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This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the internet of things (IoT) in energy industry. The report analyzes and declares the historical and current trends analysis of the internet of things (IoT) in energy industry and subsequently recommends the projected trends anticipated to be observed in the internet of things (IoT) in energy market during the upcoming years.
The internet of things (IoT) in energy market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire internet of things (IoT) in energy market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the internet of things (IoT) in energy industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the internet of things (IoT) in energy industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the internet of things (IoT) in energy market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the internet of things (IoT) in energy industry. The internet of things (IoT) in energy market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the internet of things (IoT) in energy sector. Key strategic developments in the internet of things (IoT) in energy market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the internet of things (IoT) in energy market are appropriately highlighted in the report.
Internet of things (IoT) is a technology that consists of interconnected devices that are embedded with software and network connectivity that helps devices to exchange and collected data. IoT in energy is useful in monitoring energy-related functions, for residential and commercial applications. The data collected from IoT devices can be used to enhance productivity and efficiency. Moreover, data collected from IoT can be used in improving the real-time decision making, solve critical problems, etc. Further, IoT in energy is used to automate energy plants and oil drills. Internet of things (IoT) applications in energy & utilities includes smart grid and smart metering to manage energy consumption. Internet of things (IoT) can be used to forecast maintenance activities, which can be helpful in lowering the downtime.
In recent years, the demand for smart grid has bolstered in recent years due to rising investment in smart cities across the world. Governments and organizations are focusing on modernizing grid. With the modernization of smart gird, companies are focusing on developing new techniques for demand response. This has been a key factor that has fueled the global internet of things (IoT) in energy market. Further, internet of things (IoT) has the ability to offer communication networks for complex communication situations. It also provides efficient use of devices such as reducing power consumption and cost. This has led to increased adoption of IoT across energy and utility sector, which has driven the market. Moreover, the emergence of AI and big data analytics in IoT is expected to create new avenues for the global IoT in energy market.
The internet of things (IoT) in energy market research report delivers an acute valuation and taxonomy of the internet of things (IoT) in energy industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the internet of things (IoT) in energy industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the internet of things (IoT) in energy industry is provided for the leading economies of the world.
The internet of things (IoT) in Energy market is segmented based on offerings, network technology, and applications. On the basis of offerings segmentation, the market is classified into hardware, software, and services. By network technology, the global internet of things (IoT) in energy market is bifurcated into a cellular networks, satellite networks, and radio networks. In terms of Application segmentation, the market is bifurcated into application energy management, power distribution, mobile workforce management, asset and equipment monitoring, field surveillance, and others.
Some of the essential players operating in the Internet of Things (IoT) in Energy market, but not restricted to include ABB, ACCENTURE, ACLARA, ACTILITY, AGT INTERNATIONAL, Altair, BOSCH, CISCO, DAVRA NETWORKS, FLUTURA, HCL, IBM, INFOSYS, INTEL, MEAZON, Northwest Analytics Inc., PingThings, ROCKWELL AUTOMATION, SAP, Schneider Electric SE, SIEMENS, MARTGAS, Symboticware, Telit, TRIMBLE, WIND RIVER, etc.
Key Insights from Primary Research
Key Recommendations from Analysts
The Global Internet of Things in Energy Market Share – By Region
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