Internet of Things in Energy Sector: Facing Challenges to Develop New Business Models


Posted July 18, 2018 by Steveblade

According to Goldstein Research, rapid urbanization bolstered the power requirement and to provide sustainable and efficient power supply, IoT technology is playing an important role

 
According to Goldstein Research, rapid urbanization bolstered the power requirement and to provide sustainable and efficient power supply, IoT technology is playing an important role. It is estimated that by 2020 more than 5.4 million IoT sensors, devices & systems will be implemented on oil extraction sites to track and measure environmental performance and efficient productivity. Further, concept of smart cities is boosting the growth of IoT in energy sector by ensuring the efficient usage of electricity, to self-heal the faults, to conserve energy and for the safety of consumers. Global IoT in Energy Sector market outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for significant expansion of business in developed and as well as in developing countries across the globe.
Browse Full Report: https://www.goldsteinresearch.com/report/global-iot-in-energy-sector-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
Market Segmentation
On the basis of our in-depth analysis, global IoT in Energy Sector market can be segmented as follows:
By Components
Software
Hardware
By Applications
• Predictive Maintenance
• Security
• Connected Logistic
• Compliance and Risk Management
• Energy Analytics
• Intelligent Energy Management
• Mobile Workforce Management
• Field Surveillance and Monitoring
By End Users
• Oil & Gas Sector
• Mining Sector
• Power Sector
By Geography
• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion) }
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion) }
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion) }
“Global IoT in Energy Sector Market Outlook 2024” contains detailed overview of the global IoT in Energy Sector market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by components, by applications and by end users.
Further, for the in-depth analysis, Global IoT in Energy Sector Market Analysis encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Intel Corporation, Alcatel-Lucent, SAP Se, General Electric, Cisco Systems Inc., Microsoft etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global IoT in Energy Sector market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Key questions answered in this Global IoT in Energy Sector Report
• What is the global IoT in Energy Sector market Size by 2024 and what would be the expected growth rate of the industry?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per
• What are the IoT in Energy Sector market trends?
• What are the factors which are driving this industry?
• What are the major barriers to IoT in Energy Sector industry growth?
• Who are the key vendors in this industry space?
• What are the industry opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on Energy Resources industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
Contact us for more details
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
[email protected]
www.goldsteinresearch.com
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Issued By Steve Blade
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Categories Reports
Last Updated July 18, 2018