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Global IoT Energy Management Market Size study & Forecast, by Component (Solution/Platform/System, Services), by Application (Smart Cities, Smart Utilities, Industrial IoT), by End User (Commercial, Industrial) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: GA6C6049A166EN
Bizwit Research & Consulting LLP

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Global IoT Energy Management Market is valued at approximately USD 61.02 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.8% during the forecast period 2023-2030. IoT Energy Management is an application of Internet of Things (IoT) technologies to optimize the monitoring, control, and efficiency of energy consumption in various systems. This approach leverages interconnected devices, sensors, and actuators to collect real-time data on energy usage, enabling better decision-making and resource allocation. In the context of buildings, industries, and smart grids, IoT Energy Management systems can provide insights into energy patterns, identify areas of inefficiency, and automate adjustments to reduce consumption. The IoT Energy Management Market is expanding because of factors such as a surge in the implementation of smart grids and smart meters, increasing adoption of renewable energy and rising development of smart cities.

The rising development of smart cities is significantly driving the growth of the IoT Energy Management Market by integrating advanced technologies to enhance urban sustainability and efficiency. As cities worldwide grapple with increasing populations and urbanization, the demand for intelligent solutions to manage resources, including energy, becomes imperative. Smart cities leverage IoT Energy Management systems to monitor, analyze, and optimize energy consumption across various sectors, such as transportation, buildings, and utilities. The Organization for Economic Co-operation and Development (OECD) forecasts that global investments in smart city initiatives would reach approximately USD 1.8 trillion by year 2030, covering a diverse range of urban infrastructure projects. Statista reports that technology spending on smart city initiatives worldwide was USD 104.3 billion in 2019, escalating to USD 158 billion in 2022 and reached to USD 189.5 billion in year 2023. Thus, rising spending on the development of smart cities across the world is driving the market growth. In addition, the rising adoption of cloud-based real-time energy management systems for energy consumption and growing awareness of environmental sustainability are creating new opportunities for market growth. However, the high initial cost associated with system installation and post-maintenance services stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global IoT Energy Management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. The region stands as the global leader in the SMART METER MARKET, boasting approximately 1.6 billion electricity and gas customers. Moreover, China in the Asia Pacific region has emerged as a key proponent of smart meters, extensively deploying them to enhance energy efficiency. The International Energy Agency (IEA) reports China's ambitious plan to invest over USD 442 billion between 2021 and 2025 in the modernization and expansion of its power grid infrastructure. Additionally, the Indian government aims to introduce approximately 250 million smart meters nationwide by 2025/2026. To achieve this target, established players wouldbe contracted for the deployment of smart meters in multiple cities. Consequently, the substantial emphasis on implementing IoT energy management systems across various countries in the region is poised to drive market growth. North America is expected to grow at the fastest rate over the forecast period. With the United States and Canada enforcing stringent policies and regulations on energy resource consumption, initiatives have been undertaken. For instance, in 2022, the U.S. secured funding of USD 10.5 billion through the Grid Resilience Innovative Partnership (GRIP) Program, dedicated to upgrading and expanding the U.S. electric grids. Simultaneously, utilities are incorporating IoT technology to enhance grid management and facilitate demand response programs. The U.S. government's emphasis on energy efficiency and sustainability has acted as a catalyst, driving the widespread adoption of IoT energy management solutions across the nation.

Major market player included in this report are:

GridPoint, Inc.

IoT.nxt

Information Grid Ltd.

Aeris Communications Inc.

Carrier Global Corporation

WebNMS (Zoho Corporation Pvt. Ltd.)

Pheonix Contact

Coda Cloud Limited

Siemens AG

Johnson Controls International PLC

Recent Developments in the Market:
  • In August 2023, Siemens introduced a cutting-edge series of line monitoring relays, known as the SIRIUS 3UG5, featuring integrated IoT technology for efficient energy management. These relays play a crucial role in improving grid stability and quality, particularly in vital sectors such as hospitals and industries. They not only provide valuable insights through data analytics and also guarantee optimal performance of components, contributing to enhanced overall operational efficiency.
  • In August 2023 Zoho Corporation introduced Zoho FSM, a holistic field service management platform designed specifically for businesses in the energy sector. This platform, equipped with automation features and operational transparency, empowers enterprises to effectively manage their field operations. It enables seamless service delivery in industries such as utilities, HVAC, and others, ensuring operational efficiency and exceptional service quality.
Global IoT Energy Management Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Component, Application, End User, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Solution/Platform/System

Services

By Application:

Smart Cities

Smart Utilities

Industrial IoT

By End User:

Commercial

Industrial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1 EXECUTIVE SUMMARY

1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1 IoT Energy Management Market, by Region, 2020-2030 (USD Billion)
  1.2.2 IoT Energy Management Market, by Component, 2020-2030 (USD Billion)
  1.2.3 IoT Energy Management Market, by Application, 2020-2030 (USD Billion)
  1.2.4 IoT Energy Management Market, by End User, 2020-2030 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption

CHAPTER 2 GLOBAL IOT ENERGY MANAGEMENT MARKET DEFINITION AND SCOPE

2.1 Objective of the Study
2.2 Market Definition & Scope
  2.2.1 Industry Evolution
  2.2.2 Scope of the Study
2.3 Years Considered for the Study
2.4 Currency Conversion Rates

CHAPTER 3 GLOBAL IOT ENERGY MANAGEMENT MARKET DYNAMICS

3.1 IoT Energy Management Market Impact Analysis (2020-2030)
  3.1.1 Market Drivers
    3.1.1.1 Implementation of smart grids and smart meters
    3.1.1.2 Increasing adoption of renewable energy
    3.1.1.3 Rising development of smart cities
  3.1.2 Market Challenges
    3.1.2.1 High initial cost associated with system installation and post-maintenance services
  3.1.3 Market Opportunities
    3.1.3.1 Rising adoption of cloud-based real-time energy management system for energy consumption
    3.1.3.2 Growing awareness of environmental sustainability

CHAPTER 4 GLOBAL IOT ENERGY MANAGEMENT MARKET INDUSTRY ANALYSIS

4.1 Porter’s 5 Force Model
  4.1.1 Bargaining Power of Suppliers
  4.1.2 Bargaining Power of Buyers
  4.1.3 Threat of New Entrants
  4.1.4 Threat of Substitutes
  4.1.5 Competitive Rivalry
4.2 Porter’s 5 Force Impact Analysis
4.3 PEST Analysis
  4.3.1 Political
  4.3.2 Economical
  4.3.3 Social
  4.3.4 Technological
  4.3.5 Environmental
  4.3.6 Legal
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 COVID-19 Impact Analysis
4.7 Disruptive Trends
4.8 Industry Expert Perspective
4.9 Analyst Recommendation & Conclusion

CHAPTER 5 GLOBAL IOT ENERGY MANAGEMENT MARKET, BY COMPONENT

5.1 Market Snapshot
5.2 Global IoT Energy Management Market by Component, Performance - Potential Analysis
5.3 Global IoT Energy Management Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4 IoT Energy Management Market, Sub Segment Analysis
  5.4.1 Solution/Platform/System
  5.4.2 Services

CHAPTER 6 GLOBAL IOT ENERGY MANAGEMENT MARKET, BY APPLICATION

6.1 Market Snapshot
6.2 Global IoT Energy Management Market by Application, Performance - Potential Analysis
6.3 Global IoT Energy Management Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4 IoT Energy Management Market, Sub Segment Analysis
  6.4.1 Smart Cities
  6.4.2 Smart Utilities
  6.4.3 Industrial IoT

CHAPTER 7 GLOBAL IOT ENERGY MANAGEMENT MARKET, BY END USER

7.1 Market Snapshot
7.2 Global IoT Energy Management Market by End User, Performance - Potential Analysis
7.3 Global IoT Energy Management Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4 IoT Energy Management Market, Sub Segment Analysis
  7.4.1 Commercial
  7.4.2 Industrial

CHAPTER 8 GLOBAL IOT ENERGY MANAGEMENT MARKET, REGIONAL ANALYSIS

8.1 Top Leading Countries
8.2 Top Emerging Countries
8.3 IoT Energy Management Market, Regional Market Snapshot
8.4 North America IoT Energy Management Market
  8.4.1 U.S. IoT Energy Management Market
    8.4.1.1 Component breakdown estimates & forecasts, 2020-2030
    8.4.1.2 Application breakdown estimates & forecasts, 2020-2030
    8.4.1.3 End User breakdown estimates & forecasts, 2020-2030
  8.4.2 Canada IoT Energy Management Market
8.5 Europe IoT Energy Management Market Snapshot
  8.5.1 U.K. IoT Energy Management Market
  8.5.2 Germany IoT Energy Management Market
  8.5.3 France IoT Energy Management Market
  8.5.4 Spain IoT Energy Management Market
  8.5.5 Italy IoT Energy Management Market
  8.5.6 Rest of Europe IoT Energy Management Market
8.6 Asia-Pacific IoT Energy Management Market Snapshot
  8.6.1 China IoT Energy Management Market
  8.6.2 India IoT Energy Management Market
  8.6.3 Japan IoT Energy Management Market
  8.6.4 Australia IoT Energy Management Market
  8.6.5 South Korea IoT Energy Management Market
  8.6.6 Rest of Asia Pacific IoT Energy Management Market
8.7 Latin America IoT Energy Management Market Snapshot
  8.7.1 Brazil IoT Energy Management Market
  8.7.2 Mexico IoT Energy Management Market
8.8 Middle East & Africa IoT Energy Management Market
  8.8.1 Saudi Arabia IoT Energy Management Market
  8.8.2 South Africa IoT Energy Management Market
  8.8.3 Rest of Middle East & Africa IoT Energy Management Market

CHAPTER 9 COMPETITIVE INTELLIGENCE

9.1 Key Company SWOT Analysis
  9.1.1 Company
  9.1.2 Company
  9.1.3 Company
9.2 Top Market Strategies
9.3 Company Profiles
  9.3.1 GridPoint, Inc.
    9.3.1.1 Key Information
    9.3.1.2 Overview
    9.3.1.3 Financial (Subject to Data Availability)
    9.3.1.4 Product Summary
    9.3.1.5 Recent Developments
  9.3.2 IoT.nxt
  9.3.3 Information Grid Ltd.
  9.3.4 Aeris Communications Inc.
  9.3.5 Carrier Global Corporation
  9.3.6 WebNMS (Zoho Corporation Pvt. Ltd.)
  9.3.7 Pheonix Contact
  9.3.8 Coda Cloud Limited
  9.3.9 Siemens AG
  9.3.10 Johnson Controls International PLC

CHAPTER 10 RESEARCH PROCESS

10.1 Research Process
  10.1.1 Data Mining
  10.1.2 Analysis
  10.1.3 Market Estimation
  10.1.4 Validation
  10.1.5 Publishing
10.2 Research Attributes
10.3 Research Assumption

LIST OF TABLES

TABLE 1 Global IoT Energy Management Market, report scope
TABLE 2 Global IoT Energy Management Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3 Global IoT Energy Management Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4 Global IoT Energy Management Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5 Global IoT Energy Management Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 6 Global IoT Energy Management Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7 Global IoT Energy Management Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8 Global IoT Energy Management Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9 Global IoT Energy Management Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10 Global IoT Energy Management Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11 Global IoT Energy Management Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12 Global IoT Energy Management Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13 Global IoT Energy Management Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14 Global IoT Energy Management Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15 Global IoT Energy Management Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16 U.S. IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17 U.S. IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18 U.S. IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19 Canada IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20 Canada IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21 Canada IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22 UK IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23 UK IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24 UK IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25 Germany IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26 Germany IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27 Germany IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28 France IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29 France IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30 France IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31 Italy IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32 Italy IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33 Italy IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34 Spain IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35 Spain IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36 Spain IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37 RoE IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38 RoE IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39 RoE IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40 China IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41 China IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42 China IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43 India IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44 India IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45 India IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46 Japan IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47 Japan IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48 Japan IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49 South Korea IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50 South Korea IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51 South Korea IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52 Australia IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53 Australia IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54 Australia IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55 RoAPAC IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56 RoAPAC IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57 RoAPAC IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58 Brazil IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59 Brazil IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60 Brazil IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61 Mexico IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62 Mexico IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63 Mexico IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64 RoLA IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65 RoLA IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66 RoLA IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67 Saudi Arabia IoT Energy Management Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68 South Africa IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69 RoMEA IoT Energy Management Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70 List of secondary sources, used in the study of global IoT Energy Management Market
TABLE 71 List of primary sources, used in the study of global IoT Energy Management Market
TABLE 72 Years considered for the study
TABLE 73 Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1 Global IoT Energy Management Market, research methodology
FIG 2 Global IoT Energy Management Market, Market estimation techniques
FIG 3 Global Market size estimates & forecast methods
FIG 4 Global IoT Energy Management Market, key trends 2022
FIG 5 Global IoT Energy Management Market, growth prospects 2023-2030
FIG 6 Global IoT Energy Management Market, porters 5 force model
FIG 7 Global IoT Energy Management Market, pest analysis
FIG 8 Global IoT Energy Management Market, value chain analysis
FIG 9 Global IoT Energy Management Market by segment, 2020 & 2030 (USD Billion)
FIG 10 Global IoT Energy Management Market by segment, 2020 & 2030 (USD Billion)
FIG 11 Global IoT Energy Management Market by segment, 2020 & 2030 (USD Billion)
FIG 12 Global IoT Energy Management Market by segment, 2020 & 2030 (USD Billion)
FIG 13 Global IoT Energy Management Market by segment, 2020 & 2030 (USD Billion)
FIG 14 Global IoT Energy Management Market, regional snapshot 2020 & 2030
FIG 15 North America IoT Energy Management Market 2020 & 2030 (USD Billion)
FIG 16 Europe IoT Energy Management Market 2020 & 2030 (USD Billion)
FIG 17 Asia pacific IoT Energy Management Market 2020 & 2030 (USD Billion)
FIG 18 Latin America IoT Energy Management Market 2020 & 2030 (USD Billion)
FIG 19 Middle East & Africa IoT Energy Management Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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