The North America IoT in energy & utility application market is set to project a CAGR of 9.77% during the forecast period, 2022-2030, and is predicted to be valued at $20386.08 million in revenue by 2030.
NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2022-2030
North America IoT in Energy & Utility Application Market by Connectivity (Non-cellular, Cellular) Market by End-user (Utility Gas Management, Oil & Gas, Electricity Grid & Supply Management, Water Management, Mining) Market by Component (Hardware, Services, Software) By Geography
The North America IoT in energy & utility application market is set to project a CAGR of 9.77% during the forecast period, 2022-2030, and is predicted to be valued at $20386.08 million in revenue by 2030.
In North America, the growing energy demand is the main driver for IoT. The production of energy is also increasing in the region, and to maintain the flow and production, IoT is required. The growing demand and supply cycle of energy & its utility is growing in the region. The majority of the energy sector IoT projects are applications-oriented toward demand. In addition, IoT brings numerous benefits to the entire value chain, optimizing all phases and communicating between them.
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The North America IoT in energy & utility application market growth evaluation includes the analysis of United States and Canada. The United States plays a very important role in the energy & utility sector. Besides a large amount of consumption, it is becoming self-sufficient in production. The growing demand for energy & utility applications in technology, households, electric vehicles, industry, weaponry, petroleum vehicles, and other sectors is driving the demand for IoT applications in the country. In addition, IoT applications in renewable energy production in the USA have increased rapidly and involve sensors attached to distribution, generation, and transmission equipment. Therefore, IoT implementation will help utilize these clean energy sources optimally during the forecast period.
The North America IoT in energy & utility application market segmentation analysis includes connectivity, end-user, and component. Market by end-user can be sub-segmented into utility gas management, oil and gas, water management, electricity grid and supply management, and mining.
A smart gas utility system improves operations and can be life-saving. Further, safety is a major concern as leaks from gas appliances, gas line piping, etc., can be devastating. With IoT-connected solutions, homeowners, city officials, and building operators can instantly be alerted to methane leaks. With early detection monitoring capabilities, these devices can minimize potential environmental and personal harm caused by gas leaks. The market is witnessing strong growth in all geographical regions, even in emerging countries with slow technology adoption. Further, strong growth is expected in all technology verticals, presenting opportunities for IoT solutions and service providers.
Furthermore, IoT in the oil and gas industry enables real-time equipment, fleet, environmental conditions monitoring, and better transparency and control over processes. It also allows for on-demand equipment maintenance and optimizes related costs and effort. Moreover, IoT ensures better safety and transfers risky on-site operations to robots and UAVs. It also introduces automation, including automated leakage and breakage control.
Leading players in the North America IoT in energy & utility application market include Oracle Corp, Capgemini SE, IBM, etc.
Oracle Corporation provides a comprehensive and fully integrated stack of platform services, engineered systems, and cloud applications. The company offers computer hardware software and products and services, including middleware and database software, cloud infrastructure, application software, hardware systems such as storage, computer servers, networking products, and related support and services. The company has its operations across the Middle East, the Americas, Europe, and Asia-Pacific. The company is headquartered in Redwood Shores, California, the United States.
One of its most popular tools, Oracle Utilities Analytics, provides prebuilt extractors and schema for Oracle utility applications. It delivers a rich set of graphics, mapping, and mash-up tools. The product also offers near real-time analytics and enables analytic depth and breadth at a fraction of the cost. Further, it is built on Oracle Business Intelligence, the leading enterprise platform.
REPORT SYNOPSIS
| Report Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Component, End-User, Connectivity |
| Countries Analyzed | United States and Canada |
| Companies Analyzed | ABB Ltd, Aclara Technologies LLC, BuildingIQ INC, Capgemini SE, Cisco Systems INC, Eaton Corporation PLC, General Electric Company, Infosys Limited, International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, SAS Institute INC, Schneider Electric SE, Siemens Aktiengesellschaft, Teradata Corporation, Wipro Limited |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- INCREASING CONSUMPTION AND DEMAND FOR ENERGY GENERATION
- EMPHASIS ON A GREENER ENVIRONMENT IS RAISING DEMAND FOR ENERGY & UTILITY ANALYTICS
- GROWING CONSUMER FOCUS ON ENERGY CONSUMPTION PATTERN ANALYSIS
- IMPROVEMENT IN THE OPERATIONS OF THE OIL & GAS INDUSTRY
- DECLINE IN PRICES OF IOT COMPONENTS AND AVAILABILITY OF NEXT-GENERATION SENSORS
- DEMAND FOR AUTOMATION TOOLS IN ENERGY MANAGEMENT
- KEY RESTRAINTS
- HIGH CAPITAL INVESTMENT IS REQUIRED FOR THE DEPLOYMENT
- LACK OF SKILLED EMPLOYEES
- SECURITY CONCERNS
- INTEGRATION OF IOT WITH SUBSYSTEMS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON IOT IN ENERGY & UTILITY APPLICATION MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- KEY BUYING CRITERIA
- MODE OF DEPLOYMENT
- PRICE
- APPLICATION
- MARKET BY CONNECTIVITY
- NON-CELLULAR
- CELLULAR
- MARKET BY END-USER
- UTILITY GAS MANAGEMENT
- OIL & GAS
- ELECTRICITY GRID & SUPPLY MANAGEMENT
- WATER MANAGEMENT
- MINING
- MARKET BY COMPONENT
- HARDWARE
- SENSORS
- DEVICES
- OTHER HARDWARE COMPONENTS
- SERVICES
- DEPLOYMENT AND INTEGRATION
- SUPPORT AND MAINTENANCE
- PROFESSIONAL SERVICES
- SOFTWARE
- ANALYTICS
- GRID MANAGEMENT
- OPERATIONAL CONTROL
- WATER MANAGEMENT
- SECURITY
- HARDWARE
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- ABB LTD
- ACLARA TECHNOLOGIES LLC
- BUILDINGIQ INC
- CAPGEMINI SE
- CISCO SYSTEMS INC
- EATON CORPORATION PLC
- GENERAL ELECTRIC COMPANY
- INFOSYS LIMITED
- INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
- ORACLE CORPORATION
- SAP SE
- SAS INSTITUTE INC
- SCHNEIDER ELECTRIC SE
- SIEMENS AKTIENGESELLSCHAFT
- TERADATA CORPORATION
- WIPRO LIMITED
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – IOT IN ENERGY & UTILITY APPLICATION
TABLE 2: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 12: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 14: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 15: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 16: LEADING PLAYERS OPERATING IN NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET
TABLE 17: LIST OF MERGERS & ACQUISITIONS
TABLE 18: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 19: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 20: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY CONNECTIVITY, IN 2021
FIGURE 8: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2022-2030 (IN $ MILLION)
FIGURE 9: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2022-2030 (IN $ MILLION)
FIGURE 10: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 11: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 12: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS, 2022-2030 (IN $ MILLION)
FIGURE 13: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ELECTRICITY GRID & SUPPLY MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 14: IOT IN SMART ELECTRICITY GRID WORKING MODEL
FIGURE 15: APPLICATION OF IOT IN ELECTRIC SUPPLY MANAGEMENT
FIGURE 16: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 17: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2022-2030 (IN $ MILLION)
FIGURE 18: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 19: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 20: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 21: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2022-2030 (IN $ MILLION)
FIGURE 22: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2022-2030 (IN $ MILLION)
FIGURE 23: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2030 (IN $ MILLION)
FIGURE 24: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)
FIGURE 25: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SERVICES, IN 2021
FIGURE 26: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT AND INTEGRATION, 2022-2030 (IN $ MILLION)
FIGURE 27: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT AND MAINTENANCE, 2022-2030 (IN $ MILLION)
FIGURE 28: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL SERVICES, 2022-2030 (IN $ MILLION)
FIGURE 29: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION/BILLION)
FIGURE 30: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2021
FIGURE 31: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2022-2030 (IN $ MILLION)
FIGURE 32: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 33: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL, 2022-2030 (IN $ MILLION)
FIGURE 34: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 35: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2022-2030 (IN $ MILLION)
FIGURE 36: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 37: NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 38: UNITED STATES IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 39: CANADA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY CONNECTIVITY
- NON-CELLULAR
- CELLULAR
- MARKET BY END-USER
- UTILITY GAS MANAGEMENT
- OIL & GAS
- ELECTRICITY GRID & SUPPLY MANAGEMENT
- WATER MANAGEMENT
- MINING
- MARKET BY COMPONENT
- HARDWARE
- SENSORS
- DEVICES
- OTHER HARDWARE COMPONENTS
- SERVICES
- DEPLOYMENT AND INTEGRATION
- SUPPORT AND MAINTENANCE
- PROFESSIONAL SERVICES
- SOFTWARE
- ANALYTICS
- GRID MANAGEMENT
- OPERATIONAL CONTROL
- WATER MANAGEMENT
- SECURITY
- HARDWARE
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.