IoT in Utilities Market

IoT in Utilities Market by Component (Platform, Solutions (Asset Monitoring and Management and CIS and Billing), Services), Application (Electricity Grid Management Water and Wastewater Management), Region - Global Forecast to 2024

Report Code: TC 4092 Jan, 2020, by marketsandmarkets.com

IoT in Utilities Market Share, Forecast & Growth Analysis

[155 Pages Report] The IoT in Utilities Market size as per revenue was reasonably estimated at $28.6 billion in 2019 and is anticipated to generate a revenue around $53.8 billion by the end of 2024. It is projected to grow at a faster Compound Annual Growth Rate (CAGR) of 13.5% from 2019 to 2024. The base year considered for estimation is 2018 and the historical data spans from 2019 to 2024.

The advent of IoT in utilities is expected to reduce challenges faced by the utility sector and help evolve it. The application of IoT in utilities will improve efficiency, generate revenue, and conserve enterprise resources. IoT sensors can optimize energy and water generation and distribution to help utility providers keep up with the increasing demand of utilities, such as water, gas, and electricity from consumers. Additionally, IoT sensors can improve workplace safety for oil and gas workers.

IoT in Utility Market

Based on component, the solutions segment to hold the largest IoT in Utilities Market size during the forecast period

IoT technology solutions help utilities to integrate various business processes that push the utility industry toward its growth phase in an exponential way. Integrating technologies with existing operations is expected to increase the overall operational efficiency of the utility enterprises with less infrastructure investment. The IoT technology is implemented across the entire utility value, such as energy generation, transmission, distribution, asset management, workforce management, security, energy management, consumer side analysis, infrastructure management, and remote surveillance and monitoring. This helps to reduce the downtime in providing utility services, provides consumer seamless experience, and increases overall operational efficiency of the organization.

Electricity grid management to hold the largest market size during the forecast period

An electric grid is majorly responsible for the efficient management and delivery of power to its end users. The application of network capabilities and computing intelligence as compared to a traditional grid can result in a smart, automated, and advanced grid. A grid having IoT capabilities has smart sensors, receivers, smart meters, and energy boxes which communicate with each other. In a traditional electricity grid, utility providers were informed about a power failure through customersl. However, with the Advanced Metering Infrastructure (AMI) in place, owing to the presence of Internet Protocol (IP) addresses and two-way communication across all components .  This leads to lower response time and real-time information about maintenance-related issues, leading to better management of electricity distribution. Electricity grid management encompasses all activities related to power transmission, outage management, demand response management, and maintenance of equipment. IoT solutions for utilities help in the seamless management  of all these activities.

IoT in Utility Market

North America to hold the largest IoT in Utilities Market size during the forecast period

North America has been at the forefront in the adoption of smart grid technology and a large share of the major utilities in the region is fully deployed or in the implementation or planning stages of full-scale rollouts. In the next few years, continued growth in North America is expected to be largely driven by large investor-owned utility providers in the US that are yet to roll out smart meters for their customers. Moreover, a large number of small cooperative and municipal utilities are expected to play a central role for growth penetration. In the US, dedicated smart grid legislation and smart meter penetration have seen remarkable adoption, with many leading utilities achieving close to full deployment. The increasing integration of decentralized and renewable generation sources and alternative performance-based ratemaking structures drive utility investment in automated and self-healing transmission and distribution infrastructure. Canada has reached a high penetration rate of smart meters through ambitious initiatives in its most populous provinces. Canadian utility companies are now focusing on deploying innovative solutions.

Key Market Players

Major vendors in the IoT in utilities market include IBM (US), Oracle (US), Verizon (US), Cisco (US), Vodafone (UK), Telit (UK), Landis Gyr (Switzerland), Itron (US), Schneider Electric (France), Huawei (China), Trimble (US), Aclara (US), Trilliant (US), Energyworx (Netherlands), HCL (India), Altair (US), Actility (France), Waviot (Russia), Rayven (Australia), Saviant Consulting (India), ABB (Switzerland), Siemens (Germany), Honeywell (US), and GE (US).

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

:

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

USD Million

Segments covered

Component (platform, solutions, and services), Solutions (asset monitoring and management, safety and security, SCADA, network management, network management, and CIS and billing), services (consulting, integration and deployment, and support and maintenance), application (water and wastewater management, utility gas management, and electricity grid management)

Geographies covered

North America, APAC, Europe, MEA, and Latin America

Companies covered

IBM (US), Oracle (US), Verizon (US), Cisco (US), Vodafone (UK), Telit (UK), Landis Gyr (Switzerland), Itron (US), Schneider Electric (France), Huawei (China), Trimble (US), Aclara (US), Trilliant (US), Energyworx (Netherlands), HCL (India), Altair (US), Actility (France), Waviot (Russia), Rayven (Australia), Saviant Consulting (India), ABB (Switzerland), Siemens (Germany), Honeywell (US), and GE (US)

The research report categorizes the IoT In Utilities market based on the component, solutions, services application, and region.

By Component:

  • Platform
  • Solutions
  • Services

IoT in Utilities Market By Solution:

By Service:

  • Consulting
  • Integration and Deployment
  • Support and Maintenance

IoT in Utilities Market By Application:

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

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Recent Developments:

  • In December 2019, Itron signed a contract with Brazilian utility company to modernize the water distribution system at the Consolidated Utility District (CUDRC). As per the contract, the utility will install Itron Smart Water Communication Modules throughout their 1,400 miles of water lines. CUDRC will leverage Itron’s network to improve operational efficiency, monitor water loss, and streamline meter reading.
  • In November 2019, Schneider Electric announced the release of EcoStruxure Distributed Energy Resource Management System (DERMS).. EcoStruxure DERMS will automate peak load management, load relief, voltage optimization, and Value-Added Reseller (VAR) support.
  • In October 2019, Brazilian electricity utility provider, Light partnered with Landis Gyr for the largest smart grid project in South America.

Key Questions Addressed by the Report:

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming industry solutions in the IoT in utilities market?
  • Which are the major factors expected to drive the market?
  • Which region would offer high growth for vendors in the market?

Frequently Asked Questions (FAQ):

 

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

 

 

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
    2.2 Market Breakup and Data Triangulation
           2.2.1 Key Industry Insights
    2.3 Market Size Estimation
    2.4 Market Forecast
    2.5 Competitive Leadership Mapping Methodology
    2.6 Assumptions for the Study
    2.7 Limitations of the Study

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the IoT in Utilities Market
    4.2 IoT in Utilities Market: Top 3 Components and Regions
    4.3 Market, By Region
    4.4 Market: Investment Scenario

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Trend of Deregulating the Utilities Industry
                    5.2.1.2 Need for Operational Efficiency and Control
           5.2.2 Restraints
                    5.2.2.1 Lack of Standards for Interconnectivity and Interoperability
           5.2.3 Opportunities
                    5.2.3.1 Increasing Smart Cities Initiatives Across the World
           5.2.4 Challenges
                    5.2.4.1 Need to Focus on Cost Management and High Return on Investment

6 IoT in Utilities Market, By Component (Page No. - 37)
    6.1 Introduction
    6.2 Platform
           6.2.1 IoT Platform Offers the Framework for Vendors to Develop the Solutions for the Utilities Industry
    6.3 Solutions
           6.3.1 Solutions Help Solve the Critical Challenges for Utilities Operations and Management
    6.4 Services
           6.4.1 Need for Consistent Performance of Solutions to Increase the Demand for Services in the IoT in Utilities Market

7 IoT in Utilities Market, By Solution (Page No. - 41)
    7.1 Introduction
    7.2 Asset Monitoring and Management
           7.2.1 Need for Consistent Performance of Assets and Reduced Downtime to Increase the Demand for Asset Monitoring and Management Solution
    7.3 Safety and Security
           7.3.1 High Number of IoT Devices Connected Across Platform to Increase the Demand for Safety and Security Solution
    7.4 Supervisory Control and Data Acquisition
           7.4.1 SCADA System Manages and Optimizes Generation and Transmission Processes of Utility Facilities
    7.5 Workforce Management
           7.5.1 Workforce Management to Help Monitor and Manage Human Resources More Efficiently for Avoiding Downtime of the System
    7.6 Network Management
           7.6.1 Network Management to Help Deliver Better Customer Services and Enhanced Operational Efficiencies
    7.7 Customer Information System and Billing System
           7.7.1 Cis and Billing System to Enable Utilities Organizations to be Timely and Proactive in Responding to Customer Requests, Market Forces, and Regulatory Changes

8 IoT in Utilities Market, By Service (Page No. - 49)
    8.1 Introduction
    8.2 Consulting
           8.2.1 Consulting Services to Help in Lowering Risks, Reducing Complexities, and Raising Return on Investment
    8.3 Integration and Deployment
           8.3.1 Integration and Deployment Services to Help in Creating High Opportunities and Accelerating Technological Innovations
    8.4 Support and Maintenance
           8.4.1 Support and Maintenance Services to Help in Improving Operational Plan and Control Over Systems

9 IoT in Utilities Market, By Application (Page No. - 54)
    9.1 Introduction
    9.2 Water and Wastewater Management
           9.2.1 IoT to Help Utilities Companies to Improve the Performance of the Water Distribution System
    9.3 Utility Gas Management
           9.3.1 Need for Efficient Operations in Gas Utility to Increase the Demand for IoT in Utilities
    9.4 Electricity Grid Management
           9.4.1 IoT to Help Power Companies in Providing Consistent Electricity to Customers

10 IoT in Utilities Market, By Region (Page No. - 59)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
                       10.2.1.1 Supportive Government Plans for Energy Optimization to Fuel the Growth of the Market in the US
             10.2.2 Canada
                       10.2.2.1 Government Initiatives to Optimize Utilities Operations to Fuel the Growth of Market
     10.3 Europe
             10.3.1 United Kingdom
                       10.3.1.1 Initiatives of Smart Cities to Fuel the Growth of Market
             10.3.2 Germany
                       10.3.2.1 Evolving Energy Policies and Changing Consumer Preferences to Fuel the Growth of  Market
             10.3.3 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                       10.4.1.1 Increasing Adoption of Building Automation Solutions to Fuel the Growth of Market
             10.4.2 Japan
                       10.4.2.1 Strong Government Initiatives to Drive the IoT in Utilities Market Growth
             10.4.3 India
                       10.4.3.1 Higher Demand for Optimizing Operations of Utilities to Increase the Demand for IoT in Utilities
             10.4.4 Rest of Asia Pacific
     10.5 Middle East and Africa
             10.5.1 Saudi Arabia
                       10.5.1.1 Rise in the Adoption of Connected Technologies in the Utilities Industry to Increase the Demand for Iot
             10.5.2 United Arab Emirates
                       10.5.2.1 Government Initiatives to Fuel the Growth of Market
             10.5.3 Rest of Middle East and Africa
     10.6 Latin America
             10.6.1 Brazil
                       10.6.1.1 Growing Initiatives of Utility Companies for Technological Adoption to Fuel the Growth of Market
             10.6.2 Mexico
                       10.6.2.1 Growing Initiatives of Green Buildings to Fuel the Growth of IoT in Utilities Market
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 100)
     11.1 Introduction
     11.2 Competitive Leadership Mapping (Overall Market)
             11.2.1 Visionary Leaders
             11.2.2 Dynamic Differentiators
             11.2.3 Innovators
             11.2.4 Emerging Companies

12 Company Profiles (Page No. - 102)
(Business Overview, Products Offered, Recent Developments, MnM View)*
     12.1 Introduction
     12.2 IBM
     12.3 Oracle
     12.4 Verizon
     12.5 Cisco
     12.6 Vodafone
     12.7 Telit
     12.8 Landis+Gyr
     12.9 Itron
     12.10 Schneider Electric
     12.11 Huawei
     12.12 Trimble
     12.13 ABB
     12.14 Honeywell
     12.15 Siemens
     12.16 General Electric
     12.17 Aclara
     12.18 Trilliant
     12.19 Energyworx
     12.20 HCL
     12.21 Altair
     12.22 Actility
     12.23 Waviot
     12.24 Rayven
     12.25 Saviant Consulting
     12.26 Right-To-Win

*Business Overview, Products Offered, Recent Developments, MnM View Might Not be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 148)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (108 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 4 Platform: Market Size, By Region, 2017–2024 (USD Million)
Table 5 Solutions: Market Size, By Region, 2017–2024 (USD Million)
Table 6 Services: Market Size, By Region, 2017–2024 (USD Million)
Table 7 IoT in Utilities Market Size, By Solution, 2017–2024 (USD Million)
Table 8 Asset Monitoring and Management: Market Size, By Region, 2017–2024 (USD Million)
Table 9 Safety and Security: Market Size, By Region, 2017–2024 (USD Million)
Table 10 SCADA: Market Size, By Region, 2017–2024 (USD Million)
Table 11 Workforce Management: Market Size, By Region, 2017–2024 (USD Million)
Table 12 Network Management: Market Size, By Region, 2017–2024 (USD Million)
Table 13 Cis and Billing System: Market Size, By Region, 2017–2024 (USD Million)
Table 14 IoT in Utilities Market Size, By Service, 2017–2024 (USD Million)
Table 15 Consulting: Market Size, By Region, 2017–2024 (USD Million)
Table 16 Integration and Deployment: Market Size, By Region, 2017–2024 (USD Million)
Table 17 Support and Maintenance: Market Size, By Region, 2017–2024 (USD Million)
Table 18 IoT in Utilities Market Size, By Application, 2017–2024 (USD Million)
Table 19 Water and Wastewater Management: Market Size, By Region, 2017–2024 (USD Million)
Table 20 Utility Gas Management: Market Size, By Region, 2017–2024 (USD Million)
Table 21 Electricity Grid Management: Market Size, By Region, 2017–2024 (USD Million)
Table 22 IoT in Utilities Market Size, By Region, 2017–2024 (USD Million)
Table 23 North America: Market Size, By Component, 2017–2024 (USD Million)
Table 24 North America: Market Size, By Solution, 2017–2024 (USD Million)
Table 25 North America: Market Size, By Service, 2017–2024 (USD Million)
Table 26 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 27 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 28 United States: Market Size, By Component, 2017–2024 (USD Million)
Table 29 United States: Market Size, By Solution, 2017–2024 (USD Million)
Table 30 United States: Market Size, By Service, 2017–2024 (USD Million)
Table 31 United States: Market Size, By Application, 2017–2024 (USD Million)
Table 32 Canada: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 33 Canada: Market Size, By Solution, 2017–2024 (USD Million)
Table 34 Canada: Market Size, By Service, 2017–2024 (USD Million)
Table 35 Canada: Market Size, By Application, 2017–2024 (USD Million)
Table 36 Europe: Market Size, By Component, 2017–2024 (USD Million)
Table 37 Europe: Market Size, By Solution, 2017–2024 (USD Million)
Table 38 Europe: Market Size, By Service, 2017–2024 (USD Million)
Table 39 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 40 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 41 United Kingdom: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 42 United Kingdom: Market Size, By Solution, 2017–2024 (USD Million)
Table 43 United Kingdom: Market Size, By Service, 2017–2024 (USD Million)
Table 44 United Kingdom: Market Size, By Application, 2017–2024 (USD Million)
Table 45 Germany: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 46 Germany: Market Size, By Solution, 2017–2024 (USD Million)
Table 47 Germany: Market Size, By Service, 2017–2024 (USD Million)
Table 48 Germany: Market Size, By Application, 2017–2024 (USD Million)
Table 49 Rest of Europe: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 50 Rest of Europe: Market Size, By Solution, 2017–2024 (USD Million)
Table 51 Rest of Europe: Market Size, By Service, 2017–2024 (USD Million)
Table 52 Rest of Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 53 Asia Pacific: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 54 Asia Pacific: Market Size, By Solution, 2017–2024 (USD Million)
Table 55 Asia Pacific: Market Size, By Service, 2017–2024 (USD Million)
Table 56 Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 57 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 58 China: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 59 China: Market Size, By Solution, 2017–2024 (USD Million)
Table 60 China: Market Size, By Service, 2017–2024 (USD Million)
Table 61 China: Market Size, By Application, 2017–2024 (USD Million)
Table 62 Japan: Market Size, By Component, 2017–2024 (USD Million)
Table 63 Japan: Market Size, By Solution, 2017–2024 (USD Million)
Table 64 Japan: IoT in Utilities Market Size, By Service, 2017–2024 (USD Million)
Table 65 Japan: Market Size, By Application, 2017–2024 (USD Million)
Table 66 India: Market Size, By Component, 2017–2024 (USD Million)
Table 67 India: Market Size, By Solution, 2017–2024 (USD Million)
Table 68 India: Market Size, By Service, 2017–2024 (USD Million)
Table 69 India: Market Size, By Application, 2017–2024 (USD Million)
Table 70 Rest of Asia Pacific: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 71 Rest of Asia Pacific: Market Size, By Solution, 2017–2024 (USD Million)
Table 72 Rest of Asia Pacific: Market Size, By Service, 2017–2024 (USD Million)
Table 73 Rest of Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 74 Middle East and Africa: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 75 Middle East and Africa: Market Size, By Solution, 2017–2024 (USD Million)
Table 76 Middle East and Africa: Market Size, By Service, 2017–2024 (USD Million)
Table 77 Middle East and Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 78 Middle East and Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 79 Saudi Arabia: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 80 Saudi Arabia: Market Size, By Solution, 2017–2024 (USD Million)
Table 81 Saudi Arabia: Market Size, By Service, 2017–2024 (USD Million)
Table 82 Saudi Arabia: Market Size, By Application, 2017–2024 (USD Million)
Table 83 United Arab Emirates: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 84 United Arab Emirates: Market Size, By Solution, 2017–2024 (USD Million)
Table 85 United Arab Emirates: Market Size, By Service, 2017–2024 (USD Million)
Table 86 United Arab Emirates: Market Size, By Application, 2017–2024 (USD Million)
Table 87 Rest of Middle East and Africa: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 88 Rest of Middle East and Africa: Market Size, By Solution, 2017–2024 (USD Million)
Table 89 Rest of Middle East and Africa: Market Size, By Service, 2017–2024 (USD Million)
Table 90 Rest of Middle East and Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 91 Latin America: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 92 Latin America: Market Size, By Solution, 2017–2024 (USD Million)
Table 93 Latin America: Market Size, By Service, 2017–2024 (USD Million)
Table 94 Latin America: Market Size, By Application, 2017–2024 (USD Million)
Table 95 Latin America: Market Size, By Country, 2017–2024 (USD Million)
Table 96 Brazil: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 97 Brazil: Market Size, By Solution, 2017–2024 (USD Million)
Table 98 Brazil: Market Size, By Service, 2017–2024 (USD Million)
Table 99 Brazil: Market Size, By Application, 2017–2024 (USD Million)
Table 100 Mexico: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 101 Mexico: Market Size, By Solution, 2017–2024 (USD Million)
Table 102 Mexico: Market Size, By Service, 2017–2024 (USD Million)
Table 103 Mexico: Market Size, By Application, 2017–2024 (USD Million)
Table 104 Rest of Latin America: IoT in Utilities Market Size, By Component, 2017–2024 (USD Million)
Table 105 Rest of Latin America: Market Size, By Solution, 2017–2024 (USD Million)
Table 106 Rest of Latin America: Market Size, By Service, 2017–2024 (USD Million)
Table 107 Rest of Latin America: Market Size, By Application, 2017–2024 (USD Million)
Table 108 Evaluation Criteria
 
 
List of Figures (42 Figures)
 
Figure 1 IoT in Utilities Market: Research Design
Figure 2 Data Triangulation
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue of Solutions/Services of the Market
Figure 4 Market Size Estimation Methodology: Approach 1 Bottom-Up (Supply Side): Collective Revenue of All Solutions/Services of the IoT in Utilities Market
Figure 5 Market Size Estimation Methodology: Approach 2 Top-Down (Demand Side): Share of IoT in Utilities Through the Overall IoT and Utility Spending
Figure 6 Competitive Leadership Mapping: Criteria Weightage
Figure 7 Market, Top 3 Segments, 2019
Figure 8 IoT in Utilities Market, By Component, 2019
Figure 9 Increasing Number of Connected Devices Across Utility Industry to Drive the Growth of the Market
Figure 10 Solutions Segment and North America to Hold the Highest Market Shares in 2019
Figure 11 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 12 Asia Pacific to Emerge as the Best Market for Investments During the Next 5 Years
Figure 13 IoT in Utilities Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Solutions Segment to Account for the Largest Market Size During the Forecast Period
Figure 15 Asset Monitoring and Management Segment to Account for the Largest Market Size During the Forecast Period
Figure 16 Integration and Deployment Segment to Account for the Largest Market Size During the Forecast Period
Figure 17 Electricity Grid Management Segment to Account for the Largest Market Size During the Forecast Period
Figure 18 Asia Pacific to Exhibit the Highest CAGR During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Asia Pacific: Market Snapshot
Figure 21 IoT in Utilities Market (Global) Competitive Leadership Mapping, 2019
Figure 22 IBM: Company Snapshot
Figure 23 IBM: SWOT Analysis
Figure 24 Oracle: Company Snapshot
Figure 25 Verizon: Company Snapshot
Figure 26 Cisco: Company Snapshot
Figure 27 Cisco: SWOT Analysis
Figure 28 Vodafone: Company Snapshot
Figure 29 Telit: Company Snapshot
Figure 30 Landis+Gyr: Company Snapshot
Figure 31 Landis Gyr: SWOT Analysis
Figure 32 Itron: Company Snapshot
Figure 33 Schneider Electric: Company Snapshot
Figure 34 Huawei: Company Snapshot
Figure 35 Trimble: Company Snapshot
Figure 36 ABB: Company Snapshot
Figure 37 ABB Group: SWOT Analysis
Figure 38 Honeywell: Company Snapshot
Figure 39 Honeywell: SWOT Analysis
Figure 40 Siemens: Company Snapshot
Figure 41 General Electric: Company Snapshot
Figure 42 General Electric: SWOT Analysis

The study involved 4 major steps to estimate the current market size for the Internet of Things in utilities market. An exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, to identify and collect information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, technology journals, and certified publications, such as Institute of Organisation for Economic Co-operation and Development (OECD) and International Energy Agency (IEA) referred to IoT in utilities; and articles from recognized authors, directories, and databases.

Primary Research

The IoT in utilities market comprises several stakeholders, such as platform, solution, and service providers, support and maintenance service providers, IoT enterprises, technology consultants, system design and development vendors, and utilitiy service providers. The extensive primary research was conducted to gather information, and verify and validate the critical numbers arrived at. Primary research was further conducted to identify the segmentation types; industry trends; key players; the competitive landscape of different market players; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies. Following is the breakup of the primary respondents:

IoT in Utility Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the overall size of the IoT in utilities market. These methods were used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets have been identified through extensive secondary research.
  • The IoT in utilities market expenditure across regions, along with the geographic split in various segments, have been considered to arrive at the overall market size.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand side and supply side in the IoT in utilities market.

Report Objectives:

  • To define, describe, and forecast the IoT in utilities market by component (platform, solutions and services), application, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
  • To analyze opportunities in the market and provide details about the competitive landscape for stakeholders and market leaders
  • To forecast the market size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To profile the key players and comprehensively analyze their market rankings and core competencies1
  • To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the market

1Core competencies of the companies have been captured in terms of their key developments and key strategies adopted by them to sustain their positions in the market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of additional countries in the APAC market
  • Further breakup of additional countries in the MEA market
  • Further breakup of additional countries in the European market

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
TC 4092
Published ON
Jan, 2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the IoT in Utilities Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback