IoT in Utility Market Size, Share, Trends, Opportunities Analysis Forecast Report by 2025

IoT in Utility Market

IoT in Utility Market: By Software (Analytics, Operational Control, Security, Predictive Asset Management, Customer Information System (CIS) and Utility Billing and Smart Grid Management) By Service (Professional Services, Deployment and Integration and Support and Maintenance) By Platform (Application Management Platform, Network Management Platform and Device Management Platform) By Application (Utility Gas Management, Electricity Grid Management and Water and Waste Water Management) By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2019 – 2025.

Category: Technology & Media Report Format : PDF Pages: 172 Report Code: ZMR-4919 Published Date: Oct-2019 Status : Published
Market Size in 2018 Market Forecast in 2025 CAGR (in %) Base Year
USD xx Million USD xx Million xx% 2018

The Global IoT in Utility Market Size was worth around USD xx Million in 2018 and is predicted to grow to around USD xx Million 2025 with a compound annual growth rate (CAGR) of roughly 6.7% between 2019 and 2025.

The utility industry is linked to Internet of Things as smart grids are essentially the application of IoT technology. This industry is expected to grow in the coming years with exponential growth of new IoT applications.

The IoT in utility market shows a significant demand owing to rising need to improve utility efficiency and customer service level. Moreover, decreasing cost of IoT components, emergence of cloud platform, and initiatives taken by regional government for smart grid rollouts are other factors driving the demand for IoT in utility market. In addition, depletion in carbon foot prints and effective cost savings, and IoT for water utilities are certain aspects that are predicted to provide potential growth opportunity for the IoT in utility market over the forecast period. However, lack of specialized experience and skills might hinder the growth of IoT in utility market.

The IoT solutions have led to the convergence of different business processes which has exponentially pushed the utility sector into the growth phase. Integrating technology into current processes will improve operational efficiency with even less investment in infrastructure. The demand for operational control technology is the highest sales category of software. The analytics solution is anticipated to grow at a fastest rate due to the growing trends in cloud mobile and smart devices, along with factors like predictive analysis, end-to-end automation, and conductive analytics platforms.

The application segment is categorized into water and waste water management, electricity grid management, and utility gas management. With many utility companies transforming their traditional activities into an analysis-driven strategy, the industry is showing a rising trend. The electricity grid management segment is expected to grow at a highest CAGR and is considered to have the largest market share during the forecast period.

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Report Attributes Report Details
Report Name IoT in Utility Market Research Report
Market Size in 2018 USD xx Million
Market Forecast in 2025 USD xx Million
Growth Rate CAGR of xx%  
Number of Pages 172  
Key Companies Covered Silvers Spring Networks, Inc., Osisoft, LLC, Trilliant, Inc., Cryptosoft Ltd., Tibbo Technology Inc., C3 Energy, Energyworx, Amplía Soluciones S.L., Grid4c and Waviot among others.
Segments Covered By Material, By Absorption, By Application, By End User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2018
Historical Year 2016 to 2018
Forecast Year 2019 - 2025
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The global IoT in Utility market covers five major geographic regions, namely, Asia Pacific, North America, Middle East & Africa, Europe, and Latin America. The IoT in utility market is expected to expand in the in North America by 2020, as the majority of projects funded by large U.S. companies will be finished by the end of 2018.

Nevertheless, the current market size is projected to be the largest for the area. While the APAC is expected to develop significantly in the coming years, owing to increased use of smart grid infrastructure, innovations in software, energy management and regulatory requirements as well as prosperous countries like South Korea, Hong Kong, and Singapore are major factors contributing to the growth of IoT solutions in the region.

Some of the leading players in the global market include

  • Silvers Spring Networks Inc.
  • Osisoft LLC
  • Trilliant Inc.
  • Cryptosoft Ltd.
  • Tibbo Technology Inc.
  • C3 Energy
  • Energyworx
  • Amplía Soluciones S.L.
  • Grid4c
  • Waviot

The report segments the IoT in Utility market as follows:

By Software Segment Analysis

  • Software
  • Analytics
  • Operational Control
  • Security
  • Predictive Asset Management
  • Customer Information System (CIS) and Utility Billing
  • Smart Grid Management

By Service Segment Analysis

  • Services
  • Professional Services
  • Deployment and Integration
  • Support and Maintenance

By Platform Segment Analysis

  • Platform
  • Application Management Platform
  • Network Management Platform
  • Device Management Platform

By Application Segment Analysis

  • Utility Gas Management
  • Electricity Grid Management
  • Water and Waste Water Management

By Regional Segment Analysis

  • North America

    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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