A comprehensive historical analysis of the global market for the Internet of Things (IoT) in Energy has been thoroughly analyzed in this report. It offers data and insights from 2019-2022 and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Internet of Things (IoT) in the energy market.
The Internet of Things (IoT) in Energy Market Size is Anticipated to Exceed USD 87.2 Billion by 2033, Growing at a CAGR of 11.68% from 2023 to 2033.
The report includes growth prospects in the global Internet of Things (IoT) in the Energy market by type, application, sub-segment, and region. QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Energy & Power and other sectors. Regional coverage spans North America, Europe, and the rest of the world including Asia Pacific.
A network of physical objects, including cars, appliances, and other items, that have sensors, software, and network connectivity incorporated in them is called the Internet of Things (IoT). Data is gathered and shared by these networked devices, forming a huge ecosystem in which data moves easily between the digital and physical domains. The integration of renewable energy sources into the grid, workplace safety, supply and demand balance, and fluctuating energy prices are just a few of the issues facing the energy sector that the Internet of Things (IoT) can help solve. For example, the energy sector can be dramatically transformed by IoT's predictive maintenance capabilities, which can manage asset performance, optimize operations, and involve customers in reducing energy costs.
There are countless applications for the Internet of Things in both commercial and home settings. Modern appliances, ranging from refrigerators to sensor networks, may now be controlled more easily from a computer or smartphone due to models that communicate with a wireless network. According to estimates from IHS Markit, there will be over 75 billion IoT devices in operation by 2025. However, several security issues have surfaced as a result of the widespread use of IoT and demand attention and action. The goal of the National Cybersecurity Center of Excellence (NCCoE) at the National Institute of Standards and Technology (NIST) is to increase the security of the Internet of Things.
According to the United States Department of Energy, the Internet of Things (IoT) presents novel prospects for consumer interaction with the power industry, in addition to providing enhanced opportunities for improved efficiency and performance throughout the power grid. For example, sophisticated sensors can collect novel data from grid assets, providing grid operators with a better understanding of infrastructure performance; controls can function throughout the transmission and distribution systems, adapting to changing grid conditions due to shifting generation mixes, environmental factors, or security threats; and consumers can interact and make more informed decisions regarding their specific energy needs.
Leading players of the Internet of Things (IoT) in Energy include:
- Cisco Systems
- AGT International
- Altair Engineering
- HCL Technologies
- Rockwell Automation
- Infosys
- Davra Networks
- Wind River
- IBM Corporation
- Siemens
- Accenture PLC
- Intel Corporation
- Bosch
- Hewlett-Packard
- Schneider Electric
- Others
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Market split by Segement can be divided into:
By Component
- Platform
- Solutions
- Services
By Network Technology
- Cellular Network
- Satellite Network
- Radio Network
- Others
By Application
- Oil and Gas
- Coal Mining
- Smart Grid
Market segment by Region/Country including:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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In January 2024, a sustainable power source for the Internet of Things was made available to two Indian researchers at the Massachusetts Institute by researchers from Osaka University who have made advancements in thermoelectric conversion.
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What's covered in the report?
- 1. Overview of the Internet of Things (IoT) the in Energy market.
- 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa) market size data for the Internet of Things (IoT) inthe Energy market, based on segement.
- 3. Internet of Things (IoT) in Energy Market Trends.
- 4. Internet of Things (IoT) in Energy Market drivers.
- 5. Analysis of major company profiles.
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Internet of Things (IoT) in the Energy market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Internet of Things (IoT) in the Energy Industry.
3. Leading company profiles reveal details of key Internet of Things (IoT) in Energy market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Internet of Things (IoT) in the Energy market with five-year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe, and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Internet of Things (IoT) in the Energy market over the upcoming seven years
7. Accurate estimation of the global Internet of Things (IoT) in Energy market size
8. Exact estimations of the upcoming trends and changes observed in consumer behavior
9. Growth of the global Internet of Things (IoT) in the Energy market across North & South America, EMEA, Asia Pacific, and Latin America
10. Information about the Internet of Things (IoT) in Energy market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis various vendors
12. Furnishing detailed information on the factors that will restrain the growth of the Internet of Things (IoT) in the Energy market
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