The global IoT in utilities market is estimated to be valued at USD 38,391.6 million in 2024. Over the projection period 2024 to 2034, global IoT in utilities is expected to witness a CAGR of 13.3% and total size of USD 77,640.3 million by 2034-end.
The Internet of Things (IoT) in utilities states connecting smart devices, sensors and software to utility systems like power, water, gas etc. This technology enables utilities to monitor, control and optimize their operations in real time.
Allowing remote monitoring, predictive maintenance to prevent failures, and data-driven decisions to optimize resource utilization ease of use of smart grids and meters to efficiently manage energy distribution to utilities and support the integration of renewable energy. Overall, IoT these services in utilities revolutionizes the way to distribute, making it more consistent, reliable and responsive to customers.
The purposes of IoT in utilities are to increase productivity, improve operational reliability and encourage sustainable development. By leveraging connected devices and sensors, IoT enables utilities to monitor devices in real time, gaze anomalies, and proactively address problems before they escalate, thereby reducing downtime operation, improve quality and save costs.
IoT enables utilities to implement demand response systems, encourage energy conservation, and re-add renewable energy to the grid. Furthermore, IoT facilitates decision-making data is used, enabling businesses to analyze usage patterns, forecast demand, and optimize investments in infrastructure. Overall, the aim is to provide intelligent, flexible and sustainable systems that reduce environmental impact and deliver reliable services.
Global IoT in Utilities Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 38,391.6 million |
| Estimated Size, 2024 | USD 40,678.5 million |
| Projected Size, 2034 | USD 77,640.3 million |
| Value-based CAGR (2024 to 2034) | 13.3% |
Increasing adoption of smart grid technologies, increasing demand for energy efficiency solutions, and the need to improve operational efficiencies in utilities are the major driver expansion IoT technology enables enterprises to monitor and manage real-time transactions, optimize resource utilization and enhance customer service through data-driven insights.
Moreover, the integration of IoT in renewable energy and the use of smart meters further drives the growth. Evolving regulatory frameworks, emphasis on sustainability, and investments in digital transformation are expected to continue to propel IoT into the consumer goods, creating opportunities seeds for innovation and advanced solutions to meet industry requirements.
The below table presents the expected CAGR for the global IoT in utilities market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 12.7%, followed by a slightly higher growth rate of 13.5% in the second half (H2) of the same year.
| Particular | Value CAGR |
|---|---|
| H1 | 12.7% (2023 to 2033) |
| H2 | 13.5% (2023 to 2033) |
| H1 | 12.5% (2024 to 2034) |
| H2 | 13.6% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase slightly to 12.5% in the first half and remain relatively moderate at 13.6% in the second half. In the first half (H1) the market witnessed a decrease of 20 BPS while in the second half (H2), the market witnessed an increase of 10 BPS.
Rising Adoption IoT Enables Real-Time Monitoring and Automation, leading to Optimized Utility Operations and Reduced Operational Costs.
IoT enables real-time monitoring and action in the utilities by connecting sensors and devices that continuously collect data from utility assets and infrastructure and then transmits this data to central systems where it can be analyzed and processed the immediate process. This automation ensures that departmental users are able to maintain high levels of operational efficiency, reducing downtime and service waste.
The consumption of real-time analytics and automation not only improves efficiency but also ominously reduces operating costs. By identifying and addressing problems early, utilities can prevent costly repairs and extensive damage.
The predictive maintenance offered by IoT can operate in time before failure, extending asset lifetime and avoiding expensive emergency measures in addition to the need to manually monitor system if operations and labor-intensive processes, further reducing operating costs. The overall result is a more efficient, reliable and cost-effective operation that benefits both suppliers and end-users.
Smart Meters Revolutionize Utilities with Time Tracking and Energy Efficiency
The adoption of smart meters represents a massive trend within the IoT utilities, pushed by means of the want for actual-time tracking and green strength usage. Smart meters permit software companies to acquire precise intake facts in actual-time, presenting a complete view of electricity usage patterns. This granular information lets in for better call for forecasting, extra correct billing, and stronger customer service.
By leveraging IoT generation, smart meters can speak intake statistics at once to the software issuer, exploit away with the need for manual meter readings and decreasing operational costs. Additionally, purchasers benefit from more visibility into their power utilization, empowering them to make informed choices to reduce their intake and store on energy expenses.
Moreover, the integration of smart meters enables the implementation of advanced electricity management strategies. Utility agencies can use the real-time statistics to optimize grid operations, balance masses, and integrate renewable energy resources extra efficaciously. For instance, for the duration of peak call for extents, utilities can put into effect call for response applications, incentivizing clients to reduce or shift their energy usage.
This not accessible helps in preserving grid stability but also in lowering the reliance on fossil gas-based power plant life. The great adoption of smart meters is likewise important for the improvement of smart grids, which can be critical for the transition to a extra sustainable and efficient energy device. As a result, smart meters play a pivotal function in modernizing the utilities region and advancing in the direction of a better, more resilient, and green strength infrastructure.
Integration of IoT Devices Permits Precise Tracking and Leak Detection of Sustainable Conservation
IoT devices have revolutionized water control by using allowing precise monitoring of water usage in actual time. These devices can monitor water drift costs, come across leaks, and perceive areas of excessive intake with outstanding accuracy.
By presenting utilities and clients with actual-time statistics on water usage styles, IoT gadgets empower stakeholders to make knowledgeable selections approximately conservation measures. For instance, they are able to pinpoint leaks or inefficient water usage conduct and take immediately corrective movements, as a consequence selling water conservation and decreasing waste drastically.
Moreover, IoT-enabled water tracking structures play a crucial position in sustainability efforts. By detecting leaks early on, these gadgets prevent the loss of treasured water resources and mitigate capacity damage to infrastructure. This proactive method not best saves water but also reduces the associated fees of restore and preservation. Additionally, with the aid of selling a culture of conservation and responsible water use, IoT gadgets make a contribution to lengthy-term environmental stewardship, ensuring that water remains a sustainable resource for generations to come back.
Costly Infrastructure and Expertise May Restrict IoT Adoption in Utility
High initial implementation costs and ongoing maintenance costs associated with IoT in the utilities industry can be a significant barrier to adoption IoT infrastructure deployments often require significant investments in hardware, software, and communication solutions. For venture capital firms, which are already operating with tight budgets, this initial capital expenditure can be an important deterrent. Furthermore, ongoing maintenance costs, including upgrades, security measures, and troubleshooting, can significantly strain financial resources over time.
This cost is compounded by the need for specialized expertise to design, deploy, and manage IoT systems in practical areas. Experienced personnel to understand the IoT technology sector and the specific needs of the utility industry are essential but can be expensive to hire or train Furthermore, the rapid pace of technological advances in IoT means that utilities must continue to invest in order to keep abreast of the latest innovations They ensure their presence
The global IoT in utilities market recorded a CAGR of 12.6% during the historical period between 2019 and 2023. The growth of IoT in utilities industry was positive as it reached a value of USD 38,391.6 million in 2023 from USD 30,498.2 million in 2019.
From 2019 to 2023, the global IoT in utilities market witnessed abundant increase pushed by using factors inclusive of growing adoption of clever grid technology, growing demand for green power management solutions, and the want for real-time tracking and control of application infrastructure. Various IoT programs, inclusive of smart meters, distribution automation, and call for reaction systems, received traction during this era.
Vendors and providers invested closely in IoT solutions to optimize operations, reduce expenses, and enhance customer experience within the utilities section. As a result, the sales outlook for IoT in utilities in the course of these years confirmed a consistent growing, with a developing range of utilities integrating IoT technologies into their infrastructure.
Looking ahead from 2024 to 2034, the demand forecast for IoT in utilities is predicted to experience substantial boom pushed by way of numerous key factors. These encompass the continued emphasis on power performance and sustainability, regulatory mandates promoting smart grid projects, and the combination of renewable energy assets into application grids.
The adoption of advanced analytics, synthetic intelligence, and device learning algorithms within IoT structures is projected to enhance operational efficiencies and predictive renovation talents for utilities. Additionally, the emergence of recent IoT packages, including asset performance management and grid optimization, is anticipated to fuel demand for IoT solutions in the utilities sector which led to the expansion of the industry globally.
Tier 1 companies comprise leaders with a revenue of above USD 100 million capturing significant share of 45% to 50% in global landscape. These players are characterized by high production capacity and a wide product portfolio. These companies tend to have more resources, more advanced technology, and more established customers. Tier 1 companies in the IoT utilities industry include General Electric (GE), Siemens, and IBM.
These companies have a strong presence in various infrastructure segments, offering a wide range of IoT solutions such as smart grid management, asset management, energy efficiency, etc. to Their industry to reflect their leadership position and investment in IoT technologies.
Tier 2 companies include mid-size players with revenue of USD 50 to 100 million having presence in specific regions and highly influencing the local market by focusing on niches or offering specialized IoT solutions. Tier 2 companies in this industry are ABB, Schneider Electric and Cisco Systems. They play a key role in driving innovation and competitiveness, contributing to the overall growth and dynamism of the IoT utilities.
Tier 3 companies in the IoT utilities market are usually smaller players or startups that focus on specific niches or emerging technologies in the utilities sector. While their share value may be relatively small compared to Tier 1 and Tier 2 firms, they contribute to diversity and innovation and have limited geographical reach. These firms often bring disruptive technologies and ideas, and it drives innovation and pushes the boundaries in IoT applications for consumer products denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
The section below covers the industry analysis for the IoT in utilities market for different countries. Demand analysis on key countries in several countries of the globe, including the United States, India, China, the United Kingdom, and Germany is provided. The United States is anticipated to remain at the forefront in North America, with a value share of 72.4% through 2034. In South Asia and Pacific, India is projected to witness a CAGR of 17.7% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| India | 17.7% |
| China | 16.1% |
| Germany | 14.5% |
| United Kingdom | 13.3% |
| United States | 12.7% |
The United Kingdom is estimated to report a CAGR of 13.3% through 2034. The valuation is set to reach over USD 1,330.4 million by 2034. It holds the highest share in the European space.
Modernize infrastructure and boost resource management have positioned the United Kingdom in commanding position. Countrywide rollout of smart meters are key driver burgeoning the growth of the sector. These meters permit real-time monitoring of energy consumption, empowering consumers to make informed decisions about their custom.
The integration of renewable energy sources into the UK's energy mix is a focal point pouring IoT solutions in utilities. The country's assurance to reducing carbon secretions and transitioning to sustainable energy practices has incited innovation in IoT-enabled technologies for renewable energy integration and management. This includes systems for monitoring solar and wind power generation, optimizing energy storage, and enabling efficient grid operations.
The United States is anticipated to grow at a CAGR of 12.7 % from 2024 to 2034.
The United States emphasis on technology innovation make huge contribution in its success. The impulse for renewable energy sources, ambitious by both government initiatives and public demand for sustainable practices, has boosted the integration of IoT into utility structures. This integration allows for more effective monitoring, management, and optimization of energy resources, contributing to overall sustainability goals.
The presence of major tech companies converging on IoT solutions further energies growth. These companies bring expertise, investment, and advanced solutions to the board, driving the development and adoption of IoT in the utilities sector. Overall, the United States leadership in technology, coupled with its renewable energy push and upgrading initiatives, positions it as a key player in the rapidly evolving IoT in utilities market.
China’s IoT in utilities market is anticipated to register a CAGR of 16.1% from 2024 to 2034. The country is expected to grow at a substantial pace and continue its dominance in East Asia through 2034.
China's significant presence in the Internet of Things (IoT) within the utilities industry is driven by a combination of the country's booming economy that provides abundant opportunities for investment in infrastructure development, with a particular focus on smart grid systems and IoT solutions for utilities. This widespread investment sets the groundwork for advanced technologies to be cohesive into utility networks, foremost to improved efficiency, reduced waste, and heightened service delivery.
Furthermore, China's continuous technological advancements and innovations and the focus on leveraging cutting-edge technologies, such as artificial intelligence (AI) and big data analytics, promote boosts the capabilities of IoT solutions in optimizing utility operations. Overall, China's economic growth, government support for smart initiatives, and technological prowess position it as a key player driving the expansion of IoT in the utilities market.
The section contains information about the leading segments in the industry. By component, the solution segment is estimated to grow at a CAGR of 14.8% throughout 2034. Additionally, the electricity grid management application is projected to expand at 12.7% till 2034.
| Component | Solutions |
|---|---|
| Value Share (2034) | 45.8% |
Solutions likely has a higher share in the IoT utilities market due to their ground-breaking and vigorous IoT solutions may offer inclusive features that provide precisely to the utilities sector. This could include advanced analytics for enhancing energy consumption, real-time monitoring of substructure for preemptive maintenance, and integration capabilities with existing utility systems for continuous operation. Such features are highly valued by utility companies looking to boost efficiency and reduce operational costs.
Solutions may have recognized strong partnerships and collaborations within the utilities industry. These partnerships could involve working closely with utility providers to understand their unique challenges and develop tailored IoT solutions that address these pain points effectively. This cooperative approach not only builds trust but also ensures that Solutions' are well-suited to the industry's needs, further subsidizing to their dominance.
The reputation for reliability, security, and scalability could play a significant role in their leadership. In the utilities sector, where data accuracy and system reliability are dominant, companies are more likely to indicate a confidential provider like Solutions that has a proven track record of delivering high-quality IoT solutions. This trust factor, combined with their high-tech expertise and industry knowledge, positions Solutions as a top choice for utility companies seeking IoT solutions.
| Application | Electricity Grid Management |
|---|---|
| Value Share (2034) | 51.6% |
The electricity grid management segment holds a higher share of 51.6% in the IoT utilities market as the increasing adoption of smart grids and advanced metering infrastructure (AMI) has suggestively heightened the efficiency and consistency of electricity distribution networks.
IoT technologies play a vital role in this by permitting real-time monitoring, data analytics, and predictive maintenance of grid substructure. This level of automation and intelligence helps efficacy companies enhance energy distribution, reduce stoppage, and improve overall service excellence, driving the demand for IoT solutions in grid management.
The impulsion towards renewable energy combination and the rise of dispersed energy resources (DERs) have drove the need for IoT-enabled grid management. With a growing number of solar panels, wind turbines, and other renewable sources connected to the grid, utilities require refined monitoring and control systems to manage the inconsistent supply and demand dynamics efficiently. IoT solutions offer proficiencies such as demand response, energy storage optimization, and micro grid management, permitting utilities to balance renewable energy generation with grid stability and bounciness.
Additionally, supervisory directives and government initiatives marked at modernizing aging substructure and promoting energy efficiency have enhanced the embracing of IoT in electricity grid management. Utilities are under compression to meet severe routine standards, reduce radiations, and improve customer service.
IoT technologies deliver them with the tools to achieve these goals by empowering real-time prominence into grid operations, proactive maintenance, and rapid response to outages or interruptions. As a result, the electricity grid management segment continues to overlook the IoT utilities market, driven by the compelling benefits it offers in terms of cost savings, operational efficiency, and sustainability.
The IoT utilities industry is extremely competitive and driving invention through advanced IoT solutions, converging on smart grid technologies, predictive maintenance, and energy efficiency. Innovative entrants and focused firms are also gaining traction by offering niche solutions and leveraging emerging technologies like AI and machine learning. The viable scenery is characterized by strategic partnerships, mergers, and acquisitions aimed at expanding capabilities and reach.
Recent Industry Developments in IoT in Utilities Market
The industry is divided into solution, platform and services.
The segment is segregated into water and wastewater management, utility gas management and electricity grid management
The industry is classified into small and mid-sized enterprises, and large enterprises.
A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.
Table 01: Global Market Value (US$ Million), By Component, 2015 to 2021
Table 02: Global Market Value (US$ Million), By Component, 2022 to 2032
Table 03: Global Market Value (US$ Million), By Solution, 2015 to 2021
Table 04: Global Market Value (US$ Million), By Solution, 2022 to 2032
Table 05: Global Market Value (US$ Million), By Service, 2015 to 2021
Table 06: Global Market Value (US$ Million), By Service, 2022 to 2032
Table 07: Global Market Value (US$ Million), By Application, 2015 to 2021
Table 08: Global Market Value (US$ Million), By Application, 2022 to 2032
Table 09: Global Market, By Region, 2015 to 2021
Table 10: Global Market, By Region, 2022 to 2032
Table 11: North America Market Value (US$ Million), By Component, 2015 to 2021
Table 12: North America Market Value (US$ Million), By Component, 2022 to 2032
Table 13: North America Market Value (US$ Million), By Solution, 2015 to 2021
Table 14: North America Market Value (US$ Million), By Solution, 2022 to 2032
Table 15: North America Market Value (US$ Million), By Service, 2015 to 2021
Table 16: North America Market Value (US$ Million), By Service, 2022 to 2032
Table 17: North America Market Value (US$ Million), By Application, 2015 to 2021
Table 18: North America Market Value (US$ Million), By Application, 2022 to 2032
Table 19: North America Market, By Country, 2015 to 2021
Table 20: North America Market, By Country, 2022 to 2032
Table 21: Latin America Market Value (US$ Million), By Component, 2015 to 2021
Table 22: Latin America Market Value (US$ Million), By Component, 2022 to 2032
Table 23: Latin America Market Value (US$ Million), By Solution, 2015 to 2021
Table 24: Latin America Market Value (US$ Million), By Solution, 2022 to 2032
Table 25: Latin America Market Value (US$ Million), By Service, 2015 to 2021
Table 26: Latin America Market Value (US$ Million), By Service, 2022 to 2032
Table 27: Latin America Market Value (US$ Million), By Application, 2015 to 2021
Table 28: Latin America Market Value (US$ Million), By Application, 2022 to 2032
Table 29: Latin America Market, By Country, 2015 to 2021
Table 30: Latin America Market, By Country, 2022 to 2032
Table 31: Europe Market Value (US$ Million), By Component, 2015 to 2021
Table 32: Europe Market Value (US$ Million), By Component, 2022 to 2032
Table 33: Europe Market Value (US$ Million), By Solution, 2015 to 2021
Table 34: Europe Market Value (US$ Million), By Solution, 2022 to 2032
Table 35: Europe Market Value (US$ Million), By Service, 2015 to 2021
Table 36: Europe Market Value (US$ Million), By Service, 2022 to 2032
Table 37: Europe Market Value (US$ Million), By Application, 2015 to 2021
Table 38: Europe Market Value (US$ Million), By Application, 2022 to 2032
Table 39: Europe Market, By Country, 2015 to 2021
Table 40: Europe Market, By Country, 2022 to 2032
Table 41: Asia Pacific Market Value (US$ Million), By Component, 2015 to 2021
Table 42: Asia Pacific Market Value (US$ Million), By Component, 2022 to 2032
Table 43: Asia Pacific Market Value (US$ Million), By Solution, 2015 to 2021
Table 44: Asia Pacific Market Value (US$ Million), By Solution, 2022 to 2032
Table 45: Asia Pacific Market Value (US$ Million), By Service, 2015 to 2021
Table 46: Asia Pacific Market Value (US$ Million), By Service, 2022 to 2032
Table 47: Asia Pacific Market Value (US$ Million), By Application, 2015 to 2021
Table 48: Asia Pacific Market Value (US$ Million), By Application, 2022 to 2032
Table 49: Asia Pacific Market, By Country, 2015 to 2021
Table 50: Asia Pacific Market, By Country, 2022 to 2032
Table 51: MEA Market Value (US$ Million), By Component, 2015 to 2021
Table 52: MEA Market Value (US$ Million), By Component, 2022 to 2032
Table 53: MEA Market Value (US$ Million), By Solution, 2015 to 2021
Table 54: MEA Market Value (US$ Million), By Solution, 2022 to 2032
Table 55: MEA Market Value (US$ Million), By Service, 2015 to 2021
Table 56: MEA Market Value (US$ Million), By Service, 2022 to 2032
Table 57: MEA Market Value (US$ Million), By Application, 2015 to 2021
Table 58: MEA Market Value (US$ Million), By Application, 2022 to 2032
Table 59: MEA Market, By Country, 2015 to 2021
Table 60: MEA Market, By Country, 2022 to 2032
Figure 01: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 02: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 03: Global Market Share, By Component, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Projections, Organization Size - 2022 to 2032
Figure 05: Global Market Attractiveness Index, Organization Size - 2022 to 2032
Figure 06: Global Market Share, By Solution, 2022 & 2032
Figure 07: Global Market Y-o-Y Growth Projections, By Solution - 2022 to 2032
Figure 08: Global Market Attractiveness Index, By Solution - 2022 to 2032
Figure 09: Global Market Share, By Application, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Application - 2022 to 2032
Figure 12: Global Market Share, By Service, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Service - 2022 to 2032
Figure 15: Global Market Share, By Region, 2022 & 2032
Figure 16: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 17: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 18: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 19: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 20: North America Market Share, Organization Size, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, Organization Size - 2022 to 2032
Figure 22: North America Market Attractiveness Index, Organization Size - 2022 to 2032
Figure 23: North America Market Share, By Solution, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Solution - 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Solution - 2022 to 2032
Figure 26: North America Market Share, By Application, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Application - 2022 to 2032
Figure 29: North America Market Share, By Service, 2022 & 2032
Figure 30: North America Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 31: North America Market Attractiveness Index, By Service - 2022 to 2032
Figure 32: North America Market Share, By Country, 2022 & 2032
Figure 33: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 34: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 35: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 36: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 37: Latin America Market Share, Organization Size, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, Organization Size - 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, Organization Size - 2022 to 2032
Figure 40: Latin America Market Share, By Solution, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Solution - 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Solution - 2022 to 2032
Figure 43: Latin America Market Share, By Application, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 45: Latin America Market Attractiveness Index, By Application - 2022 to 2032
Figure 46: Latin America Market Share, By Service, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 48: Latin America Market Attractiveness Index, By Service - 2022 to 2032
Figure 49: Latin America Market Share, By Country, 2022 & 2032
Figure 50: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 51: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 52: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 53: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 54: Europe Market Share, Organization Size, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, Organization Size - 2022 to 2032
Figure 56: Europe Market Attractiveness Index, Organization Size - 2022 to 2032
Figure 57: Europe Market Share, By Solution, 2022 & 2032
Figure 58: Europe Market Y-o-Y Growth Projections, By Solution - 2022 to 2032
Figure 59: Europe Market Attractiveness Index, By Solution - 2022 to 2032
Figure 60: Europe Market Share, By Application, 2022 & 2032
Figure 61: Europe Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 62: Europe Market Attractiveness Index, By Application - 2022 to 2032
Figure 63: Europe Market Share, By Service, 2022 & 2032
Figure 64: Europe Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 65: Europe Market Attractiveness Index, By Service - 2022 to 2032
Figure 66: Europe Market Share, By Country, 2022 & 2032
Figure 67: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 68: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 69: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 70: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 71: MEA Market Share, Organization Size, 2022 & 2032
Figure 72: MEA Market Y-o-Y Growth Projections, Organization Size - 2022 to 2032
Figure 73: MEA Market Attractiveness Index, Organization Size - 2022 to 2032
Figure 74: MEA Market Share, By Solution, 2022 & 2032
Figure 75: MEA Market Y-o-Y Growth Projections, By Solution - 2022 to 2032
Figure 76: MEA Market Attractiveness Index, By Solution - 2022 to 2032
Figure 77: MEA Market Share, By Application, 2022 & 2032
Figure 78: MEA Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 79: MEA Market Attractiveness Index, By Application - 2022 to 2032
Figure 80: MEA Market Share, By Service, 2022 & 2032
Figure 81: MEA Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 82: MEA Market Attractiveness Index, By Service - 2022 to 2032
Figure 83: MEA Market Share, By Country, 2022 & 2032
Figure 84: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 85: MEA Market Attractiveness Index, By Country - 2022 to 2032
Figure 86: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 88: Asia Pacific Market Share, Organization Size, 2022 & 2032
Figure 89: Asia Pacific Market Y-o-Y Growth Projections, Organization Size - 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness Index, Organization Size - 2022 to 2032
Figure 91: Asia Pacific Market Share, By Solution, 2022 & 2032
Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By Solution - 2022 to 2032
Figure 93: Asia Pacific Market Attractiveness Index, By Solution - 2022 to 2032
Figure 94: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By Application - 2022 to 2032
Figure 96: Asia Pacific Market Attractiveness Index, By Application - 2022 to 2032
Figure 97: Asia Pacific Market Share, By Service, 2022 & 2032
Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By Service - 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness Index, By Service - 2022 to 2032
Figure 100: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 102: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
The industry is projected to witness CAGR of 13.3% between 2024 and 2034.
The global IoT in utilities market stood at USD 38,391.6 million in 2023.
The sector is anticipated to reach USD 77,640.3 million by 2034 end.
South Asia and Pacific is set to record the highest CAGR of 16.7% in the assessment period.
Cisco systems, IBM, General Electric, Siemens and Huawei Technologies.
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IoT in Utilities Market
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