IoT Energy Management Market
Growth Factors of IoT Energy Management Market
The IoT Energy Management Market size was valued at USD 61.02 billion in 2022. The market is projected to grow from USD 70.58 billion in 2023 to USD 222.56 billion by 2030, exhibiting a CAGR of 17.8% during the forecast period of 2024-2032.
The COVID-19 pandemic has had a combined effect at the IoT power management market. On the fantastic facet, the accelerated adoption of remote paintings has driven the demand for strength-efficient solutions in houses and commercial areas. However, deliver chain disruptions and economic slowdowns to start with hampered marketplace boom, causing delays in IoT challenge implementations. Post-pandemic, the market has shown resilience as agencies recognition on optimizing electricity consumption to lessen costs and meet sustainability goals, the use of IoT to automate energy management approaches and enhance efficiency in both residential and industrial sectors.
One of the contemporary developments within the IoT energy control market is the combination of synthetic intelligence (AI) and gadget getting to know (ML) to optimize power intake. These technologies examine real-time statistics from IoT-enabled gadgets, predicting utilization styles and recommending moves to decrease waste and improve energy performance. AI-pushed strength control systems offer agencies and households advanced insights into strength usage, permitting predictive preservation and decreasing operational expenses. The fashion is driven by way of growing demand for sustainability and the increasing use of IoT in smart homes and smart cities.
A key riding factor for the IoT power control marketplace is the growing worldwide emphasis on energy conservation and sustainability. Governments and groups worldwide are adopting stricter guidelines and incentives to reduce carbon emissions and sell power-green solutions. IoT technology permit precise monitoring and manipulate of strength intake, reducing waste and allowing the mixing of renewable power assets. This shift in the direction of sustainability, mixed with rising strength charges, is encouraging industries and customers to adopt IoT-based power management structures to optimize useful resource usage and meet environmental dreams.
Comprehensive Analysis of IoT Energy Management Market
The IoT Energy Management Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by component, by application, by end user. By Component Include Solution/Platform/System, Services. By Application include Smart Cities, Smart Utilities, Industrial IoT. By End User incude Commercial ,Industrial
The Asia Pacific location lead the IoT Energy Management Market share percentage via benefitting a marketplace size of USD 22.02 billion significant focus on the deployment of IoT energy management system across various countries in the region is expected to fuel the market growth in the coming years.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
August 2023 – Siemens launched a complicated era of line monitoring relays, the SIRIUS 3UG5, integrating IoT era for powerful electricity control. These relays greater grid stability and nice, serving critical sectors including hospitals and industries, providing treasured statistics insights and ensuring finest aspect overall performance.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 17.8% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Component
Solution/Platform/System
Services
By Application
Smart Cities
Smart Utilities
Industrial IoT
By End User
Commercial
Industrial
By Region
North America (By Component, By Application, By End User, and By Country)
U.S.
Canada
Mexico
South America (By Component, By Application, By End User, and By Country)
Brazil
Argentina
Rest of South America
Europe (By Component, By Application, By End User, and By Country)
U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
Middle East & Africa (By Component, By Application, By End User, and By Country)
Turkey
Israel
GCC
North Africa
South Africa
Rest of the Middle East & Africa
Asia Pacific (By Component, By Application, By End User, and By Country)
China
Japan
India
South Korea
ASEAN
Oceania
Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global IoT Energy Management Key Players Market Share/Ranking, 2022
- 5. Global IoT Energy Management Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Component (USD)
- 5.2.1. Solution/Platform/System
- 5.2.2. Services
- 5.3. By Application (USD)
- 5.3.1. Smart Cities
- 5.3.2. Smart Utilities
- 5.3.3. Industrial IoT
- 5.4. By End User (USD)
- 5.4.1. Commercial
- 5.4.2. Industrial
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America IoT Energy Management Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Component (USD)
- 6.2.1. Solution/Platform/System
- 6.2.2. Services
- 6.3. By Application (USD)
- 6.3.1. Smart Cities
- 6.3.2. Smart Utilities
- 6.3.3. Industrial IoT
- 6.4. By End User (USD)
- 6.4.1. Commercial
- 6.4.2. Industrial
- 6.5. By Country (USD)
- 6.5.1. U.S.
- 6.5.2. Canada
- 6.5.3. Mexico
- 7. South America IoT Energy Management Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Component (USD)
- 7.2.1. Solution/Platform/System
- 7.2.2. Services
- 7.3. By Application (USD)
- 7.3.1. Smart Cities
- 7.3.2. Smart Utilities
- 7.3.3. Industrial IoT
- 7.4. By End User (USD)
- 7.4.1. Commercial
- 7.4.2. Industrial
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.2. Argentina
- 7.5.3. Rest of South America
- 8. Europe IoT Energy Management Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Component (USD)
- 8.2.1. Solution/Platform/System
- 8.2.2. Services
- 8.3. By Application (USD)
- 8.3.1. Smart Cities
- 8.3.2. Smart Utilities
- 8.3.3. Industrial IoT
- 8.4. By End User (USD)
- 8.4.1. Commercial
- 8.4.2. Industrial
- 8.5. By Country (USD)
- 8.5.1. United Kingdom
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Benelux
- 8.5.8. Nordics
- 8.5.9. Rest of Europe
- 9. Middle East & Africa IoT Energy Management Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Component (USD)
- 9.2.1. Solution/Platform/System
- 9.2.2. Services
- 9.3. By Application (USD)
- 9.3.1. Smart Cities
- 9.3.2. Smart Utilities
- 9.3.3. Industrial IoT
- 9.4. By End User (USD)
- 9.4.1. Commercial
- 9.4.2. Industrial
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.2. Israel
- 9.5.3. GCC
- 9.5.4. North Africa
- 9.5.5. South Africa
- 9.5.6. Rest of Middle East & Africa
- 10. Asia pacific IoT Energy Management Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Component (USD)
- 10.2.1. Solution/Platform/System
- 10.2.2. Services
- 10.3. By Application (USD)
- 10.3.1. Smart Cities
- 10.3.2. Smart Utilities
- 10.3.3. Industrial IoT
- 10.4. By End User (USD)
- 10.4.1. Commercial
- 10.4.2. Industrial
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.2. India
- 10.5.3. Japan
- 10.5.4. South Korea
- 10.5.5. ASEAN
- 10.5.6. Oceania
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. GridPoint, Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. IoT.nxt
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Information Grid Ltd.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Aeris Communications Inc.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. EcoEnergy Insights (Carrier Global Corporation)
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. WebNMS (Zoho Corporation Pvt. Ltd.)
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Pheonix Contact
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Coda Cloud Limited
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Siemens AG
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Johnson Controls International PLC
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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