PUBLISHER: SkyQuest | PRODUCT CODE: 1687616
PUBLISHER: SkyQuest | PRODUCT CODE: 1687616
Internet of Things (IoT) in Energy Market Size, Share, and Growth Analysis, By Component (Platform, Solutions), By Solution (Asset Management, Safety), By Service, By Network Technology, By Application, By Region - Industry Forecast 2025-2032
Internet of Things (IoT) in Energy Market size was valued at USD 32.1 billion in 2023 and is poised to grow from USD 35.86 billion in 2024 to USD 86.89 billion by 2032, growing at a CAGR of 11.7% during the forecast period (2025-2032).
The energy sector is increasingly focused on sustainability due to its significant carbon footprint, prompting companies to adopt automation for improved productivity and reduced emissions. Global investments in grid modernization are expected to create favorable conditions for the growth of Internet of Things (IoT) applications in the energy industry. The rise of smart meter installations, the integration of IoT technologies to enhance sustainability, and the increasing blending of renewable and traditional energy infrastructures are projected to stimulate market expansion. However, challenges related to integration and interoperability are anticipated to pose significant hurdles for IoT implementation in energy companies in the long term. These insights underscore the critical transition toward a more sustainable and technologically integrated energy landscape.
Top-down and bottom-up approaches were used to estimate and validate the size of the Internet Of Things (IoT) In Energy market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Internet Of Things (IoT) In Energy Market Segments Analysis
Global Internet of Things (IoT) in Energy Market is segmented by Component, Solution, Service, Network Technology, Application and region. Based on Component, the market is segmented into Platform, Solutions and Services. Based on Solution, the market is segmented into Asset Management, Safety, Connected Logistics, Compliance and Risk Management, Data Management and Analytics, SCADA, Mobile Workforce Management, Network Management and Energy Management. Based on Service, the market is segmented into Consulting, Integration and Deployment and Support and Maintenance. Based on Network Technology, the market is segmented into Cellular Network, Satellite Network, Radio Network and Others. Based on Application, the market is segmented into Oil and Gas, Coal Mining andsmart grid. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Internet Of Things (IoT) In Energy Market
The global demand for energy is surging rapidly, prompting energy companies to adopt various innovative solutions to meet this rising need. The integration of Internet of Things (IoT) and other advanced technologies facilitates the efficient and effective distribution of energy, significantly reducing losses. This transition not only optimizes energy management but also enhances the overall performance of energy systems. As a result, the growing reliance on IoT solutions is driving substantial growth in the IoT in energy market, as companies seek to leverage these technologies to achieve sustainability and operational efficiency in their energy distribution networks.
Restraints in the Internet Of Things (IoT) In Energy Market
The global energy infrastructure has largely remained unchanged since its initial development, presenting significant challenges for the integration of advanced IoT technology. This outdated framework complicates the implementation of innovative IoT solutions, often resulting in increased costs that hinder the growth of the IoT in the energy sector. Consequently, the difficulties associated with updating existing systems and technology can act as a substantial restraint on the potential expansion and advancement of IoT applications within the energy market, ultimately impacting overall market dynamics and progress.
Market Trends of the Internet Of Things (IoT) In Energy Market
The Internet of Things (IoT) in the energy market is witnessing a significant trend towards integrating blockchain technology, which is revolutionizing how energy companies operate. By facilitating secure and transparent transactions, blockchain enhances trust among stakeholders while streamlining operations. This convergence encourages the development of decentralized energy systems, allowing consumers to engage directly in energy trading and management, promoting sustainability and efficiency. As smart grids and IoT devices proliferate, the market is evolving towards more resilient and adaptive infrastructures, fostering innovation and creating new revenue streams. The synergy of IoT and blockchain is poised to redefine energy landscapes and empower consumers like never before.
Table of Contents
Introduction
- Objectives of the Study
- Scope of the Report
- Definitions
Research Methodology
- Information Procurement
- Secondary & Primary Data Methods
- Market Size Estimation
- Market Assumptions & Limitations
Executive Summary
- Global Market Outlook
- Supply & Demand Trend Analysis
- Segmental Opportunity Analysis
Market Dynamics & Outlook
- Market Overview
- Market Size
- Market Dynamics
- Drivers & Opportunities
- Restraints & Challenges
- Porters Analysis
- Competitive rivalry
- Threat of substitute
- Bargaining power of buyers
- Threat of new entrants
- Bargaining power of suppliers
Key Market Insights
- Key Success Factors
- Degree of Competition
- Top Investment Pockets
- Market Ecosystem
- Market Attractiveness Index, 2024
- PESTEL Analysis
- Macro-Economic Indicators
- Value Chain Analysis
- Pricing Analysis
- Technological Advancement
- Case Studies
Global Internet of Things (IoT) in Energy Market Size by Component & CAGR (2025-2032)
- Market Overview
- Platform
- Solutions
- Services
Global Internet of Things (IoT) in Energy Market Size by Solution & CAGR (2025-2032)
- Market Overview
- Asset Management
- Predictive Maintenance
- Asset Condition Monitoring
- Safety
- Physical Security
- Cybersecurity
- Connected Logistics
- Fleet Management
- Freight Management
- Port Management
- Compliance and Risk Management
- Sustainability Monitoring
- Emission Monitoring and Control
- Data Management and Analytics
- SCADA
- Mobile Workforce Management
- Network Management
- Energy Management
Global Internet of Things (IoT) in Energy Market Size by Service & CAGR (2025-2032)
- Market Overview
- Consulting
- Integration and Deployment
- Support and Maintenance
Global Internet of Things (IoT) in Energy Market Size by Network Technology & CAGR (2025-2032)
- Market Overview
- Cellular Network
- Satellite Network
- Radio Network
- Others
Global Internet of Things (IoT) in Energy Market Size by Application & CAGR (2025-2032)
- Market Overview
- Oil and Gas
- Upstream
- Midstream
- Downstream
- Coal Mining
- Open-pit Mining
- Underground Mining
- Smart Grid
- Generation
- Power Transmission and Distribution
- Substation Automation
Global Internet of Things (IoT) in Energy Market Size & CAGR (2025-2032)
- North America (Component, Solution, Service, Network Technology, Application)
- US
- Canada
- Europe (Component, Solution, Service, Network Technology, Application)
- Germany
- Spain
- France
- UK
- Italy
- Rest of Europe
- Asia Pacific (Component, Solution, Service, Network Technology, Application)
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America (Component, Solution, Service, Network Technology, Application)
- Brazil
- Rest of Latin America
- Middle East & Africa (Component, Solution, Service, Network Technology, Application)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Competitive Intelligence
- Top 5 Player Comparison
- Market Positioning of Key Players, 2024
- Strategies Adopted by Key Market Players
- Recent Developments in the Market
- Company Market Share Analysis, 2024
- Company Profiles of All Key Players
- Company Details
- Product Portfolio Analysis
- Company's Segmental Share Analysis
- Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
- People Power Company (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Verdigris Technologies (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Cognite AS (Norway)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- SensorUp Inc. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- M-Kopa Solar (Kenya)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Infinitum Electric (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- EDF Energy (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Drax Group (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- British Gas (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Siemens AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Schneider Electric (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- ABB Ltd. (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- General Electric (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Honeywell International Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Cisco Systems, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- IBM Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Intel Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- SAP SE (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Oracle Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Rockwell Automation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Conclusion & Recommendations
