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. 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. This report contains market size and forecasts of IoT Utilities in global, including the following market information: Global IoT Utilities Market Revenue, 2018-2023, 2024-2029, ($ millions) Global top five companies in 2022 (%) The global IoT Utilities market was valued at US$ 5793.8 million in 2022 and is projected to reach US$ 11890 million by 2029, at a CAGR of 10.8% during the forecast period. 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. MARKET MONITOR GLOBAL, INC (MMG) has surveyed the IoT Utilities companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment: Global IoT Utilities Market, by Type, 2018-2023, 2024-2029 ($ millions) Global IoT Utilities Market Segment Percentages, by Type, 2022 (%) Sensor Rfid Connectivity Technologies Others Global IoT Utilities Market, by Application, 2018-2023, 2024-2029 ($ millions) Global IoT Utilities Market Segment Percentages, by Application, 2022 (%) Electricity Grid Management Gas Management Waste Management Others Global IoT Utilities Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) Global IoT Utilities Market Segment Percentages, By Region and Country, 2022 (%) North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & Africa Competitor Analysis The report also provides analysis of leading market participants including: Key companies IoT Utilities revenues in global market, 2018-2023 (estimated), ($ millions) Key companies IoT Utilities revenues share in global market, 2022 (%) Further, the report presents profiles of competitors in the market, key players include: ABB Bosch Software Innovations Cisco Systems General Electric Hitachi Honeywell International Huawei Technologies IBM Corporation Intel Corporation Microsoft Corporation NEC Corporation Outline of Major Chapters: Chapter 1: Introduces the definition of IoT Utilities, market overview. Chapter 2: Global IoT Utilities market size in revenue. Chapter 3: Detailed analysis of IoT Utilities company competitive landscape, revenue and 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: Sales of IoT Utilities in regional level and country level. 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 of each country in the world. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports 1.1 IoT Utilities Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global IoT Utilities Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year
