India Iot In Energy & Utility Application Market Forecast 2022-2028
KEY FINDINGS
The India IoT in energy & utility application market is predicted to surge with a CAGR of 11.82% during the forecast period, 2022-2028. Increasing demand for fuel, high speed internet, and IoT in the energy sector and the implementation of Industry 4.0 and Digital India program are expected to support the market growth.
MARKET INSIGHTS
Businesses and companies in India are exploring futuristic possibilities of IoT in energy & utility applications. IoT increases overall productivity through real-time data analytics and enables automation while ensuring seamless operations. It also optimizes workflow by detecting errors and producing high-quality output. Further, the demand for IoT is rapidly growing as it can aid in the reduction of production time, the tracking of assets in the factory, and the consolidation of control rooms.
According to a June 2020 report, in India, investments in IoT were nearly $5 billion in 2019. The values are expected to reach $18 billion by 2022. Further, IoT currently plays a crucial role in the business and technology context with the Digital India program launched by the government. Therefore, major investments and government-initiated programs to encourage digitization is expected to support the India IoT in energy & utility applications market growth during the forecast years.
COMPETITIVE INSIGHTS
Leading market players operating include Wipro Ltd, Cisco System Inc, Infosys Ltd, SAP SE, etc.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 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 Is Raising Demand For Energy & Utility Analytics
- 3.1.3. Growing Consumer Focus On Energy Consumption Pattern Analysis
- 3.1.4. Improvement In The Operations Of The Oil & Gas Industry
- 3.1.5. Decline In Prices Of Iot Components And Availability Of Next-generation Sensors
- 3.1.6. Demand For Automation Tools In Energy Management
- 3.2. Key Restraints
- 3.2.1. High Capital Investment Is Required For The Deployment
- 3.2.2. Lack Of Skilled Employees
- 3.2.3. Security Concerns
- 3.2.4. Integration Of Iot With Subsystems
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Iot In Energy & Utility Application Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.7. Key Buying Criteria
- 4.7.1. Mode Of Deployment
- 4.7.2. Price
- 4.7.3. 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. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.1.4. Business Expansions & Divestitures
- 8.2. Company Profiles
- 8.2.1. Capgemini Se
- 8.2.2. Cisco Systems Inc
- 8.2.3. Infosys Limited
- 8.2.4. International Business Machines Corporation (Ibm)
- 8.2.5. Oracle Corporation
- 8.2.6. Siemens Aktiengesellschaft
- 8.2.7. Wipro Limited
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