Europe Iot In Energy & Utility Application Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report infers that the IoT in energy & utility application market in Europe is estimated to propel at a compound annual growth rate of 12.65% in value during the forecast years 2022-2028. France, Germany, Spain, the United Kingdom, Italy, the Nordic Region, the Netherlands, and the Rest of Europe shape the market in the region.
In France, the merger of technologies such as embedded systems, machine learning, and real-time monitoring has expanded the capability of IoT across industries. In recent years, several electronic devices have been integrated with internet connectivity that can be used to balance energy demand and consumption. Moreover, IoT helps users control smart devices over cloud-based software. The internet of things is widely used in grid applications to gather information and improve energy distribution. Thus, such factors are responsible for the robust growth of France’s IoT in energy & utility application market.
Advancements in communications and data analytics technologies, in addition to the rising adoption of connected devices, have highlighted the need for IoT technology. Several Italian companies play a major role in ensuring connectivity, contributing to the market’s growth. From smart metering to smart city to smart asset management, IoT plays a crucial role. Here, smart metering enables accurate measurement of energy consumption, encouraging sustainability and reducing costs. Therefore, as mentioned above, these factors fuel the IoT in energy & utility application market.
COMPETITIVE OUTLOOK
Aclara Technologies LLC, IBM, General Electric Company, SAP SE, Infosys Ltd, Teradata Corporation, and Capgemini SE are leading companies in the IoT in energy & utility application market.
- 1. Europe 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 Demand For Energy And Utility Analytics
- 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. Europe Iot In Energy & Utility Application Market Outlook - By Connectivity
- 3.1. Non-cellular
- 3.2. Cellular
- 4. Europe 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. Europe 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. Europe Iot In Energy & Utility Application Market – Country Outlook
- 6.1. United Kingdom
- 6.2. Germany
- 6.3. France
- 6.4. Italy
- 6.5. Spain
- 6.6. Nordic Region
- 6.7. Netherlands
- 6.8. Rest Of Europe
- 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: Europe 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: Europe Iot In Energy & Utility Application Market, By Connectivity, 2022-2028 (In $ Million)
- Table 7: Europe Iot In Energy & Utility Application Market, By Component, 2022-2028 (In $ Million)
- Table 8: Europe Iot In Energy & Utility Application Market, By Hardware, 2022-2028 (In $ Million)
- Table 9: Europe Iot In Energy & Utility Application Market, By Services, 2022-2028 (In $ Million)
- Table 10: Europe Iot In Energy & Utility Application Market, By Software, 2022-2028 (In $ Million)
- Table 11: Europe Iot In Energy & Utility Application Market, By End-user, 2022-2028 (In $ Million)
- Table 12: Europe 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: Europe Iot In Energy & Utility Application Market, Connectivity Outlook, 2021 & 2028 (In %)
- Figure 5: Europe Iot In Energy & Utility Application Market, By Non-cellular, 2022-2028 (In $ Million)
- Figure 6: Europe Iot In Energy & Utility Application Market, By Cellular, 2022-2028 (In $ Million)
- Figure 7: Europe Iot In Energy & Utility Application Market, Component Outlook, 2021 & 2028 (In %)
- Figure 8: Europe Iot In Energy & Utility Application Market, By Hardware, 2022-2028 (In $ Million)
- Figure 9: Europe Iot In Energy & Utility Application Market, Hardware Outlook, 2021 & 2028 (In %)
- Figure 10: Europe Iot In Energy & Utility Application Market, By Devices, 2022-2028 (In $ Million)
- Figure 11: Europe Iot In Energy & Utility Application Market, By Sensors, 2022-2028 (In $ Million)
- Figure 12: Europe Iot In Energy & Utility Application Market, By Other Hardware Components, 2022-2028 (In $ Million)
- Figure 13: Europe Iot In Energy & Utility Application Market, By Services, 2022-2028 (In $ Million)
- Figure 14: Europe Iot In Energy & Utility Application Market, Services Outlook, 2021 & 2028 (In %)
- Figure 15: Europe Iot In Energy & Utility Application Market, By Deployment & Integration, 2022-2028 (In $ Million)
- Figure 16: Europe Iot In Energy & Utility Application Market, By Support & Maintenance, 2022-2028 (In $ Million)
- Figure 17: Europe Iot In Energy & Utility Application Market, By Professional Services, 2022-2028 (In $ Million)
- Figure 18: Europe Iot In Energy & Utility Application Market, By Software, 2022-2028 (In $ Million)
- Figure 19: Europe Iot In Energy & Utility Application Market, Software Outlook, 2021 & 2028 (In %)
- Figure 20: Europe Iot In Energy & Utility Application Market, By Operational Control, 2022-2028 (In $ Million)
- Figure 21: Europe Iot In Energy & Utility Application Market, By Analytics, 2022-2028 (In $ Million)
- Figure 22: Europe Iot In Energy & Utility Application Market, By Security, 2022-2028 (In $ Million)
- Figure 23: Europe Iot In Energy & Utility Application Market, By Grid Management, 2022-2028 (In $ Million)
- Figure 24: Europe Iot In Energy & Utility Application Market, By Water Management, 2022-2028 (In $ Million)
- Figure 25: Europe Iot In Energy & Utility Application Market, End-users Outlook, 2021 & 2028 (In %)
- Figure 26: Europe Iot In Energy & Utility Application Market, By Oil & Gas, 2022-2028 (In $ Million)
- Figure 27: Europe Iot In Energy & Utility Application Market, By Utility Gas Management, 2022-2028 (In $ Million)
- Figure 28: Europe Iot In Energy & Utility Application Market, By Electricity Grid & Supply Management, 2022-2028 (In $ Million)
- Figure 29: Europe Iot In Energy & Utility Application Market, By Mining, 2022-2028 (In $ Million)
- Figure 30: Europe Iot In Energy & Utility Application Market, By Water Management, 2022-2028 (In $ Million)
- Figure 31: Europe Iot In Energy & Utility Application Market, Regional Outlook, 2021 & 2028 (In %)
- Figure 32: United Kingdom Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 33: Germany Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 34: France Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 35: Italy Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 36: Spain Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 37: Nordic Region Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 38: Netherlands Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 39: Rest Of Europe Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
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