IoT in Utility 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 at an annual average of 12% during 2021-2027. The Utility’s Internet of Things (IoT) is expected to reduce the challenges faced by the utility department and boost progress. Using IoT in utilities can increase efficiency, generate revenue, and save enterprise resources. IoT sensors, on the other hand, optimize water and energy generation and distribution, helping utility providers sustain the growing demand for utilities, including gas, electricity, and water from consumers.  

The following Segmentation are covered in this report:

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

Scope of the Report

The research study analyses the global Internet of Things (IoT) in Utility industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

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

Geographic Coverage

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

Key Questions Answered by Internet of Things (IoT) in Utility Market Report

• What was the Internet of Things (IoT) in Utility Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Internet of Things (IoT) in Utility Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Internet of Things (IoT) in Utility Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.