IoT In Utilities Market Report 2026

IoT In Utilities Market Overview

• IoT In Utilities market size has reached to $57.18 billion in 2025 • Expected to grow to $115.12 billion in 2030 at a compound annual growth rate (CAGR) of 15.1% • Growth Driver: IoT Revolutionizing Waste Management In Utilities Is A Sustainable Path To Cleaner Cities • Market Trend: Satellite IoT Networks Becoming a Key Innovation Lever in Utilities • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under IoT In Utilities Market?

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. The main types of IoT in utilities are platforms, solutions, services, and others. IoT utility solutions refer to a set of activities conducted for the development and sale of IoT in utilities for solutions. An IoT solution is a seamlessly integrated array of technologies, including multiple sensors, to solve a problem and create new organizational value. The different technologies include sensors, RFID, and connectivity technology, which are used in various applications such as electricity grid management, gas management, water and waste management, and others.

What Is The IoT In Utilities Market Growth Forecast?

The iot in utilities market size is expected to see rapid growth in the next few years. It will grow to $115.12 billion in 2030 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to increasing adoption of ai-driven grid optimization, rising focus on emission reduction targets, expansion of microgrid deployments, growing investment in utility cybersecurity, increasing demand for predictive maintenance solutions. Major trends in the forecast period include increasing deployment of smart grid iot platforms, rising adoption of advanced metering infrastructure, growing integration of distributed energy resource monitoring, expansion of real-time utility analytics systems, enhanced focus on grid reliability optimization.

Global IoT In Utilities Market Segmentation

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 Subsegments: 1) By Platform: Cloud Platforms, Edge Computing Platforms 2) By Solutions: Smart Metering, Asset Management, Grid Management, Water Management, Energy Management 3) By Services: Consulting Services, Integration Services, Maintenance And Support Services 4) By Other Components: Devices And Sensors, Network Infrastructure, Data Management Tools

What Is The Driver Of The IoT In Utilities Market?

The increasing demand for waste management is expected to propel the growth of the IoT in utilities market going forward. Waste management refers to the process of collecting, treating, disposing of, and managing waste materials in a responsible and efficient manner. The increasing demand for waste management is due to organisations and communities seeking efficient, sustainable, and hygienic solutions that reduce environmental impact, optimise resource recovery, and ensure safe disposal with minimal operational disruption. Internet of Things (IoT) in waste management offers utilities and municipalities the opportunity to streamline operations, reduce costs, improve sustainability, and enhance the quality of waste management services while contributing to a cleaner and more sustainable urban environment. For instance, in February 2024, according to the United Nations Environment Programme, a Kenya-based international organisation, municipal solid waste generation reached an estimated 2.1 billion tonnes in 2023 and is projected to grow to 3.8 billion tonnes by 2050. Therefore, the increasing demand for waste management is driving the growth of the IoT in utilities industry.

Key Players In The Global IoT In Utilities Market

Major companies operating in the iot in utilities market are International Business Machines Corporation; Oracle Corporation; Verizon Communications Inc.; Cisco Systems Inc.; Vodafone Group Plc; Telit Communications PLC; Landis+Gyr AG; Itron Inc.; Schneider Electric SE; Huawei Technologies Co. Ltd.; Trimble Inc.; Asea Brown Boveri Corporation; Honeywell International Inc.; Siemens AG; General Electric; Aclara Technologies LLC; Trilliant Networks Inc; Energyworx; Hindustan Computers Limited; Altair Engineering; Actility S. A; WAVIoT; Rayven LLC; Bosch Software Innovations; C3. AI Inc.; Parametric Technology Corporation; Spectrum; Samsara Inc.; Sierra Wireless; SoluLab; Silver Spring Networks; Sensus; Badger Meter Inc.; Kamstrup A/S; Elster Group GmbH

Global IoT In Utilities Market Trends and Insights

Major companies operating in the IoT in utilities market are increasingly focusing on technological innovations such as satellite Internet of Things (IoT) networks to drive new capabilities in connectivity, monitoring and remote asset management especially in remote or underserved locations. Satellite Internet of Things (IoT) networks are communication systems that use satellites to connect IoT devices in remote or hard-to-reach areas, enabling data transmission, monitoring, and control without relying on terrestrial networks. For instance, in July 2023, Viasat Inc. a US-based internet service provider commercial company, announced technological advancements in satellite-enabled Internet of Things (IoT) networks. This advancement enables utilities and critical infrastructure operators to remotely monitor and control assets, enhance cybersecurity through secure traffic routing and encryption, support climate and disaster resilience with environmental monitoring and early warning systems, and improve overall operational efficiency and risk management, positioning satellite IoT as a central tool for modernising power grids and facilitating the transition to renewable energy sources globally.

What Are Latest Mergers And Acquisitions In The IoT In Utilities Market?

In November 2023, Gridspertise S.r.l., an Italy-based smart grid solutions company, acquired Aidon Oy for an undisclosed amount. Through this acquisition, Gridspertise enhances its IoT and grid-edge platform portfolio leveraging Aidon’s installed base of approximately 5 million metering points across Nordic markets and expanding its global reach in the digitalisation of electricity distribution infrastructure. Aidon Oy is a Finland-based company that supplies smart metering, smart grid and IoT connectivity solutions for utilities, helping distribution system operators digitise grid monitoring and energy consumption.

Regional Insights

North America was the largest region in the IoT in utilities market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the IoT In Utilities Market?

The IoT in the utility market consists of revenues earned by entities by providing asset monitoring management and network management. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the IoT In Utilities Market Report 2026?

The iot in utilities market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the iot in utilities industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.