Internet of Energy Market Report 2026

The internet of energy market size has grown rapidly in recent years. It will grow from $175.67 billion in 2025 to $204.65 billion in 2026 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to rising broadband penetration demand, expansion of telecom networks, increasing mobile data consumption, early fiber deployment programs, growth in cloud and data center traffic.

The internet of energy market size is expected to see rapid growth in the next few years. It will grow to $379.99 billion by 2030 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to 5G infrastructure rollout acceleration, surge in iot-connected devices, government-led digital connectivity initiatives, increasing demand for low-latency applications, expansion of edge computing networks. Major trends in the forecast period include decentralized electricity generation networks, transactive energy trading platforms, virtual power plant aggregation models, peer-to-peer energy exchange systems, grid balancing and flexibility markets.

The rising deployment of internet of things (IoT) devices is expected to propel the growth of the engineered pumps market going forward. Internet of things (IoT) devices are physical objects embedded with sensors, software, and connectivity capabilities that enable them to collect, exchange, and act on data automatically without human intervention. The rapid increase in IoT device deployment is primarily driven by the growing demand for automation, as connected systems enable real-time monitoring, control, and data-driven decision-making that enhances efficiency and reduces manual effort across residential, industrial, and urban applications. The expanding ecosystem of IoT devices is strongly contributing to the need for integrated energy management systems, supporting the development of the Internet of Energy, which relies on smart grid infrastructure to efficiently monitor, balance, and dynamically distribute electricity in real time, as millions of interconnected devices create variable and decentralized energy consumption patterns. For instance, in July 2025, the European Commission, a Belgium-based governing body, reported that in 2023 the installed base of IoT-connected devices reached approximately 40 billion and is projected to rise to 49 billion by 2026, reflecting an annual growth rate of 7%. Therefore, the rising deployment of IoT devices is propelling the growth of the engineered pumps market.

Leading companies operating in the internet of energy market are focusing on developing innovative solutions such as the energy internet ecosystem platform to enable integrated, data-driven energy management; optimize distributed energy resources; and enhance real-time coordination between generation, storage, and consumption. An energy internet ecosystem platform is a digital system that integrates and manages energy generation, storage, and consumption in real time to improve efficiency and enable intelligent, decentralized energy coordination. For example, in March 2026, Haier Energy Technology Co. Ltd., a China-based energy company, launched a NaHui Energy Internet Ecosystem Platform, designed to shift renewable energy management from basic capacity expansion to high-performance, intelligence-driven optimization. Utilizing a cloud-edge-terminal architecture, the platform integrates proprietary AI models and specialized AI energy robots to provide real-time, predictive control over distributed energy assets such as solar, storage, and HVAC systems.

In November 2023, Gridspertise S. r. l., an Italy-based technology company, acquired Aidon Oy for an undisclosed amount. With this acquisition, Gridspertise seeks to expand its presence in Nordic markets while enhancing its smart metering and grid automation capabilities through the integration of Aidon’s regional expertise and customer-focused solutions. Aidon Oy is a Finland-based technology company providing Internet of energy technologies.

Major companies operating in the internet of energy market are Siemens AG, Schneider Electric SE, ABB Ltd., General Electric (GE Vernova), Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Honeywell International Inc., Oracle Corporation, SAP SE, Intel Corporation, Huawei Technologies Co. Ltd., Infosys Limited, HCL Technologies Limited, Rockwell Automation Inc., Johnson Controls International plc, Landis+Gyr Group AG, Itron Inc., Accenture plc, Trilliant Holdings Inc.

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

The Internet of energy market consists of revenues earned by entities by providing services such as real-time energy monitoring, energy consumption analytics, and smart grid management. The market value includes the value of related goods sold by the service provider or included within the service offering. The Internet of energy market also includes sales of smart meters, smart grids, and energy management systems. 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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