IoT in Utilities Market Report 2026

The iot in utilities market size has grown rapidly in recent years. It will grow from $57.18 billion in 2025 to $65.67 billion in 2026 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to expansion of utility network digitization, increasing demand for grid visibility, growth of renewable energy integration, rising adoption of remote asset monitoring, availability of utility-grade sensors.

The iot in utilities market size is expected to see rapid growth in the next few years. It will grow to $115.12 billion in 2030 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to increasing adoption of ai-driven grid optimization, rising focus on emission reduction targets, expansion of microgrid deployments, growing investment in utility cybersecurity, increasing demand for predictive maintenance solutions. Major trends in the forecast period include increasing deployment of smart grid iot platforms, rising adoption of advanced metering infrastructure, growing integration of distributed energy resource monitoring, expansion of real-time utility analytics systems, enhanced focus on grid reliability optimization.

The increasing demand for waste management is driving the growth of the IoT in utilities market. Waste management involves the collection, treatment, disposal, and management of waste materials in an efficient and responsible manner. Rising demand is driven by organizations and communities seeking sustainable, cost-effective, and hygienic solutions that minimize environmental impact, optimize resource recovery, and ensure safe disposal. IoT in waste management enables utilities and municipalities to streamline operations, reduce costs, improve sustainability, and enhance service quality. For instance, in February 2024, the United Nations Environment Programme, a Kenya-based international organisation, reported that municipal solid waste generation reached an estimated 2.1 billion tonnes in 2023 and is projected to grow to 3.8 billion tonnes by 2050. Therefore, the increasing demand for efficient waste management solutions is expected to propel the adoption of IoT technologies in utilities.

Major companies in the IoT in utilities market are focusing on technological innovations, such as satellite IoT networks, to enhance connectivity, monitoring, and remote asset management - particularly in remote or underserved areas. Satellite IoT networks use satellites to connect devices, enabling data transmission, monitoring, and control without relying on terrestrial infrastructure. For example, in July 2023, Viasat Inc., a US-based internet service provider, announced advancements in satellite-enabled IoT networks, allowing utilities and critical infrastructure operators to monitor and control assets remotely, improve cybersecurity through secure traffic routing and encryption, support climate and disaster resilience with environmental monitoring, and enhance operational efficiency - positioning satellite IoT as a key enabler for modernizing power grids and advancing renewable energy adoption globally.

In November 2023, Gridspertise S.r.l., an Italy-based smart grid solutions company, acquired Aidon Oy for an undisclosed amount. Through this acquisition, Gridspertise strengthened its IoT and grid-edge platform portfolio by leveraging Aidon’s installed base of approximately 5 million metering points across Nordic markets and expanding its global reach in digitizing electricity distribution infrastructure. Aidon Oy is a Finland-based company providing smart metering, smart grid, and IoT connectivity solutions for utilities, supporting distribution system operators in digitizing grid monitoring and energy consumption.

Major companies operating in the iot in utilities market are International Business Machines Corporation; Oracle Corporation; Verizon Communications Inc.; Cisco Systems Inc.; Vodafone Group Plc; Telit Communications PLC; Landis+Gyr AG; Itron Inc.; Schneider Electric SE; Huawei Technologies Co. Ltd.; Trimble Inc.; Asea Brown Boveri Corporation; Honeywell International Inc.; Siemens AG; General Electric; Aclara Technologies LLC; Trilliant Networks Inc; Energyworx; Hindustan Computers Limited; Altair Engineering; Actility S. A; WAVIoT; Rayven LLC; Bosch Software Innovations; C3. AI Inc.; Parametric Technology Corporation; Spectrum; Samsara Inc.; Sierra Wireless; SoluLab; Silver Spring Networks; Sensus; Badger Meter Inc.; Kamstrup A/S; Elster Group GmbH.

North America was the largest region in the IoT in utilities market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot in utilities market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the iot in utilities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs are influencing the iot in utilities market by increasing costs of imported sensors, communication devices, networking equipment, and control systems used in electricity, gas, and water management applications. Utilities in North America and Europe are most affected due to reliance on imported grid hardware, while Asia-Pacific faces cost pressure on large-scale smart meter deployments. These tariffs are increasing capital expenditure and slowing modernization programs. However, they are also encouraging local production of utility devices, regional supplier partnerships, and investment in domestically manufactured grid infrastructure technologies.

The iot in utilities market research report is one of a series of new reports that provides iot in utilities market statistics, including iot in utilities industry global market size, regional shares, competitors with a iot in utilities market share, detailed iot in utilities market segments, market trends and opportunities, and any further data you may need to thrive in the iot in utilities industry. This iot in utilities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

IoT in utilities refers to the development of advanced solutions that enhance productivity, accuracy, and real-time decision-making while addressing critical problems. Its applications include reducing emissions, managing energy distribution, integrating renewables, and improving reliability and efficiency. IoT in utilities establishes connected networks of data flows among distributed energy resources (DERs), in-home devices, and nano/microgrids.

The main types of IoT in utilities encompass platforms, solutions, services, and others. IoT utility solutions involve activities related to the development and sale of IoT solutions tailored for utilities. An IoT solution is an integrated array of technologies, including various sensors, designed to solve problems and create new organizational value. Different technologies, such as sensors, RFID, and connectivity technology, are applied in various utility applications, including electricity grid management, gas management, water and waste management, among others.

The IoT in the utility market consists of revenues earned by entities by providing asset monitoring management and network management. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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