IoT supports the utility industry to overcome challenges and implement advanced solutions & services. Additionally, IoT connected utility monitor helps with real-time compliance and regulations about feeding power into the network to exploit remote monitoring and control in order to let preventive maintenance. Furthermore, IoT accelerates digital transformation in utilities.
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Key Players:
IBM, Cisco, Huawei Technologies Co., Ltd., Itron Inc, Landis+Gyr, Oracle, Schneider Electric, Telit, Verizon, Vodafone Limited
The increase in the adoption of smart meters is the major factor driving the growth of the IoT in utilities market. Furthermore, the rise in the energy sector due to the smart meter, as it allows digital measurement of consumer data, is also driving the growth of the IoT in utilities market. However, lack of technically skilled workforce and a lack of standards are some of the major factors which may restrain the growth of the IoT in utilities market. Nevertheless, the decentralization of the energy sector is anticipated to boost the growth of IoT in utilities market.
The “Global IoT in Utilities Market Analysis to 2027” is a specialized and in-depth study of the IoT in utilities market with a special focus on the global market trend analysis. The report aims to provide an overview of IoT in utilities market with detailed market segmentation by component, application. The global IoT in utilities market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT in utilities market players and offers key trends and opportunities in the IoT in utilities market.
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The global IoT in utilities market is segmented on the basis of component, application. On the basis of component, the market is segmented as platform, solution, services. On the basis of application, the market is segmented as water and wastewater management, utility gas management, electricity grid management.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IoT in utilities market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IoT in utilities market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IoT in utilities market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IoT in utilities market in these regions.
Sameer Joshi
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