the largest share of the global IoT in utilitymarket in 2017 owing tothe presenceof major players such as IBM Corporation (US), Cisco Systems Inc.(US), Intel Corporation (US), Schneider Electric SE(France), and ABB Ltd.
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Product Definition:
The Internet of Things (IoT) is a term used to describe the ever-growing network of physical objects and devices that are connected to the internet. These objects can include anything from wearable technology and home appliances to industrial equipment and vehicles. The IoT has the potential to revolutionize how we live and work by enabling us to interact with our surroundings in ways that were once impossible. For example, imagine being able to control your home's heating system or turning on your lights from anywhere in the world simply by using your smartphone. Or, imagine being able to track real-time data about traffic congestion or energy consumption in order to make more informed decisions about how you get around town or use electricity.
The IoT is already playing a significant role in utility companies' operations. For example, many utilities are using smart meters which allow customers to track their energy usage in near real-time. This not only helps customers become more aware of their energy consumption patterns but also enables them make changes that can save them money on their electricity bills.
Analytics:
IoT is the interconnection of electronic devices, appliances, and machines through the internet. It helps in real-time data tracking and monitoring capabilities which further help in providing efficient services to customers. The utility companies are now focusing on using big data analytics for effective customer management along with reducing operational costs by adopting IoT technology.
Security:
Security is the process of protecting sensitive information through various data protection techniques. IoT devices collect a large amount of personal and private information such as usernames, passwords, emails, etc., which are then exposed to potential cyber threats. Thus it becomes important for manufacturers to incorporate security features in these devices so that sensitive information cannot be misused or stolen.
The Internet of Things (IoT) has gained popularity due to its ability to provide improved efficiency.
Application Insights:
The global internet of things in utility market, by application, is segmented into water and sewage management, public utility natural gas management, power grid management and predictive asset maintenance. The water and sewage management segment dominated the overall industry in terms of revenue share in 2017. This can be attributed to the growing demand for energy as a result of rapid urbanization coupled with rising population along with other factors such as increasing investments by governments for improving infrastructure across various countries globally.
The public utility natural gas management application is anticipated to witness significant growth over the forecast period owing to its ability to monitor & control assets & operations at an operational level using data collected from sensors embedded throughout pipelines or facilities. These applications also offer real-time information on asset performance which helps optimize plant operations thus contributing towards higher growth rates over the forecast period.
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 investments in IoT-based solutions by governments, growing adoption of smart devices, and rising demand for energy efficiency. Moreover, presence of major technology players such as General Electric; Siemens; Honeywell International Inc.; Cisco Systems, Inc.; and Verizon Communications Inc., has contributed significantly to regional growth.
However, Asia Pacific is anticipated to emerge as a lucrative region during the same period owing to increasing government initiatives for implementation of innovative solutions across various sectors including healthcare & life sciences; transportation & logistics; water & wastewater management; public safety & security among others. Furthermore, growing penetration of smart meters across households will further boost regional demand over the next eight years.
Growth Factors:
- Increased demand for data-driven decision making: The IoT is generating vast amounts of data that can be used to improve operational efficiency, identify new revenue opportunities, and optimize customer engagement. This is driving demand for IoT solutions in the utility market.
- Proliferation of smart devices and sensors: The number of connected devices and sensors is growing rapidly, providing utilities with more opportunities to collect data and improve operations.
- Advances in analytics: Utilities are increasingly using big data analytics to make sense of all the sensor data they are collecting and turn it into actionable insights. This is helping them become more efficient and agile in their operations.
- Development of innovative business models: Utilities are exploring new business models that leverage the capabilities of the IoT, such as pay-as-you-go pricing structures or usage-based tariffs that give customers greater flexibility and control over their energy use . 5) Growing interest from venture capitalists: There has been a surge in investment activity around IoT startups in recent years, with venture capitalists pouring billions into this space
Scope Of The Report
Report Attributes
Report Details
Report Title
Internet of Things (IoT) in Utility Market Research Report
By Type
Analytics, Security, Smart Grid Management, Predictive Asset Maintenance
By Application
Water And Sewage Management, Public Utility Natural Gas Management, Power Grid Management
By Companies
SILVERS SPRING NETWORKS, TRILLIANT, OSISOFT, C3 ENERGY, ENERGYWORX SOLUTIONS & SERVICES B.V., CRYPTOSOFT, TIBBO TECHNOLOGY, AMPLIA SOLUCIONES, WAVIOT, GRID4C, PEOPLE POWER
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Internet of Things (IoT) in Utility Market Report Segments:
The global Internet of Things (IoT) in Utility market is segmented on the basis of:
Types
Analytics, Security, Smart Grid Management, Predictive Asset Maintenance
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
Water And Sewage Management, Public Utility Natural Gas Management, Power Grid Management
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:
- SILVERS SPRING NETWORKS
- TRILLIANT
- OSISOFT
- C3 ENERGY
- ENERGYWORX SOLUTIONS & SERVICES B.V.
- CRYPTOSOFT
- TIBBO TECHNOLOGY
- AMPLIA SOLUCIONES
- WAVIOT
- GRID4C
- PEOPLE POWER
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Highlights of The Internet of Things (IoT) in Utility 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:
- Analytics
- Security
- Smart Grid Management
- Predictive Asset Maintenance
- By Application:
- Water And Sewage Management
- Public Utility Natural Gas Management
- Power Grid Management
- 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 Utility 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.
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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 Internet of Things (IoT) is a network of devices that are interconnected to share data. These devices can include anything from cars to appliances, and they can be used for a variety of purposes, such as monitoring energy usage or tracking the location of objects.
Some of the major companies in the internet of things (iot) in utility market are SILVERS SPRING NETWORKS, TRILLIANT, OSISOFT, C3 ENERGY, ENERGYWORX SOLUTIONS & SERVICES B.V., CRYPTOSOFT, TIBBO TECHNOLOGY, AMPLIA SOLUCIONES, WAVIOT, GRID4C, PEOPLE POWER.
The internet of things (iot) in utility market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Internet of Things (IoT) in Utility 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 Utility Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Internet of Things (IoT) in Utility 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 Utility 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 Utility Market Size & Forecast, 2020-2028
4.5.1 Internet of Things (IoT) in Utility Market Size and Y-o-Y Growth
4.5.2 Internet of Things (IoT) in Utility 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 Analytics
5.2.2 Security
5.2.3 Smart Grid Management
5.2.4 Predictive Asset Maintenance
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 Water And Sewage Management
6.2.2 Public Utility Natural Gas Management
6.2.3 Power Grid Management
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Internet of Things (IoT) in Utility 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 Utility 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 Analytics
9.6.2 Security
9.6.3 Smart Grid Management
9.6.4 Predictive Asset Maintenance
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 Water And Sewage Management
9.10.2 Public Utility Natural Gas Management
9.10.3 Power Grid Management
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 Analytics
10.6.2 Security
10.6.3 Smart Grid Management
10.6.4 Predictive Asset Maintenance
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 Water And Sewage Management
10.10.2 Public Utility Natural Gas Management
10.10.3 Power Grid Management
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 Analytics
11.6.2 Security
11.6.3 Smart Grid Management
11.6.4 Predictive Asset Maintenance
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 Water And Sewage Management
11.10.2 Public Utility Natural Gas Management
11.10.3 Power Grid Management
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 Analytics
12.6.2 Security
12.6.3 Smart Grid Management
12.6.4 Predictive Asset Maintenance
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 Water And Sewage Management
12.10.2 Public Utility Natural Gas Management
12.10.3 Power Grid Management
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 Analytics
13.6.2 Security
13.6.3 Smart Grid Management
13.6.4 Predictive Asset Maintenance
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 Water And Sewage Management
13.10.2 Public Utility Natural Gas Management
13.10.3 Power Grid Management
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 Utility Market: Competitive Dashboard
14.2 Global Internet of Things (IoT) in Utility Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SILVERS SPRING NETWORKS
14.3.2 TRILLIANT
14.3.3 OSISOFT
14.3.4 C3 ENERGY
14.3.5 ENERGYWORX SOLUTIONS & SERVICES B.V.
14.3.6 CRYPTOSOFT
14.3.7 TIBBO TECHNOLOGY
14.3.8 AMPLIA SOLUCIONES
14.3.9 WAVIOT
14.3.10 GRID4C
14.3.11 PEOPLE POWER
