Asia-pacific Iot In Energy & Utility Application Market Forecast 2024-2032
The Asia-Pacific IoT in energy & utility application market is expected to grow with a CAGR of 11.32% during the forecast period, 2024-2032.
As Asia-Pacific competes to become the world’s largest IoT market, the product grows exponentially in size and value. Also, IoT plays a significant role in the region’s uplifting activities with the rapidly increasing youth population that has great labor and intellectual potential to serve these economies. Moreover, IoT is widely used for various purposes and is viewed as critical to business success by countries including Australia, China, and Japan.
REGIONAL ANALYSIS
The Asia-Pacific IoT in energy & utility application market growth analysis includes the assessment of Vietnam, India, South Korea, China, Australia & New Zealand, Japan, Singapore, Indonesia, and Rest of Asia-Pacific. Uses of IoT in China include industrial, transportation, consumer electronics, healthcare, and automation. The automotive and transportation applications hold the largest market share based on application. Moreover, the IoT application areas include smart metering, speed monitoring, traffic counting, and navigation. Therefore, the development of the automotive industry benefits the Asia-Pacific IoT in the energy & utility application market.
On the other hand, Vietnam is rapidly advancing towards the fourth industrial revolution. As a result, IoT is becoming increasingly popular in every sector. Further, foreign firms are leveraging this technology in various industries and developing potential applications for e-health, smart agriculture, smart real estate, etc. These advancements support the demand for IoT in energy & utility applications in Vietnam.
SEGMENTATION ANALYSIS
The Asia-Pacific IoT in energy & utility application market segmentation includes component, end-user, and connectivity. The connectivity segment includes non-cellular and cellular.
Non-cellular devices such as wireless local loop systems, vending machines, or vehicles can communicate via a mobile air interface standard when incorporating a module or modem. Wireless communications can also be enabled between remote machines and a host server or a central station to provide data reporting, real-time monitoring, or remote control without human intervention.
Furthermore, non-cellular devices are gaining popularity in IoT in the energy & utility sector for data security. The lack of direct connectivity with mobile devices and data storage is giving an advantage to non-cellular devices. The installation of non-cellular devices in the on-premise segment is the most popular combination of IoT in energy & utility in the application market. Therefore, the growing concern over data security is treated with non-cellular devices, further boosting its demand in the market.
COMPETITIVE INSIGHTS
Some of the key players operating in the Asia-Pacific IoT in energy & utility application market include Wipro Limited, Infosys Limited, IBM, Capgemini SE, Cisco Systems Inc, etc.
Wipro Limited is an IT company providing a range of services, including IT consulting, business process outsourcing (BPO) services, software solutions, and research and development services. Its services include re-engineering and maintenance, IT consulting, cloud services development, custom application design, and package implementation systems integration. Wipro’s services find application in aerospace and defense, public sector, healthcare, banking, retail, and engineering & construction industries. The company serves clients across Europe, the Middle East, Asia-Pacific, and the Americas. It is headquartered in Bengaluru, Karnataka, India.
Wipro’s Data Discovery Platform (DDP) uses storytelling techniques and sophisticated visual sciences to simplify decision-making and interpretation. The platform’s core combines the Wipro HOLMES stream computing and Artificial Intelligence PlatformTM and delivers wide-ranging insights like preventive action for customer attrition, practices to reinforce an online reputation, and predictive maintenance to minimize downtime.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.4.1. Impact Of Covid-19 On Iot In Energy & Utility Application Market
- 2.5. Major Market Findings
- 2.5.1. Surging Demand For Smart Meters
- 2.5.2. Increasing Adoption Of Advanced Grid Management Solutions
- 2.5.3. Investments In Infrastructure Development
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Increasing Consumption And Demand For Energy Generation
- 3.1.2. Emphasis On A Greener Environment Raising Demand For Energy & Utility Analytics
- 3.1.3. Declining Prices Of Iot Components And Availability Of Next-generation Sensors
- 3.2. Key Restraints
- 3.2.1. High Upfront Costs For Deployment
- 3.2.2. Lack Of Skilled Workforce
- 3.2.3. Security Concerns
- 3.2.4. Challenges Associated With Integrating Iot With Subsystems
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.1.1. Demand For Automation Tools In Energy Management
- 4.1.2. Growing Consumer Focus On Energy Consumption Pattern Analysis
- 4.1.3. Improvement In The Operations Of The Oil & Gas Industry
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.4. Market Concentration Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw Materials
- 4.5.2. Manufacturing
- 4.5.3. Distribution
- 4.5.4. End-users
- 4.6. Key Buying Criteria
- 4.6.1. Mode Of Deployment
- 4.6.2. Price
- 4.6.3. Application
- 5. Market By Connectivity
- 5.1. Non-cellular
- 5.2. Cellular
- 6. Market By End-user
- 6.1. Utility Gas Management
- 6.2. Oil & Gas
- 6.3. Electricity Grid & Supply Management
- 6.4. Water Management
- 6.5. Mining
- 7. Market By Component
- 7.1. Hardware
- 7.1.1. Sensors
- 7.1.2. Devices
- 7.1.3. Other Hardware Components
- 7.2. Services
- 7.2.1. Deployment And Integration
- 7.2.2. Support And Maintenance
- 7.2.3. Professional Services
- 7.3. Software
- 7.3.1. Analytics
- 7.3.2. Grid Management
- 7.3.3. Operational Control
- 7.3.4. Water Management
- 7.3.5. Security
- 8. Geographical Analysis
- 8.1. Asia-pacific
- 8.1.1. Market Size & Estimates
- 8.1.2. Asia-pacific Iot In Energy & Utility Application Market Drivers
- 8.1.3. Asia-pacific Iot In Energy & Utility Application Market Challenges
- 8.1.4. Key Players In Asia-pacific Iot In Energy & Utility Application Market
- 8.1.5. Country Analysis
- 8.1.5.1. China
- 8.1.5.1.1. China Iot In Energy & Utility Application Market Size & Opportunities
- 8.1.5.2. Japan
- 8.1.5.2.1. Japan Iot In Energy & Utility Application Market Size & Opportunities
- 8.1.5.3. India
- 8.1.5.3.1. India Iot In Energy & Utility Application Market Size & Opportunities
- 8.1.5.4. South Korea
- 8.1.5.4.1. South Korea Iot In Energy & Utility Application Market Size & Opportunities
- 8.1.5.5. Indonesia
- 8.1.5.5.1. Indonesia Iot In Energy & Utility Application Market Size & Opportunities
- 8.1.5.6. Singapore
- 8.1.5.6.1. Singapore Iot In Energy & Utility Application Market Size & Opportunities
- 8.1.5.7. Vietnam
- 8.1.5.7.1. Vietnam Iot In Energy & Utility Application Market Size & Opportunities
- 8.1.5.8. Australia & New Zealand
- 8.1.5.8.1. Australia & New Zealand Iot In Energy & Utility Application Market Size & Opportunities
- 8.1.5.9. Rest Of Asia-pacific
- 8.1.5.9.1. Rest Of Asia-pacific Iot In Energy & Utility Application Market Size & Opportunities
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.1.4. Business Expansions & Divestitures
- 9.2. Company Profiles
- 9.2.1. Abb Ltd
- 9.2.1.1. Company Overview
- 9.2.1.2. Products
- 9.2.1.3. Strengths & Challenges
- 9.2.2. Aclara Technologies Llc
- 9.2.2.1. Company Overview
- 9.2.2.2. Products
- 9.2.2.3. Strengths & Challenges
- 9.2.3. Capgemini Se
- 9.2.3.1. Company Overview
- 9.2.3.2. Products
- 9.2.3.3. Strengths & Challenges
- 9.2.4. Cisco Systems Inc
- 9.2.4.1. Company Overview
- 9.2.4.2. Products
- 9.2.4.3. Strengths & Challenges
- 9.2.5. Eaton Corporation Plc
- 9.2.5.1. Company Overview
- 9.2.5.2. Products
- 9.2.5.3. Strengths & Challenges
- 9.2.6. General Electric Company
- 9.2.6.1. Company Overview
- 9.2.6.2. Products
- 9.2.6.3. Strengths & Challenges
- 9.2.7. Infosys Limited
- 9.2.7.1. Company Overview
- 9.2.7.2. Products
- 9.2.7.3. Strengths & Challenges
- 9.2.8. International Business Machines Corporation (Ibm)
- 9.2.8.1. Company Overview
- 9.2.8.2. Products
- 9.2.8.3. Strengths & Challenges
- 9.2.9. Oracle Corporation
- 9.2.9.1. Company Overview
- 9.2.9.2. Products
- 9.2.9.3. Strengths & Challenges
- 9.2.10. Sap Se
- 9.2.10.1. Company Overview
- 9.2.10.2. Products
- 9.2.10.3. Strengths & Challenges
- 9.2.11. Sas Institute Inc
- 9.2.11.1. Company Overview
- 9.2.11.2. Products
- 9.2.11.3. Strengths & Challenges
- 9.2.12. Schneider Electric Se
- 9.2.12.1. Company Overview
- 9.2.12.2. Products
- 9.2.12.3. Strengths & Challenges
- 9.2.13. Siemens Ag
- 9.2.13.1. Company Overview
- 9.2.13.2. Products
- 9.2.13.3. Strengths & Challenges
- 9.2.14. Teradata Corporation
- 9.2.14.1. Company Overview
- 9.2.14.2. Products
- 9.2.14.3. Strengths & Challenges
- 9.2.15. Wipro Limited
- 9.2.15.1. Company Overview
- 9.2.15.2. Products
- 9.2.15.3. Strengths & Challenges
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook