Asia-pacific Iot In Energy & Utility Application Market 2022-2028
MARKET OUTLOOK
Triton’s research report on the IoT in energy & utility application market in the Asia-Pacific states that the market is expected to advance at a compound annual growth rate of 13.54% during the forecasting years 2022-2028. Japan, China, South Korea, India, Australia & New Zealand, ASEAN countries, and Rest of APAC shape the region’s market.
India is becoming a major hub for IoT in energy and utility applications. The high demand for electricity, fuel, high-speed internet, and others are increasing the demand for internet of things in the energy sector. Furthermore, the digitalization trend has surged the adoption of IoT in the energy sector. The country has a wide railway network with a high demand for energy sources. In this regard, IoT plays a major role in managing and controlling railway lines. Therefore, these aforementioned factors are likely to widen the scope and growth of the IoT in energy & utility application market.
South Korea is known for its hyper-connected population. The country is emerging to be at the forefront of 5G and IoT adoption. In this regard, the combined efforts by the government, telecommunication companies, and electronics manufacturing have positioned the country to become the first nation to boast a robust 5G network. Besides this, there is a fully functioning nationwide IoT platform. Thus, the technological advancements are majorly supporting the IoT in energy & utility application market across South Korea.
COMPETITIVE OUTLOOK
The notable companies in the IoT in energy & utility application market consist of ABB Ltd, General Electric Company, SAS Institute, SAP SE, Aclara Technologies LLC, Infosys Ltd, and Capgemini SE.
- 1. Asia-pacific Iot In Energy & Utility Application Market - Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On Iot In The Energy & Utility Application Market
- 2.2. Key Insights
- 2.2.1. Increasing Economic Value Of Iot
- 2.2.2. Increase In Microgrids Control System Use
- 2.2.3. Significant Investments In Research & Development Activities
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Key Impact Analysis
- 2.4.1. Mode Of Deployment
- 2.4.2. Price
- 2.4.3. Application
- 2.5. Market Attractiveness Index
- 2.6. Vendor Scorecard
- 2.7. Industry Components
- 2.8. Key Market Strategies
- 2.8.1. Acquisitions
- 2.8.2. Product Launches
- 2.8.3. Partnerships
- 2.9. Market Drivers
- 2.9.1. Emphasis On A Greener Environment Surging Energy And Utility Analytics Demand
- 2.9.2. Increasing Consumption And Demand For Energy Generation
- 2.9.3. Growing Consumer Focus On Energy Consumption Pattern Analysis
- 2.9.4. Decline In Prices Of Iot Components And Availability Of Next-generation Sensors
- 2.9.5. Improvement In The Oil & Gas Industry Operations
- 2.9.6. Demand For Automation Tools In Energy Management
- 2.10. Market Challenges
- 2.10.1. Security Concerns
- 2.10.2. Need For High Capital Investment For Deployment
- 2.10.3. Lack Of Skilled Employees
- 2.10.4. Iot Integration With Subsystems
- 2.11. Market Opportunities
- 2.11.1. Need For Real-time Monitoring Systems In The Mining & Petroleum Industries
- 2.11.2. Rising Adoption Of Cloud Technology In Utility & Energy Analytics
- 2.11.3. Increasing Share Of Renewable Energy Sector In Electricity Generation
- 3. Asia-pacific Iot In Energy & Utility Application Market Outlook - By Connectivity
- 3.1. Non-cellular
- 3.2. Cellular
- 4. Asia-pacific Iot In Energy & Utility Application Market Outlook - By Component
- 4.1. Hardware
- 4.1.1. Devices
- 4.1.2. Sensors
- 4.1.3. Other Hardware Components
- 4.2. Services
- 4.2.1. Deployment & Integration
- 4.2.2. Support And Maintenance
- 4.2.3. Professional Services
- 4.3. Software
- 4.3.1. Operational Control
- 4.3.2. Analytics
- 4.3.3. Security
- 4.3.4. Grid Management
- 4.3.5. Water Management
- 5. Asia-pacific Iot In Energy & Utility Application Market Outlook - By End-user
- 5.1. Oil & Gas
- 5.2. Utility Gas Management
- 5.3. Electricity Grid & Supply Management
- 5.4. Mining
- 5.5. Water Management
- 6. Asia-pacific Iot In Energy & Utility Application Industry – Country Outlook
- 6.1. China
- 6.2. Japan
- 6.3. India
- 6.4. South Korea
- 6.5. Asean Countries
- 6.6. Australia & New Zealand
- 6.7. Rest Of Asia-pacific
- 7. Competitive Landscape
- 7.1. Aclara Technologies Llc
- 7.2. Capgemini Se
- 7.3. Abb Ltd
- 7.4. Ibm
- 7.5. General Electric Company
- 7.6. Sas Institute
- 7.7. Siemens
- 7.8. Sap Se
- 7.9. Schneider Electric
- 7.10. Buildingiq Inc
- 7.11. Teradata Corporation
- 7.12. Cisco Systems Inc
- 7.13. Infosys Ltd
- 7.14. Wipro Ltd
- 7.15. Eaton Corporation Plc
- 7.16. Oracle Corporation
- 8. Research Methodology & Scope
- 8.1. Research Scope & Deliverables
- 8.2. Sources Of Data
- 8.3. Research Methodology
- Table List
- Table 1: Asia-pacific Iot In Energy & Utility Application Market, By Country, 2022-2028 (In $ Million)
- Table 2: Vendor Scorecard
- Table 3: List Of Acquisitions
- Table 4: List Of Product Launches
- Table 5: List Of Partnerships
- Table 6: Asia-pacific Iot In Energy & Utility Application Market, By Connectivity, 2022-2028 (In $ Million)
- Table 7: Asia-pacific Iot In Energy & Utility Application Market, By Component, 2022-2028 (In $ Million)
- Table 8: Asia-pacific Iot In Energy & Utility Application Market, By Hardware, 2022-2028 (In $ Million)
- Table 9: Asia-pacific Iot In Energy & Utility Application Market, By Services, 2022-2028 (In $ Million)
- Table 10: Asia-pacific Iot In Energy & Utility Application Market, By Software, 2022-2028 (In $ Million)
- Table 11: Asia-pacific Iot In Energy & Utility Application Market, By End-user, 2022-2028 (In $ Million)
- Table 12: Asia-pacific Iot In Energy & Utility Application Market, By Country, 2022-2028 (In $ Million)
- Figure List
- Figure 1: Key Buying Impact Analysis
- Figure 2: Market Attractiveness Index
- Figure 3: Industry Components
- Figure 4: Asia-pacific Iot In Energy & Utility Application Market, Connectivity Outlook, 2021 & 2028 (In %)
- Figure 5: Asia-pacific Iot In Energy & Utility Application Market, By Non-cellular, 2022-2028 (In $ Million)
- Figure 6: Asia-pacific Iot In Energy & Utility Application Market, By Cellular, 2022-2028 (In $ Million)
- Figure 7: Asia-pacific Iot In Energy & Utility Application Market, Component Outlook, 2021 & 2028 (In %)
- Figure 8: Asia-pacific Iot In Energy & Utility Application Market, By Hardware, 2022-2028 (In $ Million)
- Figure 9: Asia-pacific Iot In Energy & Utility Application Market, Hardware Outlook, 2021 & 2028 (In %)
- Figure 10: Asia-pacific Iot In Energy & Utility Application Market, By Devices, 2022-2028 (In $ Million)
- Figure 11: Asia-pacific Iot In Energy & Utility Application Market, By Sensors, 2022-2028 (In $ Million)
- Figure 12: Asia-pacific Iot In Energy & Utility Application Market, By Other Hardware Components, 2022-2028 (In $ Million)
- Figure 13: Asia-pacific Iot In Energy & Utility Application Market, By Services, 2022-2028 (In $ Million)
- Figure 14: Asia-pacific Iot In Energy & Utility Application Market, Services Outlook, 2021 & 2028 (In %)
- Figure 15: Asia-pacific Iot In Energy & Utility Application Market, By Deployment & Integration, 2022-2028 (In $ Million)
- Figure 16: Asia-pacific Iot In Energy & Utility Application Market, By Support & Maintenance, 2022-2028 (In $ Million)
- Figure 17: Asia-pacific Iot In Energy & Utility Application Market, By Professional Services, 2022-2028 (In $ Million)
- Figure 18: Asia-pacific Iot In Energy & Utility Application Market, By Software, 2022-2028 (In $ Million)
- Figure 19: Asia-pacific Iot In Energy & Utility Application Market, Software Outlook, 2021 & 2028 (In %)
- Figure 20: Asia-pacific Iot In Energy & Utility Application Market, By Operational Control, 2022-2028 (In $ Million)
- Figure 21: Asia-pacific Iot In Energy & Utility Application Market, By Analytics, 2022-2028 (In $ Million)
- Figure 22: Asia-pacific Iot In Energy & Utility Application Market, By Security, 2022-2028 (In $ Million)
- Figure 23: Asia-pacific Iot In Energy & Utility Application Market, By Grid Management, 2022-2028 (In $ Million)
- Figure 24: Asia-pacific Iot In Energy & Utility Application Market, By Water Management, 2022-2028 (In $ Million)
- Figure 25: Asia-pacific Iot In Energy & Utility Application Market, End-user Outlook, 2021 & 2028 (In %)
- Figure 26: Asia-pacific Iot In Energy & Utility Application Market, By Oil & Gas, 2022-2028 (In $ Million)
- Figure 27: Asia-pacific Iot In Energy & Utility Application Market, By Utility Gas Management, 2022-2028 (In $ Million)
- Figure 28: Asia-pacific Iot In Energy & Utility Application Market, By Electricity Grid & Supply Management, 2022-2028 (In $ Million)
- Figure 29: Asia-pacific Iot In Energy & Utility Application Market, By Mining, 2022-2028 (In $ Million)
- Figure 30: Asia-pacific Iot In Energy & Utility Application Market, By Water Management, 2022-2028 (In $ Million)
- Figure 31: Asia-pacific Iot In Energy & Utility Application Market, Regional Outlook, 2021 & 2028 (In %)
- Figure 32: Number Of Iot Connections In China (2018-2022)
- Figure 33: China Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 34: Japan Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 35: India Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 36: Korea's Iot Asia-pacific Competitiveness Compared To Usa = 100% In 2020 (In %)
- Figure 37: South Korea Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 38: Asean Countries Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 39: Australia & New Zealand Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 40: Rest Of Asia-pacific Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
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