The Internet of things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data,creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.The utility industry continues to face difficulty related to the complexity and high costs associated with maintaining their assets. Increasing incidents of cyber threats poses significant challenge to the industry growth. IoT technology is witnessing huge adoption in industries to remote monitoring of assets, pre-identification of faults and restoring without actually visiting the facility. Also, the implementation of the technology for electricity grid management is helping the companies to achieve their goals of efficiency, reliability and environmental responsibility.
Highlights
The global IoT Utilities market was valued at US$ 6475.6 million in 2022 and is anticipated to reach US$ 12310 million by 2029, witnessing a CAGR of 11.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
When the utility industry adopts IoT, it is creating new opportunities to connect with the consumer, with the grid, and with the world. Suddenly there is an influx of data streaming into the utility that they can harness to make decisions. For example, companies can utilize home automation to monitor consumer use, then adjust access as necessary. They can gather information on how to deliver services, manage infrastructure, and continue to meet consumer needs.
Report Scope
This report aims to provide a comprehensive presentation of the global market for IoT Utilities, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IoT Utilities.
The IoT Utilities market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global IoT Utilities market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the IoT Utilities companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
ABB
Bosch Software Innovations
Cisco Systems
General Electric
Hitachi
Honeywell International
Huawei Technologies
IBM Corporation
Intel Corporation
Microsoft Corporation
NEC Corporation
Segment by Type
Sensor
Rfid
Connectivity Technologies
Others
Segment by Application
Electricity Grid Management
Gas Management
Waste Management
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IoT Utilities companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global IoT Utilities Âé¶¹Ô´´ Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Sensor
1.2.3 Rfid
1.2.4 Connectivity Technologies
1.2.5 Others
1.3 Âé¶¹Ô´´ by Application
1.3.1 Global IoT Utilities Âé¶¹Ô´´ Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Electricity Grid Management
1.3.3 Gas Management
1.3.4 Waste Management
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global IoT Utilities Âé¶¹Ô´´ Perspective (2018-2029)
2.2 IoT Utilities Growth Trends by Region
2.2.1 Global IoT Utilities Âé¶¹Ô´´ Size by Region: 2018 VS 2022 VS 2029
2.2.2 IoT Utilities Historic Âé¶¹Ô´´ Size by Region (2018-2023)
2.2.3 IoT Utilities Forecasted Âé¶¹Ô´´ Size by Region (2024-2029)
2.3 IoT Utilities Âé¶¹Ô´´ Dynamics
2.3.1 IoT Utilities Industry Trends
2.3.2 IoT Utilities Âé¶¹Ô´´ Drivers
2.3.3 IoT Utilities Âé¶¹Ô´´ Challenges
2.3.4 IoT Utilities Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top IoT Utilities Players by Revenue
3.1.1 Global Top IoT Utilities Players by Revenue (2018-2023)
3.1.2 Global IoT Utilities Revenue Âé¶¹Ô´´ Share by Players (2018-2023)
3.2 Global IoT Utilities Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by IoT Utilities Revenue
3.4 Global IoT Utilities Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global IoT Utilities Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by IoT Utilities Revenue in 2022
3.5 IoT Utilities Key Players Head office and Area Served
3.6 Key Players IoT Utilities Product Solution and Service
3.7 Date of Enter into IoT Utilities Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 IoT Utilities Breakdown Data by Type
4.1 Global IoT Utilities Historic Âé¶¹Ô´´ Size by Type (2018-2023)
4.2 Global IoT Utilities Forecasted Âé¶¹Ô´´ Size by Type (2024-2029)
5 IoT Utilities Breakdown Data by Application
5.1 Global IoT Utilities Historic Âé¶¹Ô´´ Size by Application (2018-2023)
5.2 Global IoT Utilities Forecasted Âé¶¹Ô´´ Size by Application (2024-2029)
6 North America
6.1 North America IoT Utilities Âé¶¹Ô´´ Size (2018-2029)
6.2 North America IoT Utilities Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America IoT Utilities Âé¶¹Ô´´ Size by Country (2018-2023)
6.4 North America IoT Utilities Âé¶¹Ô´´ Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe IoT Utilities Âé¶¹Ô´´ Size (2018-2029)
7.2 Europe IoT Utilities Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe IoT Utilities Âé¶¹Ô´´ Size by Country (2018-2023)
7.4 Europe IoT Utilities Âé¶¹Ô´´ Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific IoT Utilities Âé¶¹Ô´´ Size (2018-2029)
8.2 Asia-Pacific IoT Utilities Âé¶¹Ô´´ Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific IoT Utilities Âé¶¹Ô´´ Size by Region (2018-2023)
8.4 Asia-Pacific IoT Utilities Âé¶¹Ô´´ Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America IoT Utilities Âé¶¹Ô´´ Size (2018-2029)
9.2 Latin America IoT Utilities Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America IoT Utilities Âé¶¹Ô´´ Size by Country (2018-2023)
9.4 Latin America IoT Utilities Âé¶¹Ô´´ Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa IoT Utilities Âé¶¹Ô´´ Size (2018-2029)
10.2 Middle East & Africa IoT Utilities Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa IoT Utilities Âé¶¹Ô´´ Size by Country (2018-2023)
10.4 Middle East & Africa IoT Utilities Âé¶¹Ô´´ Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABB
11.1.1 ABB Company Detail
11.1.2 ABB Business Overview
11.1.3 ABB IoT Utilities Introduction
11.1.4 ABB Revenue in IoT Utilities Business (2018-2023)
11.1.5 ABB Recent Development
11.2 Bosch Software Innovations
11.2.1 Bosch Software Innovations Company Detail
11.2.2 Bosch Software Innovations Business Overview
11.2.3 Bosch Software Innovations IoT Utilities Introduction
11.2.4 Bosch Software Innovations Revenue in IoT Utilities Business (2018-2023)
11.2.5 Bosch Software Innovations Recent Development
11.3 Cisco Systems
11.3.1 Cisco Systems Company Detail
11.3.2 Cisco Systems Business Overview
11.3.3 Cisco Systems IoT Utilities Introduction
11.3.4 Cisco Systems Revenue in IoT Utilities Business (2018-2023)
11.3.5 Cisco Systems Recent Development
11.4 General Electric
11.4.1 General Electric Company Detail
11.4.2 General Electric Business Overview
11.4.3 General Electric IoT Utilities Introduction
11.4.4 General Electric Revenue in IoT Utilities Business (2018-2023)
11.4.5 General Electric Recent Development
11.5 Hitachi
11.5.1 Hitachi Company Detail
11.5.2 Hitachi Business Overview
11.5.3 Hitachi IoT Utilities Introduction
11.5.4 Hitachi Revenue in IoT Utilities Business (2018-2023)
11.5.5 Hitachi Recent Development
11.6 Honeywell International
11.6.1 Honeywell International Company Detail
11.6.2 Honeywell International Business Overview
11.6.3 Honeywell International IoT Utilities Introduction
11.6.4 Honeywell International Revenue in IoT Utilities Business (2018-2023)
11.6.5 Honeywell International Recent Development
11.7 Huawei Technologies
11.7.1 Huawei Technologies Company Detail
11.7.2 Huawei Technologies Business Overview
11.7.3 Huawei Technologies IoT Utilities Introduction
11.7.4 Huawei Technologies Revenue in IoT Utilities Business (2018-2023)
11.7.5 Huawei Technologies Recent Development
11.8 IBM Corporation
11.8.1 IBM Corporation Company Detail
11.8.2 IBM Corporation Business Overview
11.8.3 IBM Corporation IoT Utilities Introduction
11.8.4 IBM Corporation Revenue in IoT Utilities Business (2018-2023)
11.8.5 IBM Corporation Recent Development
11.9 Intel Corporation
11.9.1 Intel Corporation Company Detail
11.9.2 Intel Corporation Business Overview
11.9.3 Intel Corporation IoT Utilities Introduction
11.9.4 Intel Corporation Revenue in IoT Utilities Business (2018-2023)
11.9.5 Intel Corporation Recent Development
11.10 Microsoft Corporation
11.10.1 Microsoft Corporation Company Detail
11.10.2 Microsoft Corporation Business Overview
11.10.3 Microsoft Corporation IoT Utilities Introduction
11.10.4 Microsoft Corporation Revenue in IoT Utilities Business (2018-2023)
11.10.5 Microsoft Corporation Recent Development
11.11 NEC Corporation
11.11.1 NEC Corporation Company Detail
11.11.2 NEC Corporation Business Overview
11.11.3 NEC Corporation IoT Utilities Introduction
11.11.4 NEC Corporation Revenue in IoT Utilities Business (2018-2023)
11.11.5 NEC Corporation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
ABB
Bosch Software Innovations
Cisco Systems
General Electric
Hitachi
Honeywell International
Huawei Technologies
IBM Corporation
Intel Corporation
Microsoft Corporation
NEC Corporation
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*If Applicable.