North America IoT in Energy Market Size, Share & Industry Trends Analysis Report By Application, By Network Technology (Radio Network, Cellular Network and Satellite Network), By Component, By Organization Size, By Country and Growth Forecast, 2022 – 2028
The North America IoT in Energy Market would witness market growth of 18.3% CAGR during the forecast period (2022-2028).
Hardware consists of smart thermostats, EV charging stations, smart metres, and other devices. In recent years, utility companies have implemented smart metres as among the most prominent IoT devices. These devices can connect buildings to the smart energy grid, enabling companies to regulate energy flow more effectively. Smart cities also make use of smart metres. Businesses can access rich, real-time data from Internet of Things (IoT)-capable smart metres to enhance service while reducing costs and boosting profits. In addition, these contribute in efficient load balancing and the elimination of power outages, energy distribution simplification via more accurate predictions, and dynamic pricing by increasing or decreasing prices based on real-time demand.
By updating to smart metres & grids, a number of governments are aiming to utilize IoT to facilitate the expansion of localized green energy generation. The US Department of Energy, for instance, is developing a smart grid that will enhance the use of green energy simultaneously reducing prices. Additionally, these reasons force energy companies to engage in IoT technology in order to remain competitive.
Canada is among the world's leaders in the use of renewable, clean energy. In 2019, wind, hydro, solar, and other sources like biomass, geothermal, and marine/tidal wave energy accounted for around 65 percent of the total power generation. Generally, hydropower has been Canada's primary source of energy, generating over 60% of the nation's electricity.
The US market dominated the North America IoT in Energy Market by Country in 2021; thereby, achieving a market value of $93.3 billion by 2028. The Canada market is estimated to witness a CAGR of 21% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 20% during (2022 - 2028).
Based on Application, the market is segmented into Oil & Gas, Smart Grid, Coal Mining and Others. Based on Network Technology, the market is segmented into Radio Network, Cellular Network and Satellite Network. Based on Component, the market is segmented into Solution and Services. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, IBM Corporation, Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Intel Corporation, SAP SE, Schneider Electric SE, Robert Bosch GmbH, Google LLC and HCL Technologies Ltd. (HCL Enterprises)
Scope of the Study
Market Segments covered in the Report:
By Application
- Oil & Gas
- Smart Grid
- Coal Mining
- Others
- Radio Network
- Cellular Network
- Satellite Network
- Solution
- Services
- Large Enterprises
- SMEs
- US
- Canada
- Mexico
- Rest of North America
- Accenture PLC
- IBM Corporation
- Cisco Systems, Inc.
- Hewlett-Packard enterprise company
- Intel Corporation
- SAP SE
- Schneider Electric SE
- Robert Bosch GmbH
- Google LLC
- HCL Technologies Ltd. (HCL Enterprises)
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America IoT in Energy Market, by Application
- 1.4.2 North America IoT in Energy Market, by Network Technology
- 1.4.3 North America IoT in Energy Market, by Component
- 1.4.4 North America IoT in Energy Market, by Organization Size
- 1.4.5 North America IoT in Energy Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Market Share Analysis, 2021
- 3.4 Top Winning Strategies
- 3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Nov – 2022, May) Leading Players
- Chapter 4. North America IoT in Energy Market by Application
- 4.1 North America Oil & Gas Market by Country
- 4.2 North America Smart Grid Market by Country
- 4.3 North America Coal Mining Market by Country
- 4.4 North America Others Market by Country
- Chapter 5. North America IoT in Energy Market by Network Technology
- 5.1 North America Radio Network Market by Country
- 5.2 North America Cellular Network Market by Country
- 5.3 North America Satellite Network Market by Country
- Chapter 6. North America IoT in Energy Market by Component
- 6.1 North America Solution Market by Country
- 6.2 North America Services Market by Country
- Chapter 7. North America IoT in Energy Market by Organization Size
- 7.1 North America Large Enterprises Market by Country
- 7.2 North America SMEs Market by Country
- Chapter 8. North America IoT in Energy Market by Country
- 8.1 US IoT in Energy Market
- 8.1.1 US IoT in Energy Market by Application
- 8.1.2 US IoT in Energy Market by Network Technology
- 8.1.3 US IoT in Energy Market by Component
- 8.1.4 US IoT in Energy Market by Organization Size
- 8.2 Canada IoT in Energy Market
- 8.2.1 Canada IoT in Energy Market by Application
- 8.2.2 Canada IoT in Energy Market by Network Technology
- 8.2.3 Canada IoT in Energy Market by Component
- 8.2.4 Canada IoT in Energy Market by Organization Size
- 8.3 Mexico IoT in Energy Market
- 8.3.1 Mexico IoT in Energy Market by Application
- 8.3.2 Mexico IoT in Energy Market by Network Technology
- 8.3.3 Mexico IoT in Energy Market by Component
- 8.3.4 Mexico IoT in Energy Market by Organization Size
- 8.4 Rest of North America IoT in Energy Market
- 8.4.1 Rest of North America IoT in Energy Market by Application
- 8.4.2 Rest of North America IoT in Energy Market by Network Technology
- 8.4.3 Rest of North America IoT in Energy Market by Component
- 8.4.4 Rest of North America IoT in Energy Market by Organization Size
- Chapter 9. Company Profiles
- 9.1 Accenture PLC
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.5.3 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 IBM Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional & Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Cisco Systems, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 Hewlett Packard Enterprise Company
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Intel Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
- 9.6 SAP SE
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 SWOT Analysis
- 9.7 Schneider Electric SE
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Robert Bosch GmbH
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Google LLC
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.9.6 SWOT Analysis
- 9.10. HCL Technologies Ltd. (HCL Enterprises)
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.5.2 Product Launches and Product Expansions:
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