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Global Internet of Things (IoT) in Energy Market Size Expected to Grow from USD 20.2 billion in 2020 to USD 35.2 billion by 2025, at a CAGR of 11.8%

Dublin, May 28, 2020 (GLOBE NEWSWIRE) -- The "Internet of Things (IoT) in Energy Market by Solution (Asset Management, Data Management and Analytics, SCADA, Energy Management), Service, Platform, Application (Oil and Gas, Smart Grid, Coal Mining), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global IoT in energy market size is forecast to grow at a CAGR of 11.8% during the forecast period. Major factors expected to drive the growth of the IoT in the energy market include IoT in energy to boost business productivity, the advantage of IoT-based agile systems, and rising instances of cyberattacks. However, the lack of a skilled workforce and lack of data and user privacy are factors that hinder the growth of the IoT in the energy market.

Based on component, the solutions segment to lead the IoT in energy market in 2020. The solutions segment includes solutions, such as asset management, security, Supervisory Control And Data Acquisition (SCADA), network management, mobile workforce management, connected logistics, compliance and risk management, data management and analytics, and energy management. These solutions help energy companies to maintain the operational efficiency of the organization and provide seamless services to the customers. IoT technology solutions have helped energy companies integrate various business processes, pushing the energy industry toward the growth phase in an exponential way. Integrating technologies with existing operations is further expected to increase enterprise operational efficiency even with less infrastructure investment.

APAC is the largest contributor to the IoT in the energy market. The increasing adoption of smart grid architecture, technology upgrades, energy management, and regulatory mandates are the major contributing factors for the growth of the IoT in the energy market in this region. China, the region's largest economy is also its biggest importer. China is the region's largest producer, accounting for half of its oil. Its output of 3.8 million barrels per day was 6% lower than average for nearly a decade. APAC consumes 36% of the world's oil, a total of 36 million barrels per day. Increasing adoption of smart meter in countries, such as China, Japan, Australia, and South Korea has bolstered the growth of the IoT in the energy market in the APAC region.

Key Topics Covered:

1 Introduction

2 Research Methodology
2.1 Research Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Competitive Leadership Mapping Methodology
2.6 Assumptions for the Study
2.7 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the IoT in Energy Market
4.2 Global IoT in Energy Market, by Component and Region
4.3 IoT in Energy Market, by Region
4.4 IoT in Energy Market: Investment Scenario

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.3 Value Chain Analysis
5.4 Use Cases
5.5 Technology Analysis

6 Impact of Covid-19 on IoT in Energy Market
6.1 Industry-Wise Use Cases During the Covid-19
6.2 Covid-19 Impact on Components
6.3 Covid-19 Impact on Regions

7 IoT in Energy Market, by Network Technology
7.1 Introduction
7.2 Cellular Network
7.3 Satellite Network
7.4 Radio Network
7.5 Others

8 IoT in Energy Market, by Component
8.1 Introduction
8.2 Solutions
8.3 Platform
8.4 Services

9 IoT in Energy Market, by Solution
9.1 Introduction
9.2 Asset Management
9.3 Security
9.4 Connected Logistics
9.5 Compliance and Risk Management
9.6 Data Management and Analytics
9.7 Supervisory Control and Data Acquisition
9.8 Mobile Workforce Management
9.9 Network Management
9.10 Energy Management

10 IoT in Energy Market, by Service
10.1 Introduction
10.2 Consulting
10.3 Integration and Deployment
10.4 Support and Maintenance

11 IoT in Energy Market, by Application
11.1 Introduction
11.2 Oil and Gas
11.3 Coal Mining
11.4 Smart Grid

12 IoT in Energy Market, by Region
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 Middle East and Africa
12.6 Latin America

13 Competitive Landscape
13.1 Introduction
13.2 Competitive Leadership Mapping
13.3 Strength of Product Portfolio
13.4 Business Strategy Excellence
13.5 Ranking of Key Players

14 Company Profiles

  • ABB

  • Aclara

  • Actility

  • Agt International

  • Altair Engineering

  • Bosch

  • Cisco

  • Davra Networks

  • Flutura

  • HCL

  • IBM

  • Infosys

  • Intel

  • Rockwell Automation

  • Sap

  • Schneider Electric

  • Siemens

  • Smartgas

  • Trimble

  • Wind River

For more information about this report visit https://www.researchandmarkets.com/r/dpcqua

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