Probiotics in Animal Feed Market Size 2025 Top Companies, Trend Analysis, Current Growth, Business Strategy and Forecast 2032
Internet of Things (IoT) in the Energy Market was valued at approximately USD 26.7 billion in 2023, and is expected to grow to USD 75.0 billion by 2032, registering a CAGR of ~12.2% from 2024 to 2032 These numbers reflect the accelerating integration of connected thermostats, sensors, and AI-driven analytics across utilities, renewables, and industrial energy applications.
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Market Estimation, Growth Drivers & Opportunities
IoT solutions include smart meters, sensor networks, platforms, analytics software, and cybersecurity services—deployed in smart grids, oil & gas, digital oilfields, coal mining, and more
Key growth drivers:
Smart-grid modernization: Utilities worldwide are deploying real-time fault detection, automated meter management, and demand response systems
AI/ML integration: Embedded cognitive tools now enable predictive maintenance and proactive grid operations .
Renewables & DER integration: IoT is vital for managing distributed energy resources and enhancing grid flexibility
Cybersecurity demands: Rising cyber threats have increased investment in IoT security, a fast-growing subsegment
IoT telecom advances: Cellular (including NB-IoT), satellite, and private 5G networks are enabling robust connectivity.
Opportunities lie in deploying IoT in EV charging networks, behind-the-meter systems, virtual power plants, decarbonized transmission infrastructure, and emissions monitoring platforms.
U.S. Market: Trends & Investment
The U.S. IoT-in-energy market was estimated at USD 8.4 billion in 2024, projected to reach USD 31.5 billion by 2034 (CAGR ~14.2%)
Key developments:
Grid resilience initiatives: Federal and state pilot programs are supporting IoT-enabled substation upgrades and DER integration .
AI-powered grid modernization: Utilities like Duke Energy are piloting predictive analytics with IoT sensors to identify transformer faults and reduce outages
Private sector tech investment: BP Energy Partners recently backed Smart Wires with USD 65 million to deploy IoT-enabled power-flow control for utilities in the U.S. and UK.
Support for data center growth: Driven by AI-led electricity demand, utilities are expanding IoT infrastructure to maintain reliability in data-center hotspots
Market Segmentation: Leading Segments
By Application:
Smart grid leads with ~38–39% share in 2024, driven by real-time monitoring and grid-edge intelligence.
Oil & gas and coal mining are significant sectors, with IoT used for asset health and operational safety
By Component:
Hardware platforms accounted for ~41% spending in 2024.
Security services are the fastest-growing software subsegment (CAGR ~17.9%).
By Connectivity:
Cellular/NB-IoT dominates current network deployments, while private 5G and satellite connectivity are gaining traction
By Deployment:
On-premise systems remain essential for utilities requiring high security.
Cloud-based platforms are the fastest-growing model, offering scalability and AI analytics
Competitive Analysis: Top 5 Companies
1. Siemens AG – Provides grid IoT platforms (MindSphere) and sensor-to-cloud solutions for utilities worldwide.
2. IBM – Delivers Maximo Asset Monitor and Watson IoT to utilities for asset management and predictive maintenance
3. Cisco – Offers industrial IoT network infrastructure used by energy providers for secure, edge-to-cloud connectivity
4. Honeywell – Combines IoT, AI, and 5G in their Forge.AI platform, supporting energy asset monitoring globally, including utility pilots in India and North America
5. Itron – A leader in smart meters and AMI solutions, integrating IoT with demand-response tools used by utilities worldwide
Other major players include Schneider Electric, ABB, GE, Oracle, and Rockwell Automation—spanning hardware, analytics, connectivity, and security offerings
Regional Analysis: USA, UK, Germany, France, Japan, China
United States (~37% global IoT energy share): Leading grid modernization efforts, regulatory backing, and investments in pilot programs and data-center grid resilience .
UK & Europe (Germany, France): Benefit from the Energy Independence and Security Act, FERC mandates, and EU-level carbon compliance—leading to high IoT adoption in smart grids and renewables
China: Strong APAC IoT-in-energy growth (~36% share) due to focus on smart meter deployment, DER integration, and 5G connectivity
Japan: IoT use is rising in commercial buildings and microgrid pilot programs as part of national energy efficiency goals.
Conclusion
The IoT in Energy Market is on track to skyrocket—from USD 26.7 billion in 2023 to USD 75 billion by 2032, growing at ~12% CAGR Its expansion is fueled by smart-grid modernization, AI/ML-enabled analytics, DER integration, cybersecurity needs, and data-driven operational excellence.
Strategic opportunities include:
Broad deployment of AI-powered predictive maintenance across grid assets.
Scaling IoT-enabled EV charging networks and virtual power plant platforms.
Rolling out cloud-native analytics for distributed renewables and behind-the-meter systems.
Adoption of hybrid connectivity—combining cellular, 5G, and satellite—for universal coverage.
Advancing cybersecurity and regulatory compliance to secure the increasingly connected energy system.
About us
Phase 3,Navale IT Zone, S.No. 51/2A/2,
Office No. 202, 2nd floor,
Near, Navale Brg,Narhe,
Pune, Maharashtra 411041
+91 9607365656
[email protected]Probiotics in Animal Feed Market Size 2025 Top Companies, Trend Analysis, Current Growth, Business Strategy and Forecast 2032
Internet of Things (IoT) in the Energy Market was valued at approximately USD 26.7 billion in 2023, and is expected to grow to USD 75.0 billion by 2032, registering a CAGR of ~12.2% from 2024 to 2032 These numbers reflect the accelerating integration of connected thermostats, sensors, and AI-driven analytics across utilities, renewables, and industrial energy applications.
Request Free Sample Report:https://www.stellarmr.com/report/req_sample/Internet-of-Things--IoT--in-the-Energy-Market/400
Market Estimation, Growth Drivers & Opportunities
IoT solutions include smart meters, sensor networks, platforms, analytics software, and cybersecurity services—deployed in smart grids, oil & gas, digital oilfields, coal mining, and more
Key growth drivers:
Smart-grid modernization: Utilities worldwide are deploying real-time fault detection, automated meter management, and demand response systems
AI/ML integration: Embedded cognitive tools now enable predictive maintenance and proactive grid operations .
Renewables & DER integration: IoT is vital for managing distributed energy resources and enhancing grid flexibility
Cybersecurity demands: Rising cyber threats have increased investment in IoT security, a fast-growing subsegment
IoT telecom advances: Cellular (including NB-IoT), satellite, and private 5G networks are enabling robust connectivity.
Opportunities lie in deploying IoT in EV charging networks, behind-the-meter systems, virtual power plants, decarbonized transmission infrastructure, and emissions monitoring platforms.
U.S. Market: Trends & Investment
The U.S. IoT-in-energy market was estimated at USD 8.4 billion in 2024, projected to reach USD 31.5 billion by 2034 (CAGR ~14.2%)
Key developments:
Grid resilience initiatives: Federal and state pilot programs are supporting IoT-enabled substation upgrades and DER integration .
AI-powered grid modernization: Utilities like Duke Energy are piloting predictive analytics with IoT sensors to identify transformer faults and reduce outages
Private sector tech investment: BP Energy Partners recently backed Smart Wires with USD 65 million to deploy IoT-enabled power-flow control for utilities in the U.S. and UK.
Support for data center growth: Driven by AI-led electricity demand, utilities are expanding IoT infrastructure to maintain reliability in data-center hotspots
Market Segmentation: Leading Segments
By Application:
Smart grid leads with ~38–39% share in 2024, driven by real-time monitoring and grid-edge intelligence.
Oil & gas and coal mining are significant sectors, with IoT used for asset health and operational safety
By Component:
Hardware platforms accounted for ~41% spending in 2024.
Security services are the fastest-growing software subsegment (CAGR ~17.9%).
By Connectivity:
Cellular/NB-IoT dominates current network deployments, while private 5G and satellite connectivity are gaining traction
By Deployment:
On-premise systems remain essential for utilities requiring high security.
Cloud-based platforms are the fastest-growing model, offering scalability and AI analytics
Competitive Analysis: Top 5 Companies
1. Siemens AG – Provides grid IoT platforms (MindSphere) and sensor-to-cloud solutions for utilities worldwide.
2. IBM – Delivers Maximo Asset Monitor and Watson IoT to utilities for asset management and predictive maintenance
3. Cisco – Offers industrial IoT network infrastructure used by energy providers for secure, edge-to-cloud connectivity
4. Honeywell – Combines IoT, AI, and 5G in their Forge.AI platform, supporting energy asset monitoring globally, including utility pilots in India and North America
5. Itron – A leader in smart meters and AMI solutions, integrating IoT with demand-response tools used by utilities worldwide
Other major players include Schneider Electric, ABB, GE, Oracle, and Rockwell Automation—spanning hardware, analytics, connectivity, and security offerings
Regional Analysis: USA, UK, Germany, France, Japan, China
United States (~37% global IoT energy share): Leading grid modernization efforts, regulatory backing, and investments in pilot programs and data-center grid resilience .
UK & Europe (Germany, France): Benefit from the Energy Independence and Security Act, FERC mandates, and EU-level carbon compliance—leading to high IoT adoption in smart grids and renewables
China: Strong APAC IoT-in-energy growth (~36% share) due to focus on smart meter deployment, DER integration, and 5G connectivity
Japan: IoT use is rising in commercial buildings and microgrid pilot programs as part of national energy efficiency goals.
Conclusion
The IoT in Energy Market is on track to skyrocket—from USD 26.7 billion in 2023 to USD 75 billion by 2032, growing at ~12% CAGR Its expansion is fueled by smart-grid modernization, AI/ML-enabled analytics, DER integration, cybersecurity needs, and data-driven operational excellence.
Strategic opportunities include:
Broad deployment of AI-powered predictive maintenance across grid assets.
Scaling IoT-enabled EV charging networks and virtual power plant platforms.
Rolling out cloud-native analytics for distributed renewables and behind-the-meter systems.
Adoption of hybrid connectivity—combining cellular, 5G, and satellite—for universal coverage.
Advancing cybersecurity and regulatory compliance to secure the increasingly connected energy system.
About us
Phase 3,Navale IT Zone, S.No. 51/2A/2,
Office No. 202, 2nd floor,
Near, Navale Brg,Narhe,
Pune, Maharashtra 411041
+91 9607365656
[email protected]
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