PUBLISHER: Grand View Research | PRODUCT CODE: 1530543
PUBLISHER: Grand View Research | PRODUCT CODE: 1530543
Internet Of Things (IoT) In Energy Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Application (Oil & Gas, Coal Mine), By Deployment, By Connectivity, By Region, And Segment Forecasts, 2024 - 2030
Internet Of Things In Energy Market Trends
The global internet of things (IoT) in energy market size was estimated at USD 25.23 billion in 2023 and is expected to grow at a CAGR of 13.0% from 2024 to 2030. Advancements in sensor technology have significantly boosted the market. Modern sensors are more accurate, reliable, and affordable, enabling energy companies to gather detailed real-time data from various sources such as power grids, wind turbines, and solar panels. This data helps optimize energy production, distribution, and consumption, leading to more efficient operations. In addition, improved sensor technology supports predictive maintenance, reducing downtime and extending the life of energy infrastructure. As sensor technology continues to evolve, its integration into IoT solutions will further enhance the efficiency and sustainability of energy systems, thereby driving market growth.
Moreover, governments globally are rolling out initiatives and regulations to promote energy efficiency and reduce carbon footprints. These policies often include incentives for adopting IoT technologies in the energy sector through direct investments, subsidies, or mandates for smart utility meters in homes and businesses. Such governmental support accelerates the adoption of IoT solutions, driving growth by ensuring compliance, promoting sustainability, and encouraging innovation in energy management and distribution systems.
The global shift towards renewable energy sources such as solar, wind, and hydro is a major market growth. internet of things (IoT) technologies enable the efficient management of renewable energy systems by providing real-time monitoring and control. This ensures optimal energy production and distribution, reducing waste and improving reliability. Furthermore, IoT can facilitate the integration of renewable energy into existing grids, balancing supply and demand. As the world continues to prioritize sustainability and reduce dependence on fossil fuels, the role of IoT in supporting renewable energy initiatives will expand, contributing to market growth.
Moreover, IoT solutions offer significant cost savings and operational efficiencies for energy companies. By leveraging IoT, companies can automate processes, optimize resource utilization, and minimize energy wastage. Real-time data analytics provide insights into energy consumption patterns, enabling better demand forecasting and load balancing. Predictive maintenance powered by IoT sensors can identify potential issues before they lead to costly failures, reducing maintenance costs and downtime. As companies seek to remain competitive and improve profitability, the cost-saving potential of IoT will drive its adoption in the energy sector in the coming years.
Furthermore, consumers are increasingly interested in smart home devices like thermostats, lighting controls, and energy management systems that offer convenience, control, and cost savings. These devices rely on IoT technology to function and are often integrated with home energy systems and the broader power grid. This integration helps balance demand, reduce overall energy consumption, and enhance grid stability. Consumer demand for such technologies encourages energy providers to adopt and support IoT solutions, propelling the market forward.
Global Internet Of Things (IoT) In Energy Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global Internet of Things (IoT) in energy market report based on component, application, deployment, connectivity, and region:
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Solution
Asset Management
Energy Management
Safety Solution
Connected Logistics
Compliance & Risk Management
Data Management & Analytics
Others
- Services
Professional Services
Managed Services
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Oil & Gas
- Coal Mine
- Smart Grid
- Deployment Mode Outlook (Revenue, USD Million, 2018 - 2030)
- On-premise
- Cloud
- Connectivity Outlook (Revenue, USD Million, 2018 - 2030)
- Zigbee
- Wi-Fi
- Bluetooth
- Z-Wave
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
- Europe
Germany
UK
France
- Asia Pacific
Japan
China
India
Australia
South Korea
- Latin America
Brazil
- Middle East and Africa (MEA)
UAE
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 4 Research Scope and Assumptions
- 1.4.1. List to Data Sources
Chapter 2. Executive Summary
- 2.1. Internet of Things (IoT) in Energy Market Snapshot
- 2.2. Internet of Things (IoT) in Energy Market- Segment Snapshot (1/2)
- 2.3. Internet of Things (IoT) in Energy Market- Segment Snapshot (2/2)
- 2.4. Internet of Things (IoT) in Energy Market- Competitive Landscape Snapshot
Chapter 3. Internet of Things (IoT) Market - Industry Outlook
- 3.1. Market Overview
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.4. Technology Landscape
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's analysis
- 3.5.2. Macroeconomic analysis
Chapter 4. Internet of Things (IoT) in Energy Market: Component Estimates & Trend Analysis
- 4.1. Component Movement Analysis & Market Share, 2023 & 2030
- 4.2. Internet of Things (IoT) in Energy Market Estimates & Forecast, By Component 2018 - 2030 (USD Million)
- 4.2.1. Solution
- 4.2.1.1. Asset Management
- 4.2.1.2. Energy Management
- 4.2.1.3. Safety Solution
- 4.2.1.4. Connected Logistics
- 4.2.1.5. Compliance & Risk Management
- 4.2.1.6. Data Management & Analytics
- 4.2.1.7. Others
- 4.2.2. Services
- 4.2.2.1. Professional Services
- 4.2.2.2. Managed Services
- 4.2.1. Solution
Chapter 5. Internet of Things (IoT) in Energy Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Internet of Things (IoT) in Energy Market Estimates & Forecast, By Application 2018 - 2030 (USD Million)
- 5.2.1. Oil & Gas
- 5.2.2. Coal Mine
- 5.2.3. Smart Grid
Chapter 6. Internet of Things (IoT) in Energy Market: Deployment Estimates & Trend Analysis
- 6.1. Deployment Movement Analysis & Market Share, 2023 & 2030
- 6.2. Internet of Things (IoT) in Energy Market Estimates & Forecast, By Deployment 2018 - 2030 (USD Million)
- 6.2.1. On-premise
- 6.2.2. Cloud
Chapter 7. Internet of Things (IoT) in Energy Market: Connectivity Estimates & Trend Analysis
- 7.1. Connectivity Movement Analysis & Market Share, 2023 & 2030
- 7.2. Internet of Things (IoT) in Energy Market Estimates & Forecast, By Connectivity 2018 - 2030 (USD Million)
- 7.2.1. Zigbee
- 7.2.2. Wi-Fi
- 7.2.3. Bluetooth
- 7.2.4. Z-Wave
- 7.2.5. Others
Chapter 8. Regional Estimates & Trend Analysis
- 8.1. Internet of Things (IoT) in Energy Market by Region, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.3. Canada
- 8.2.4. Mexico
- 8.3. Europe
- 8.3.1. Europe Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.3. UK
- 8.3.4. France
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.3. China
- 8.4.4. India
- 8.4.5. South Korea
- 8.4.6. Australia
- 8.5. Latin America
- 8.5.1. Latin America Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.6. Middle East & Africa (MEA)
- 8.6.1. MEA Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Saudi Arabia
- 8.6.3. UAE
- 8.6.4. South Africa
Chapter 9. Internet of Things (IoT) in Energy Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Positioning
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.8.1. Expansion/Divestiture
- 9.8.2. Collaborations/Partnerships
- 9.8.3. New Product Launches
- 9.8.4. Research & Development
- 9.9. Company Profiles
- 9.9.1. GridPoint, Inc.
- 9.9.1.1. Participant's Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Recent Developments
- 9.9.2. Aeris Communications, Inc.
- 9.9.2.1. Participant's Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Recent Developments
- 9.9.3. IBM Corporation
- 9.9.3.1. Participant's Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Benchmarking
- 9.9.3.4. Recent Developments
- 9.9.4. Siemens AG
- 9.9.4.1. Participant's Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Recent Developments
- 9.9.5. Johnson Controls International PLC
- 9.9.5.1. Participant's Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Recent Developments
- 9.9.6. AGT International SpA
- 9.9.6.1. Participant's Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Recent Developments
- 9.9.7. Cisco Systems, Inc.
- 9.9.7.1. Participant's Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Benchmarking
- 9.9.7.4. Recent Developments
- 9.9.8. Davra Networks Limited
- 9.9.8.1. Participant's Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Recent Developments
- 9.9.9. Intel Corporation
- 9.9.9.1. Participant's Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Recent Developments
- 9.9.10. SAP SE
- 9.9.10.1. Participant's Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Recent Developments
- 9.9.1. GridPoint, Inc.
List of Tables
- Table 1 Key market driver impact
- Table 2 Key market restraint impact
- Table 3 Internet of Things (IoT) in Energy Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Million)
- Table 4 Internet of Things (IoT) in Energy Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- Table 5 Internet of Things (IoT) in Energy Market Revenue Estimates and Forecast, by Deployment, 2018 - 2030 (USD Million)
- Table 6 Internet of Things (IoT) in Energy Market Revenue Estimates and Forecast, by Connectivity, 2018 - 2030 (USD Million)
- Table 7 Recent Developments & Impact Analysis, By Key Market Participants
- Table 8 Company Heat Map Analysis
- Table 9 Key companies launching new products
- Table 10 Key companies pursuing expansions
- Table 11 Key companies pursuing mergers & acquisitions
- Table 12 Key companies striking collaborations/partnerships
List of Figures
- Fig. 1 Market Segmentation And Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Internet of Things (IoT) in Energy Market - Value Chain Analysis
- Fig. 11 Internet of Things (IoT) in Energy Market - Market Dynamics
- Fig. 12 Internet of Things (IoT) in Energy Market - Porter's Five Forces Analysis
- Fig. 13 Internet of Things (IoT) in Energy Market - PESTEL Analysis
- Fig. 14 Internet of Things (IoT) in Energy Market, By Component: Key Takeaways
- Fig. 15 Internet of Things (IoT) in Energy Market, By Component: Market Share, 2023 & 2030
- Fig. 16 Solution Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 17 Services Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Internet of Things (IoT) in Energy Market, By Application: Key Takeaways
- Fig. 19 Internet of Things (IoT) in Energy Market, By Application: Market Share, 2023 & 2030
- Fig. 20 Oil & Gas Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Coal Mine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Smart Grid Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Internet of Things (IoT) in Energy Market, By Deployment: Key Takeaways
- Fig. 24 Internet of Things (IoT) in Energy Market, By Deployment: Market Share, 2023 & 2030
- Fig. 25 On-premise Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Cloud Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Internet of Things (IoT) in Energy Market, By Connectivity: Key Takeaways
- Fig. 28 Internet of Things (IoT) in Energy Market, By Connectivity: Market Share, 2023 & 2030
- Fig. 29 Zigbee Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Wi-Fi Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Bluetooth Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Z-Wave Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 33 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 34 Regional Marketplace: Key Takeaways
- Fig. 35 Regional Marketplace: Key Takeaways
- Fig. 36 North America Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 37 U.S. Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 38 Canada Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 39 Mexico Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 40 Europe Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 41 Germany Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 42 UK Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 43 France Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 44 Asia Pacific Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 45 China Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 46 India Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 47 Japan Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 48 Australia Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 49 South Korea Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 50 Latin America Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 51 Brazil Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 52 MEA Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 53 Saudi Arabia Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 54 South Africa Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 55 UAE Internet of Things (IoT) in Energy Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 56 Key Company Categorization
- Fig. 57 Componany Market Positioning
- Fig. 58 Strategic Framework
