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Global Internet of Things in Energy Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Internet of Things in Energy

Internet of Things in Energy Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Internet of Things in Energy market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Connectivity and Integrated Solutions Expected to Hold Significant Share

– The Internet of Things has provided the integrated solution by creating an interactive ecosystem that helps in streamlining the flow of information, monitoring the data, leveraging predictive asset management, reducing manual processes, reducing cost overheads, and adding more reliability to the existing systems.
– The Internet of Things is also making great strides with technological advances, like the evolution of Nano Technology and intelligent server management, diluting the obstacles. By these integrated solutions the industries like solar, oil, gas, hydro, wind and thermal are effectively getting benefited.
– The connectivity solution of IoT in the energy sector has provided the solution for energy inefficiencies and spiraling the costs of equipment maintenance. For instance, oil fields at remote locations have isolated data centers, which are important to get offloaded into a centralized repository as a cloud, for better management and processing of information across supply chains. IoT provides for this uniform distribution of data in real-time for incremental improvements in energy utilization and efficiency, eliminating any possibility of wastage.
– According to Energy.gov. in the United States, 30% of the energy used in an average commercial building is being wasted. So, environmental impact assessment (EIA) stated that the industries in the US have cut down coal energy consumption for electricity by 14-22% as a result of their effective usage of the existing IoT technologies.

Asia-Pacific Region to Witness the Highest Growth

– The Asia-Pacific region is expected to register the highest growth rate over the forecast period, driven by the rising adoption of cloud platforms across the sector coupled with government initiative for smart grid modernization across China and India.
– Asia-Pacific generates the highest amount of energy in the world. The region has 48 countries and most of the countries have a strong focus on energy generation. Further, with the highest number of plants, the significant requirement for solutions ensuring safety and security is expected to drive the growth of the market studied in the region.
– Many countries in this region especially the Southeast Asian countries are testing and implementing smart grids through their smart grid projects. The countries are installing smart meters, demand response, and battery storage.
– In China, the Energy Technology Revolution Action Plan (2016–2030) concentrates on battery storage and set targets to demonstrate and extend the 100 MW level each for redox battery, sodium-sulfur cell, and lithium-ion battery storage systems by 2020.

Market Overview:

  • The internet of things in the energy market was valued at USD 12.84 billion in 2018 and is expected to reach USD 33.34 billion by 2024 and with a CAGR of 17.24% during the forecast period of 2019–2024. The Internet of Things (IoT) is expected to make a significant impact on the energy sector. From monitoring the temperature of a room using sensors to complex applications that are used to control the energy use of an entire building, IoT helps in cost-cutting.
  • – The decreasing natural resources that produce energy and the increasing wastage of energy has drawn the attention of various nations across the world to innovate in solutions that reduce energy wastage and adopt solutions offering high efficiency.
  • – A predictive analytics network monitoring the data collected from sensors embedded in power grids and machinery can reduce energy transmission and distribution losses to make energy consumption across the world highly efficient and cost-effective.
  • – Companies, such as Nixus Solutions offer connected solutions to monitor and reduce energy consumption in buildings. Aquicore is also developing an analytics platform that connects to energy meters, that have already been installed, enabling organizations to make decisions that improve staff productivity and reduce energy wastage.
  • – However, integrating new sustainable distributed energy resource (DER) into the existing grid is designed to distribute centrally generated energy, is quite challenging. <

    Key Manufacturers Like 

  • AGT International
  • Carriots S.L.
  • Cisco Systems Inc.
  • Davra Networks
  • Flutura Business Solutions LLC
  • IBM Corporation
  • Intel Corporation
  • Maven Systems Private Limited
  • SAP SE
  • Wind River Systems Inc..

    Scope of the Report:

  • IoT technology in the energy sector is cutting costs and creating more productive, connected buildings. The internet of things in the energy market provides different solutions in terms of hardware, software, services, and connectivity and integrated solutions.

    Internet of Things in Energy market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Internet of Things in Energy market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Internet of Things in Energy market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Internet of Things in Energy market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Internet of Things in Energy market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Internet of Things in Energy ?
    • Who are Opportunities, Risk and Driving Force of Internet of Things in Energy market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Internet of Things in Energy space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Internet of Things in Energy market opportunities, market risk and market overview of the Market?

    Lastly, the Global Internet of Things in Energy Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Internet of Things in Energy Market Report:

    • To provide a detailed analysis of the market structure along with the Internet of Things in Energy market forecast of various segments and sub-segments of the Internet of Things in Energy market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Internet of Things in Energy market trends that influence the global Internet of Things in Energy market

    Detailed TOC of Internet of Things in Energy Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Force Analysis
    4.2.1 Threat of New Entrants
    4.2.2 Bargaining Power of Buyers/Consumers
    4.2.3 Bargaining Power of Suppliers
    4.2.4 Threat of Substitute Products
    4.2.5 Intensity of Competitive Rivalry
    4.3 Value Chain / Supply Chain Analysis

    5 MARKET DYNAMICS
    5.1 INTRODUCTION to Market Drivers and Restraints
    5.2 Market Drivers
    5.2.1 Growing Awareness of Energy Consumption Control
    5.3 Market Restraints
    5.3.1 High Risk Associated with Data

    6 MARKET SEGMENTATION
    6.1 By Solution
    6.1.1 Hardware
    6.1.1.1 Smart Thermostats
    6.1.1.2 Smart Meters
    6.1.1.3 EV Charging Stations
    6.1.1.4 Other Types of Hardware
    6.1.2 Software
    6.1.2.1 Analytics Software
    6.1.2.2 Platforms
    6.1.2.3 Middleware
    6.1.2.4 Other Types of Software
    6.1.3 Service
    6.1.3.1 Managed
    6.1.3.2 Professional
    6.1.4 Connectivity and Integrated Solutions
    6.1.4.1 Security
    6.1.4.2 Monitoring and Controlling
    6.1.4.3 Product Optimization
    6.1.4.4 Other Types of Connectivity and Integrated Solutions
    6.2 Geography
    6.2.1 North America
    6.2.2 Europe
    6.2.3 Asia-Pacific
    6.2.4 Latin America
    6.2.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 AGT International
    7.1.2 Carriots S.L.
    7.1.3 Cisco Systems Inc.
    7.1.4 Davra Networks
    7.1.5 Flutura Business Solutions LLC
    7.1.6 IBM Corporation
    7.1.7 Intel Corporation
    7.1.8 Maven Systems Private Limited
    7.1.9 SAP SE
    7.1.10 Wind River Systems Inc.

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

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