IoT Energy Management Market Size, Share, and Analysis, By Component (Solution and Services), By Technology (Cellular Network, Satellite Network, and Radio Network), By Application (Oil and Gas, Coal Mining, and Smart Grid), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
IoT Energy Management Market Size, Share, and Analysis, By Component (Solution and Services), By Technology (Cellular Network, Satellite Network, and Radi%li%Network), By Application (Oil and Gas, Coal Mining, and Smart Grid), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
IoT Energy Management Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 116.8 billion and is projected t%li%reach USD 466.4 billion by the completion of 2034.
IoT Energy Management is a modern approach that uses interconnected devices and sensors t%li%monitor and optimize energy consumption effectively. This system utilizes a network of smart sensors t%li%collect real-time information about different energy metrics such as electricity, water, and gas usage in various environments. The information gathered is used t%li%generate useful insights and algorithms which helps in improving the efficiency of systems and devices. Besides, IoT energy management delivers user friendly interface, through which users can gain remote access t%li%broad insights, allowing them t%li%track energy consumption patterns and detect inefficiencies. Therefore, IoT energy management provides active energy resource management by facilitating smart and efficient energy consumption, which leads t%li%low energy wastage, reduced costs, and promote sustainability.
MARKET HIGHLIGHTS
IoT Energy Management Market is projected t%li%achieve USD 466.4 billion during the forecast period, driven by the urgent need for energy efficiency and sustainability across various sectors. This surge in growth is due t%li%the integration of IoT solutions in industries such as manufacturing, services, and healthcare, where the focus is on maximizing energy consumption while simultaneously reducing the operational cost. This integration of IoT within the power sector utilizes improvements in sensor technology, data analysis, and cloud platforms, which promotes continuous innovation across the sector. Additionally, favourable government policies and collaboration among various industry stakeholders provides a major boost t%li%market evolution. Therefore, as the emphasis on energy conservation increases, there is a growing demand for IoT energy management solutions that address specific need of industries and simultaneously improves the operational efficiency of various devices and systems.
IoT Energy Management Market Segments:
Growth Drivers
Deployment Of Smart Meters and Grids Will Propel Market Expansion
Technological Developments in IoT-Based Solutions t%li%Offer Growth Opportunities
Restraint
High Capital Requirements for IoT Technology Adoption t%li%Impede Market Growth
Key Players
PRODUCT OVERVIEW
IoT Energy Management Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 116.8 billion and is projected t%li%reach USD 466.4 billion by the completion of 2034.
IoT Energy Management is a modern approach that uses interconnected devices and sensors t%li%monitor and optimize energy consumption effectively. This system utilizes a network of smart sensors t%li%collect real-time information about different energy metrics such as electricity, water, and gas usage in various environments. The information gathered is used t%li%generate useful insights and algorithms which helps in improving the efficiency of systems and devices. Besides, IoT energy management delivers user friendly interface, through which users can gain remote access t%li%broad insights, allowing them t%li%track energy consumption patterns and detect inefficiencies. Therefore, IoT energy management provides active energy resource management by facilitating smart and efficient energy consumption, which leads t%li%low energy wastage, reduced costs, and promote sustainability.
MARKET HIGHLIGHTS
IoT Energy Management Market is projected t%li%achieve USD 466.4 billion during the forecast period, driven by the urgent need for energy efficiency and sustainability across various sectors. This surge in growth is due t%li%the integration of IoT solutions in industries such as manufacturing, services, and healthcare, where the focus is on maximizing energy consumption while simultaneously reducing the operational cost. This integration of IoT within the power sector utilizes improvements in sensor technology, data analysis, and cloud platforms, which promotes continuous innovation across the sector. Additionally, favourable government policies and collaboration among various industry stakeholders provides a major boost t%li%market evolution. Therefore, as the emphasis on energy conservation increases, there is a growing demand for IoT energy management solutions that address specific need of industries and simultaneously improves the operational efficiency of various devices and systems.
IoT Energy Management Market Segments:
- By Component
- Solution
- Services
- By Technology
- Cellular Network
- Satellite Network
- Radi%li%Network
- By Application
- Oil and Gas
- Coal Mining
- Smart Grid
Growth Drivers
Deployment Of Smart Meters and Grids Will Propel Market Expansion
Technological Developments in IoT-Based Solutions t%li%Offer Growth Opportunities
Restraint
High Capital Requirements for IoT Technology Adoption t%li%Impede Market Growth
Key Players
- Schneider Electric
- Siemens AG
- Cisc%li%Systems, Inc.
- Honeywell International Inc.
- General Electric Company
- ABB Ltd
- IBM Corporation
- Johnson Controls International plc
- Eaton Corporation plc
- Intel Corporation
- Huawei Technologies Co., Ltd.
- Microsoft Corporation
- C3.ai, Inc.
- Trane Technologies plc
- Oracle Corporation
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3.IoT Energy Management Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.IoT Energy Management Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. IOT ENERGY MANAGEMENT MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. IOT ENERGY MANAGEMENT MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Component
11.3.1.1. Solution
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Services
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Technology
11.3.2.1.Cellular Network
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Satellite Network
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Radio Network
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Application
11.3.3.1.Oil and Gas
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Smart Grid
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Coal Mining
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Component
12.3.2.By Technology
12.3.3.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Component
13.3.2.By Technology
13.3.3.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Component
14.3.2.By Technology
14.3.3.By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Component
15.3.2.By Technology
15.3.3.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Component
16.3.2.By Technology
16.3.3.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Schneider Electric
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Siemens AG
18.3.Cisco Systems, Inc.
18.4. Honeywell International Inc.
18.5.IBM Corporation
18.6.General Electric Company
18.7.ABB Ltd
18.8. Johnson Controls International plc
18.9.Eaton Corporation plc
18.10.Intel Corporation
18.11. Huawei Technologies Co., Ltd.
18.12. Microsoft Corporation
18.13. C3.ai, Inc.
18.14.Trane Technologies plc
18.15. Oracle Corporation
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3.IoT Energy Management Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.IoT Energy Management Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. IOT ENERGY MANAGEMENT MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. IOT ENERGY MANAGEMENT MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Component
11.3.1.1. Solution
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Services
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Technology
11.3.2.1.Cellular Network
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Satellite Network
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Radio Network
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Application
11.3.3.1.Oil and Gas
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Smart Grid
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Coal Mining
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Component
12.3.2.By Technology
12.3.3.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Component
13.3.2.By Technology
13.3.3.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Component
14.3.2.By Technology
14.3.3.By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Component
15.3.2.By Technology
15.3.3.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA IOT ENERGY MANAGEMENT MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Component
16.3.2.By Technology
16.3.3.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Schneider Electric
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Siemens AG
18.3.Cisco Systems, Inc.
18.4. Honeywell International Inc.
18.5.IBM Corporation
18.6.General Electric Company
18.7.ABB Ltd
18.8. Johnson Controls International plc
18.9.Eaton Corporation plc
18.10.Intel Corporation
18.11. Huawei Technologies Co., Ltd.
18.12. Microsoft Corporation
18.13. C3.ai, Inc.
18.14.Trane Technologies plc
18.15. Oracle Corporation
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
