IoT in Utilities Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

IoT supports the utility industry to overcome challenges and implement advanced solutions & services. Additionally, IoT connected utility monitor helps with real-time compliance and regulations about feeding power into the network to exploit remote monitoring and control in order to let preventive maintenance. Furthermore, IoT accelerates digital transformation in utilities.

MARKET DYNAMICS

The increase in the adoption of smart meters is the major factor driving the growth of the IoT in utilities market. Furthermore, the rise in the energy sector due to the smart meter, as it allows digital measurement of consumer data, is also driving the growth of the IoT in utilities market. However, lack of technically skilled workforce and a lack of standards are some of the major factors which may restrain the growth of the IoT in utilities market. Nevertheless, the decentralization of the energy sector is anticipated to boost the growth of IoT in utilities market.

MARKET SCOPE

The "Global IoT in Utilities Market Analysis to 2031" is a specialized and in-depth study of the IoT in utilities market with a special focus on the global market trend analysis. The report aims to provide an overview of IoT in utilities market with detailed market segmentation by component, application. The global IoT in utilities market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT in utilities market players and offers key trends and opportunities in the IoT in utilities market.

MARKET SEGMENTATION

The global IoT in utilities market is segmented on the basis of component, application. On the basis of component, the market is segmented as platform, solution, services. On the basis of application, the market is segmented as water and wastewater management, utility gas management, electricity grid management.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IoT in utilities market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IoT in utilities market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting IoT in utilities market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IoT in utilities market in these regions.

IoT in Utilities Market Report Analysis

IoT in Utilities Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• IBM
• Cisco
• Huawei Technologies Co., Ltd.
• Itron Inc
• Landis+Gyr
• Oracle
• Schneider Electric
• Telit
• Verizon

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Platform
• Solutions
• Service

By Application

• Water and Wastewater Management
• Utility Gas Management
• Electricity Grid Management

MARKET PLAYERS

The reports cover key developments in the IoT in utilities market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from IoT in utilities market are anticipated to lucrative growth opportunities in the future with the rising demand for IoT in utilities market. Below mentioned is the list of few companies engaged in the IoT in utilities market.

The report also includes the profiles of key IoT in utilities market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  IBM
  
•  Cisco
  
•  Huawei Technologies Co., Ltd.
  
•  Itron Inc
  
•  Landis+Gyr
  
•  Oracle
  
•  Schneider Electric
  
•  Telit
  
•  Verizon
  
•  Vodafone Limited
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

IoT in Utilities Market Report Scope