North America Iot In Energy & Utility Application Market 2022-2028
MARKET OUTLOOK
According to Triton Market Research, the IoT in energy & utility application market in North America is estimated to attain a compound annual growth rate of 12.15% in value over the forecast period from 2022 to 2028. The United States and Canada shape the market in the region.
Canada is emerging as a major market for IoT in energy & utility application. Several multinational companies like IBM and Huawei have invested heavily in the country. Earlier, the government launched the Smart City Accelerator Research Program that used IoT applications to improve energy efficiency across residential and commercial spaces. Initially, the initiative was launched using Bell’s Smart City platform and IBM’s data and analytics technologies. Therefore, such developments augment the growth of the IoT in energy & utility application market across Canada.
In the United States, the demand for energy has surged substantially in the residential sector. As per estimates, several households have at least one streaming IoT device. An IoT device enables television to stream internet content easily. Additionally, the application of IoT in renewable energy production has surged significantly. The IoT technology includes sensors that are connected to generation, transmission, and distribution equipment. Thus, the rising application of IoT is anticipated to drive the IoT in energy & utility application market over the forecast period.
COMPETITIVE OUTLOOK
Leading firms in the IoT in energy & utility application market include Capgemini SE, IBM, Aclara Technologies LLC, ABB Ltd, and SAP SE.
- 1. North America 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 Market
- 2.11.3. Increasing Share Of Renewable Energy Sector In Electricity Generation
- 3. North America Iot In Energy & Utility Application Market Outlook - By Connectivity
- 3.1. Non-cellular
- 3.2. Cellular
- 4. North America 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. North America 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. North America Iot In Energy & Utility Application Market – Country Outlook
- 6.1. United States
- 6.2. Canada
- 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: North America 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: North America Iot In Energy & Utility Application Market, By Connectivity, 2022-2028 (In $ Million)
- Table 7: North America Iot In Energy & Utility Application Market, By Component, 2022-2028 (In $ Million)
- Table 8: North America Iot In Energy & Utility Application Market, By Hardware, 2022-2028 (In $ Million)
- Table 9: North America Iot In Energy & Utility Application Market, By Services, 2022-2028 (In $ Million)
- Table 10: North America Iot In Energy & Utility Application Market, By Software, 2022-2028 (In $ Million)
- Table 11: North America Iot In Energy & Utility Application Market, By End-users, 2022-2028 (In $ Million)
- Table 12: North America 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: North America Iot In Energy & Utility Application Market, Connectivity Outlook, 2021 & 2028 (In %)
- Figure 5: North America Iot In Energy & Utility Application Market, By Non-cellular, 2022-2028 (In $ Million)
- Figure 6: North America Iot In Energy & Utility Application Market, By Cellular, 2022-2028 (In $ Million)
- Figure 7: North America Iot In Energy & Utility Application Market, Component Outlook, 2021 & 2028 (In %)
- Figure 8: North America Iot In Energy & Utility Application Market, By Hardware, 2022-2028 (In $ Million)
- Figure 9: North America Iot In Energy & Utility Application Market, Hardware Outlook, 2021 & 2028 (In %)
- Figure 10: North America Iot In Energy & Utility Application Market, By Devices, 2022-2028 (In $ Million)
- Figure 11: North America Iot In Energy & Utility Application Market, By Sensors, 2022-2028 (In $ Million)
- Figure 12: North America Iot In Energy & Utility Application Market, By Other Hardware Components, 2022-2028 (In $ Million)
- Figure 13: North America Iot In Energy & Utility Application Market, By Services, 2022-2028 (In $ Million)
- Figure 14: North America Iot In Energy & Utility Application Market, Services Outlook, 2021 & 2028 (In %)
- Figure 15: North America Iot In Energy & Utility Application Market, By Deployment & Integration, 2022-2028 (In $ Million)
- Figure 16: North America Iot In Energy & Utility Application Market, By Support & Maintenance, 2022-2028 (In $ Million)
- Figure 17: North America Iot In Energy & Utility Application Market, By Professional Services, 2022-2028 (In $ Million)
- Figure 18: North America Iot In Energy & Utility Application Market, By Software, 2022-2028 (In $ Million)
- Figure 19: North America Iot In Energy & Utility Application Market, Software Outlook, 2021 & 2028 (In %)
- Figure 20: North America Iot In Energy & Utility Application Market, By Operational Control, 2022-2028 (In $ Million)
- Figure 21: North America Iot In Energy & Utility Application Market, By Analytics, 2022-2028 (In $ Million)
- Figure 22: North America Iot In Energy & Utility Application Market, By Security, 2022-2028 (In $ Million)
- Figure 23: North America Iot In Energy & Utility Application Market, By Grid Management, 2022-2028 (In $ Million)
- Figure 24: North America Iot In Energy & Utility Application Market, By Water Management, 2022-2028 (In $ Million)
- Figure 25: North America Iot In Energy & Utility Application Market, End-user Outlook, 2021 & 2028 (In %)
- Figure 26: North America Iot In Energy & Utility Application Market, By Oil & Gas, 2022-2028 (In $ Million)
- Figure 27: North America Iot In Energy & Utility Application Market, By Utility Gas Management, 2022-2028 (In $ Million)
- Figure 28: North America Iot In Energy & Utility Application Market, By Electricity Grid & Supply Management, 2022-2028 (In $ Million)
- Figure 29: North America Iot In Energy & Utility Application Market, By Mining, 2022-2028 (In $ Million)
- Figure 30: North America Iot In Energy & Utility Application Market, By Water Management, 2022-2028 (In $ Million)
- Figure 31: North America Iot In Energy & Utility Application Market, Regional Outlook, 2021 & 2028 (In %)
- Figure 32: United States Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 33: Canada Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
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