Key Findings
The North America IoT in energy & utility application market is estimated to record a CAGR of 9.77% during the forecast period, 2022-2030. The market growth is driven by surging demand and production of energy, benefits of IoT in value chain optimization, and increasing demand among end-users.

Market Insights
The North America IoT in energy & utility application market growth analysis includes the evaluation of United States and Canada. Canada has recently witnessed a boost in investment by several multinational companies for their upcoming projects. Further, government initiatives to introduce energy-efficient residential buildings in several parts of the country are expected to significantly propel the demand for IoT in energy & utility applications.

Besides, IoT devices, data center management software, integration software, and reduced power usage enabled the creation of affordable cloud computing solutions in Canada. Due to its shared cost module, data analytics is now employed in various applications, including seismic data processing and reservoir modeling. Hence cost-effectiveness and wide-scale adoption of this software drive the market growth of IoT in energy & utility applications during the forecast period.

Competitive Insights
Some of the key market players are IBM, Capgemini SE, Oracle Corp, General Electric Company, Aclara Technologies LLC, 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