Internet Of Things (IoT) in Energy Market is expected to reach $48.78 Billion by 2028: COVID Impact, Opportunities, Trends and Forecast

Release Month: April 2021

Evolve business intelligence, published a new market research report on The global Internet of Things (IoT) in Energy market size was valued at $20.01 Billion in 2020 and is expected to reach $48.78 Billion by 2028 growing at the CAGR of 11.67% from 2021 to 2028.”

For more information on the report:

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the internet of things (IoT) in energy market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The Network Technology trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the internet of things (IoT) in energy market report also includes the following data points:

  • COVID19 Impact on internet of things (IoT) in energy market size
  • Network Technology/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in the internet of things (IoT) in energy market

The recent COVID scenario is expected to have a positive impact on the internet of things (IoT) in energy market. Due to the increasing spread of Coronavirus, several companies are working with a limited workforce leading to delays in work/production. This has impacted the market in the years 2020 and 2021.

Competitive Scenario
Some of the major internet of things (IoT) in energy players holding high market share include IBM, ABB, Intel, and Siemens. These players use new product development, partnership, and acquisition as key strategies to gain significant market share to compete with market leaders.

Segmental Analysis
The internet of things (IoT) in energy market is analyzed across the below-mentioned different segments:

  • Service
    • Consulting
    • Integration and Deployment
    • Support and Maintenance
    • Others
  • Solution
    • Asset Management
    • Safety
    • Connected Logistics
    • Compliance and Risk Management
    • Data Management and Analytics
    • SCADA
    • Mobile Workforce Management
    • Network Management
    • Energy Management
    • Others
  • Application
    • Oil and Gas
    • Coal Mining
    • Smart Grid
    • Others
  • Network Technology
    • Cellular Network
    • Satellite Network
    • Radio Network
    • Others

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the internet of things (IoT) in energy market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:

  • IBM
  • Actility
  • ABB
  • SAP
  • Cisco Systems
  • Siemens
  • Intel
  • AGT International
  • Davra Networks
  • smartGAS

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Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants’ financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives

  • To define, describe, and forecast the internet of things (IoT) in energy market, in terms of value, segmented based on indication, type, technology, and geography
  • To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, and opportunities, in the internet of things (IoT) in energy market
  • To provide an overview of the value chain analysis pertaining to the internet of things (IoT) in energy industry
  • To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall internet of things (IoT) in energy market
  • To analyze opportunities in the market by identifying high-growth segments of the internet of things (IoT) in energy market
  • To profile key players in the internet of things (IoT) in energy market and comprehensively analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global internet of things (IoT) in energy market

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

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