PUBLISHER: Market Research Future | PRODUCT CODE: 1782165
PUBLISHER: Market Research Future | PRODUCT CODE: 1782165
Global IIOT Gateway for Utility Market Research Report Information by Component (Microcontroller Unit, Field Programmable Gate Arrays, Sensor, Memory, Others), by Connectivity Technology (Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave, Others), by Application (Power Utilities, Gas Utilities, Water Utilities, Transportation, Smart Cities, Others), and by Region (North America, Europe, Asia Pacific, Rest of the World) Industry Forecast till 2030
Industry Overview
The global IIOT gateway for utility market is valued to reach USD 189.8 million by 2030, at a compound annual growth rate of 17.1% by the end of 2030. The Industrial Internet of Things (IIoT) links machines and systems in industrial environments like factories. To improve procedures, automate chores, and facilitate predictive maintenance, it collects vital data from these networked devices. IIoT is the foundation of contemporary industrial automation and smart operations, promoting productivity, safety, and efficiency.
The growth of 5G is pushing the industrial IoT gateway market forward by making data sharing quicker and more secure. These gateways help power companies monitor systems from a distance, lower costs, and improve safety. They're used in smart grids and power stations. Businesses are also bringing in new technology to meet higher demand.
At the same time, people are worried about how their data is used. Many don't know what's being collected or shared, and this can lead to cyberattacks or privacy leaks. Governments are giving support by funding research, offering tax breaks, and promoting smart meter usage. These steps are helping power companies work better and serve customers more efficiently. Smart meters also help people check their energy use and save money.
Industry Segmentations
The global IIOT gateway for utility market is segmented based on the component, comprising microcontroller units, field programmable gate arrays, sensors, memory, and others.
In terms of connectivity technology, the global market is divided into Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave, and others.
Based on the application, the global industry is classified into power utilities, gas utilities, water utilities, transportation, smart cities, and others.
In North America, strong industrial infrastructure and early adoption of 5G are supporting the IIoT gateway market. The U.S. and Canada continue to lead in innovation and utility tech upgrades. Major companies have long been investing in utility-focused IIoT development. The demand from power utility sectors remains high. With more smart city plans on the rise, market growth is likely to continue.
European countries are investing in smart technology for utility services, especially for predictive maintenance. Nations like Germany and the UK are focusing on end-to-end digital solutions. IIoT gateways are now widely used across gas, power, and water systems. There's a growing interest in data-driven infrastructure. Political and economic shifts may influence upcoming market strategies.
Asia-Pacific is a fast-moving market in this space, driven by rising urbanization and industrial upgrades. China remains at the forefront, followed by India and South Korea. Governments are heavily supporting IoT projects in utilities. A significant portion of future growth is expected from this region. Energy demand and smart grid expansion are key drivers here.
Countries in the MEA region are turning to IoT to better control energy flow and limit losses. There's also strong interest in using AI to improve decision-making in utilities. Safety, efficiency, and sustainability are top priorities. Sensor innovation and system upgrades are helping to modernize power delivery. New market opportunities continue to open as the region adopts digital tools.
South America's market is growing steadily with new tech investments and increasing demand for utility automation. Key players are launching advanced solutions to meet the rising needs. Countries in the region are focusing on modernizing energy systems. Interest in IoT-based monitoring is increasing. As more funding flows in, the market is expected to grow faster.
Major competitors in the global IIOT gateway for utility market are Hewlett Packard Enterprise Co., Asus Tek Computer Inc., Huawei Technologies Co., Ltd., Intel Corporation, Cisco Systems Inc., Advantech Co., Ltd., Siemens AG, Super Micro Computer, Inc., NXP Semiconductors, and Dell Technologies, Inc.