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.
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Talk to AnalystWhat 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.
Comparative View of Adjacent IoT in Utilities Market
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 |
|
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. |
|
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. |
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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.
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
The global IoT in utilities market is likely to value at US$ 36.8 Billion in 2021.
The global IoT in utilities market is estimated to grow at a CAGR of 11.9% from 2022 to 2032.
The global IoT in utilities market is predicted to procure USD 41.8 Billion from 2022 to 2032.
The asset monitoring & management segment is projected to expand at an 11.4% CAGR during the forecast period.
The platform segment is likely to exhibit an 11.4% CAGR from 2022-to 2032.
The U.S market is expected to garner US$ 44.6 Billion while expanding at an 11.6% CAGR from 2022 to 2032
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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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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Talk to AnalystFigure 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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