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The global Internet of Things (IoT) in utility market size is expected to grow from $28.6 billion in 2019 to $53.8 billion in 2024 with an average annual growth rate (CAGR) of 13% over the forecast period. The emergence of IoT in the utility sector is expected to help reduce and advance the challenges facing the utility sector. Applying IoT to utilities improves efficiency, generates revenue, and conserves corporate resources. IoT sensors optimize the generation and distribution of energy and water resources, helping utility providers respond to growing consumer demand for utilities such as water, gas and electricity. Additionally, IoT sensors can improve workplace safety for oil and gas workers.
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A full report of Global IoT in Utilities Market is available at: https://www.orionmarketreports.com/iot-utilities-market/23739/
The following Segmentation are covered in this report:
By Component:
- Platform
- Solutions
- Services
By Solution:
- Asset Monitoring Management
- Safety and Security
- Supervisiory Control and Data Acquisition (SCADA)
- Workforce Management
- Network Management
- Customer Information System (CIS) and Billing System
By Service:
- Consulting
- Integration and Deployment
- Support and Maintenance
By Application:
- Water and Wastewater Management
- Utility Gas Management
- Electricity Grid Management
Key Market Players
- Silver Spring Networks, Inc.
- Trilliant, Inc.
- OSI Soft Inc.
- C3 Energy
- Energyworx B.V.
- Cryptosoft
- Tibbo Technology Inc.
- Amplia Soluciones S.L.
- WAVIoT
- Grid4C
The report covers the following objectives:
- Proliferation and maturation of trade in the global IoT in Utilities Market.
- The market share of the global IoT in Utilities Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global IoT in Utilities Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global IoT in Utilities Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
