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IoT Solutions For Energy Industry Market - By Systems & Solutions (Platform, Predictive Maintenance, Connected Logistic, Security, Energy Analytics, Compliance & Risk Management, Mobile Workforce Management, Intelligent Energy Management, and Field Surveillance & Monitoring), By Network Technologies (Satellite, Cellular, Radio, and Others), By Service (System Integration, Support & Maintenance, and Professional Service), By Applications (Mining and Oil & Gas), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 26-Jun-2020 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3168 Status : Published

Global IoT Solutions Market for energy industry is set to record a CAGR of nearly 30.2% over the period from 2020 to 2026.

Description

The global IoT Solutions Market for energy industry is set to record a CAGR of nearly 30.2% over the period from 2020 to 2026. The report offers assessment and analysis of the IoT Solutions Market for energy industry on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

IoT solutions assist the energy industry in translating from a centralized system to distributed & smart as well as integrated power system.  Reportedly, IoT solutions assist in monitoring of power consumption patterns of myriad energy consumers and can regulate the electricity usage effectively. Furthermore, IoT helps in controlling the power usage in new & old structures through regulating of HVAC in the buildings along with reducing the energy costs.

Moreover, an energy management system driven by IoT solutions has the ability of monitoring real-time power usage along with enhancing the awareness pertaining to energy performance at each level of supply chain activities.  IOT solutions also help in exploring the untapped growth potential of the oil & gas sector apart from improving the reliability of the upstream, midstream, and downstream activities. Furthermore, IoT also helps in creating value for the upstream, midstream, and downstream operations in the oil & gas sector along with their optimization.

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026

Segments Analyzed

By Systems & Solutions, By Network Technologies, By Service, By Applications, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Market Growth Drivers

Smart technologies such as IoT find extensive application in the energy industry including power supply and transmission & distribution. In addition to this, IoT solutions are used in the power sector for improving the energy efficiency, mitigating ecological impacts of power usage, and promoting the utility of green energy. All these aforementioned aspects are anticipated to steer the market trends.

With the inception of new concepts such as smart cities, smart grids, smart power transportation, smart constructions, and smart electricity meters, the market is likely to gain traction over the coming decade. Apparently, IoT-based agile solutions can facilitate effective collaboration between power consumers and firms or utilities producing & supplying energy through a smart energy system, thereby proliferating the expansion of the market over the years ahead. Furthermore, IoT solutions can mechanize, integrate, and regulate energy producing & supplying processes through sensors & innovative communication techniques. In addition to this, IoT can help in preventing energy losses through automation of industrial processes, supervisory control, and data acquisition techniques.

Additionally, IoT can contribute notably towards the energy sector by reducing the loss of energy production or minimizing the probabilities of blackout. Through the use of IoT sensors, devices linked through internet can detect the failure in the power operations or huge decline in efficiency of power production, thereby providing data or information for the requirement of repair or maintenance activities in energy sector. This helps the utility firms in saving maintenance costs, enhancing power efficiency, resilience, and reliability of energy sector. All these aforementioned factors will assist the industry to register an exponential growth across the globe over the years to come.

North America To Make Notable Contributions Towards Overall Market Expansion By 2026

The regional market growth over the forecast timeline is credited to large-scale use of IoT solutions in the oil & gas industry by the countries like the U.S., particularly in the upstream activities of oil & gas sector.

Key players influencing the market growth are SAP SE, Tego Inc., Maven Systems Pvt. Ltd., Carriots, Davra Networks, AGT International, Cisco, Telit, Hortonworks Inc., Symboticware Inc., and Accenture.

The global IoT solutions market for energy industry is segmented as follows:

By systems & solutions

  • Predictive Maintenance
  • Compliance and Risk Management
  • Energy Analytics
  • Platform
  • Security
  • Connected Logistic
  • Intelligent Energy Management
  • Mobile Workforce Management
  • Field Surveillance and Monitoring

By network technologies

  • Radio
  • Cellular
  • Satellite
  • Others

By service

  • Professional Service
  • Support & Maintenance
  • System Integration

By applications

  • Oil & Gas
  • Mining

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. IoT sulutions market for energy industry , 2016–2026(USD Billion)
    • 2.2. IoT sulutions market for energy industry : Snapshot
  • Chapter 3. Global IoT sulutions market for energy industry – Industry Analysis
    • 3.1. IoT sulutions market for energy industry : Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Ability of IoT sulutions in saving maintenance costs, enhancing efficiency, resilience, and reliability of the (utility) firms in energy sector will drive the market growth
      • 3.2.2. IoT sulutions are used in the power sector for improving the energy efficiency, mitigating eculogical impacts of power usage, and promoting the utility of green energy, thereby favorably leveraging market surge
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Systems & Sulutions
      • 3.4.2. Market attractiveness analysis By Network Technologies
      • 3.4.3. Market attractiveness analysis By Service
      • 3.4.4. Market attractiveness analysis By Applications
  • Chapter 4. Global IoT sulutions market for energy industry – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global IoT sulutions market for energy industry : company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global IoT sulutions market for energy industry –Systems & Sulutions Analysis
    • 5.1. Global IoT sulutions market for energy industry overview: By Systems & Sulutions
      • 5.1.1. Global IoT sulutions market for energy industry share, By Systems & Sulutions,2019 and 2026
    • 5.2. Platform
      • 5.2.1. Global IoT sulutions market for energy industry by Platform, 2016–2026(USD Billion)
    • 5.3. Predictive Maintenance
      • 5.3.1. Global IoT sulutions market for energy industry by Predictive Maintenance, 2016–2026(USD Billion)
    • 5.4. Connected Logistic
      • 5.4.1. Global IoT sulutions market for energy industry by Connected Logistic, 2016–2026(USD Billion)
    • 5.5. Security
      • 5.5.1. Global IoT sulutions market for energy industry by Security, 2016–2026(USD Billion)
    • 5.6. Energy Analytics
      • 5.6.1. Global IoT sulutions market for energy industry by Energy Analytics, 2016–2026(USD Billion)
    • 5.7. Compliance & Risk Management
      • 5.7.1. Global IoT sulutions market for energy industry by Compliance & Risk Management, 2016–2026(USD Billion)
    • 5.8. Mobile Workforce Management
      • 5.8.1. Global IoT sulutions market for energy industry by Mobile Workforce Management, 2016–2026(USD Billion)
    • 5.9. Intelligent Energy Management
      • 5.9.1. Global IoT sulutions market for energy industry by Intelligent Energy Management, 2016–2026(USD Billion)
    • 5.10. Field Surveillance & Monitoring
      • 5.10.1. Global IoT sulutions market for energy industry by Field Surveillance & Monitoring, 2016–2026(USD Billion)
  • Chapter 6. Global IoT sulutions market for energy industry –Network Technologies Analysis
    • 6.1. Global IoT sulutions market for energy industry overview: By Network Technologies
      • 6.1.1. Global IoT sulutions market for energy industry share, By Network Technologies,2019 and 2026
    • 6.2. Satellite
      • 6.2.1. Global IoT sulutions market for energy industry by Satellite, 2016–2026(USD Billion)
    • 6.3. Cellular
      • 6.3.1. Global IoT sulutions market for energy industry by Cellular, 2016–2026(USD Billion)
    • 6.4. Radio
      • 6.4.1. Global IoT sulutions market for energy industry by Radio, 2016–2026(USD Billion)
    • 6.5. Others
      • 6.5.1. Global IoT sulutions market for energy industry by Others, 2016–2026(USD Billion)
  • Chapter 7. Global IoT sulutions market for energy industry – Service Analysis
    • 7.1. Global IoT sulutions market for energy industry overview: By Service
      • 7.1.1. Global IoT sulutions market for energy industry share, By Service, 2019 and 2026
    • 7.2. System Integration
      • 7.2.1. Global IoT sulutions market for energy industry By System Integration, 2016–2026(USD Billion)
    • 7.3. Support & Maintenance
      • 7.3.1. Global IoT sulutions market for energy industry By Support & Maintenance, 2016–2026(USD Billion)
  • Chapter 8. Global IoT sulutions market for energy industry – Applications Analysis
    • 8.1. Global IoT sulutions market for energy industry overview: By Applications
      • 8.1.1. Global IoT sulutions market for energy industry share, By Applications, 2019 and 2026
    • 8.2. Mining
      • 8.2.1. Global IoT sulutions market for energy industry By Mining, 2016–2026(USD Billion)
    • 8.3. Oil & Gas
      • 8.3.1. Global IoT sulutions market for energy industry By Oil & Gas, 2016–2026(USD Billion)
  • Chapter 9. Company Profiles
    • 9.1. Carriots
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Service Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. AGT International
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Service Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. Davra Networks
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Service Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. Cisco
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Service Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. Telit
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Service Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. SAP SE
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Service Portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Development
    • 9.7. Maven Systems Pvt. Ltd.
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Service Portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Development
    • 9.8. Hortonworks Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Service Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Development
    • 9.9. Symboticware Inc.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Service Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Development
    • 9.10. Tego Inc.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Service Portfolio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Development
    • 9.11. Accenture
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Service Portfolio
      • 9.11.4. Business Strategy
      • 9.11.5. Recent Development

Methodology


Frequently Asked Questions

The key growth drivers that will leverage the market growth include ability of IoT solutions in saving maintenance costs, enhancing efficiency, resilience, and reliability of the (utility) firms in energy sector.

The CAGR of the industry is expected to be nearly over 30.2% during the forecast timespan.

North American region will contribute remarkably towards the global market size over the estimated timeline.

The key market participants include Carriots, AGT International, Davra Networks, Cisco, Telit, SAP SE, Maven Systems Pvt. Ltd., Hortonworks Inc., Symboticware Inc., Tego Inc., and Accenture.

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