The Internet of Things in Energy Market
  • Published Date: Aug-2021
  • |
  • 180 Pages
  • |
  • Report ID: IC1531

The Internet of Things in Energy Market

The Internet of Things (IoT) in Energy Market is expected to grow from USD 168.57 billion in 2020 to USD 298.26 billion by 2026 at a CAGR of 10% from 2020 to 2026.

  • Report Description
  • Table of Content
  • Segmentation
  • Companies
  • News

The Internet of Things is referred as an invisible and intelligent network of devices which are connected by a common network. The Internet of Things (IoT) is a sophisticated set of interconnected computers which can transmit data over a network without the requirement of computer or human intervention. The Internet of Things has made vital inroads into the energy production and management sectors. IoT application in energy coordinates IoT-based energy technologies for the oil and gas market, electricity sector, coal sector and mining sector. Rapid increase of urbanization across the world is transforming the way of using devices and things existing in the technological environment. Internet of Things (IoT) in energy sector comprises of devices and software which have connectivity feature with internet. The devices are equipped with chips, sensors and others to improve the user’s experience and to enhance the operational efficiency of the operations in energy sector. These devices and software are efficient to operate several tasks with less time consuming ways. The increasing requirement of internet enabled devices and growing need of internet connectivity are few of the major factors which are projected the positive growth of internet of things in energy sector worldwide. Technological advancements in semiconductors provide the benefits to develop lightweight and efficient devices which are highly smarter than the traditional and heavy devices. Internet of things (IoT) in energy helps the sector to mitigate the loss of resources and also assist them to optimize the utilization of available resources through smart grids. Apart from this, the issues associated to security and privacy of data and connectivity of devices is the significant factor hampering the internet of things (IoT) in energy market growth.

In addition, the surging need of remote monitoring systems and internet powered devices had supported the prominence of internet of things (IoT) in energy sector particularly in utility and power distribution. These devices and systems facilitate to operate efficiently and cater better to consumers. Similarly, the energy management offer ease to several end-use industries such as power, oil & gas and mining industries to reduce the energy losses which further decreases the operational cost. Extensive availability and diversity in technological devices are offering ease to the energy sector to adopt latest technology.

The global Internet of Things (IoT) in Energy Market is segregated on the basis of component as Solution, Platforms and Services. Based on Technology the global Internet of Things (IoT) in Energy Market is segmented in Cellular Network, Satellite Network, Radio Network and Others. Based on Applications the global Internet of Things (IoT) in Energy Market is segmented in Oil and Gas, Coal Mining and Smart Grid.

The global Internet of Things (IoT) in Energy Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Internet of Things (IoT) in Energy Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

ABB, Aclara, Actility, Agt International, Altair Engineering and others are among the major players in the global Internet of Things (IoT) in Energy Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

  • In March 2020, ABB introduced an open software platform to propel smart energy strategy development.
  • In February 2020, Actility and Abeeway entered into a partnership with Favendo to address German, Austrian, and Swiss tracking requirements.
  • In November 2019, IBM introduced Maximo Asset Monitor, a new AI-powered monitoring solution.
  • In November 2019, Altair Engineering acquired DEM Solutions, makers of EDEM for mass material simulation and for extending solver portfolio into DEM Analysis.
  • In May 2019, Actility extended its presence in Ukraine and in the Kyrgyz Republic.
  • In March 2020, Microsoft Corporation and Cisco Systems declared a partnership to allow seamless data orchestration from Cisco IoT Edge to Azure IoT Cloud. One of the results of this collaboration would be to offer customers a pre-integrated IoT edge-to-cloud application solution.

The global Internet of Things (IoT) in Energy Market has been segmented as below:

Internet of Things (IoT) in Energy Market, By Component

  • Solution
  • Platforms
  • Services

Internet of Things (IoT) in Energy Market, By Technology

  • Cellular Network
  • Satellite Network
  • Radio Network
  • Others

Internet of Things (IoT) in Energy Market, By Applications

  • Oil and Gas
  • Coal Mining
  • Smart Grid

Internet of Things (IoT) in Energy Market, By Region

  • Europe
  • North America
  • Asia Pacific
  • Rest of The World

Internet of Things (IoT) in Energy Market, By Company

  • ABB
  • Aclara
  • Actility
  • Agt International
  • Altair Engineering
  • Bosch
  • Cisco
  • Davra Networks
  • Flutura
  • HCL
  • IBM
  • Infosys
  • Intel
  • Rockwell Automation
  • Sap
  • Schneider Electric
  • Siemens
  • Smartgas

The report covers the below scope:

  • Global Internet of Things (IoT) in Energy Market sizes from 2020 to 2026, along with CAGR for 2020-2026
  • Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
  • Global Internet of Things (IoT) in Energy Market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Internet of Things (IoT) in Energy Market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019
  • Estimated year - 2019
  • Projected year - 2020
  • Forecast period - 2021 to 2026

Report Scope:

The global Internet of Things (IoT) in Energy Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Internet of Things (IoT) in Energy Market share. Major industry players with significant revenue share include ABB, Aclara, Actility, Agt International, Altair Engineering and others.

Why to Buy this Report:

  • Gain detailed insights on the Internet of Things (IoT) in Energy industry trends
  • Find complete analysis on the market status
  • Identify the Internet of Things (IoT) in Energy Market opportunities and growth segments
  • Analyse competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

  • The report targeted towards the existing players in the industry is as follows:
  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement


1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Internet of Things (IoT) in Energy Market, By Component

5.1.      Key Points

5.2.  Solution

5.3.  Platforms

5.4.  Services

6.    Internet of Things (IoT) in Energy Market, By Technology

6.1.      Key Points

6.2. Cellular Network

6.3. Satellite Network

6.4. Radio Network

6.5.  Others

7.     Internet of Things (IoT) in Energy Market, By Applications

7.1.      Key Points

7.2.  Oil and Gas

7.3.  Coal Mining

7.4.  Smart Grid

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Internet of Things (IoT) in Energy Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  ABB

9.2. Aclara

9.3. Actility

9.4. Agt International

9.5.  Altair Engineering

9.6. Bosch

9.7.  Cisco

9.8. Davra Networks

9.9. Flutura

9.10.    HCL

9.11.      IBM

9.12.    Infosys

9.13.     Intel

9.14.    Rockwell Automation

9.15.     Sap

9.16.    Schneider Electric

9.17.     Siemens

9.18.    Smartgas


Internet of Things (IoT) in Energy Market, By Component

  • Solution
  • Platforms
  • Services

Internet of Things (IoT) in Energy Market, By Technology

  • Cellular Network
  • Satellite Network
  • Radio Network
  • Others

Internet of Things (IoT) in Energy Market, By Applications

  • Oil and Gas
  • Coal Mining
  • Smart Grid

Internet of Things (IoT) in Energy Market, By Company

  • ABB
  • Aclara
  • Actility
  • Agt International
  • Altair Engineering
  • Bosch
  • Cisco
  • Davra Networks
  • Flutura
  • HCL
  • IBM
  • Infosys
  • Intel
  • Rockwell Automation
  • Sap
  • Schneider Electric
  • Siemens
  • Smartgas

License Options

  • Single 1500 USD
  • Multiple 3000 USD