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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.

IoT In Utilities Market Report Brochure

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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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.

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

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

Nikhil Kaitwade
Principal Consultant
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List of Charts

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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IoT In Utilities Market