Internet of Things (IoT) in Energy Market Report 2026

The internet of things (iot) in energy market size has grown rapidly in recent years. It will grow from $28.56 billion in 2025 to $32.38 billion in 2026 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to expansion of smart grid initiatives, rising energy consumption monitoring needs, increasing integration of renewable power sources, adoption of digital utility management systems, growth in connected energy infrastructure.

The internet of things (iot) in energy market size is expected to see rapid growth in the next few years. It will grow to $52.76 billion in 2030 at a compound annual growth rate (CAGR) of 13%. The growth in the forecast period can be attributed to increasing investments in intelligent energy management platforms, rising adoption of demand response solutions, expansion of decentralized energy systems, growing focus on energy efficiency optimization, increasing use of cloud-based energy analytics. Major trends in the forecast period include increasing deployment of smart metering infrastructure, rising adoption of real-time energy monitoring systems, growing integration of iot with renewable energy assets, expansion of predictive maintenance in energy networks, enhanced focus on grid optimization.

The rising prevalence of cyber threats is expected to fuel the growth of the Internet of Things (IoT) in the energy sector. Cyber threats encompass risks posed by malicious activities aimed at compromising data through various tactics targeting computer systems, networks, and digital information. IoT devices in the energy industry manage sensitive information related to power consumption, grid operations, and user behavior, making them vulnerable to cyberattacks that can lead to unauthorized access and privacy breaches. For example, in October 2024, Check Point Software Technologies Ltd., an Israel-based cybersecurity firm, reported that cyberattacks in the U.S. increased by 56% year-over-year, with a weekly average of 1,300 attacks per organization - 10% higher than the previous quarter. Consequently, the rise in cyber threats is driving the expansion of IoT in the energy market.

Prominent companies engaged in the Internet of Things (IoT) within the energy market are concentrating on pioneering products infused with technological advancements to gain a competitive advantage. One such innovation is DATUM, a smart storage and diesel management tool adopted by major players. For instance, Repos Energy, an India-based energy distribution company, launched DATUM in June 2023. DATUM furnishes real-time insights into fuel availability, quality, quantity, and usage, empowering businesses to monitor diesel consumption and access comprehensive usage records on a daily, weekly, monthly, and yearly basis. Equipped with an anti-theft mechanism, DATUM aims to curb fuel theft, ensuring accessibility for consumers with a simple click on their phones, thereby optimizing operations and enhancing efficiency in fuel management.

In September 2024, Kaynes Technology, an India-based integrated electronics manufacturer specializing in end-to-end and IoT solutions, acquired Iskraemeco for $5.11 million. This acquisition aims to broaden Kaynes's energy management product portfolio and strengthen its competitive position in the fast-growing smart meter market. It represents a strategic effort to enhance Kaynes' presence in the energy sector, addressing the increasing demand for advanced energy management solutions across various industries. Iskraemeco is also an India-based provider of energy IoT solutions focused on smart transitions.

Major companies operating in the internet of things (iot) in energy market are Siemens AG; Schneider Electric SE; Rockwell Automation Inc.; Honeywell International Inc.; Aclara Technologies LLC; C3.AI Inc.; Davra Networks; AGT International; Duke Energy Corporation; Enel S.p.A.; Électricité de France; Pacific Gas and Electric Company; National Grid PLC; Southern Company; Asea Brown Boveri Ltd.; General Electric Company; ABB Ltd.; Itron Inc.; Landis+Gyr AG; GridPoint Inc.; Johnson Controls International PLC; Microsoft Corporation; Oracle Corporation; Eaton Corporation plc; Carrier Global Corporation; IoT.nxt; WebNMS; EcoEnergy Insights; Tantalus Systems Corp.

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

Tariffs are impacting the IoT in energy market by increasing costs of imported smart meters, sensors, communication modules, power electronics, and industrial IoT gateways used in energy monitoring and management systems. Utilities in North America and Europe are most affected due to reliance on imported metering and grid equipment, while Asia-Pacific faces pricing pressure on hardware manufacturing. These tariffs are raising project costs and delaying smart grid rollouts. However, they are also encouraging domestic manufacturing of energy IoT devices, regional platform development, and greater adoption of software-led energy management solutions.

The internet of things (iot) in energy market research report is one of a series of new reports that provides internet of things (iot) in energy market statistics, including internet of things (iot) in energy industry global market size, regional shares, competitors with a internet of things (iot) in energy market share, detailed internet of things (iot) in energy market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (iot) in energy industry. This internet of things (iot) in energy 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, or the Internet of Things, encompasses a network of physical devices and objects linked wirelessly. Through communication and sensing technologies, IoT facilitates the collection and transmission of real-time data, enabling rapid computations and optimal decision-making within the energy industry. Leveraging IoT, the energy sector can transition from a centralized model to a distributed, intelligent, and integrated energy system.

Within the domain of energy, IoT components comprise solutions, platforms, and services. Solutions involve bundles of devices or technologies facilitating IoT applications for users. Various technologies such as cellular networks, satellite networks, radio networks, and others play pivotal roles in applications related to energy generation, consumption, network security, email security, database management, cloud security, and other relevant applications.

The internet of things (IoT) in energy market consists of revenues earned by entities by providing connected logistics, risk management, data management and analytics, supervisory control and data acquisition, mobile workforce management and energy management services in the energy industry. The market value includes the value of related goods sold by the service provider or included within the service offering. The internet of things (IoT) in energy market also includes sales of IoT sensors, computer chips, actuators, cables, and smart devices used in providing IoT services in the energy industry. 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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