IoT in Utilities Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global Internet of Things (IoT) in utility market size is expected to grow from $28.6 billion in 2019 to $53.8 billion in 2024 with an average annual growth rate (CAGR) of 13% over the forecast period. The emergence of IoT in the utility sector is expected to help reduce and advance the challenges facing the utility sector. Applying IoT to utilities improves efficiency, generates revenue, and conserves corporate resources. IoT sensors optimize the generation and distribution of energy and water resources, helping utility providers respond to growing consumer demand for utilities such as water, gas and electricity. Additionally, IoT sensors can improve workplace safety for oil and gas workers.

IoT in Utilities Market Segments:

By Component:

• Platform
• Solutions
• Services

By Solution:

• Asset Monitoring Management
• Safety and Security
• Supervisiory Control and Data Acquisition (SCADA)
• Workforce Management
• Network Management
• Customer Information System (CIS) and Billing System

By Service:

• Consulting
• Integration and Deployment
• Support and Maintenance

By Application:

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

Key Market Players

• Silver Spring Networks, Inc.
• Trilliant, Inc.
• OSI Soft Inc.
• C3 Energy
• Energyworx B.V.
• Cryptosoft
• Tibbo Technology Inc.
• Amplia Soluciones S.L.
• WAVIoT
• Grid4C

Reasons to Buying From us –

• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by IoT in Utilities Market Report

• What was the IoT in Utilities Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of IoT in Utilities Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the IoT in Utilities Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.