Global IoT In Utilities Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
5 May, 2023
The global IoT in utilities market size is expected to grow from $43.86 billion$49.68 billion$81.01 billion13.0%.
Global IoT In Utilities Market Key Driver
The increasing demand for digitization is expected to propel the growth of the IoT in the utility market going forward. Digitization in the IoT in the utility market uses digital tools to logically monitor and upgrade physical infrastructure, automation to improve workforce safety and efficiency, and hence improve customer interaction. Digitization also improves the integration of distributed systems with an advanced grid digital technology.
Get a Sample of the global IoT in utilities market reportGlobal IoT In Utilities Market Segments
The global IoT in utilities market is segmented:
1) By Component: Platform, Solutions, Services, Other Components
2) By Technology: Sensors, RFID, Connectivity Technology
3) By Application: Electricity Grid Management, Gas Management, Water and Waste Management, Other Applications
4) By Geography: The regions covered in the IoT in utilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global IoT in utilities market.
Major IoT In Utilities Industry Players
International Business Machines Corporation, Oracle Corporation, Verizon Communications, Cisco Systems Inc., Vodafone Group, Telit, Landis+Gyr, Itron Inc., Schneider Electric SE, Huawei Technologies, Trimble Inc.
Get the full global IoT in utilities industry report here
IoT In Utilities Market Overview
The IoT in utilities is the concept for developing advanced solutions that improve productivity and accuracy, solve critical problems, and improve real-time decision-making. It is used to reduce emissions, distribute energy resources, accommodate the integration of renewables, and improve reliability and efficiency. IoT in the utility is used for creating powerful connected networks of data flows among distributed energy resources (DERs), in-home devices, and nano/microgrids.
IoT In Utilities Global Market Report 2023 provides data on the global IoT in utilities market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The IoT in utilities market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.