Key Findings
The Asia-Pacific IoT in energy & utility application market is set to record a CAGR of 11.13% during the forecast period, 2022-2030. A rapidly growing youth population, the growing use of IoT devices, and notable production of IoT-based applications are expected to propel market growth.

Market Insights
The Asia-Pacific IoT in energy & utility application market growth analysis entails the evaluation of India, Vietnam, Singapore, Australia & New Zealand, Japan, South Korea, Indonesia, China, and Rest of Asia-Pacific. Indonesia has a large-scale use of IoT in energy & utility applications ranging from garbage collection to the usage of heavy equipment. Moreover, Indonesian start-ups are also attempting to make IoT more sustainable in the mining sector as these solutions are expected to enhance service efficiency.

On the other hand, Vietnam is rapidly advancing towards the fourth industrial revolution. As a result, IoT is becoming increasingly popular in every sector. Further, foreign firms are leveraging this technology in various industries and developing potential applications for e-health, smart agriculture, smart real estate, etc. These advancements support the demand for IoT in energy & utility applications in Vietnam.

Furthermore, Japan’s Ministry of Internal Affairs and Communications (MIC) established the u-Japan policy to accelerate the recognition of the IoT system to increase its popularity among business-to-business clients and in smart devices purchased by Japanese consumers. Hence, government initiatives are expected to drive the Japan IoT in energy & utility application market growth.

Competitive Insights
Some of the key market players include Infosys Ltd, IBM, Wipro Ltd, Cisco Systems Inc, Capgemini 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