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GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2022-2030

·3-min read
ReportLinker
ReportLinker

KEY FINDINGS The global IoT in energy & utility applications market is set to project a CAGR of 10. 39% during the forecast period, 2022-2030. The market growth is enabled by the increasing consumption and demand for energy generation, emphasis on a greener environment, growing consumer focus on energy consumption, and improvement in the operations of the oil & gas industry,

New York, May 31, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "GLOBAL IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2022-2030" - https://www.reportlinker.com/p05285062/?utm_source=GNW

MARKET INSIGHTS
An increase in globalization in emerging countries, growing income levels, and higher rates of upward mobility are driving the need for higher energy consumption and therefore supporting the demand of IoT in energy & utility applications.Moreover, traditional energy production and supply methods are not sufficient to address growing demand.

In contrast, IoT increases efficiency and reduces operational costs, hence easing the adoption of IoT infrastructure among companies.
Further, enterprises face disintegration and new challenges with rapidly evolving technologies where every device is inter-connectable.IoT provides the solution they require by collecting data, offering interoperability, and an end-to-end collaboration between the internet and devices.

The application eases the overall operations, securing a rapidly growing demand among various industries.

REGIONAL INSIGHTS
The global IoT in energy & utility applications market evaluation entails the assessment of North America, Asia-Pacific, Europe, and Rest of World. Asia-Pacific is predicted to propel with the highest CAGR by 2030, owing to the high demand for energy across various sectors and government initiatives to achieve energy efficiency.

COMPETITIVE INSIGHTS
Industry rivalry in IoT in the energy & utility application market is comparatively high as the existing players have strongly penetrated the market and possess successful strategies to develop new and innovative products to secure their position among the competitors.
Some of the key market players include Schneider Electric SE, General Electric Company, Siemens Aktiengesellschaft, SAS Institute INC, SAP SE, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. ABB LTD
2. ACLARA TECHNOLOGIES LLC
3. BUILDINGIQ INC
4. CAPGEMINI SE
5. CISCO SYSTEMS INC
6. EATON CORPORATION PLC
7. GENERAL ELECTRIC COMPANY
8. INFOSYS LIMITED
9. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
10. ORACLE CORPORATION
11. SAP SE
12. SAS INSTITUTE INC
13. SCHNEIDER ELECTRIC SE
14. SIEMENS AKTIENGESELLSCHAFT
15. TERADATA CORPORATION
16. WIPRO LIMITED
Read the full report: https://www.reportlinker.com/p05285062/?utm_source=GNW

About Reportlinker
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