IoT In Utilities Market
Market Insights on IoT In Utilities covering sales outlook, demand forecast & up-to-date key trends
IoT in Utilities Market by Component, Solution, Service & Region - Forecast 2022 - 2032
IoT In Utilities Market Outlook (2022-2032)
[300 Pages Report] The global IoT in the utilities market garnered US$ 36.8 Billion in 2021 and is likely to exhibit a Y-o-Y increase of 11.9% to be valued at US$ 41.8 Billion in 2022. Owing to the soaring adoption of IoT techniques and increasing internet penetration in several countries, the market is likely to propel to US$ 129.1 Billion by 2032.
“Rising application in smart manufacturing, smart transportation, smart energy, connected healthcare, and smart buildings is likely to push the growth of the IoT solution and services market in the forecast period.”
|
Attributes |
Details |
|
Global IoT in Utilities Market CAGR (2022-2032) |
11.9% |
|
Global IoT in Utilities Market (2032) |
US$ 129.1 Billion |
|
Global IoT in Utilities Market Attraction |
The increasing application of industry-specific data in the development of healthcare devices and smart farming equipment is expected to drive the market in the forecast period. |
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What are the factors propelling the Global IoT in Utilities Market?
Consistent Advancement & Soaring Implementation of AI & Machine Learning in Manufacturing Units to Rev Up Sales of IoT devices
The Internet of Things has presented a long array of benefits to the utility industry. Smart technologies help in utility management, propose remote control options, amplified safety, reduce costs, as well as help, resolve the problem of resource depletion faced by all regions across the globe.
Connecting devices, managing tasks, analysing prospects, and securely sending information have all become simpler, thanks to IoT solutions. They offer a benign working environment and support for business expansion. These advantages are poised to further amplify the IoT solutions and services market growth.
Key players are catering to the demand for a better healthcare experience and stimulating the revenue generation of the IoT Solutions and Services market. Modern healthcare devices can use IoT solutions to track patients and their conditions in real-time.
The quality of medical care is radically enhanced by precise monitoring of heart rate, blood pressure, and body temperature. Similarly, companies and individuals are more likely to implement IoT in water, gas, and electricity distribution.
Primarily, the cost of sensors used in IoT devices was quite high, resulting in the constrained implementation of the technology among industries. Nevertheless, the rapid reduction in the prices of these sensors has directed a significant increase in the adoption rate of IoT across organizations.
What are the Factors Hampering the Global IoT in Utilities Market?
Several industries are investing in smart technologies to replace legacy systems with automated asset management solutions. However, owing to the high-power consumption of systems, the demand for IoT in utilities is suffering consistently. Although these asset management systems require multiple devices, software, and services from plentiful vendors, this, in turn, restrains the market expansion.
Apart from this, IoT solutions can be expensive or infeasible to execute because of the gigantic area the asset needs to travel. The foremost challenge is linking remote sensors wirelessly to the internet across a range of sites, both indoors and outdoors even across diverse economies. This aspect is likely to hamper the market growth of the IoT in Utilities during the forecast period.
Besides, the swelling demands and shortage of labor across the world, agriculture robots or commonly known as Agribots are starting to gain attention among farmers. Recent developments in sensors and AI technology have made these robots more notable.
Although the technology is still in the early stages and yet to harness the full potential of IoT in agriculture, the manufacturers are making hefty investments since they are witnessing positive responses all over the world.
What are the Prevailing Opportunities in the Global IoT in Utilities Market?
As per the analysis, the solution and services sectors are estimated to capture profitable opportunities for the global IoT in utilities market. IoT can offer real-time data which can perform a remarkable role in future developments and outlining in numerous end-use industries.
Various key players are making significant developments in electricity grid management. Smart meters are also simplifying the growth of the local, micro-production of energy such as solar panels and wind turbines. This produces potentially new revenue streams, as well as further efficiencies in production and distribution.
To reduce carbon emissions by 50-52% by 2030 and accomplish the goal of 100% clean energy by 2032, the current US administration allocated approximately US$500 billion to fund the development of new infrastructure over the next five years.
Similarly, China plays a significant role in shaping the IoT, which is growing with the technological footprint of Chinese firms. Recently, Chinese authorities asserted that China’s state-owned telecom operators are likely to invest more than US$ 200 Billion over 2020-2025 in network infrastructure.
Companies are constantly implementing the latest technologies such as the Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI), and Robot Processing Automation (RPA) to achieve advanced analytical capabilities. Therefore, with the increasing shift towards automation and increased water management expenditure, the market is likely to open a door of opportunities in the upcoming years.
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IoT in Utilities Market:
|
Attributes |
IoT in Utilities Market |
|
CAGR (2022-2032) |
11.9% |
|
The Market Value (2032) |
US$ 129.1 Billion |
|
Growth Factor |
The soaring adoption of smart meters and increasing penetration of the internet are expected to drive the market in the forecast period. |
|
Opportunity |
IoT technology supports the utility industry to shift to a decentralized process from a centralized one, remotely monitoring the energy consumption of the connected units, and managing temporary shortages in energy. |
IoT in Smart Farming Market:
|
Attributes |
IoT in Smart Farming Market |
|
CAGR (2022-2032) |
9.8% |
|
The Market Value (2032) |
US$ 70 Billion |
|
Growth Factor |
IoT smart agriculture products assist to monitor the field conditions from anywhere without any hassle by using sensors and automating irrigation systems. |
|
Opportunity |
Integration of AI and the introduction of drones are expected to give significant opportunities to the market in the assessment period. |
IoT in Logistics Market:
|
Attributes |
IoT in Logistics Market |
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CAGR (2022-2032) |
13.2% |
|
The Market Value (2032) |
US$ 53.6 Billion |
|
Growth Factor |
Increasing demand for supply chain management systems to make the transportation process more efficient and cost-effective is expected to drive the market. |
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Opportunity |
The development of cost-efficient supply chain software and increasing investment in the logistics industry are likely to open a pool of growth opportunities in the forthcoming future. s. |
What is the Segmentation Analysis of the Global IoT in Utilities Market?
Based on the solution segment, the global IoT in utilities market can be segmented into Asset Management & Monitoring, Safety and Security, Supervisory Control and Data Acquisition, Workforce Management, Network Management, Customer Information systems, and Billing System
Based on application, the global IoT in utilities market can be segmented into IoT Water and Wastewater Management, Utility Gas Management, and Electricity Grid Management.
As per the analysis, by solution, the asset management & Monitoring segment is prospective to lead the foresaid market over the forecast period. The asset management and monitoring segment are likely to grow at a CAGR of 11.4% in the upcoming years. Business expansion requires informed decision-making regarding the cost and efficiency of assets.
With IoT-enabled asset management, the congregation can have a better understanding of the asset production, to see if it is in line with the expectations or not. In case of any breakdown, the judge can be made to improve proficiency, and predictive maintenance can be offered for asset optimization.
According to the observations, the platform segment, by component, is projected to dominate the market during the projection period. The segment is likely to cultivate at an 11.4% CAGR in the assessment period.
The growth of the IoT platform applications and services segment is driven by driving briskly increasing number of IoT connections resulting in augmented data traffic, growing internet ubiquity and development of wireless technologies, mounting need to increase operational efficiency in several industries, and government schemes in R&D activities associated with IoT.
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What is the Regional Analysis of the Global IoT in Utilities Market?
North America to Provide Substantial Expansion Opportunities
North America captures the largest share of the IoT utility market, with the U.S topping the chart. The aforesaid market is likely to garner US$ 44.6 Billion, documenting a CAGR of 11.6% throughout the forecast period. The region has maintained its dominance in smart grid technology adoption and a big chunk of the key utilities in the province are either fully deployed or in the execution or development stages of full-scale rollouts.
In the next five to ten years, constant growth in North America is probable to be principally driven by large investor-owned utilities across the US markets, which are yet to roll out smart meters for their customers.
IBM Corporation is developing its own IBM Watson IoT Platform which emphasizes being simple, secure, and scalable. The Watson IoT Platform is a service that adds blockchain and analytic services to organize device data into useful applications. For a few dollars a month, this IoT platform can allow designers to benefit from IoT services on both small and large scales and do it securely with IBM’s Cloud security features.
Besides, In February 2020, the U.S. Department of Energy’s (DOE) Office of Electricity (OE) announced US$6.7 million in funding for four university-led research projects to design and develop approaches to integrate the Internet of Things (IoT) technologies. Precisely, these projects intend to provide the energy infrastructure community with robust, scalable methods to interface with advanced IoT technologies.
What Growth Prospects are in store for the APAC market?
APAC is one of the fastest-growing regions in terms of digital transformation and internet penetration and has observed significant growth in financial technology and e-commerce, resulting in a mounting demand for Internet and broadband services. APAC region is estimated to capture 20% of the market share by the 2032 end.
China’s smart cities IoT market will grow by 13% annually with an overall addressable market cap of US$ 9 Billion over 2022-2032 due to initial technological advancements and a swelling number of government proposals for smart cities. Investments and partnerships are being strategized for the quality of growth, tackling environmental concerns, and reducing overcapacity.
For instance, In October 2018, GSMA announced a partnership with fourteen mobile operators across the Asia Pacific region, including Celcom, Dialog, DTAC, M1, Maxis, Ncell, Optus, Robi, Smart, Smartfren, Singtel, True, XL and Xpand.
The primary objective of this partnership program is to create a platform for media mindfulness of IoT innovation and leadership by operators; providing a local window to the global program as an on-ramp to further engagement.
Additionally, Japan has been acclaimed as another strong player in the region. As per the recent analysis, the country is likely to reach US$ 7.4 Billion, registering an 11% CAGR during the conjecture period.
The development of the regional market can be attributed to the increasing cyber threats and phishing incidents that require quick action. On the other hand, South Korea is anticipated to exceed the US$ 4.8 Billion mark while recording a CAGR of 10.7% from 2022 to 2032.
|
Country |
Estimated CAGR |
|
U.S |
11.6% |
|
Australia |
10.4% |
|
China |
11.2% |
|
Japan |
11% |
|
Brazil |
10.9% |
Who are the Key Players of the Global IoT in Utilities Market?
Eminent players in the global IoT in utilities market include IBM, Oracle, Verizon, Cisco, and Vodafone, among others.
Recent key developments among players include:
- In January 2022, Cisco announced a new ruggedized catalyst switch for industrial edge uses at utilities, railways, oil and gas facilities, and for deployment in highway traffic flow and safety operations. The new rack-mountable Catalyst Industrial Ethernet 9300 switch builds on Cisco’s Catalyst 9000 series switches are now used in multiple applications including smart buildings and other industries.
- In July 2019, HCL Technologies (HCL), a leading global technology company, expanded its strategic transformation partnership with AMS OSRAM to digitize one of the optical solutions leader’s key business processes and drive enterprise resource planning and customer relationship management systems standardization across the organization. HCL will also continue to lead IT infrastructure operations integration for the client.
Key Segments Covered in the IoT in Utilities Industry Survey
IoT in Utilities by Component:
- IoT in Utilities Platform
- IoT in Utilities Solutions
- Asset Management & Monitoring
- Safety and Security
- Supervisory Control and Data Acquisition
- Workforce Management
- Network Management
- Customer Information System and Billing System
- IoT in Utilities Services
- Consulting
- Integration and Deployment
- Support and Maintenance
IoT in Utilities by Solution:
- IoT in Utilities for Asset Monitoring and Management
- IoT in Utilities for Safety and Security
- IoT in Utilities for Supervisory Control and Data Acquisition
- IoT in Utilities for Workforce Management
- IoT in Utilities for Network Management
- IoT in Utilities for Customer Information System and Billing System
IoT in Utilities by Service:
- IoT in Utilities Consulting
- IoT in Utilities Integration and Deployment
- IoT in Utilities Support and Maintenance
IoT in Utilities by Application:
- IoT in Utilities in Water and Wastewater Management
- IoT in Utilities in Utility Gas Management
- IoT in Utilities in Electricity Grid Management
IoT in Utilities by Region:
- North America IoT in Utilities Market
- Europe IoT in Utilities Market
- Asia-Pacific IoT in Utilities Market
- The Middle East & Africa IoT in Utilities Market
- Latin America IoT in Utilities Market
Frequently Asked Questions
What is the estimated market value of the global IoT in utilities market in 2021?
The global IoT in utilities market is likely to value at US$ 36.8 Billion in 2021.
What is the projected CAGR of the global IoT in utilities market until 2032?
The global IoT in utilities market is estimated to grow at a CAGR of 11.9% from 2022 to 2032.
What is the expected market value of the global IoT in utilities market by 2032?
The global IoT in utilities market is predicted to procure USD 41.8 Billion from 2022 to 2032.
What is the contribution of the solutions segment that is driving the global IoT in utilities market?
The asset monitoring & management segment is projected to expand at an 11.4% CAGR during the forecast period.
Will the Platform segment propel the global IoT in utilities market?
The platform segment is likely to exhibit an 11.4% CAGR from 2022-to 2032.
What is the estimated market value of the U.S market?
The U.S market is expected to garner US$ 44.6 Billion while expanding at an 11.6% CAGR from 2022 to 2032
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. FMI Analysis and Recommendations 2. Market Overview 2.1. Market Coverage 2.2. Market Definition 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on IoT in Utilities Market 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Mn) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background 4.1. IoT in Utilities Market, by Key Countries 4.2. IoT in Utilities Market Opportunity Assessment (US$ Mn) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Growth in Automation, By Country 4.5.3. IoT in Utilities Market Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. IoT in Utilities Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global IoT in Utilities Market Demand Analysis 2015-2021 and Forecast, 2022-2032 6.1. Historical Market Analysis, 2015-2021 6.2. Current and Future Market Projections, 2022-2032 6.3. Y-o-Y Growth Trend Analysis 7. Global IoT in Utilities Market Value Analysis 2015-2021 and Forecast, 2022-2032 7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021 7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032, By Component 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) Analysis By Component, 2015-2021 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2022-2032 8.3.1. Platform 8.3.2. Solutions 8.3.3. Services 8.4. Market Attractiveness Analysis By Component 9. Global IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032, By Solution 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) Analysis By Solution, 2015-2021 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Solution, 2022-2032 9.3.1. Asset Monitoring and Management 9.3.2. Safety and Security 9.3.3. Supervisory Control and Data Acquisition 9.3.4. Workforce Management 9.3.5. Network Management 9.3.6. Customer Information System and Billing System 9.4. Market Attractiveness Analysis By Solution 10. Global IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032, By Service 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By Service, 2015-2021 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Service, 2022-2032 10.3.1. Consulting 10.3.2. Integration and Deployment 10.3.3. Support and Maintenance 10.4. Market Attractiveness Analysis By Service 11. Global IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032, By Application 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032 11.3.1. Water and Wastewater Management 11.3.2. Utility Gas Management 11.3.3. Electricity Grid Management 11.4. Market Attractiveness Analysis By Application 12. Global IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032, By Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021 12.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. Asia Pacific 12.3.5. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 13.4.1. By Country 13.4.1.1. U.S. 13.4.1.2. Canada 13.4.1.3. Rest of North America 13.4.2. By Component 13.4.3. By Solution 13.4.4. By Application 13.4.5. By Service 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Component 13.5.3. By Solution 13.5.4. By Application 13.5.5. By Service 14. Latin America IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Component 14.4.3. By Solution 14.4.4. By Application 14.4.5. By Service 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Component 14.5.3. By Solution 14.5.4. By Application 14.5.5. By Service 15. Europe IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. France 15.4.1.3. U.K. 15.4.1.4. Italy 15.4.1.5. Benelux 15.4.1.6. Nordic Countries 15.4.1.7. Rest of Europe 15.4.2. By Component 15.4.3. By Solution 15.4.4. By Application 15.4.5. By Service 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Component 15.5.3. By Solution 15.5.4. By Application 15.5.5. By Service 16. Asia Pacific IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.1.4. Rest of Asia Pacific 16.4.2. By Component 16.4.3. By Solution 16.4.4. By Application 16.4.5. By Service 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Component 16.5.3. By Solution 16.5.4. By Application 16.5.5. By Service 17. Middle East and Africa IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021 17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032 17.4.1. By Country 17.4.1.1. GCC Countries 17.4.1.2. South Africa 17.4.1.3. Turkey 17.4.1.4. Rest of Middle East and Africa 17.4.2. By Component 17.4.3. By Solution 17.4.4. By Application 17.4.5. By Service 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Component 17.5.3. By Solution 17.5.4. By Application 17.5.5. By Service 18. Key Countries IoT in Utilities Market Analysis 2015-2021 and Forecast 2022-2032 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. US IoT in Utilities Market Analysis 18.2.1. Value Proportion Analysis by Market Taxonomy 18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.2.2.1. By Component 18.2.2.2. By Solution 18.2.2.3. By Application 18.2.2.4. By Service 18.3. Canada IoT in Utilities Market Analysis 18.3.1. Value Proportion Analysis by Market Taxonomy 18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.3.2.1. By Component 18.3.2.2. By Solution 18.3.2.3. By Application 18.3.2.4. By Service 18.4. Mexico IoT in Utilities Market Analysis 18.4.1. Value Proportion Analysis by Market Taxonomy 18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.4.2.1. By Component 18.4.2.2. By Solution 18.4.2.3. By Application 18.4.2.4. By Service 18.5. Brazil IoT in Utilities Market Analysis 18.5.1. Value Proportion Analysis by Market Taxonomy 18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.5.2.1. By Component 18.5.2.2. By Solution 18.5.2.3. By Application 18.5.2.4. By Service 18.6. Germany IoT in Utilities Market Analysis 18.6.1. Value Proportion Analysis by Market Taxonomy 18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.6.2.1. By Component 18.6.2.2. By Solution 18.6.2.3. By Application 18.6.2.4. By Service 18.7. France IoT in Utilities Market Analysis 18.7.1. Value Proportion Analysis by Market Taxonomy 18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.7.2.1. By Component 18.7.2.2. By Solution 18.7.2.3. By Application 18.7.2.4. By Service 18.8. Italy IoT in Utilities Market Analysis 18.8.1. Value Proportion Analysis by Market Taxonomy 18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.8.2.1. By Component 18.8.2.2. By Solution 18.8.2.3. By Application 18.8.2.4. By Service 18.9. BENELUX IoT in Utilities Market Analysis 18.9.1. Value Proportion Analysis by Market Taxonomy 18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.9.2.1. By Component 18.9.2.2. By Solution 18.9.2.3. By Application 18.9.2.4. By Service 18.10. UK IoT in Utilities Market Analysis 18.10.1. Value Proportion Analysis by Market Taxonomy 18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.10.2.1. By Component 18.10.2.2. By Solution 18.10.2.3. By Application 18.10.2.4. By Service 18.11. Nordic Countries IoT in Utilities Market Analysis 18.11.1. Value Proportion Analysis by Market Taxonomy 18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.11.2.1. By Component 18.11.2.2. By Solution 18.11.2.3. By Application 18.11.2.4. By Service 18.12. China IoT in Utilities Market Analysis 18.12.1. Value Proportion Analysis by Market Taxonomy 18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.12.2.1. By Component 18.12.2.2. By Solution 18.12.2.3. By Application 18.12.2.4. By Service 18.13. Japan IoT in Utilities Market Analysis 18.13.1. Value Proportion Analysis by Market Taxonomy 18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.13.2.1. By Component 18.13.2.2. By Solution 18.13.2.3. By Application 18.13.2.4. By Service 18.14. South Korea IoT in Utilities Market Analysis 18.14.1. Value Proportion Analysis by Market Taxonomy 18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.14.2.1. By Component 18.14.2.2. By Solution 18.14.2.3. By Application 18.14.2.4. By Service 18.15. GCC Countries IoT in Utilities Market Analysis 18.15.1. Value Proportion Analysis by Market Taxonomy 18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.15.2.1. By Component 18.15.2.2. By Solution 18.15.2.3. By Application 18.15.2.4. By Service 18.16. South Africa IoT in Utilities Market Analysis 18.16.1. Value Proportion Analysis by Market Taxonomy 18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.16.2.1. By Component 18.16.2.2. By Solution 18.16.2.3. By Application 18.16.2.4. By Service 18.17. Turkey IoT in Utilities Market Analysis 18.17.1. Value Proportion Analysis by Market Taxonomy 18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015-2032 18.17.2.1. By Component 18.17.2.2. By Solution 18.17.2.3. By Application 18.17.2.4. By Service 18.17.3. Competition Landscape and Player Concentration in the Country 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Market Presence Analysis 19.4.1. By Regional footprint of Players 19.4.2. Product footprint by Players 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. IBM 20.3.1.1. Overview 20.3.1.2. Product Portfolio 20.3.1.3. Sales Footprint 20.3.1.4. Strategy Overview 20.3.2. Oracle 20.3.2.1. Overview 20.3.2.2. Product Portfolio 20.3.2.3. Sales Footprint 20.3.2.4. Strategy Overview 20.3.3. Verizon 20.3.3.1. Overview 20.3.3.2. Product Portfolio 20.3.3.3. Sales Footprint 20.3.3.4. Strategy Overview 20.3.4. Cisco 20.3.4.1. Overview 20.3.4.2. Product Portfolio 20.3.4.3. Sales Footprint 20.3.4.4. Strategy Overview 20.3.5. Vodafone 20.3.5.1. Overview 20.3.5.2. Product Portfolio 20.3.5.3. Sales Footprint 20.3.5.4. Strategy Overview 20.3.6. Telit 20.3.6.1. Overview 20.3.6.2. Product Portfolio 20.3.6.3. Sales Footprint 20.3.6.4. Strategy Overview 20.3.7. Landis+Gyr 20.3.7.1. Overview 20.3.7.2. Product Portfolio 20.3.7.3. Sales Footprint 20.3.7.4. Strategy Overview 20.3.8. Itron 20.3.8.1. Overview 20.3.8.2. Product Portfolio 20.3.8.3. Sales Footprint 20.3.8.4. Strategy Overview 20.3.9. Schneider Electric 20.3.9.1. Overview 20.3.9.2. Product Portfolio 20.3.9.3. Sales Footprint 20.3.9.4. Strategy Overview 20.3.10. Huawei 20.3.10.1. Overview 20.3.10.2. Product Portfolio 20.3.10.3. Sales Footprint 20.3.10.4. Strategy Overview 20.3.11. Trimble 20.3.11.1. Overview 20.3.11.2. Product Portfolio 20.3.11.3. Sales Footprint 20.3.11.4. Strategy Overview 20.3.12. ABB 20.3.12.1. Overview 20.3.12.2. Product Portfolio 20.3.12.3. Sales Footprint 20.3.12.4. Strategy Overview 20.3.13. Honeywell 20.3.13.1. Overview 20.3.13.2. Product Portfolio 20.3.13.3. Sales Footprint 20.3.13.4. Strategy Overview 20.3.14. Siemens 20.3.14.1. Overview 20.3.14.2. Product Portfolio 20.3.14.3. Sales Footprint 20.3.14.4. Strategy Overview 20.3.15. General Electric 20.3.15.1. Overview 20.3.15.2. Product Portfolio 20.3.15.3. Sales Footprint 20.3.15.4. Strategy Overview 20.3.16. Aclara 20.3.16.1. Overview 20.3.16.2. Product Portfolio 20.3.16.3. Sales Footprint 20.3.16.4. Strategy Overview 20.3.17. Trilliant 20.3.17.1. Overview 20.3.17.2. Product Portfolio 20.3.17.3. Sales Footprint 20.3.17.4. Strategy Overview 20.3.18. Energyworx 20.3.18.1. Overview 20.3.18.2. Product Portfolio 20.3.18.3. Sales Footprint 20.3.18.4. Strategy Overview 20.3.19. HCL 20.3.19.1. Overview 20.3.19.2. Product Portfolio 20.3.19.3. Sales Footprint 20.3.19.4. Strategy Overview 20.3.20. Altair 20.3.20.1. Overview 20.3.20.2. Product Portfolio 20.3.20.3. Sales Footprint 20.3.20.4. Strategy Overview 20.3.21. Actility 20.3.21.1. Overview 20.3.21.2. Product Portfolio 20.3.21.3. Sales Footprint 20.3.21.4. Strategy Overview 20.3.22. Waviot 20.3.22.1. Overview 20.3.22.2. Product Portfolio 20.3.22.3. Sales Footprint 20.3.22.4. Strategy Overview 20.3.23. Rayven 20.3.23.1. Overview 20.3.23.2. Product Portfolio 20.3.23.3. Sales Footprint 20.3.23.4. Strategy Overview 20.3.24. Saviant Consulting 20.3.24.1. Overview 20.3.24.2. Product Portfolio 20.3.24.3. Sales Footprint 20.3.24.4. Strategy Overview 20.3.25. Right-To-Win 20.3.25.1. Overview 20.3.25.2. Product Portfolio 20.3.25.3. Sales Footprint 20.3.25.4. Strategy Overview 21. Assumptions and Acronyms Used 22. Research Methodology
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List of Tables
Table 01: Global IoT in Utilities Market Value (US$ Mn),By Component, 2015 – 2021 Table 02: Global IoT in Utilities Market Value (US$ Mn),By Component, 2022 – 2032 Table 03: Global IoT in Utilities Market Value (US$ Mn), By Solution, 2015 – 2021 Table 04: Global IoT in Utilities Market Value (US$ Mn), By Solution, 2022 – 2032 Table 05: Global IoT in Utilities Market Value (US$ Mn), By Service, 2015 – 2021 Table 06: Global IoT in Utilities Market Value (US$ Mn), By Service, 2022 – 2032 Table 07: Global IoT in Utilities Market Value (US$ Mn), By Application, 2015 – 2021 Table 08: Global IoT in Utilities Market Value (US$ Mn), By Application, 2022 – 2032 Table 09: Global IoT in Utilities Market, By Region, 2015 – 2021 Table 10: Global IoT in Utilities Market, By Region, 2022 – 2032 Table 11: North America IoT in Utilities Market Value (US$ Mn),By Component, 2015 – 2021 Table 12: North America IoT in Utilities Market Value (US$ Mn),By Component, 2022 – 2032 Table 13: North America IoT in Utilities Market Value (US$ Mn), By Solution, 2015 – 2021 Table 14: North America IoT in Utilities Market Value (US$ Mn), By Solution, 2022 – 2032 Table 15: North America IoT in Utilities Market Value (US$ Mn), By Service, 2015 – 2021 Table 16: North America IoT in Utilities Market Value (US$ Mn), By Service, 2022 – 2032 Table 17: North America IoT in Utilities Market Value (US$ Mn), By Application, 2015 – 2021 Table 18: North America IoT in Utilities Market Value (US$ Mn), By Application, 2022 – 2032 Table 19: North America IoT in Utilities Market, By Country, 2015 – 2021 Table 20: North America IoT in Utilities Market, By Country, 2022 – 2032 Table 21: Latin America IoT in Utilities Market Value (US$ Mn),By Component, 2015 – 2021 Table 22: Latin America IoT in Utilities Market Value (US$ Mn),By Component, 2022 – 2032 Table 23: Latin America IoT in Utilities Market Value (US$ Mn), By Solution, 2015 – 2021 Table 24: Latin America IoT in Utilities Market Value (US$ Mn), By Solution, 2022 – 2032 Table 25: Latin America IoT in Utilities Market Value (US$ Mn), By Service, 2015 – 2021 Table 26: Latin America IoT in Utilities Market Value (US$ Mn), By Service, 2022 – 2032 Table 27: Latin America IoT in Utilities Market Value (US$ Mn), By Application, 2015 – 2021 Table 28: Latin America IoT in Utilities Market Value (US$ Mn), By Application, 2022 – 2032 Table 29: Latin America IoT in Utilities Market, By Country, 2015 – 2021 Table 30: Latin America IoT in Utilities Market, By Country, 2022 – 2032 Table 31: Europe IoT in Utilities Market Value (US$ Mn),By Component, 2015 – 2021 Table 32: Europe IoT in Utilities Market Value (US$ Mn),By Component, 2022 – 2032 Table 33: Europe IoT in Utilities Market Value (US$ Mn), By Solution, 2015 – 2021 Table 34: Europe IoT in Utilities Market Value (US$ Mn), By Solution, 2022 – 2032 Table 35: Europe IoT in Utilities Market Value (US$ Mn), By Service, 2015 – 2021 Table 36: Europe IoT in Utilities Market Value (US$ Mn), By Service, 2022 – 2032 Table 37: Europe IoT in Utilities Market Value (US$ Mn), By Application, 2015 – 2021 Table 38: Europe IoT in Utilities Market Value (US$ Mn), By Application, 2022 – 2032 Table 39: Europe IoT in Utilities Market, By Country, 2015 – 2021 Table 40: Europe IoT in Utilities Market, By Country, 2022 – 2032 Table 41: Asia Pacific IoT in Utilities Market Value (US$ Mn),By Component, 2015 – 2021 Table 42: Asia Pacific IoT in Utilities Market Value (US$ Mn),By Component, 2022 – 2032 Table 43: Asia Pacific IoT in Utilities Market Value (US$ Mn), By Solution, 2015 – 2021 Table 44: Asia Pacific IoT in Utilities Market Value (US$ Mn), By Solution, 2022 – 2032 Table 45: Asia Pacific IoT in Utilities Market Value (US$ Mn), By Service, 2015 – 2021 Table 46: Asia Pacific IoT in Utilities Market Value (US$ Mn), By Service, 2022 – 2032 Table 47: Asia Pacific IoT in Utilities Market Value (US$ Mn), By Application, 2015 – 2021 Table 48: Asia Pacific IoT in Utilities Market Value (US$ Mn), By Application, 2022 – 2032 Table 49: Asia Pacific IoT in Utilities Market, By Country, 2015 – 2021 Table 50: Asia Pacific IoT in Utilities Market, By Country, 2022 – 2032 Table 51: MEA IoT in Utilities Market Value (US$ Mn),By Component, 2015 – 2021 Table 52: MEA IoT in Utilities Market Value (US$ Mn),By Component, 2022 – 2032 Table 53: MEA IoT in Utilities Market Value (US$ Mn), By Solution, 2015 – 2021 Table 54: MEA IoT in Utilities Market Value (US$ Mn), By Solution, 2022 – 2032 Table 55: MEA IoT in Utilities Market Value (US$ Mn), By Service, 2015 – 2021 Table 56: MEA IoT in Utilities Market Value (US$ Mn), By Service, 2022 – 2032 Table 57: MEA IoT in Utilities Market Value (US$ Mn), By Application, 2015 – 2021 Table 58: MEA IoT in Utilities Market Value (US$ Mn), By Application, 2022 – 2032 Table 59: MEA IoT in Utilities Market, By Country, 2015 – 2021 Table 60: MEA IoT in Utilities Market, By Country, 2022 – 2032
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Figure 01: Global IoT in Utilities Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 02: Global IoT in Utilities Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn Figure 03: Global IoT in Utilities Market Share, By Component, 2022 & 2032 Figure 04: Global IoT in Utilities Market Y-o-Y Growth Projections, Organization Size – 2022-2032 Figure 05: Global IoT in Utilities Market Attractiveness Index, Organization Size – 2022-2032 Figure 06: Global IoT in Utilities Market Share, By Solution, 2022 & 2032 Figure 07: Global IoT in Utilities Market Y-o-Y Growth Projections, By Solution – 2022-2032 Figure 08: Global IoT in Utilities Market Attractiveness Index, By Solution – 2022-2032 Figure 09: Global IoT in Utilities Market Share, By Application, 2022 & 2032 Figure 10: Global IoT in Utilities Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 11: Global IoT in Utilities Market Attractiveness Index, By Application – 2022-2032 Figure 12: Global IoT in Utilities Market Share, By Service, 2022 & 2032 Figure 13: Global IoT in Utilities Market Y-o-Y Growth Projections, By Service – 2022-2032 Figure 14: Global IoT in Utilities Market Attractiveness Index, By Service – 2022-2032 Figure 15: Global IoT in Utilities Market Share, By Region, 2022 & 2032 Figure 16: Global IoT in Utilities Market Y-o-Y Growth Projections, By Region – 2022-2032 Figure 17: Global IoT in Utilities Market Attractiveness Index, By Region – 2022-2032 Figure 18: North America IoT in Utilities Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 19: North America IoT in Utilities Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 20: North America IoT in Utilities Market Share, Organization Size, 2022 & 2032 Figure 21: North America IoT in Utilities Market Y-o-Y Growth Projections, Organization Size – 2022-2032 Figure 22: North America IoT in Utilities Market Attractiveness Index, Organization Size – 2022-2032 Figure 23: North America IoT in Utilities Market Share, By Solution, 2022 & 2032 Figure 24: North America IoT in Utilities Market Y-o-Y Growth Projections, By Solution – 2022-2032 Figure 25: North America IoT in Utilities Market Attractiveness Index, By Solution – 2022-2032 Figure 26: North America IoT in Utilities Market Share, By Application, 2022 & 2032 Figure 27: North America IoT in Utilities Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 28: North America IoT in Utilities Market Attractiveness Index, By Application – 2022-2032 Figure 29: North America IoT in Utilities Market Share, By Service, 2022 & 2032 Figure 30: North America IoT in Utilities Market Y-o-Y Growth Projections, By Service – 2022-2032 Figure 31: North America IoT in Utilities Market Attractiveness Index, By Service – 2022-2032 Figure 32: North America IoT in Utilities Market Share, By Country, 2022 & 2032 Figure 33: North America Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 34: North America Market Attractiveness Index, By Country – 2022-2032 Figure 35: Latin America IoT in Utilities Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 36: Latin America IoT in Utilities Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 37: Latin America IoT in Utilities Market Share, Organization Size, 2022 & 2032 Figure 38: Latin America IoT in Utilities Market Y-o-Y Growth Projections, Organization Size – 2022-2032 Figure 39: Latin America IoT in Utilities Market Attractiveness Index, Organization Size – 2022-2032 Figure 40: Latin America IoT in Utilities Market Share, By Solution, 2022 & 2032 Figure 41: Latin America IoT in Utilities Market Y-o-Y Growth Projections, By Solution – 2022-2032 Figure 42: Latin America IoT in Utilities Market Attractiveness Index, By Solution – 2022-2032 Figure 43: Latin America IoT in Utilities Market Share, By Application, 2022 & 2032 Figure 44: Latin America IoT in Utilities Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 45: Latin America IoT in Utilities Market Attractiveness Index, By Application – 2022-2032 Figure 46: Latin America IoT in Utilities Market Share, By Service, 2022 & 2032 Figure 47: Latin America IoT in Utilities Market Y-o-Y Growth Projections, By Service – 2022-2032 Figure 48: Latin America IoT in Utilities Market Attractiveness Index, By Service – 2022-2032 Figure 49: Latin America IoT in Utilities Market Share, By Country, 2022 & 2032 Figure 50: Latin America IoT in Utilities Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 51: Latin America IoT in Utilities Market Attractiveness Index, By Country – 2022-2032 Figure 52: Europe IoT in Utilities Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 53: Europe IoT in Utilities Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 54: Europe IoT in Utilities Market Share, Organization Size, 2022 & 2032 Figure 55: Europe IoT in Utilities Market Y-o-Y Growth Projections, Organization Size – 2022-2032 Figure 56: Europe IoT in Utilities Market Attractiveness Index, Organization Size – 2022-2032 Figure 57: Europe IoT in Utilities Market Share, By Solution, 2022 & 2032 Figure 58: Europe IoT in Utilities Market Y-o-Y Growth Projections, By Solution – 2022-2032 Figure 59: Europe IoT in Utilities Market Attractiveness Index, By Solution – 2022-2032 Figure 60: Europe IoT in Utilities Market Share, By Application, 2022 & 2032 Figure 61: Europe IoT in Utilities Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 62: Europe IoT in Utilities Market Attractiveness Index, By Application – 2022-2032 Figure 63: Europe IoT in Utilities Market Share, By Service, 2022 & 2032 Figure 64: Europe IoT in Utilities Market Y-o-Y Growth Projections, By Service – 2022-2032 Figure 65: Europe IoT in Utilities Market Attractiveness Index, By Service – 2022-2032 Figure 66: Europe IoT in Utilities Market Share, By Country, 2022 & 2032 Figure 67: Europe IoT in Utilities Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 68: Europe IoT in Utilities Market Attractiveness Index, By Country – 2022-2032 Figure 69: MEA IoT in Utilities Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 70: MEA IoT in Utilities Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 71: MEA IoT in Utilities Market Share, Organization Size, 2022 & 2032 Figure 72: MEA IoT in Utilities Market Y-o-Y Growth Projections, Organization Size – 2022-2032 Figure 73: MEA IoT in Utilities Market Attractiveness Index, Organization Size – 2022-2032 Figure 74: MEA IoT in Utilities Market Share, By Solution, 2022 & 2032 Figure 75: MEA IoT in Utilities Market Y-o-Y Growth Projections, By Solution – 2022-2032 Figure 76: MEA IoT in Utilities Market Attractiveness Index, By Solution – 2022-2032 Figure 77: MEA IoT in Utilities Market Share, By Application, 2022 & 2032 Figure 78: MEA IoT in Utilities Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 79: MEA IoT in Utilities Market Attractiveness Index, By Application – 2022-2032 Figure 80: MEA IoT in Utilities Market Share, By Service, 2022 & 2032 Figure 81: MEA IoT in Utilities Market Y-o-Y Growth Projections, By Service – 2022-2032 Figure 82: MEA IoT in Utilities Market Attractiveness Index, By Service – 2022-2032 Figure 83: MEA IoT in Utilities Market Share, By Country, 2022 & 2032 Figure 84: MEA IoT in Utilities Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 85: MEA IoT in Utilities Market Attractiveness Index, By Country – 2022-2032 Figure 86: Asia Pacific IoT in Utilities Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032 Figure 87: Asia Pacific IoT in Utilities Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn Figure 88: Asia Pacific IoT in Utilities Market Share, Organization Size, 2022 & 2032 Figure 89: Asia Pacific IoT in Utilities Market Y-o-Y Growth Projections, Organization Size – 2022-2032 Figure 90: Asia Pacific IoT in Utilities Market Attractiveness Index, Organization Size – 2022-2032 Figure 91: Asia Pacific IoT in Utilities Market Share, By Solution, 2022 & 2032 Figure 92: Asia Pacific IoT in Utilities Market Y-o-Y Growth Projections, By Solution – 2022-2032 Figure 93: Asia Pacific IoT in Utilities Market Attractiveness Index, By Solution – 2022-2032 Figure 94: Asia Pacific IoT in Utilities Market Share, By Application, 2022 & 2032 Figure 95: Asia Pacific IoT in Utilities Market Y-o-Y Growth Projections, By Application – 2022-2032 Figure 96: Asia Pacific IoT in Utilities Market Attractiveness Index, By Application – 2022-2032 Figure 97: Asia Pacific IoT in Utilities Market Share, By Service, 2022 & 2032 Figure 98: Asia Pacific IoT in Utilities Market Y-o-Y Growth Projections, By Service – 2022-2032 Figure 99: Asia Pacific IoT in Utilities Market Attractiveness Index, By Service – 2022-2032 Figure 100: Asia Pacific IoT in Utilities Market Share, By Country, 2022 & 2032 Figure 101: Asia Pacific IoT in Utilities Market Y-o-Y Growth Projections, By Country – 2022-2032 Figure 102: Asia Pacific IoT in Utilities Market Attractiveness Index, By Country – 2022-2032
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