IoT in Utilities Market Analysis by Size, Share, Opportunities, Revenue, Future Scope and Forecast 2029

[Akash Ra]

IoT in Utilities Market Overview:

The IoT in Utilities Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the IoT in Utilities Market, as well as the causes for variances in the industry’s growth in different regions.

The IoT in Utilities Market value is projected to reach US$ 101.34 billion at the end of the forecast period and it is expected to grow at the CAGR of 13.5%.

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Market Scope:

Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

Segmentation:

by Component

• Platform
• Solutions
• Asset Monitoring Management
• Safety and Security
• Supervisory Control and Data Acquisition (SCADA)
• Workforce Management
• Network Management
• Customer Information System (CIS) and Billing System
• Services
• Consulting
• Integration and Deployment
• Support and Maintenance

by Technology

• Sensors
• RFID
• Connectivity Technology

by Application

• Water and Wastewater Management
• Gas Management
• Electricity Grid Management

By 2029, it is anticipated that the electrical grid management segment will hold the biggest market share. For effective power management and distribution, the electrical grid provides services to homes, businesses, and infrastructure. Municipalities are implementing electric grid technology to improve electricity usage and give customers better customer service. The majority of the utilities companies are owned by the government.

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Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

IoT in Utilities Market, Key Players are:

• IBM
• Oracle
• Verizon
• Cisco
• Telit
• Landis Gyr
• Itron
• Schneider Electric
• Huawei
• Trimble
• Aclara
• Trilliant
• Energyworx
• HCL
• Altair
• Actility
• Waviot
• Rayven
• Saviant Consulting
• ABB
• Siemens
• Honeywell
• GE
• GSMA
• SAS
• Comcast Corporation
• Ericsson
• Fujitsu
• Sierra Wireless
• AT&T
• Sprint
• Carina Technology
• Hunt Power
• Juniper Networks
• Silicon Labs
• Tantalus Systems
• GridPoint

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Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the IoT in Utilities Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on IoT in Utilities Market:

End-user industries where IoT in Utilities Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for IoT in Utilities Market manufacturers, influencing the development of the IoT in Utilities Market in 2020. End-user business demand for IoT in Utilities Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.

Key Questions Answered in the IoT in Utilities Market Report are:

In 2021, which segment held the highest proportion of the IoT in Utilities Market?
What is the IoT in Utilities Market’s competitive landscape?
What are the primary drivers assisting the IoT in Utilities Market growth?
Which region has the most market share in the IoT in Utilities Market?
What will be the IoT in Utilities Market’s CAGR throughout the projected period?
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