The Internet of Things (IoT) in Energy and Utility Applications

Report Code: IFT142A

Publish Date: Nov 2017

Publisher: BCC Publishing

Category: Information Technology

Customize This Report

Single User License: $2500

Member Price: FREE

EXPLORE OFFERS

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

The global market for the internet of things (IoT) in energy and utility applications should reach $59.9 billion by 2022 from $21.4 billion in 2017 at a compound annual growth rate (CAGR) of 22.9%, from 2017 to 2022.

Report Includes

  • 90 data tables and 10 additional tables
  • A global market overview of the Internet of Things (IoT) in energy and utility applications
  • Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
  • Analyses of the market by technology, end user, and service
  • Detailed discussion of the impact of the key trends and key stakeholders in the market
  • In-depth patent analysis of IoT product technologies currently under investigation or new in the market
  • Profiles of manufacturers and suppliers of IoT technology products

Report Scope

Internet of Things (IoT) is defined as a system of interconnected devices, machines, digital devices, objects, animals and/or humans, each provided with unique identifiers and with the ability to transfer data over a network that requires human-to-human or human-to-computer interaction. In IoT, objects are embedded with sensors, actuators and monitors, allowing them to communicate. IoT works in conjunction with software and hardware and includes a range of software such as analytics, data analysis, etc., and hardware such as sensors, actuators and devices.

The IoT in energy and utilities market can be broadly categorized into hardware, software, services and connectivity (technology classification). While hardware and services dominate the market, software, services and connectivity are the three strongest growing categories. In connectivity, low power wide area (LPWA) is the strongest growing subsegment.

IoT is witnessing strong penetration in all industry-level subsegments such as oil and gas, utility gas management, water management, and electricity grid and supply management. The utility gas management subsegment is witnessing the strongest growth, while the mining category is experiencing particularly slow growth.

The scope of this report includes hardware, software, services and connectivity technologies related to IoT in energy and utilities, and hence all calculations and segmentations consider hardware, software, services and connectivity technologies in the IoT in energy and utilities market. Along with product and solutions revenue, BCC Research has also considered services revenue. The report includes distinct types of companies such as: 

  • Connected device and IoT technology providers
  • Large technology vendors that have a presence in many verticals
  • Energy and utility technology manufacturers
  • Energy and utility companies that have a presence in the technology space
  • Others, including suppliers and distributors 

In the services segment, the report covers all forms of services such as professional services, deployment and integration, and support and maintenance. However, stand-alone service providers that provide post-sale services are out of scope of this report. The report also excludes technology companies that may have a strong presence in the IoT space but do not offer any solutions or services in the energy and utilities sector.

The report begins by introducing the reader to how the market for IoT in energy and utilities has evolved over time and how various factors impact the market. The report will then proceed to identify the following: 

  • Primary forces with a direct impact on the IoT in energy and utilities sector
  • Secondary forces that have an indirect impact
  • Key funding and financing in this space
  • Some key challenges that may hinder the growth of this market
  • Key trends visible in the market
  • Leading end users of IoT in the energy and utilities sector
  • Demand in Asia-Pacific, North America, Europe, Middle East and Africa, and South America for IoT in energy and utilities
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Analyst Credentials

Ritam Biswas has more than 13 years of experience in the market research and financial research space and has written and consulted on several research and advisory projects in various technology verticals. He has worked as a team leader and lead analyst in several technology businesses and has written numerous reports in areas such as disruptive technology, innovative and new technologies, advanced end-user computing, cloud security, virtualization security, mobile security and deep packet inspection.

Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: The Internet of Things (IoT) in Energy and Utility Applications150Free
Chapter- 1: Introduction7Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Market and Technology Background16Free
Chapter- 4: Market Breakdown by Technology Type 24Free
Chapter- 5: Market Breakdown by End User11Free
Chapter- 6: Market Breakdown by Connectivity7Free
Chapter- 7: Market Breakdown by Region53Free
Chapter- 8: Patent Review3Free
Chapter- 9: Analysis of Market Opportunities5Free
Chapter- 10: Company Profiles21Free

Related Reports

Global Digital Utility Market

Published - Aug 2023 | Publisher - BCC Publishing | Code - EGY190A

The global digital utility market is estimated to increase from $226.6 billion in 2023 to reach $415.2 billion by 2028, at a compound annual growth rate (CAGR) of 12.9% from 2023 through 2028.

Internet of Things (IoT) Security: Technologies and Global Markets

Published - Jan 2023 | Publisher - BCC Publishing | Code - IFT134C

The global IoT security technologies market should reach $24.1 billion by 2022 and $72.8 billion by 2027, with a compound annual growth rate (CAGR) of 24.8% during the forecast period of 2022-2027.

Smart Cities: Growing New IT Markets

Published - Jul 2022 | Publisher - BCC Publishing | Code - IFT115D

The global smart city technologies market should reach $2.8 trillion by 2027 from $1.0 trillion in 2022 at a compound annual growth rate (CAGR) of 22.6% for the forecast period of 2022 to 2027.

Sensors for the Internet of Things (IOT): Global Markets

Published - May 2022 | Publisher - BCC Publishing | Code - IFT130C

The global market for IoT sensors should grow from $10.9 billion in 2021 to $36.6 billion by 2026 with a compound annual growth rate (CAGR) of 27.4% for the period of 2021-2026.

Recent Reports

Smart Transportation: Technologies and Markets

Published - Dec 2024 | Publisher - Austin Samuel | Code - IFT205B

The global smart transportation market was valued at $152.6 billion in 2023. The market is expected to grow from $181.7 billion in 2024 to $484.5 billion by 2029, at a compound annual growth rate (CAGR) of 21.7% from 2024 through 2029.

Global Private 5G Network Market

Published - Oct 2024 | Publisher - Austin Samuel | Code - IFT306A

The report provides an overview of the global private 5G network market size and a detailed analysis of the market players' products and strategies. Using 2023 as the base year, the report provides estimated market data for 2024 through 2029.

Global IoT Testing Services Market

Published - Oct 2024 | Publisher - BCC Publishing | Code - IFT307A

This report analyses the global market trends in IoT testing services with data from 2023, estimates for 2024, and projected CAGRs through 2029. It analyzes patent activity and emerging technologies in the IoT testing services market. The report also examines the competition among major players and provides profiles of leading companies.

Global Artificial Intelligence (AI) Market: Investments vs Potential

Published - Aug 2024 | Publisher - Austin Samuel | Code - IFT189C

The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.

Cybersecurity: Technologies and Global Markets

Published - Jul 2024 | Publisher - Masaratjahan Kudle | Code - IFT131D

The global market for cybersecurity technologies was valued at $208.1 billion in 2023. The market is expected to grow from $229.3 billion in 2024 to $396.8 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 11.6% from 2024 to 2029.

Top Trending Reports

Single-use Technologies for Biopharmaceuticals: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - BIO099F

The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.

Cell and Gene Therapy Tools, and Reagents: Global Markets

Published - Nov 2024 | Publisher - BCC Publishing | Code - BIO208C

The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.

Medical Devices Industry: Competitive Landscape

Published - Nov 2024 | Publisher - BCC Publishing | Code - MDS010C

The global market for medical devices is estimated to increase from 810.4 billion in 2024 to reach $1.3 trillion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.

Global Market Opportunities and Competitive Landscape for CDMO

Published - Nov 2024 | Publisher - BCC Publishing | Code - PHM238B

The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.

Chronic Disease Management: Therapeutics, Device Technologies and Global Markets

Published - Oct 2024 | Publisher - BCC Publishing | Code - HLC239C

The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
The Internet of Things (IoT) in Energy and Utility Applications
Customize Report