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Internet Of Things (IoT) In Energy Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Application (Oil & Gas, Coal Mine), By Deployment, By Connectivity, By Region, And Segment Forecasts, 2024 - 2030

July 2024 | 150 pages | ID: I7644885C959EN
Grand View Research, Inc.

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Internet Of Things In Energy Market Trends

The global internet of things (IoT) in energy market size was estimated at USD 25.23 billion in 2023 and is expected t%li%grow at a CAGR of 13.0% from 2024 t%li%2030. Advancements in sensor technology have significantly boosted the market. Modern sensors are more accurate, reliable, and affordable, enabling energy companies t%li%gather detailed real-time data from various sources such as power grids, wind turbines, and solar panels. This data helps optimize energy production, distribution, and consumption, leading t%li%more efficient operations. In addition, improved sensor technology supports predictive maintenance, reducing downtime and extending the life of energy infrastructure. As sensor technology continues t%li%evolve, its integration int%li%IoT solutions will further enhance the efficiency and sustainability of energy systems, thereby driving market growth.

Moreover, governments globally are rolling out initiatives and regulations t%li%promote energy efficiency and reduce carbon footprints. These policies often include incentives for adopting IoT technologies in the energy sector through direct investments, subsidies, or mandates for smart utility meters in homes and businesses. Such governmental support accelerates the adoption of IoT solutions, driving growth by ensuring compliance, promoting sustainability, and encouraging innovation in energy management and distribution systems.

The global shift towards renewable energy sources such as solar, wind, and hydr%li%is a major market growth. internet of things (IoT) technologies enable the efficient management of renewable energy systems by providing real-time monitoring and control. This ensures optimal energy production and distribution, reducing waste and improving reliability. Furthermore, IoT can facilitate the integration of renewable energy int%li%existing grids, balancing supply and demand. As the world continues t%li%prioritize sustainability and reduce dependence on fossil fuels, the role of IoT in supporting renewable energy initiatives will expand, contributing t%li%market growth.

Moreover, IoT solutions offer significant cost savings and operational efficiencies for energy companies. By leveraging IoT, companies can automate processes, optimize resource utilization, and minimize energy wastage. Real-time data analytics provide insights int%li%energy consumption patterns, enabling better demand forecasting and load balancing. Predictive maintenance powered by IoT sensors can identify potential issues before they lead t%li%costly failures, reducing maintenance costs and downtime. As companies seek t%li%remain competitive and improve profitability, the cost-saving potential of IoT will drive its adoption in the energy sector in the coming years.

Furthermore, consumers are increasingly interested in smart home devices like thermostats, lighting controls, and energy management systems that offer convenience, control, and cost savings. These devices rely on IoT technology t%li%function and are often integrated with home energy systems and the broader power grid. This integration helps balance demand, reduce overall energy consumption, and enhance grid stability. Consumer demand for such technologies encourages energy providers t%li%adopt and support IoT solutions, propelling the market forward.

Global Internet Of Things (IoT) In Energy Market Report Segmentation

This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 t%li%2030. For this study, Grand View Research has further segmented the global Internet of Things (IoT) in energy market report based on component, application, deployment, connectivity, and region:
  • Component Outlook (Revenue, USD Million, 2018 - 2030)
  • Solution
  • Asset Management
  • Energy Management
  • Safety Solution
  • Connected Logistics
  • Compliance & Risk Management
  • Data Management & Analytics
  • Others
  • Services
  • Professional Services
  • Managed Services
  • Application Outlook (Revenue, USD Million, 2018 - 2030)
  • Oil & Gas
  • Coal Mine
  • Smart Grid
  • Deployment Mode Outlook (Revenue, USD Million, 2018 - 2030)
  • On-premise
  • Cloud
  • Connectivity Outlook (Revenue, USD Million, 2018 - 2030)
  • Zigbee
  • Wi-Fi
  • Bluetooth
  • Z-Wave
  • Others
  • Regional Outlook (Revenue, USD Million, 2018 - 2030)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Latin America
  • Brazil
  • Middle East and Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
  1.3.1. Information analysis
  1.3.2. Market formulation & data visualization
  1.3.3. Data validation & publishing
1.4. 4 Research Scope and Assumptions
  1.4.1. List to Data Sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Internet of Things (IoT) in Energy Market Snapshot
2.2. Internet of Things (IoT) in Energy Market- Segment Snapshot (1/2)
2.3. Internet of Things (IoT) in Energy Market- Segment Snapshot (2/2)
2.4. Internet of Things (IoT) in Energy Market- Competitive Landscape Snapshot

CHAPTER 3. INTERNET OF THINGS (IOT) MARKET - INDUSTRY OUTLOOK

3.1. Market Overview
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
  3.3.1. Market Driver Analysis
  3.3.2. Market Restraint Analysis
  3.3.3. Market Opportunity
3.4. Technology Landscape
3.5. Industry Analysis Tools
  3.5.1. Porter’s analysis
  3.5.2. Macroeconomic analysis

CHAPTER 4. INTERNET OF THINGS (IOT) IN ENERGY MARKET: COMPONENT ESTIMATES & TREND ANALYSIS

4.1. Component Movement Analysis & Market Share, 2023 & 2030
4.2. Internet of Things (IoT) in Energy Market Estimates & Forecast, By Component 2018 - 2030 (USD Million)
  4.2.1. Solution
    4.2.1.1. Asset Management
    4.2.1.2. Energy Management
    4.2.1.3. Safety Solution
    4.2.1.4. Connected Logistics
    4.2.1.5. Compliance & Risk Management
    4.2.1.6. Data Management & Analytics
    4.2.1.7. Others
  4.2.2. Services
    4.2.2.1. Professional Services
    4.2.2.2. Managed Services

CHAPTER 5. INTERNET OF THINGS (IOT) IN ENERGY MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Application Movement Analysis & Market Share, 2023 & 2030
5.2. Internet of Things (IoT) in Energy Market Estimates & Forecast, By Application 2018 - 2030 (USD Million)
  5.2.1. Oil & Gas
  5.2.2. Coal Mine
  5.2.3. Smart Grid

CHAPTER 6. INTERNET OF THINGS (IOT) IN ENERGY MARKET: DEPLOYMENT ESTIMATES & TREND ANALYSIS

6.1. Deployment Movement Analysis & Market Share, 2023 & 2030
6.2. Internet of Things (IoT) in Energy Market Estimates & Forecast, By Deployment 2018 - 2030 (USD Million)
  6.2.1. On-premise
  6.2.2. Cloud

CHAPTER 7. INTERNET OF THINGS (IOT) IN ENERGY MARKET: CONNECTIVITY ESTIMATES & TREND ANALYSIS

7.1. Connectivity Movement Analysis & Market Share, 2023 & 2030
7.2. Internet of Things (IoT) in Energy Market Estimates & Forecast, By Connectivity 2018 - 2030 (USD Million)
  7.2.1. Zigbee
  7.2.2. Wi-Fi
  7.2.3. Bluetooth
  7.2.4. Z-Wave
  7.2.5. Others

CHAPTER 8. REGIONAL ESTIMATES & TREND ANALYSIS

8.1. Internet of Things (IoT) in Energy Market by Region, 2023 & 2030
8.2. North America
  8.2.1. North America Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  8.2.2. U.S.
  8.2.3. Canada
  8.2.4. Mexico
8.3. Europe
  8.3.1. Europe Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  8.3.2. Germany
  8.3.3. UK
  8.3.4. France
8.4. Asia Pacific
  8.4.1. Asia Pacific Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  8.4.2. Japan
  8.4.3. China
  8.4.4. India
  8.4.5. South Korea
  8.4.6. Australia
8.5. Latin America
  8.5.1. Latin America Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  8.5.2. Brazil
8.6. Middle East & Africa (MEA)
  8.6.1. MEA Internet of Things (IoT) in Energy Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  8.6.2. Saudi Arabia
  8.6.3. UAE
  8.6.4. South Africa

CHAPTER 9. INTERNET OF THINGS (IOT) IN ENERGY MARKET - COMPETITIVE LANDSCAPE

9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company Categorization
9.3. Participant’s Overview
9.4. Financial Performance
9.5. Product Benchmarking
9.6. Company Market Positioning
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
  9.8.1. Expansion/Divestiture
  9.8.2. Collaborations/Partnerships
  9.8.3. New Product Launches
  9.8.4. Research & Development
9.9. Company Profiles
  9.9.1. GridPoint, Inc.
    9.9.1.1. Participant’s Overview
    9.9.1.2. Financial Performance
    9.9.1.3. Product Benchmarking
    9.9.1.4. Recent Developments
  9.9.2. Aeris Communications, Inc.
    9.9.2.1. Participant’s Overview
    9.9.2.2. Financial Performance
    9.9.2.3. Product Benchmarking
    9.9.2.4. Recent Developments
  9.9.3. IBM Corporation
    9.9.3.1. Participant’s Overview
    9.9.3.2. Financial Performance
    9.9.3.3. Product Benchmarking
    9.9.3.4. Recent Developments
  9.9.4. Siemens AG
    9.9.4.1. Participant’s Overview
    9.9.4.2. Financial Performance
    9.9.4.3. Product Benchmarking
    9.9.4.4. Recent Developments
  9.9.5. Johnson Controls International PLC
    9.9.5.1. Participant’s Overview
    9.9.5.2. Financial Performance
    9.9.5.3. Product Benchmarking
    9.9.5.4. Recent Developments
  9.9.6. AGT International SpA
    9.9.6.1. Participant’s Overview
    9.9.6.2. Financial Performance
    9.9.6.3. Product Benchmarking
    9.9.6.4. Recent Developments
  9.9.7. Cisco Systems, Inc.
    9.9.7.1. Participant’s Overview
    9.9.7.2. Financial Performance
    9.9.7.3. Product Benchmarking
    9.9.7.4. Recent Developments
  9.9.8. Davra Networks Limited
    9.9.8.1. Participant’s Overview
    9.9.8.2. Financial Performance
    9.9.8.3. Product Benchmarking
    9.9.8.4. Recent Developments
  9.9.9. Intel Corporation
    9.9.9.1. Participant’s Overview
    9.9.9.2. Financial Performance
    9.9.9.3. Product Benchmarking
    9.9.9.4. Recent Developments
  9.9.10. SAP SE
    9.9.10.1. Participant’s Overview
    9.9.10.2. Financial Performance
    9.9.10.3. Product Benchmarking
    9.9.10.4. Recent Developments
LIST OF TABLES


Table 1 Key market driver impact
Table 2 Key market restraint impact
Table 3 Internet of Things (IoT) in Energy Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Million)
Table 4 Internet of Things (IoT) in Energy Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
Table 5 Internet of Things (IoT) in Energy Market Revenue Estimates and Forecast, by Deployment, 2018 - 2030 (USD Million)
Table 6 Internet of Things (IoT) in Energy Market Revenue Estimates and Forecast, by Connectivity, 2018 - 2030 (USD Million)
Table 7 Recent Developments & Impact Analysis, By Key Market Participants
Table 8 Company Heat Map Analysis
Table 9 Key companies launching new products
Table 10 Key companies pursuing expansions
Table 11 Key companies pursuing mergers & acquisitions
Table 12 Key companies striking collaborations/partnerships
LIST OF FIGURES


Fig. 1 Automotive Engine Valve Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Information Analysis
Fig. 4 Market Formulation & Data Visualization
Fig. 5 Data Validation & Publishing
Fig. 6 Automotive Engine Valve Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Automotive Engine Valve Market Value, 2023 & 2030 (USD Million)
Fig. 10 Automotive Engine Valves - Industry Value Chain Analysis
Fig. 11 Automotive Engine Valve Market - Market Dynamics
Fig. 12 Automotive Engine Valve Market: PORTER’s Analysis
Fig. 13 Automotive Engine Valve Market: PESTEL Analysis
Fig. 14 Automotive Engine Valve Market, by Type: Key Takeaways
Fig. 15 Automotive Engine Valve Market, by Type: Market Share, 2023 & 2030
Fig. 16 Automotive Engine Valve Market, by Vehicle Type: Key Takeaways
Fig. 17 Automotive Engine Valve Market, by Vehicle Type: Market Share, 2023 & 2030
Fig. 18 Automotive Engine Valve Market, by Distribution Channel: Key Takeaways
Fig. 19 Automotive Engine Valve Market, by Distribution Channel: Market Share, 2023 & 2030
Fig. 20 Automotive Engine Valve Market, by Material: Key Takeaways
Fig. 21 Automotive Engine Valve Market, by Material: Market Share, 2023 & 2030
Fig. 22 Automotive Engine Valve Market, by Region, 2023 & 2030 (USD Million)
Fig. 23 Regional Marketplace: Key Takeaways
Fig. 24 North America Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 25 U.S. Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 26 Canada Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 27 Mexico Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 28 Europe Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 29 Germany Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 30 UK Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 31 France Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 32 Asia Pacific Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 33 China Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 34 India Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 35 Japan Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 36 Australia Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 37 South Korea Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 38 Latin America Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 39 Brazil Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 40 MEA Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 41 UAE Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 42 Kingdom of Saudi Arabia Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 43 South Africa Automotive Engine Valve Market Estimates & Forecast, 2018 - 2030 (USD Millions)
Fig. 44 Company Market Share Analysis, 2023
Fig. 45 Strategic Framework


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