Internet of Things (IoT) Energy Market Size, Share & Forecast To 2025

Posted June 23, 2020 by rishabh3210

Internet of Things (IoT) Energy Market Size, Share & Forecast To 2025Internet of Things (IoT) Energy Market Size, Share & Forecast To 2025
The Internet of Things (IoT) energy market is anticipated to grow at a significant rate during the forecast period. IoT technology has been witnessing rising implementation in numerous end-user industries across the globe. The growing usage of IoT in the energy and utility sector for management of the infrastructures that provide essential community services including water, gas, and electricity is a major factor to drive the growth of the global IoT energy market. The application of IoT solutions and services offers energy and utility firms to take real-time information and connection with the end-point devices to capture data for further analysis. These firms are using these services to enhance their operational efficiency, reduce their maintenance costs, and to eliminate the energy trading risk factors.

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Moreover, IoT is being used in creating innovative grids that are expected to create profits for energy companies and customers. The IoT smart grids integrate the networking and computational ability and offer a flawless energy distribution and transmission. IoT integration services play a crucial role in the management and integration of complex and heterogeneous components that are used in the smart utilities. These services improve productivity in the field of energy and utilities. Therefore, the energy and utility application of IoT is gaining higher traction as many firms in this sector are adopting smart energy management systems and smart grid sensors to monitor and offer real-time insights.

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IoT integration services enable the integration and management of the smart grid sensors that are used in the field of smart utilities. The utility of this service or solution ensures effective and efficient transmission of electricity. Improved security, reduced operations cost, reduced peak demand, and better integration of power generation systems are the other benefits offered by these services. In the production phase, these services ensure the right integration and deployment of required technology to improve operational efficiency. The growing application of IoT integration service is expected to drive the growth of the global IoT energy market.

Current Market Trends covered in the market report

Shifting of the service-centric population to server-centric population
North America held the major share in the cloud infrastructure service market
Rising data security, privacy concerns with a lack of interconnectivity interoperability are the major factor to restrain the market growth
Increasing spending on IoT in the oil and gas sector is expected to be a major opportunity for the market

Internet of Things (IoT) Energy Market Segmentation

By Solution Type

Asset Maintenance
Connected Logistics
Monitoring and Management
IoT Analytics

By End-User

Oil & Gas

Internet of Things (IoT) Energy Market – Segment by Region

North America



Rest of Europe


Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

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Tags internet of things iot energy market size , share forecast to 2025
Last Updated June 23, 2020