GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2018-2026

  • You are here:
  • Home
  • Reports
  • GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2018-2026

GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2018-2026

 Global IoT in Energy & Utility Application market is estimated to grow by approx.22.50% CAGR during the year 2018 – 2026. The base year considered for the study is 2017 and forecast period is 2018-2026. The following factors primarily drive the global IoT in Energy & Utility Application market: Demand to increase operational efficiency. Increasing consumption and demand for energy generation. Growing regulations to improve the working environment

GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2018-2026

Global IoT in Energy & Utility Application Market Is Segmented by Technology(Hardware, Services, Software, Connectivity)  by End-user(Oil and Gas, Utility Gas Management, Electricity Grid and Supply Management, Mining, Water Management) by Connectivity (Non-cellular, Cellular) & by Geography

Request free sample

Global IoT in Energy & Utility Application market is estimated to grow with approx.22.50% CAGR during the year 2018 – 2026. The base year considered for the study is 2017 and forecast period is 2018-2026. The following factors primarily drive the global IoT in Energy & Utility Application market:

  • Demand to increase operational efficiency
  • Increasing consumption and demand for energy generation
  • Growing regulations to improve the working environment
  • Need to provide better services to the customer
  • Decline in prices of IoT components and availability of next-generation sensors

Global IoT in Energy & Utility Application Market

To learn more about this report, request a free sample copy

The important driver increasing growth in the global IoT in Energy & Utility Application Market is the demand to increase the operational efficiency. With increasing competition in the market, the energy and utility companies experience a pressure to minimize the output prices. This negatively impacts their operational profit. As a result, the companies are looking at methods to reduce operational cost while increasing their efficiency.

IoT applications in the oil and gas space include operational efficiency improvement, risk reduction, remote monitoring, etc. Major drivers of IoT technology are new and stricter regulations and the effects of reduced profit margins. The oil and gas producers and distributing companies face strict regulations and often increase spending to comply with regulations. Further, these companies also get affected by the impact of competition from renewable energy sources. These large oil and gas companies often lack the technical expertise to build in-house IoT infrastructure, which would boost the market for IoT spending. Further, the IoT applications’ greatest benefit would be the exchange of data between upstream and midstream companies, which can improve the production and transmission efficiency and result in lower costs.  The oil and gas sector is expected to keep its top position in coming years. Demand from the sector will be boosted by oil and gas companies in emerging regions as they increasingly adopt IoT infrastructure.

IoT security concern and lack of standards are the major factors hindering the IoT in Energy & Utility Application market. A key and important aspect of IoT is security. Since implementing IoT means all the devices are connected, this increases the security risk exponentially and necessitates special measures. Security risks and uncertainty is identified as one of the major restraint faced by the IoT market in all sectors, including energy and utilities. As the IoT installed base are expected to increase significantly in the coming years, the security risk along with a rise in complexity is expected to increase as well. The attackers now do not target the device owners. Instead, they simply use IoT devices as starting points for attacks directed against targets and complete infrastructure.

The Global IoT in Energy & Utility Application market segments includes technology, connectivity, and end user.

Technology is segmented into:

  • Hardware
  • Services
  • Software
  • Connectivity

Connectivity is segmented into:

  • Non-cellular
  • Cellular

End –users are segmented into:

  • Oil and Gas
  • Utility gas management
  • Electricity grid and supply management
  • Mining
  • Water Management

The report scope is widely categorized on the basis of its components which include software, hardware, and services. Moreover, the market revenue estimates and forecast includes only IoT in Energy & Utility Application systems and exclude the application of IoT in other sectors.

Geographically, the global IoT in Energy & Utility Application market has been segmented on the basis of four major regions, which includes:

North America is anticipated to account for the largest market share during the forecast period. Oil and gas end users accounted for a majority of the North American market. North America has a very large and technologically mature oil and gas industry and hence has the presence of a large IoT market. Furthermore, many IoT and technology companies are located in this region, and coupled with frequent technological changes and innovations, have led to significant growth in the market. In North America, while the U.S. is expected to witness a strong growth, Canada’s slightly slower-than-average market growth is also expected to be in line with the global average. This means that North America region’s share of the global market will remain unchanged throughout the forecast period. On the other hand, APAC is the strongest growing market and is expected to see an increase in its market share by the end of the forecast period. This region is growing and represents strong opportunities for all stakeholders.

The IoT in Energy & Utility Application Market is segmented based on technology which is sub-divided into hardware, services, software, and connectivity; and is also segmented on the basis of end-users which are sub-divided into oil and gas, utility gas management, electricity grid and supply management, mining, and water management.  This market segmentation on the basis of connectivity includes cellular and non-cellular.

The major market players of the global IoT in Energy & Utility Application market are:

  • ACLARA TECHNOLOGIES
  • CISCO SYSTEMS INC
  • GENERAL ELECTRIC CORP
  • HONEYWELL INTERNATIONAL INC
  • IBM CORP
  • OTHERS

Company Profiles covers analysis of important players

These companies are using organic and inorganic strategies for their growth. For instance, Aclara, a leading supplier of smart infrastructure solutions (SIS) to electric, gas and water utilities worldwide, acquired GE’s majority equity position in General Electric Philippines Meter & Instrument Co., Inc. (GEPMICI) in August 2017. GEPMICI is a joint venture between GE and Manila Electric Company (Meralco), the largest electric distribution company in the Philippines. As a result of the acquisition, Aclara will own a majority equity position in GEPMICI, which has offices in Taguig City, Metro Manila, the Philippines, and also supplies electric solutions in other ASEAN member countries. In July 2017, General Electric (GE) acquired Baker Hughes. This transaction combines GE’s oil and gas business with Baker Hughes. The new company is the first and only to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development.

Key Findings of the Global IoT in Energy & Utility Application market.

  • Demand to increase operational efficiency and decline in prices of IoT components, coupled with the availability of next-generation sensors is fueling the growth in global IoT in Energy & Utility Application market.
  • North America is anticipated to account for the largest revenue share in 2017.
  • Oil and gas segment dominates the IoT in Energy & Utility Application market by end-users
  • Increasing government support
  • Product launch is the key strategy adopted by the various market players of the global IoT in Energy & Utility Application market.
  • Hardware sector is a major segment of technology.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • DEVELOPMENT OF SMART METERS
      • EXPONENTIAL GROWTH OF NONTRADITIONAL IOT AND TECHNOLOGY COMPANIES
      • PROACTIVE BENEFITS OF IOT DATA
  1. MARKET DYNAMICS
    • MARKET DEFINITION
    • DRIVERS
      • DEMAND TO INCREASE OPERATIONAL EFFICIENCY
      • INCREASING CONSUMPTION AND DEMAND FOR ENERGY GENERATION
      • GROWING REGULATIONS TO IMPROVE THE WORKING ENVIRONMENT
      • NEED TO PROVIDE BETTER SERVICES TO THE CUSTOMER
      • DECLINE IN PRICES OF IOT COMPONENTS AND AN AVAILABILITY OF NEXT-GENERATION SENSORS
    • RESTRAINTS
      • IOT SECURITY – A MAJOR RESTRAINT
      • LACK OF STANDARDS
    • OPPORTUNITIES
      • INCREASED SCOPE FOR MERGERS AND ACQUISITIONS
      • GLOBAL EXPANSION
      • INCREASING INVESTMENTS AND FUNDING
    • CHALLENGES
      • LACK OF SKILLED WORKFORCE
      • CUT THROAT COMPETITION
      • UNORGANIZED COMPANIES
  1. MARKET BY TECHNOLOGY
    • HARDWARE
      • DEVICES
      • SENSORS
      • OTHERS
    • SERVICES
      • DEPLOYMENT AND INTEGRATION
      • SUPPORT AND MAINTENANCE
      • PROFESSIONAL SERVICES
    • SOFTWARE
      • OPERATIONAL CONTROL
      • ANALYTICS
      • SECURITY
      • GRID MANAGEMENT
      • OTHERS
    • CONNECTIVITY
      • SHORT-RANGE TECHNOLOGY
      • CELLULAR
      • LOW POWER WIDE AREA (LPWA)
      • OTHERS
  1. MARKET BY END-USER
    • OIL AND GAS
    • UTILITY GAS MANAGEMENT
    • ELECTRICITY GRID AND SUPPLY MANAGEMENT
    • MINING
    • WATER MANAGEMENT
  2. MARKET BY CONNECTIVITY
    • NON-CELLULAR
    • CELLULAR
  3. KEY ANALYTICS
    • PORTER’S 5 FORCE ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • GERMANY
      • UK
      • FRANCE
      • ITALY
      • SPAIN
      • ROE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • MIDDLE EAST AND AFRICA
        • UAE
        • SAUDI ARABIA
        • QATAR
      • SOUTH AMERICA
  1. COMPANY PROFILES
    • ACLARA TECHNOLOGIES
    • AMPLIA SOLUCIONES S.L
    • C3 INC
    • CARRIOTSL
    • CISCO SYSTEMS INC
    • DAVRA NETWORKS LIMITED
    • ENERGYWORX B.V.
    • GENERAL ELECTRIC CORP.
    • GRID4C
    • HONEYWELL INTERNATIONAL INC
    • IBM CORP
    • NETWORKED ENERGY SERVICES (NES) CORP
    • NORTHWEST ANALYTICS INC
    • OSISOFT LLC
    • QUALCOMM INCORPORATED
    • ROBERT BOSCH GMBH
    • SAP SE
    • SILVER SPRING NETWORKS INC
    • SYMBOTICWARE INC
    • TERADATA CORP
    • TRILLIANT INCORPORATED
    • WAVIOT

 

LIST OF TABLES

TABLE 1 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 2 IMPORTANT ACQUISITIONS IN THE GLOBAL IOT IN THE ENERGY & UTILITIES APPLICATION MARKET

TABLE 3 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET BY TECHNOLOGY 2018-2026 ($ MILLION)

TABLE 4 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET IN HARDWARE SECTOR BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 5 GLOBAL HARDWARE MARKET BY TYPE 2018-2026 ($ MILLION)

TABLE 6 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET IN SERVICES SECTOR BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 7 GLOBAL SERVICES MARKET BY TYPE 2018-2026 ($ MILLION)

TABLE 8 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET IN SOFTWARE SECTOR BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 9 GLOBAL SOFTWARE MARKET BY TYPE 2018-2026 ($ MILLION)

TABLE 10 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET IN CONNECTIVITY SECTOR BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 11 GLOBAL CONNECTIVITY MARKET BY TYPE 2018-2026 ($ MILLION)

TABLE 12 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET BY END-USERS 2018-2026 ($ MILLION)

TABLE 13 GLOBAL OIL AND GAS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 14 GLOBAL UTILITY GAS MANAGEMENT MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 15 GLOBAL ELECTRICITY GRID AND SUPPLY MANAGEMENT MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 16 GLOBAL MINING MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 17 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET BY CONNECTIVITY 2018-2026 ($ MILLION)

TABLE 18 GLOBAL NON-CELLULAR MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 19 GLOBAL CELLULAR MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 20 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 21 NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 22 EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 23 ASIA PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 24 REST OF WORLD IOT IN ENERGY & UTILITY APPLICATION MARKET BY COUNTRY 2018-2026 ($ MILLION)

TABLE 25 MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET BY COUNTRY 2018-2026 ($ MILLION)

LIST OF FIGURE

FIGURE 1 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET BY END-USERS 2018-2026 ($ MILLION)

FIGURE 2 EVOLUTION OF INTERNET OF THINGS

FIGURE 3 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET IN HARDWARE SECTOR 2018-2026 ($ MILLION)

FIGURE 4 GLOBAL DEVICES MARKET 2018-2026 ($ MILLION)

FIGURE 5 GLOBAL SENSORS MARKET 2018-2026 ($ MILLION)

FIGURE 6 GLOBAL OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 7 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET IN SERVICES MARKET 2018-2026 ($ MILLION)

FIGURE 8 GLOBAL DEPLOYMENT AND INTEGRATION MARKET 2018-2026 ($ MILLION)

FIGURE 9 GLOBAL SUPPORT AND MAINTENANCE MARKET 2018-2026 ($ MILLION)

FIGURE 10 GLOBAL PROFESSIONAL SERVICES MARKET 2018-2026 ($ MILLION)

FIGURE 11 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET IN SOFTWARE SECTOR 2018-2026 ($ MILLION)

FIGURE 12 GLOBAL OPERATIONAL CONTROL MARKET 2018-2026 ($ MILLION)

FIGURE 13 GLOBAL ANALYTICS MARKET 2018-2026 ($ MILLION)

FIGURE 14 GLOBAL SECURITY MARKET 2018-2026 ($ MILLION)

FIGURE 15 GLOBAL GRID MANAGEMENT MARKET 2018-2026 ($ MILLION)

FIGURE 16 GLOBAL OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 17 GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET IN CONNECTIVITY SECTOR 2018-2026 ($ MILLION)

FIGURE 18 GLOBAL SHORT-RANGE TECHNOLOGY MARKET 2018-2026 ($ MILLION)

FIGURE 19 GLOBAL CELLULAR MARKET 2018-2026 ($ MILLION)

FIGURE 20 GLOBAL LOW POWER WIDE AREA (LPWA) MARKET 2018-2026 ($ MILLION)

FIGURE 21 GLOBAL OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 22 GLOBAL OIL AND GAS MARKET 2018-2026 (2018-2026)

FIGURE 23 GLOBAL UTILITY GAS MANAGEMENT MARKET 2018-2026 ($ MILLION)

FIGURE 24 GLOBAL ELECTRICITY GRID AND SUPPLY MANAGEMENT MARKET 2018-2026 ($ MILLION)

FIGURE 25 GLOBAL MINING MARKET 2018-2026 ($ MILLION)

FIGURE 26 GLOBAL WATER MANAGEMENT MARKET 2018-2026 ($ MILLION)

FIGURE 27 GLOBAL NON-CELLULAR MARKET 2018-2026 ($ MILLION)

FIGURE 28 GLOBAL CELLULAR MARKET 2018-2026 ($ MILLION)

FIGURE 29 US IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 30 CANADA IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 31 GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 32 UK IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 33 FRANCE IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 34 ITALY IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 35 SPAIN IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 36 ROE IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 37 CHINA IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 38 JAPAN IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 39 SOUTH KOREA IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 40 INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 41 AUSTRALIA IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 42 REST OF ASIA PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 43 MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 44 UAE IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 45 SAUDI ARABIA IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 46 QATAR IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

FIGURE 47 SOUTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2018-2026 ($ MILLION)

  1. MARKET BY TECHNOLOGY
    • HARDWARE
      • DEVICES
      • SENSORS
      • OTHERS
    • SERVICES
      • DEPLOYMENT AND INTEGRATION
      • SUPPORT AND MAINTENANCE
      • PROFESSIONAL SERVICES
    • SOFTWARE
      • OPERATIONAL CONTROL
      • ANALYTICS
      • SECURITY
      • GRID MANAGEMENT
      • OTHERS
    • CONNECTIVITY
      • SHORT-RANGE TECHNOLOGY
      • CELLULAR
      • LOW POWER WIDE AREA (LPWA)
      • OTHERS
  1. MARKET BY END-USER
    • OIL AND GAS
    • UTILITY GAS MANAGEMENT
    • ELECTRICITY GRID AND SUPPLY MANAGEMENT
    • MINING
    • WATER MANAGEMENT
  2. MARKET BY CONNECTIVITY
    • NON-CELLULAR
    • CELLULAR
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • GERMANY
      • UK
      • FRANCE
      • ITALY
      • SPAIN
      • ROE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • MIDDLE EAST AND AFRICA
        • UAE
        • SAUDI ARABIA
        • QATAR
      • SOUTH AMERICA

To request a free sample copy of this report, please complete the form below :

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

Choose License Type

Buy Now