World IoT in Energy & Utility Application Market to See Exponential Growth to 2026, Forecasts Inkwood Research in New Report Added at MarketPublishers25 Jan 2018 • by Natalie Aster
LONDON – In the previous year, the world’s IoT in energy and utility application market exceeded USD 20.77 billion in value terms. Over 2018-2026, this market is expected to grow at an exponential CAGR of 22.41% to go beyond the USD 128.22 billion mark.
Amid all regions, North America takes lead in the world’s IoT in energy and utility application market. In 2017, this regional market generated the highest revenues, furthermore, it is poised to maintain the dominant position in the global market in the foreseeable future. the US ranks the main contributor to the North American IoT in energy and utility application market growth. In 2016, the country accounted for a 32.88% share of the regional market.
Through to 2026, the highest growth rates worldwide are anticipated in the APAC IoT in energy and utility application market. By 2026, this regional market is predicted to expand its share to 20% of the world’s market. The oil & gas industry is the leading end-use segment in the region.
The cutting-edge research report “GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2018-2026” elaborated by Inkwood Research offers a 360-degree view of the world’s IoT in energy and utility application market covering all its major aspects.
This report includes vital, reliable info on the historical background of the market, describes the current situation, traces light on the market dynamics, reviews the major growth influencing factors and identifies emerging trends and opportunities. Besides, this study covers the competitive environment, profiles the leading companies, delves deep into the key market segments, discloses the most updated data on the market size, shares, growth rates, etc. This publication presents a snapshot of the most important developments, contains Porter’s 5 forces analysis, and gives future forecasts through to 2026.
Many other new research reports by Inkwood Research are at hand in the publisher’s online catalogue at MarketPublishers.com.