According to Goldstein Research, global IoT in energy sector is expected to reach USD 23.0 billion by the end of 2024 from USD 7.3 billion in 2016, growing at a CAGR of 17.8%. To reduce the challenges and to improve the efficiency of energy sector companies are driven to implement internet of things (IOT) to change the way energy is consumed, generated, transmitted and distributed for the connected-era. Global IoT in energy sector segmentation has been done on the basis of components, application, end-users and geography. The concept of smart cities boosting the growth of IoT in the 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 industry is dominated by Asia-Pacific region, with China dominating the region with more than 16% market share in global IoT in energy sector closely followed by Japan with 6% market share. APAC is closely followed by North America with 22% revenue share in 2016.

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Market Segmentation

On the basis of our in-depth analysis, Global IoT in Energy Sector can be segmented as follows:

By Components

o Software
o Hardware

By Applications

o Predictive Maintenance
o Security
o Connected Logistic
o Compliance and Risk Management
o Energy Analytics
o Intelligent Energy Management
o Mobile Workforce Management
o Field Surveillance and Monitoring

By End Users

o Oil & Gas Sector
o Mining Sector
o Power Sector
On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“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, applications and end-users.

Further, for the in-depth analysis, Global IoT in Energy Sector Market Report 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, Hewlett-Packard, IBM, Accenture PLC, Symboticware, Inc., Wind River Systems, Inc., 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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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 industry analysis reports provide in-depth analysis of global and regional variations along with competitors’ overview.
Our analysts working on energy sector analysis 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.


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