PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1659555
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1659555
Global IoT in Utilities Market Size Study, by Component (Platform, Solutions, Services), by Application (Electricity Grid Management, Water and Wastewater Management), and Regional Forecasts 2022-2032
The Global IoT in Utilities Market, valued at approximately USD 47.4 billion in 2023, is poised for remarkable growth, expanding at a CAGR of 13.5% over the forecast period 2024-2032. The growing convergence of digital technologies with traditional utility infrastructures is driving a paradigm shift in operational efficiency, predictive maintenance, and real-time monitoring capabilities. IoT-powered smart meters, AI-driven grid management systems, and cloud-based analytics platforms are becoming indispensable tools for energy providers, enabling enhanced resource optimization, cost reduction, and environmental sustainability.
The increasing adoption of smart grids and automated energy distribution networks is fueling the demand for IoT in electricity grid management. Advanced metering infrastructure (AMI) and demand response systems allow energy providers to regulate consumption, enhance energy efficiency, and integrate renewable energy sources seamlessly. Additionally, water and wastewater management is witnessing an accelerated transformation with IoT-powered leak detection systems, remote monitoring solutions, and AI-enabled predictive analytics to prevent water loss and optimize distribution networks. However, challenges such as cybersecurity threats, high initial investment costs, and data privacy concerns pose potential hurdles to widespread adoption.
Despite these obstacles, governments and utility providers are heavily investing in digital transformation initiatives, integrating IoT-based platforms to improve efficiency and resilience in energy and water infrastructures. The deployment of 5G networks and edge computing is further enhancing real-time communication between IoT devices, enabling more accurate and responsive grid operations. Additionally, the shift toward decarbonization and sustainability goals is encouraging utilities to leverage IoT solutions for monitoring carbon emissions and optimizing renewable energy integration. These advancements are expected to create lucrative opportunities for market growth over the coming years.
From a regional perspective, North America dominates the IoT in Utilities market, driven by stringent regulatory mandates, high investments in smart grid technologies, and the presence of key technology providers. The United States leads the charge, with utility companies rapidly adopting IoT-based solutions to enhance infrastructure resilience against extreme weather events and cyber threats. Europe follows closely, with countries like Germany, France, and the UK focusing on smart energy initiatives, digital water management, and AI-powered analytics for utility operations. Meanwhile, the Asia-Pacific region is projected to witness the fastest growth, propelled by China, India, and Japan, where rapid urbanization and government-led smart city projects are accelerating IoT adoption in utilities. Latin America and the Middle East & Africa are also gaining momentum, leveraging IoT-driven solutions to enhance energy security and improve access to clean water resources.
Major Market Players Included in This Report:
- Siemens AG
- General Electric Company
- Schneider Electric SE
- IBM Corporation
- Cisco Systems, Inc.
- Oracle Corporation
- Huawei Technologies Co., Ltd.
- Itron, Inc.
- Silver Spring Networks, Inc.
- ABB Ltd.
- Honeywell International Inc.
- Landis+Gyr Group AG
- Eaton Corporation plc
- Kamstrup A/S
- Sensus (Xylem Inc.)
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Component:
- Platform
- Solutions
- Asset Monitoring and Management
- Customer Information System (CIS) and Billing
- Services
By Application:
- Electricity Grid Management
- Water and Wastewater Management
By Region:
North America:
- U.S.
- Canada
Europe:
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific:
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America:
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa:
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years Considered for the Study:
- Historical Year: 2022
- Base Year: 2023
- Forecast Period: 2024-2032
Key Takeaways:
- Market Estimates & Forecasts spanning 10 years (2022-2032).
- Annualized revenue trends and regional breakdowns for each market segment.
- In-depth geographical landscape analysis with country-level insights.
- Competitive landscape profiling of major industry players.
- Strategic business recommendations based on market trends and demand dynamics.
- Comprehensive supply-demand analysis to evaluate industry growth opportunities.
Table of Contents
Chapter 1. Global IoT in Utilities Market Executive Summary
- 1.1. Global IoT in Utilities Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.1.1. Platform
- 1.3.1.2. Solutions
- 1.3.1.2.1. Asset Monitoring and Management
- 1.3.1.2.2. Customer Information System (CIS) and Billing
- 1.3.1.3. Services
- 1.3.2. By Application
- 1.3.2.1. Electricity Grid Management
- 1.3.2.2. Water and Wastewater Management
- 1.3.1. By Component
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global IoT in Utilities Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global IoT in Utilities Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Adoption of Smart Grids and Automated Energy Distribution
- 3.1.2. Integration of IoT with AI, Cloud Computing, and Edge Technologies
- 3.1.3. Growing Demand for Enhanced Operational Efficiency and Sustainability
- 3.2. Market Challenges
- 3.2.1. Cybersecurity Threats and Data Privacy Concerns
- 3.2.2. High Initial Investment Costs and Infrastructure Upgrades
- 3.3. Market Opportunities
- 3.3.1. Expansion of Digital Transformation Initiatives in Utilities
- 3.3.2. Advancements in 5G Networks and IoT Device Interconnectivity
- 3.3.3. Government Incentives and Sustainability-Driven Investments
Chapter 4. Global IoT in Utilities 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
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global IoT in Utilities Market Size & Forecasts by Component 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global IoT in Utilities Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Platform
- 5.2.2. Solutions
- 5.2.2.1. Asset Monitoring and Management
- 5.2.2.2. Customer Information System (CIS) and Billing
- 5.2.3. Services
Chapter 6. Global IoT in Utilities Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global IoT in Utilities Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Electricity Grid Management
- 6.2.2. Water and Wastewater Management
Chapter 7. Global IoT in Utilities Market Size & Forecasts by Region 2022-2032
- 7.1. North America IoT in Utilities Market
- 7.1.1. U.S. IoT in Utilities Market
- 7.1.1.1. Component Breakdown Size & Forecasts, 2022-2032
- 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada IoT in Utilities Market
- 7.1.1. U.S. IoT in Utilities Market
- 7.2. Europe IoT in Utilities Market
- 7.2.1. UK IoT in Utilities Market
- 7.2.2. Germany IoT in Utilities Market
- 7.2.3. France IoT in Utilities Market
- 7.2.4. Spain IoT in Utilities Market
- 7.2.5. Italy IoT in Utilities Market
- 7.2.6. Rest of Europe IoT in Utilities Market
- 7.3. Asia-Pacific IoT in Utilities Market
- 7.3.1. China IoT in Utilities Market
- 7.3.2. India IoT in Utilities Market
- 7.3.3. Japan IoT in Utilities Market
- 7.3.4. Australia IoT in Utilities Market
- 7.3.5. South Korea IoT in Utilities Market
- 7.3.6. Rest of Asia-Pacific IoT in Utilities Market
- 7.4. Latin America IoT in Utilities Market
- 7.4.1. Brazil IoT in Utilities Market
- 7.4.2. Mexico IoT in Utilities Market
- 7.4.3. Rest of Latin America IoT in Utilities Market
- 7.5. Middle East & Africa IoT in Utilities Market
- 7.5.1. Saudi Arabia IoT in Utilities Market
- 7.5.2. South Africa IoT in Utilities Market
- 7.5.3. Rest of Middle East & Africa IoT in Utilities Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Siemens AG
- 8.1.2. General Electric Company
- 8.1.3. Schneider Electric SE
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Siemens AG
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. IBM Corporation
- 8.3.3. Cisco Systems, Inc.
- 8.3.4. Oracle Corporation
- 8.3.5. Huawei Technologies Co., Ltd.
- 8.3.6. Itron, Inc.
- 8.3.7. Silver Spring Networks, Inc.
- 8.3.8. ABB Ltd.
- 8.3.9. Honeywell International Inc.
- 8.3.10. Landis+Gyr Group AG
- 8.3.11. Eaton Corporation plc
- 8.3.12. Kamstrup A/S
- 8.3.13. Sensus (Xylem Inc.)
- 8.3.1. Siemens AG
(Only the top 15 companies are included in this section.)
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
