IoT Utilities Market Size | Industry Trends & Growth Insights 2025

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Code: MTA10105

Publication Date: Oct 2025

What is the size of the IoT Utilities Market?

According to 6Wresearch internal database and industry insights, the Global IoT Utilities Market was valued at USD 3.6 Billion in 2024 and is expected to reach USD 5.2 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).

The key contributors to this development include the expansion of smart grid solutions, the increase in demand for effective resource management, and IoT solutions that drive operational efficiency and improve the reliability of services in the utility sector.

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Growth Factors for IoT Utilities Industry

Adoption of smart meters and sensors for real-time measurements and data collection.
Implementation of preventive maintenance techniques to reduce downtime and repair operational costs.
Integration of renewable energy developments requires increasingly sophisticated grid management solutions.
Demand for better customer engagement through digital channels and services.
Government regulatory and financial incentives to promote the development of smart infrastructure.

IoT Utilities Market Trends

The IoT Utilities Market is witnessing significant trends as the utility providers gradually adopt connected technologies to enhance operational efficiency, infrastructure dependability, and the delivery of service to customers. Smart grid technologies, real-time data analytics, and automation in operations are revolutionising traditional utility operations. Further, the emergence of renewable energy sources and emphasis on sustainability in energy use have increased the demand for advanced IoT-based solutions. These trends empower utilities to improve resource management, lower costs, and improve service dependability.

Emerging Developments in the IoT Utilities Market

Emerging developments in the IoT Utilities market include the deployment of advanced metering infrastructure and the integration of artificial intelligence for predictive analytics. Utilities are leveraging IoT solutions to monitor and control power distribution, optimize water consumption, and improve overall service delivery. The rise of smart city initiatives is further accelerating the adoption of IoT technologies in utility sectors. Additionally, advancements in edge computing are enabling real-time data processing, enhancing operational efficiency and decision-making capabilities.