The
Internet of Things is referred as an invisible and intelligent network of
devices which are connected by a common network. The Internet of Things (IoT)
is a sophisticated set of interconnected computers which can transmit data over
a network without the requirement of computer or human intervention. The
Internet of Things has made vital inroads into the energy production and
management sectors. IoT application in energy
coordinates IoT-based energy technologies for the oil and gas market,
electricity sector, coal sector and mining sector. Rapid increase of
urbanization across the world is transforming the way of using devices and
things existing in the technological environment. Internet of Things (IoT) in
energy sector comprises of devices and software which have connectivity feature
with internet. The devices are equipped with chips, sensors and others to improve
the user’s experience and to enhance the operational efficiency of the
operations in energy sector. These devices and software are efficient to operate
several tasks with less time consuming ways. The increasing requirement of internet
enabled devices and growing need of internet connectivity are few of the major
factors which are projected the positive growth of internet of things in energy
sector worldwide. Technological advancements in semiconductors provide the benefits
to develop lightweight and efficient devices which are highly smarter than the traditional
and heavy devices. Internet of things (IoT) in energy helps the sector to mitigate
the loss of resources and also assist them to optimize the utilization of
available resources through smart grids. Apart from this, the issues associated
to security and privacy of data and connectivity of devices is the significant
factor hampering the internet of things (IoT) in energy market growth.
In addition, the surging need of remote monitoring systems
and internet powered devices had supported the prominence of internet of things
(IoT) in energy sector particularly in utility and power distribution. These
devices and systems facilitate to operate efficiently and cater better to
consumers. Similarly, the energy management offer ease to several end-use
industries such as power, oil & gas and mining industries to reduce the
energy losses which further decreases the operational cost. Extensive
availability and diversity in technological devices are offering ease to the
energy sector to adopt latest technology.
The
global Internet of Things (IoT) in Energy Market is segregated on the basis of
component as Solution, Platforms and Services. Based on Technology the global Internet
of Things (IoT) in Energy Market is segmented in Cellular Network, Satellite
Network, Radio Network and Others. Based on Applications the global Internet of
Things (IoT) in Energy Market is segmented in Oil and Gas, Coal Mining and Smart
Grid.
The
global Internet of Things (IoT) in Energy Market report provides geographic
analysis covering regions, such as Europe, North America, Asia Pacific, and
Rest of The World. The Internet of Things (IoT) in Energy Market for each
region is further segmented for major countries including the U.S., Canada,
Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa,
and others.
Competitive Analysis
ABB, Aclara,
Actility, Agt International, Altair Engineering and others are among the major
players in the global Internet of Things (IoT) in Energy Market. The companies
studied in terms of product strategy and various n several growth and expansion
strategies to gain a competitive edge in the market. The major players not only
follow value chain integration with business operations in multiple stages of
the value chain.
- In March
2020, ABB introduced an open software platform to propel smart energy strategy
development.
- In
February 2020, Actility and Abeeway entered into a partnership with Favendo to
address German, Austrian, and Swiss tracking requirements.
- In
November 2019, IBM introduced Maximo Asset Monitor, a new AI-powered monitoring
solution.
- In
November 2019, Altair Engineering acquired DEM Solutions, makers of EDEM for mass
material simulation and for extending solver portfolio into DEM Analysis.
- In May
2019, Actility extended its presence in Ukraine and in the Kyrgyz Republic.
- In March
2020, Microsoft Corporation and Cisco Systems declared a partnership to allow
seamless data orchestration from Cisco IoT Edge to Azure IoT Cloud. One of the results
of this collaboration would be to offer customers a pre-integrated IoT
edge-to-cloud application solution.
The global Internet of Things (IoT) in Energy
Market has been segmented as below:
Internet
of Things (IoT) in Energy Market, By Component
- Solution
- Platforms
- Services
Internet
of Things (IoT) in Energy Market, By Technology
- Cellular Network
- Satellite Network
- Radio Network
- Others
Internet
of Things (IoT) in Energy Market, By Applications
- Oil and Gas
- Coal Mining
- Smart Grid
Internet
of Things (IoT) in Energy Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Internet
of Things (IoT) in Energy Market, By Company
- ABB
- Aclara
- Actility
- Agt International
- Altair Engineering
- Bosch
- Cisco
- Davra Networks
- Flutura
- HCL
- IBM
- Infosys
- Intel
- Rockwell Automation
- Sap
- Schneider Electric
- Siemens
- Smartgas
The
report covers the below scope:
- Global Internet of Things (IoT) in
Energy Market sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Internet of Things (IoT) in
Energy Market trends, covering comprehensive range of consumer trends &
manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Internet
of Things (IoT) in Energy Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Internet of Things (IoT) in Energy
Market report scope includes detailed study covering underlying factors
influencing the industry trends. The report covers analysis on regional and
country level market dynamics. The scope also covers competitive overview
providing company market shares along with company profiles for major revenue
contributing companies. The report scope includes detailed competitive outlook
covering market shares and profiles key participants in the global Internet of
Things (IoT) in Energy Market share. Major industry players with significant
revenue share include ABB, Aclara, Actility, Agt
International, Altair Engineering and
others.
Why to
Buy this Report:
- Gain detailed insights on the Internet of Things (IoT) in Energy industry trends
- Find complete analysis on the
market status
- Identify the Internet of Things
(IoT) in Energy Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement