The global IOT in energy and utility application market stood at $20779 million in 2017. Over the forecast period of 2018-2026, the market is expected to grow with 22.41% CAGR and collect a net total of $ 128229 million.
The global IOT in energy and utility application market is segmented on the basis of technology, connectivity and end-users. The technology segment of the market is further segmented into hardware, services, and software. The connectivity segment of the global IOT market is divided into cellular and non-cellular connectivity. The various end-users for the global IOT in energy and utility market include areas like oil and gas, water management, mining, electricity and grid supply management, utility and gas management, etc.
Region-wise, the global IOT in energy and utility application market is segmented into Europe, North America, Asia-Pacific and rest of world. The North American market collected the highest revenue share in 2017 and is expected to maintain its dominance throughout the forecast period. The U.S is a major contributor from this region, accounting for almost 32.88% market share of the overall global market in 2016. On the other hand, the Asia-Pacific IOT in energy and utility application market is predicted to rise with the highest CAGR by the end of 2026. Also, it is expected to account for a market share of 20% by 2026. The oil and gas sector is the most prominent end user in this region.
Some notable players in this market are Amplia Soluciones S.L, Aclara Technologies, C3 Inc, Cisco Systems Inc, Carriots S.L, Davra Networks Limited, General Electric Corp, Energyworx B.V, Grid4c, IBM Corp, Waviot, Honeywell International Inc, Networked Energy Services (NES) Corp, Osisoft Llc, Northwest Analytics Inc, Qualcomm Incorporated, Sap Se, Robert Bosch Gmbh,Silver Spring Networks Inc, Teradata Corp, Symboticware Inc, and Trilliant Incorporated