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Internet of Things (IoT) in Utilities - Global Strategic Business Report

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    Report

  • 93 Pages
  • April 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303253

Global Internet of Things (IoT) in Utilities Market to Reach $141.2 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Internet of Things (IoT) in Utilities estimated at US$55.4 Billion in the year 2022, is projected to reach a revised size of US$141.2 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2022-2030. Solutions, one of the segments analyzed in the report, is projected to record 13.4% CAGR and reach US$84.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Platform segment is readjusted to a revised 9.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.4 Billion, While China is Forecast to Grow at 11.7% CAGR

The Internet of Things (IoT) in Utilities market in the U.S. is estimated at US$16.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$24.2 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.7% and 9.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.

Select Competitors (Total 37 Featured) -

  • ABB
  • Aclara
  • Actility
  • Altair
  • Cisco
  • Energyworx
  • General Electric
  • HCL
  • Honeywell
  • Huawei
  • IBM
  • Itron
  • Landis+Gyr
  • Oracle
  • Rayven
  • Saviant Consulting
  • Schneider Electric
  • Siemens
  • Telit
  • Trilliant
  • Trimble
  • Verizon
  • Vodafone
  • Waviot

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Frequently Asked Questions about the Global Market for Internet of Things (IoT) in Utilities

What is the estimated value of the Global Market for Internet of Things (IoT) in Utilities?

The Global Market for Internet of Things (IoT) in Utilities was estimated to be valued at $55.4 Billion in 2022.

What is the growth rate of the Global Market for Internet of Things (IoT) in Utilities?

The growth rate of the Global Market for Internet of Things (IoT) in Utilities is 12.4%, with an estimated value of $141.2 Billion by 2030.

What is the forecasted size of the Global Market for Internet of Things (IoT) in Utilities?

The Global Market for Internet of Things (IoT) in Utilities is estimated to be worth $141.2 Billion by 2030.

Who are the key companies in the Global Market for Internet of Things (IoT) in Utilities?

Key companies in the Global Market for Internet of Things (IoT) in Utilities include ABB, Aclara, Actility, Altair, Cisco, Energyworx, General Electric, HCL, Honeywell and Huawei.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Internet of Things (IoT) in Utilities - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World 8-Year Perspective for Internet of Things (IoT) in Utilities by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 4: World 8-Year Perspective for Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Platform by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World 8-Year Perspective for Platform by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World 8-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Water & Wastewater Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 10: World 8-Year Perspective for Water & Wastewater Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Utility Gas Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World 8-Year Perspective for Utility Gas Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Electricity Grid Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World 8-Year Perspective for Electricity Grid Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 15: World Internet of Things (IoT) in Utilities Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Internet of Things (IoT) in Utilities Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 16: USA Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 17: USA 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 18: USA Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 19: USA 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
CANADA
  • Table 20: Canada Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: Canada 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 22: Canada Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 23: Canada 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
JAPAN
  • Internet of Things (IoT) in Utilities Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 24: Japan Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 25: Japan 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 26: Japan Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: Japan 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
CHINA
  • Internet of Things (IoT) in Utilities Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 28: China Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 29: China 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 30: China Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 31: China 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
EUROPE
  • Internet of Things (IoT) in Utilities Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 32: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 33: Europe 8-Year Perspective for Internet of Things (IoT) in Utilities by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • Table 34: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 35: Europe 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 36: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 37: Europe 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
FRANCE
  • Internet of Things (IoT) in Utilities Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 38: France Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: France 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 40: France Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 41: France 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
GERMANY
  • Internet of Things (IoT) in Utilities Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 42: Germany Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 43: Germany 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 44: Germany Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: Germany 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
ITALY
  • Table 46: Italy Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 47: Italy 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 48: Italy Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 49: Italy 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
UNITED KINGDOM
  • Internet of Things (IoT) in Utilities Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 50: UK Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: UK 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 52: UK Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 53: UK 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
REST OF EUROPE
  • Table 54: Rest of Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 55: Rest of Europe 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 57: Rest of Europe 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
ASIA-PACIFIC
  • Internet of Things (IoT) in Utilities Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 58: Asia-Pacific Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 59: Asia-Pacific 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 60: Asia-Pacific Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 61: Asia-Pacific 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
REST OF WORLD
  • Table 62: Rest of World Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Component - Solutions, Platform and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 63: Rest of World 8-Year Perspective for Internet of Things (IoT) in Utilities by Component - Percentage Breakdown of Value Sales for Solutions, Platform and Services for the Years 2023 & 2030
  • Table 64: Rest of World Recent Past, Current & Future Analysis for Internet of Things (IoT) in Utilities by Application - Electricity Grid Management, Water & Wastewater Management and Utility Gas Management - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 65: Rest of World 8-Year Perspective for Internet of Things (IoT) in Utilities by Application - Percentage Breakdown of Value Sales for Electricity Grid Management, Water & Wastewater Management and Utility Gas Management for the Years 2023 & 2030
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB
  • Aclara
  • Actility
  • Altair
  • Cisco
  • Energyworx
  • General Electric
  • HCL
  • Honeywell
  • Huawei
  • IBM
  • Itron
  • Landis+Gyr
  • Oracle
  • Rayven
  • Saviant Consulting
  • Schneider Electric
  • Siemens
  • Telit
  • Trilliant
  • Trimble
  • Verizon
  • Vodafone
  • Waviot