IoT in Utilities Market 2020 by Component, Services, Applications, Growth Analysis, Technology, Industry Trends, Growing Demand, Investment Opportunity 2025

The Asia Pacific is expected to lead in the IoT utility market due to the adoption of cloud-based platforms across the sector, along with government initiatives for smart grid modernization across China and India.

The global Internet of Things (IoT) in utility market size is anticipated to reach over USD 52 billion by 2025. The driving factors influencing the global internet of things IoT in the utility market includes increasing applications of IoT in utilities and growing improvements efficiency, generating maximum revenue, increasing optimization of energy and water generation and distribution with an intention to help utility providers, growing demand of utilities such as electricity from consumers, water, and gas. Also, IoT sensors are improving workplace safety for gas and oil workers.

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Regional-wise, North America holds the largest market share in 2018, followed by the US owing to the increasing use of technological advancement in IoT, growing vendors of IoT utilities, and generating tremendous revenue annually.

Leading players of the global internet of things IoT in the utility market are focusing on bringing new developments to promote their products and industry both. Moreover, the vendors are looking forward to collaborations and partnerships to upscale the global internet of things IoT in the utility market shortly. The vendors all are enriching the product and deliver the best software quality to clients all across the globe. This boosted the demand for the global internet of things IoT in the utility market and estimated to escalate even higher over the forecast period.

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The global internet of things IoT in the utility market is categorized into several segmentations including solutions, industry verticals, services, deployment type, components, applications and regions. Based on the industry verticals overview, the global internet of things IoT in the utility market is fragmented into Retail, Telecom, Healthcare, Media and Entertainment, Travel & hospitality, BFSI, and E-Commerce. Based on the deployment type overview, the global internet of things IoT in the utility market is subjected to cloud and on-premise. Based on the applications, the global internet of things IoT in the utility market is segregated into electricity grid management, water and wastewater management, and utility gas management.

On the basis of component overview, the global internet of things IoT in the utility market is segregated classified into solutions, services and platforms. On the basis of solutions, the global internet of things IoT in the utility market is divided into asset monitoring management, workforce management, network management, customer information system, billing system, safety and security, and Supervising Control and Data Acquisitions (SCADA).

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Looping on to the regional overview, the global internet of things IoT in the utility market is a wide range to North America, Italy, USA, Canada, South Africa, Egypt, Asia Pacific, China, Mexico, Korea, India, Southeast Asia, The Middle East and Africa, Turkey, Nigeria, UAE, Argentina, Europe, Japan, France, UK, Russia, South America, Brazil, Saudi Arabia, Germany, and Columbia. Leading players of the global internet of things IoT in the utility market include Saviant Consulting (India), Verizon (US), Cisco (US), Vodafone (UK), Altair (US), Telit (UK), Landis Gyr (Switzerland), Itron (US), Schneider Electric (France), Energyworx (Netherlands), Trimble (US), Aclara (US), ABB (Switzerland), Trilliant (US), IBM (US), HCL (India), Actility (France), Waviot (Russia), Huawei (China), Oracle (US), Siemens (Germany), Honeywell (US), Rayven (Australia), and GE (US)

Segment Overview of Global Internet of Things (IoT) in Utilities Market

Component Overview, 2018-2025 (USD Billion)

Platform
Solutions
Services
Application Overview, 2018-2025 (USD Billion)

Utility Gas Management
Water & Wastewater Management
Electricity Grid Management
Regional Overview, 2018-2025 (USD Billion)

North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America

What does the report include?

The study on the global IoT in the Utility market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the IoT in the Utility industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on type, application, and solutions. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.

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Release ID: 88981621