유틸리티용 사물인터넷(IoT) 시장 규모, 점유율, 성장 분석 : 컴포넌트별, 전개별, 연결성별, 지역별 산업 예측(2025-2032년)

Global IoT In Utilities Market size was valued at USD 118.3 billion in 2023 and is poised to grow from USD 137.82 billion in 2024 to USD 467.65 billion by 2032, growing at a CAGR of 16.5% during the forecast period (2025-2032).

The global IoT in utilities market is experiencing robust growth driven by the rising demand for energy efficiency and the implementation of smart grid technologies and real-time monitoring solutions. Investments in smart metering, the integration of renewable energy sources, and advancements in predictive maintenance are key growth enablers. Government-backed smart city initiatives and enhanced IoT infrastructure contribute significantly to market momentum. Additionally, improved connectivity through advancements like 5G and the potential of AI-driven predictive analytics optimize utility operations, reduce costs, and enhance reliability for providers and consumers alike. Urbanization underscores the necessity for sustainable resource management, further propelling the adoption of IoT in utilities, as companies leverage these technologies to enhance customer experience, minimize outages, and streamline energy distribution.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global IoT In Utilities market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global IoT In Utilities Market Segments Analysis

Global IoT In Utilities Market is segmented by Component, Deployment, Connectivity and region. Based on Component, the market is segmented into Hardware, Software and Services. Based on Deployment, the market is segmented into On-premises and Cloud. Based on Connectivity, the market is segmented into WIFI and Z- wave. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global IoT In Utilities Market

The Global IoT in Utilities market is experiencing significant growth, fueled by the increasing implementation of smart grid technologies aimed at enhancing energy distribution and management efficiency. Utilities are embracing IoT-enabled smart grids to improve visibility across the grid, boost energy efficiency, and lower operational costs. These technologies, including advanced metering infrastructure, distribution automation, and demand response initiatives, empower utilities to remotely oversee and regulate grid operations, optimize energy flow, and actively engage with consumers to manage energy usage more effectively. This shift toward smarter infrastructures is transforming the landscape of utility management, driving innovation and sustainability.

Restraints in the Global IoT In Utilities Market

The implementation of IoT technology in the utilities sector often involves significant initial expenses related to smart devices, sensors, and the necessary network infrastructure. This financial burden can result in delayed deployment, especially for utilities in developing areas that face tighter budget constraints. Additionally, the challenges associated with integrating IoT solutions into existing legacy systems can further complicate and increase costs, serving as additional barriers to widespread adoption in the market. These factors collectively hinder the progress and implementation of IoT technologies in the utilities industry, limiting the growth potential of this promising market.

Market Trends of the Global IoT In Utilities Market

The Global IoT in Utilities market is experiencing a significant surge as utility companies increasingly integrate Artificial Intelligence (AI) with Internet of Things (IoT) technologies. This strategic amalgamation enhances operational capabilities such as predictive maintenance, effective fault detection, and accurate demand forecasting. Machine learning algorithms leverage real-time sensor data to optimize grid performance, minimize downtime, and improve energy efficiency. As utilities strive for data-driven insights to enhance cost efficiency and bolster operational resilience, the demand for sophisticated IoT solutions continues to rise, positioning this sector at the forefront of technological advancement and innovation in the utilities landscape.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technology Analysis
• Case Studies
• Customer Buying Behavior Analysis

Global IoT In Utilities Market Size by Component & CAGR (2025-2032)

• Market Overview
• Hardware
• Software
• Services

Global IoT In Utilities Market Size by Deployment & CAGR (2025-2032)

• Market Overview
• On-premises
• Cloud

Global IoT In Utilities Market Size by Connectivity & CAGR (2025-2032)

• Market Overview
• WIFI
• Z- wave

Global IoT In Utilities Market Size & CAGR (2025-2032)

• North America (Component, Deployment, Connectivity)
  • US
  • Canada
• Europe (Component, Deployment, Connectivity)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Component, Deployment, Connectivity)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Component, Deployment, Connectivity)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Component, Deployment, Connectivity)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• ABB Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tata Consultancy Services
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Itron, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cisco Systems, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Oracle Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rockwell Automation, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wipro Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Honeywell International Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Capgemini SA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GE Energy Management, LLC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Infosys Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Schneider Electric SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Accenture plc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations