유틸리티용 IoT 시장 규모, 점유율 및 동향 분석 보고서 : 구성요소별, 배포별, 연결성별, 용도별, 지역별, 부문별 예측(2024-2030년)

IoT In Utilities Market Size & Trends:

The global IoT in utilities market size was estimated at USD 47.53 billion in 2023 and is expected to grow at a CAGR of 10.7% from 2024 to 2030. The market is witnessing significant growth due to the increasing adoption of smart technologies in the energy, water, and gas sectors. Utilities are embracing IoT to modernize infrastructure, improve efficiency, and enhance customer service by integrating sensors, smart meters, and connected devices across their networks. These technologies enable real-time monitoring, predictive maintenance, and automated control of utility systems, leading to reduced operational costs, lower energy consumption, and improved reliability. These factors are expected to drive the market growth in the coming years.

The market growth is further driven by the establishment of environmental standards by government bodies and regulatory authorities. These standards mandate the adoption of energy-efficient technologies, which in turn stimulates the demand for IoT solutions to monitor and optimize energy consumption. Additionally, environmental regulations aimed at reducing pollution and waste are encouraging utilities to implement IoT-enabled systems for real-time monitoring and control of operations. By creating regulatory frameworks that promote sustainability and environmental protection, government standards are fostering a favorable environment for the market growth.

In addition, the growing demand for smart cities and home automation is also driving the IoT in utilities market growth. Consumers expect more personalized and efficient services, such as real-time energy usage tracking and automatic billing, which IoT-enabled utilities can provide. The increasing penetration of 5G networks and advanced data analytics further enhances the capabilities of IoT systems, enabling utilities to process large volumes of data for better decision-making and improved service delivery.

As utilities strive to address challenges like aging infrastructure, climate change, and rising demand for clean energy, the market for IoT in utilities is set for continued growth, playing a crucial role in the digital transformation of the industry. Several governments are investing in grid modernization initiatives. For instance, in August 2024, the U.S. Department of Energy announced a USD 2.2 billion investment in the development of grid infrastructure across 18 states to protect against extreme weather events, catalyze additional grid capacity, and lower costs for communities to manage load stemming from manufacturing and data centers. Such factors are expected to propel market growth over the upcoming years.

Global IoT In Utilities Market Report Segmentation

This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global IoT in utilities market report based on component, deployment, connectivity, application, and region:

• Component Outlook (Revenue, USD Billion, 2018 - 2030)
• Hardware
• Software
• Services
  • Consulting
  • Integration and Deployment
  • Support and Maintenance
• Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
• On-premise
• Cloud
• Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)
• Zigbee
• Wi-Fi
• Bluetooth
• Z-Wave
• Others
• Application Outlook (Revenue, USD Billion, 2018 - 2030)
• Smart Meters
• Smart Grid
• Energy Management Systems
• Water Management
• Waste Management
• Others
• Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa

Table of Contents

Chapter 1. Methodology and Scope

• 1.1. Market Segmentation & Scope
• 1.2. Market Definitions
• 1.3. Information Procurement
  • 1.3.1. Information Analysis
  • 1.3.2. Market Formulation & Data Visualization
  • 1.3.3. Data Validation & Publishing
• 1.4. 4 Research Scope and Assumptions
  • 1.4.1. List of Data Sources

Chapter 2. Executive Summary

• 2.1. IoT in Utilities Market Snapshot
• 2.2. IoT in Utilities Market - Segment Snapshot (1/3)
• 2.3. IoT in Utilities Market - Segment Snapshot (2/3)
• 2.4. IoT in Utilities Market - Segment Snapshot (3/3)
• 2.5. IoT in Utilities Market - Competitive Landscape Snapshot

Chapter 3. IoT in Utilities Market - Industry Outlook

• 3.1. Market Lineage Outlook
• 3.2. Industry Value Chain Analysis
• 3.3. Market Dynamics
  • 3.3.1. Market Driver Analysis
  • 3.3.2. Market Restraint Analysis
  • 3.3.3. Market Opportunity
  • 3.3.4. Market Challenges
• 3.4. Industry Analysis Tools
  • 3.4.1. Porter's analysis
  • 3.4.2. Macroeconomic analysis

Chapter 4. IoT in Utilities Market: Component Estimates & Trend Analysis

• 4.1. Component Movement Analysis & Market Share, 2023 & 2030
• 4.2. IoT in Utilities Market Estimates & Forecast, By Component (USD Billion)
  • 4.2.1. Hardware
  • 4.2.2. Software
  • 4.2.3. Services
    • 4.2.3.1. Consulting
    • 4.2.3.2. Integration and Deployment
    • 4.2.3.3. Support and Maintenance

Chapter 5. IoT in Utilities Market: Deployment Estimates & Trend Analysis

• 5.1. Deployment Movement Analysis & Market Share, 2023 & 2030
• 5.2. IoT in Utilities Market Estimates & Forecast, By Deployment (USD Billion)
  • 5.2.1. On-premise
  • 5.2.2. Cloud

Chapter 6. IoT in Utilities Market: Connectivity Estimates & Trend Analysis

• 6.1. Connectivity Movement Analysis & Market Share, 2023 & 2030
• 6.2. IoT in Utilities Market Estimates & Forecast, By Connectivity (USD Billion)
  • 6.2.1. Zigbee
  • 6.2.2. Wi-Fi
  • 6.2.3. Bluetooth
  • 6.2.4. Z-Wave
  • 6.2.5. Others

Chapter 7. IoT in Utilities Market: Application Estimates & Trend Analysis

• 7.1. Application Movement Analysis & Market Share, 2023 & 2030
• 7.2. IoT in Utilities Market Estimates & Forecast, By Application (USD Billion)
  • 7.2.1. Smart Meters
  • 7.2.2. Smart Grid
  • 7.2.3. Energy Management Systems
  • 7.2.4. Water Management
  • 7.2.5. Waste Management
  • 7.2.6. Others

Chapter 8. Regional Estimates & Trend Analysis

• 8.1. IoT in Utilities Market by Region, 2023 & 2030
• 8.2. North America
  • 8.2.1. North America IoT in Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.2.2. U.S.
  • 8.2.3. Canada
  • 8.2.4. Mexico
• 8.3. Europe
  • 8.3.1. Europe IoT in Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.3.2. Germany
  • 8.3.3. U.K.
  • 8.3.4. France
• 8.4. Asia Pacific
  • 8.4.1. Asia Pacific IoT in Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.4.2. Japan
  • 8.4.3. China
  • 8.4.4. India
  • 8.4.5. South Korea
  • 8.4.6. Australia
• 8.5. Latin America
  • 8.5.1. Latin America IoT in Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.5.2. Brazil
• 8.6. Middle East & Africa (MEA)
  • 8.6.1. MEA IoT in Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.6.2. UAE
  • 8.6.3. Saudi Arabia
  • 8.6.4. South Africa

Chapter 9. IoT in Utilities Market - Competitive Landscape

• 9.1. Recent Developments & Impact Analysis, By Key Market Participants
• 9.2. Company Categorization
• 9.3. Participant's Overview
• 9.4. Financial Performance
• 9.5. Product Benchmarking
• 9.6. Company Heat Map Analysis
• 9.7. Company Market Positioning
• 9.8. Strategy Mapping
  • 9.8.1. Expansion
  • 9.8.2. Merger & Acquisition
  • 9.8.3. Collaborations/Partnerships
  • 9.8.4. New Product Launches
• 9.9. Company Profiles
  • 9.9.1. Cisco Systems, Inc.
    • 9.9.1.1. Participant's Overview
    • 9.9.1.2. Financial Performance
    • 9.9.1.3. Product Benchmarking
    • 9.9.1.4. Recent Developments
  • 9.9.2. IBM Corporation
    • 9.9.2.1. Participant's Overview
    • 9.9.2.2. Financial Performance
    • 9.9.2.3. Product Benchmarking
    • 9.9.2.4. Recent Developments
  • 9.9.3. General Electric Company
    • 9.9.3.1. Participant's Overview
    • 9.9.3.2. Financial Performance
    • 9.9.3.3. Product Benchmarking
    • 9.9.3.4. Recent Developments
  • 9.9.4. Siemens AG
    • 9.9.4.1. Participant's Overview
    • 9.9.4.2. Financial Performance
    • 9.9.4.3. Product Benchmarking
    • 9.9.4.4. Recent Developments
  • 9.9.5. Microsoft Corporation
    • 9.9.5.1. Participant's Overview
    • 9.9.5.2. Financial Performance
    • 9.9.5.3. Product Benchmarking
    • 9.9.5.4. Recent Developments
  • 9.9.6. Huawei Technologies Co. Ltd
    • 9.9.6.1. Participant's Overview
    • 9.9.6.2. Financial Performance
    • 9.9.6.3. Product Benchmarking
    • 9.9.6.4. Recent Developments
  • 9.9.7. SAP SE
    • 9.9.7.1. Participant's Overview
    • 9.9.7.2. Financial Performance
    • 9.9.7.3. Product Benchmarking
    • 9.9.7.4. Recent Developments
  • 9.9.8. Honeywell International Inc.
    • 9.9.8.1. Participant's Overview
    • 9.9.8.2. Financial Performance
    • 9.9.8.3. Product Benchmarking
    • 9.9.8.4. Recent Developments
  • 9.9.9. Schneider Electric
    • 9.9.9.1. Participant's Overview
    • 9.9.9.2. Financial Performance
    • 9.9.9.3. Product Benchmarking
    • 9.9.9.4. Recent Developments
  • 9.9.10. ABB Ltd.
    • 9.9.10.1. Participant's Overview
    • 9.9.10.2. Financial Performance
    • 9.9.10.3. Product Benchmarking
    • 9.9.10.4. Recent Developments
  • 9.9.11. Oracle Corporation
    • 9.9.11.1. Participant's Overview
    • 9.9.11.2. Financial Performance
    • 9.9.11.3. Product Benchmarking
    • 9.9.11.4. Recent Developments
  • 9.9.12. Hitachi, Ltd.
    • 9.9.12.1. Participant's Overview
    • 9.9.12.2. Financial Performance
    • 9.9.12.3. Product Benchmarking
    • 9.9.12.4. Recent Developments
  • 9.9.13. Toshiba Corporation
    • 9.9.13.1. Participant's Overview
    • 9.9.13.2. Financial Performance
    • 9.9.13.3. Product Benchmarking
    • 9.9.13.4. Recent Developments
  • 9.9.14. Mitsubishi Electric Group
    • 9.9.14.1. Participant's Overview
    • 9.9.14.2. Financial Performance
    • 9.9.14.3. Product Benchmarking
    • 9.9.14.4. Recent Developments
  • 9.9.15. Verizon
    • 9.9.15.1. Participant's Overview
    • 9.9.15.2. Financial Performance
    • 9.9.15.3. Product Benchmarking
    • 9.9.15.4. Recent Developments