Global IoT Utilities Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI05241767

Publication Date:

May 20, 2024

Pages:

107

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Internet [2]

Computing & Electronics [3]

Description:

According to our Publisher latest study, the global IoT Utilities market size was valued at US$ 5508.3 million in 2023. With growing demand in downstream market, the IoT Utilities is forecast to a readjusted size of US$ 11970 million by 2030 with a CAGR of 11.7% during review period.
The research report highlights the growth potential of the global IoT Utilities market. IoT Utilities are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of IoT Utilities. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the IoT Utilities market.
The Internet of things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data,creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.The utility industry continues to face difficulty related to the complexity and high costs associated with maintaining their assets. Increasing incidents of cyber threats poses significant challenge to the industry growth. IoT technology is witnessing huge adoption in industries to remote monitoring of assets, pre-identification of faults and restoring without actually visiting the facility. Also, the implementation of the technology for electricity grid management is helping the companies to achieve their goals of efficiency, reliability and environmental responsibility.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Key Features:
The report on IoT Utilities market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the IoT Utilities market. It may include historical data, market segmentation by Type (e.g., Sensor, Rfid), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the IoT Utilities market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the IoT Utilities market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the IoT Utilities industry. This include advancements in IoT Utilities technology, IoT Utilities new entrants, IoT Utilities new investment, and other innovations that are shaping the future of IoT Utilities.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the IoT Utilities market. It includes factors influencing customer ' purchasing decisions, preferences for IoT Utilities product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the IoT Utilities market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting IoT Utilities market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the IoT Utilities market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the IoT Utilities industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the IoT Utilities market.
Market Segmentation:
IoT Utilities market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Sensor
Rfid
Connectivity Technologies
Others
Segmentation by application
Electricity Grid Management
Gas Management
Waste Management
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Bosch Software Innovations
Cisco Systems
General Electric
Hitachi
Honeywell International
Huawei Technologies
IBM Corporation
Intel Corporation
Microsoft Corporation
NEC Corporation

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global IoT Utilities Market Size 2019-2030
2.1.2 IoT Utilities Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 IoT Utilities Segment by Type
2.2.1 Sensor
2.2.2 Rfid
2.2.3 Connectivity Technologies
2.2.4 Others
2.3 IoT Utilities Market Size by Type
2.3.1 IoT Utilities Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global IoT Utilities Market Size Market Share by Type (2019-2024)
2.4 IoT Utilities Segment by Application
2.4.1 Electricity Grid Management
2.4.2 Gas Management
2.4.3 Waste Management
2.4.4 Others
2.5 IoT Utilities Market Size by Application
2.5.1 IoT Utilities Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global IoT Utilities Market Size Market Share by Application (2019-2024)
3 IoT Utilities Market Size by Player
3.1 IoT Utilities Market Size Market Share by Players
3.1.1 Global IoT Utilities Revenue by Players (2019-2024)
3.1.2 Global IoT Utilities Revenue Market Share by Players (2019-2024)
3.2 Global IoT Utilities Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 IoT Utilities by Regions
4.1 IoT Utilities Market Size by Regions (2019-2024)
4.2 Americas IoT Utilities Market Size Growth (2019-2024)
4.3 APAC IoT Utilities Market Size Growth (2019-2024)
4.4 Europe IoT Utilities Market Size Growth (2019-2024)
4.5 Middle East & Africa IoT Utilities Market Size Growth (2019-2024)
5 Americas
5.1 Americas IoT Utilities Market Size by Country (2019-2024)
5.2 Americas IoT Utilities Market Size by Type (2019-2024)
5.3 Americas IoT Utilities Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC IoT Utilities Market Size by Region (2019-2024)
6.2 APAC IoT Utilities Market Size by Type (2019-2024)
6.3 APAC IoT Utilities Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe IoT Utilities by Country (2019-2024)
7.2 Europe IoT Utilities Market Size by Type (2019-2024)
7.3 Europe IoT Utilities Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa IoT Utilities by Region (2019-2024)
8.2 Middle East & Africa IoT Utilities Market Size by Type (2019-2024)
8.3 Middle East & Africa IoT Utilities Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global IoT Utilities Market Forecast
10.1 Global IoT Utilities Forecast by Regions (2025-2030)
10.1.1 Global IoT Utilities Forecast by Regions (2025-2030)
10.1.2 Americas IoT Utilities Forecast
10.1.3 APAC IoT Utilities Forecast
10.1.4 Europe IoT Utilities Forecast
10.1.5 Middle East & Africa IoT Utilities Forecast
10.2 Americas IoT Utilities Forecast by Country (2025-2030)
10.2.1 United States IoT Utilities Market Forecast
10.2.2 Canada IoT Utilities Market Forecast
10.2.3 Mexico IoT Utilities Market Forecast
10.2.4 Brazil IoT Utilities Market Forecast
10.3 APAC IoT Utilities Forecast by Region (2025-2030)
10.3.1 China IoT Utilities Market Forecast
10.3.2 Japan IoT Utilities Market Forecast
10.3.3 Korea IoT Utilities Market Forecast
10.3.4 Southeast Asia IoT Utilities Market Forecast
10.3.5 India IoT Utilities Market Forecast
10.3.6 Australia IoT Utilities Market Forecast
10.4 Europe IoT Utilities Forecast by Country (2025-2030)
10.4.1 Germany IoT Utilities Market Forecast
10.4.2 France IoT Utilities Market Forecast
10.4.3 UK IoT Utilities Market Forecast
10.4.4 Italy IoT Utilities Market Forecast
10.4.5 Russia IoT Utilities Market Forecast
10.5 Middle East & Africa IoT Utilities Forecast by Region (2025-2030)
10.5.1 Egypt IoT Utilities Market Forecast
10.5.2 South Africa IoT Utilities Market Forecast
10.5.3 Israel IoT Utilities Market Forecast
10.5.4 Turkey IoT Utilities Market Forecast
10.5.5 GCC Countries IoT Utilities Market Forecast
10.6 Global IoT Utilities Forecast by Type (2025-2030)
10.7 Global IoT Utilities Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 ABB
11.1.1 ABB Company Information
11.1.2 ABB IoT Utilities Product Offered
11.1.3 ABB IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 ABB Main Business Overview
11.1.5 ABB Latest Developments
11.2 Bosch Software Innovations
11.2.1 Bosch Software Innovations Company Information
11.2.2 Bosch Software Innovations IoT Utilities Product Offered
11.2.3 Bosch Software Innovations IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Bosch Software Innovations Main Business Overview
11.2.5 Bosch Software Innovations Latest Developments
11.3 Cisco Systems
11.3.1 Cisco Systems Company Information
11.3.2 Cisco Systems IoT Utilities Product Offered
11.3.3 Cisco Systems IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Cisco Systems Main Business Overview
11.3.5 Cisco Systems Latest Developments
11.4 General Electric
11.4.1 General Electric Company Information
11.4.2 General Electric IoT Utilities Product Offered
11.4.3 General Electric IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 General Electric Main Business Overview
11.4.5 General Electric Latest Developments
11.5 Hitachi
11.5.1 Hitachi Company Information
11.5.2 Hitachi IoT Utilities Product Offered
11.5.3 Hitachi IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Hitachi Main Business Overview
11.5.5 Hitachi Latest Developments
11.6 Honeywell International
11.6.1 Honeywell International Company Information
11.6.2 Honeywell International IoT Utilities Product Offered
11.6.3 Honeywell International IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Honeywell International Main Business Overview
11.6.5 Honeywell International Latest Developments
11.7 Huawei Technologies
11.7.1 Huawei Technologies Company Information
11.7.2 Huawei Technologies IoT Utilities Product Offered
11.7.3 Huawei Technologies IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Huawei Technologies Main Business Overview
11.7.5 Huawei Technologies Latest Developments
11.8 IBM Corporation
11.8.1 IBM Corporation Company Information
11.8.2 IBM Corporation IoT Utilities Product Offered
11.8.3 IBM Corporation IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 IBM Corporation Main Business Overview
11.8.5 IBM Corporation Latest Developments
11.9 Intel Corporation
11.9.1 Intel Corporation Company Information
11.9.2 Intel Corporation IoT Utilities Product Offered
11.9.3 Intel Corporation IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Intel Corporation Main Business Overview
11.9.5 Intel Corporation Latest Developments
11.10 Microsoft Corporation
11.10.1 Microsoft Corporation Company Information
11.10.2 Microsoft Corporation IoT Utilities Product Offered
11.10.3 Microsoft Corporation IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Microsoft Corporation Main Business Overview
11.10.5 Microsoft Corporation Latest Developments
11.11 NEC Corporation
11.11.1 NEC Corporation Company Information
11.11.2 NEC Corporation IoT Utilities Product Offered
11.11.3 NEC Corporation IoT Utilities Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 NEC Corporation Main Business Overview
11.11.5 NEC Corporation Latest Developments
12 Research Findings and Conclusion

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