| Product Code: ETC13394861 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Internet of Things in Energy Market was valued at USD 29.4 Billion in 2024 and is expected to reach USD 65.2 Billion by 2031, growing at a compound annual growth rate of 11.00% during the forecast period (2025-2031).
The Global Internet of Things in Energy market is experiencing significant growth driven by the increasing adoption of IoT solutions in the energy sector to optimize operations, enhance efficiency, and reduce costs. IoT technologies enable real-time monitoring and control of energy infrastructure, predictive maintenance, and asset management. Key trends include the integration of IoT with renewable energy sources, smart grids, and energy management systems. The market is characterized by the presence of major players offering a wide range of IoT solutions tailored to the specific needs of the energy industry. North America and Europe are leading regions in terms of IoT adoption in the energy sector, while Asia Pacific is expected to witness rapid growth due to increasing investments in smart energy initiatives. The market is poised for further expansion with advancements in IoT technologies and the ongoing digital transformation of the energy industry.
The Global Internet of Things (IoT) in Energy Market is experiencing significant growth driven by the increasing demand for efficient energy management solutions. Key trends include the adoption of smart meters and sensors for real-time monitoring, predictive maintenance, and optimization of energy consumption. IoT technology enables energy companies to enhance grid reliability, reduce operational costs, and improve overall energy efficiency. Opportunities in the market lie in the development of innovative IoT platforms and solutions tailored to the specific needs of the energy sector, as well as collaborations between IoT providers and energy companies to co-create value-added services. The integration of IoT with renewable energy sources and the implementation of advanced analytics and machine learning algorithms are expected to further drive growth and create new revenue streams in the Global IoT in Energy Market.
In the Global Internet of Things (IoT) in Energy Market, challenges include interoperability issues among various IoT devices and platforms, data security and privacy concerns, lack of standardized protocols, and the complexity of integrating IoT solutions into existing energy infrastructure. Additionally, ensuring reliable connectivity in remote or harsh environments poses a challenge, as well as the need for skilled professionals to manage and analyze the vast amount of data generated by IoT devices. Regulatory hurdles and the high initial investment required for implementing IoT solutions in the energy sector are also significant challenges that companies face. Overcoming these obstacles will be crucial for maximizing the benefits of IoT technology in improving energy efficiency, optimizing operations, and driving innovation in the energy industry.
The Global Internet of Things (IoT) in Energy Market is being driven by several key factors. First, the increasing demand for efficient energy management and optimization in industries and households is propelling the adoption of IoT solutions. IoT technology allows for real-time monitoring and control of energy consumption, leading to cost savings and improved sustainability. Second, the growing focus on renewable energy sources and the need for better integration of distributed energy resources are driving the implementation of IoT in the energy sector. Additionally, government initiatives promoting smart grid infrastructure and energy efficiency are further accelerating the uptake of IoT solutions in the energy industry. Overall, the drive towards sustainability, efficiency, and improved operational performance is fueling the growth of the Global IoT in Energy Market.
Government policies related to the Global Internet of Things in Energy Market vary by country, but some common trends include promoting smart grid technologies, incentivizing energy efficiency through IoT applications, and setting standards for data security and privacy. For example, in the United States, the Department of Energy has initiatives to support grid modernization efforts that incorporate IoT solutions, while the European Union has regulations such as the General Data Protection Regulation (GDPR) that impact IoT data handling. Additionally, countries like China have introduced policies to accelerate the adoption of IoT in the energy sector, aiming to improve energy management and sustainability. Overall, governments are increasingly recognizing the importance of IoT in energy systems and are taking steps to facilitate its deployment while ensuring compliance with relevant regulations.
The Global Internet of Things (IoT) in Energy Market is poised for significant growth in the coming years as the adoption of IoT technology in the energy sector continues to expand. With the increasing focus on energy efficiency, grid optimization, and sustainability, IoT solutions are becoming essential for monitoring and managing energy consumption, predicting equipment failures, and optimizing energy distribution. The integration of IoT devices with renewable energy sources and smart grids will further drive market growth. Additionally, advancements in big data analytics and artificial intelligence will enhance the capabilities of IoT platforms, providing more insights and driving operational efficiency in the energy sector. As a result, the Global IoT in Energy Market is expected to experience substantial growth and innovation in the foreseeable future.
In the Global Internet of Things in Energy Market, Asia-Pacific is expected to witness significant growth due to the increasing adoption of smart grid technologies in countries like China and India. North America is a key market player, driven by the presence of established IoT companies and ongoing investments in smart energy infrastructure. Europe is focusing on sustainability and energy efficiency, leading to a rising demand for IoT solutions in the energy sector. The Middle East and Africa region are gradually embracing IoT technologies to improve energy management and optimize resource utilization. Latin America is also showing promising growth opportunities, with governments promoting digital transformation in the energy industry to enhance operational efficiency and reduce costs. Overall, the global IoT in energy market is poised for substantial growth across all regions.
Global Internet of Things (IoT) in Energy Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Internet of Things (IoT) in Energy Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Internet of Things (IoT) in Energy Market Revenues & Volume, 2021 & 2031F |
3.3 Global Internet of Things (IoT) in Energy Market - Industry Life Cycle |
3.4 Global Internet of Things (IoT) in Energy Market - Porter's Five Forces |
3.5 Global Internet of Things (IoT) in Energy Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Internet of Things (IoT) in Energy Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Global Internet of Things (IoT) in Energy Market Revenues & Volume Share, By Network Technology, 2021 & 2031F |
3.8 Global Internet of Things (IoT) in Energy Market Revenues & Volume Share, By Solution, 2021 & 2031F |
3.9 Global Internet of Things (IoT) in Energy Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.10 Global Internet of Things (IoT) in Energy Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Internet of Things (IoT) in Energy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Internet of Things (IoT) in Energy Market Trends |
6 Global Internet of Things (IoT) in Energy Market, 2021 - 2031 |
6.1 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Component, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Platform, 2021 - 2031 |
6.1.3 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Solutions, 2021 - 2031 |
6.1.4 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Services, 2021 - 2031 |
6.2 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Network Technology, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Cellular Network, 2021 - 2031 |
6.2.3 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Satellite Network, 2021 - 2031 |
6.2.4 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Radio Network, 2021 - 2031 |
6.2.5 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Solution, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Asset Management, 2021 - 2031 |
6.3.3 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Safety, 2021 - 2031 |
6.3.4 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Connected Logistics, 2021 - 2031 |
6.3.5 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Compliance and Risk Management, 2021 - 2031 |
6.3.6 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Data Management and Analytics, 2021 - 2031 |
6.3.7 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By SCADA, 2021 - 2031 |
6.3.8 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Mobile Workforce Management, 2021 - 2031 |
6.3.9 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Network Management, 2021 - 2031 |
6.4 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Service, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Consulting, 2021 - 2031 |
6.4.3 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Integration and Deployment, 2021 - 2031 |
6.4.4 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Support and Maintenance, 2021 - 2031 |
6.5 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Application, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Oil and Gas, 2021 - 2031 |
6.5.3 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Coal Mining, 2021 - 2031 |
6.5.4 Global Internet of Things (IoT) in Energy Market, Revenues & Volume, By Smart Grid, 2021 - 2031 |
7 North America Internet of Things (IoT) in Energy Market, Overview & Analysis |
7.1 North America Internet of Things (IoT) in Energy Market Revenues & Volume, 2021 - 2031 |
7.2 North America Internet of Things (IoT) in Energy Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Internet of Things (IoT) in Energy Market, Revenues & Volume, By Component, 2021 - 2031 |
7.4 North America Internet of Things (IoT) in Energy Market, Revenues & Volume, By Network Technology, 2021 - 2031 |
7.5 North America Internet of Things (IoT) in Energy Market, Revenues & Volume, By Solution, 2021 - 2031 |
7.6 North America Internet of Things (IoT) in Energy Market, Revenues & Volume, By Service, 2021 - 2031 |
7.7 North America Internet of Things (IoT) in Energy Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Internet of Things (IoT) in Energy Market, Overview & Analysis |
8.1 Latin America (LATAM) Internet of Things (IoT) in Energy Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Internet of Things (IoT) in Energy Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Internet of Things (IoT) in Energy Market, Revenues & Volume, By Component, 2021 - 2031 |
8.4 Latin America (LATAM) Internet of Things (IoT) in Energy Market, Revenues & Volume, By Network Technology, 2021 - 2031 |
8.5 Latin America (LATAM) Internet of Things (IoT) in Energy Market, Revenues & Volume, By Solution, 2021 - 2031 |
8.6 Latin America (LATAM) Internet of Things (IoT) in Energy Market, Revenues & Volume, By Service, 2021 - 2031 |
8.7 Latin America (LATAM) Internet of Things (IoT) in Energy Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Internet of Things (IoT) in Energy Market, Overview & Analysis |
9.1 Asia Internet of Things (IoT) in Energy Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Internet of Things (IoT) in Energy Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Internet of Things (IoT) in Energy Market, Revenues & Volume, By Component, 2021 - 2031 |
9.4 Asia Internet of Things (IoT) in Energy Market, Revenues & Volume, By Network Technology, 2021 - 2031 |
9.5 Asia Internet of Things (IoT) in Energy Market, Revenues & Volume, By Solution, 2021 - 2031 |
9.6 Asia Internet of Things (IoT) in Energy Market, Revenues & Volume, By Service, 2021 - 2031 |
9.7 Asia Internet of Things (IoT) in Energy Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Internet of Things (IoT) in Energy Market, Overview & Analysis |
10.1 Africa Internet of Things (IoT) in Energy Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Internet of Things (IoT) in Energy Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Internet of Things (IoT) in Energy Market, Revenues & Volume, By Component, 2021 - 2031 |
10.4 Africa Internet of Things (IoT) in Energy Market, Revenues & Volume, By Network Technology, 2021 - 2031 |
10.5 Africa Internet of Things (IoT) in Energy Market, Revenues & Volume, By Solution, 2021 - 2031 |
10.6 Africa Internet of Things (IoT) in Energy Market, Revenues & Volume, By Service, 2021 - 2031 |
10.7 Africa Internet of Things (IoT) in Energy Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Internet of Things (IoT) in Energy Market, Overview & Analysis |
11.1 Europe Internet of Things (IoT) in Energy Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Internet of Things (IoT) in Energy Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Internet of Things (IoT) in Energy Market, Revenues & Volume, By Component, 2021 - 2031 |
11.4 Europe Internet of Things (IoT) in Energy Market, Revenues & Volume, By Network Technology, 2021 - 2031 |
11.5 Europe Internet of Things (IoT) in Energy Market, Revenues & Volume, By Solution, 2021 - 2031 |
11.6 Europe Internet of Things (IoT) in Energy Market, Revenues & Volume, By Service, 2021 - 2031 |
11.7 Europe Internet of Things (IoT) in Energy Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Internet of Things (IoT) in Energy Market, Overview & Analysis |
12.1 Middle East Internet of Things (IoT) in Energy Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Internet of Things (IoT) in Energy Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Internet of Things (IoT) in Energy Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Internet of Things (IoT) in Energy Market, Revenues & Volume, By Component, 2021 - 2031 |
12.4 Middle East Internet of Things (IoT) in Energy Market, Revenues & Volume, By Network Technology, 2021 - 2031 |
12.5 Middle East Internet of Things (IoT) in Energy Market, Revenues & Volume, By Solution, 2021 - 2031 |
12.6 Middle East Internet of Things (IoT) in Energy Market, Revenues & Volume, By Service, 2021 - 2031 |
12.7 Middle East Internet of Things (IoT) in Energy Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Internet of Things (IoT) in Energy Market Key Performance Indicators |
14 Global Internet of Things (IoT) in Energy Market - Export/Import By Countries Assessment |
15 Global Internet of Things (IoT) in Energy Market - Opportunity Assessment |
15.1 Global Internet of Things (IoT) in Energy Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Internet of Things (IoT) in Energy Market Opportunity Assessment, By Component, 2021 & 2031F |
15.3 Global Internet of Things (IoT) in Energy Market Opportunity Assessment, By Network Technology, 2021 & 2031F |
15.4 Global Internet of Things (IoT) in Energy Market Opportunity Assessment, By Solution, 2021 & 2031F |
15.5 Global Internet of Things (IoT) in Energy Market Opportunity Assessment, By Service, 2021 & 2031F |
15.6 Global Internet of Things (IoT) in Energy Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Internet of Things (IoT) in Energy Market - Competitive Landscape |
16.1 Global Internet of Things (IoT) in Energy Market Revenue Share, By Companies, 2024 |
16.2 Global Internet of Things (IoT) in Energy Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |