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

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

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?

• 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
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