ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

ICT | AI and IoT

ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

Market by Connectivity, Component, End-user, and Country Outlook | Forecast 2022-2028

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Based on Triton’s research report, the Asia-Pacific IoT in energy & utility application market is anticipated to witness growth at a CAGR of 13.54% during the forecasting years 2022-2028.


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The countries considered in the given region include:

•         China

•         Japan

•         India

•         South Korea

•         ASEAN Countries

•         Australia & New Zealand

•         Rest of Asia-Pacific

In the Asia-Pacific, China captures the majority of the share in the IoT in energy & utility application market. During COVID-19, the market witnessed significant growth, owing to the rise in investments across industries. This was on account of increasing IoT integration with other technologies. As per estimates, the region is anticipated to witness newer internet of things applications across industries, including energy and utility. Besides this, the availability of low-cost hardware and software has enhanced the demand for IoT integration. Therefore, as stated above, these factors are expected to propel the IoT in energy & utility application market on a progressive path.

Industry sources indicate that China is gearing to surpass the US as the leader in the IoT sector by 2024. The Red Dragon’s IoT expenditure is anticipated to cross around $300 billion over the upcoming years. The internet of things has witnessed significant adoption across multiple industries, including consumer electronics, automation, industrial, and energy. Additionally, narrowband IoT is becoming a major trend in the country as it surges power consumption, system capacity, and spectrum efficiency. Hence, such developments are likely to boost the IoT in energy & utility application market’s growth.

Japan is considered a major technologically advanced nation. IoT companies are expected to witness substantial growth due to government support. For instance, the Ministry of Internal Affairs and Communication introduced the u-Japan Policy to accelerate IoT popularity among consumers and businesses. Such government measures enhance the adoption of IoT, thereby driving the IoT in energy & utility application market.

Cellular technologies are reliable and secure, creating a strong foundation for IoT connectivity with a combination of performance and functionality. It connects physical objects to the internet via existing mobile networks. This ultimately eliminates the need to invest and develop a dedicated network infrastructure for IoT devices. The market is examined on the basis of connectivity, end-user, and component. The connectivity segment is bifurcated into cellular and non-cellular.

Schneider Electric, Cisco Systems Inc, Infosys Ltd, Wipro Ltd, and BuildingIQ Inc are notable companies mentioned in the market report.

Infosys Ltd is an IT company providing business consulting, software, business process management, technology, and engineering services. Moreover, it also offers wealth solutions to its wide client base. The company caters to clients across aerospace, healthcare, communication services, financial, energy, industries, and other sectors. Infosys is headquartered in Bengaluru, Karnataka, India, with operations spread across multiple regions.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies

     Comprehensive information and estimation of the IoT in energy & utility application market revenue growth in the Asia-Pacific and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Analysis

   A wide-ranging study of factors that will challenge the APAC IoT in energy & utility application market’s growth during the upcoming years

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Table of Content

1. ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON IOT IN THE ENERGY & UTILITY APPLICATION MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASING ECONOMIC VALUE OF IOT

2.2.2. INCREASE IN MICROGRIDS CONTROL SYSTEM USE

2.2.3. SIGNIFICANT INVESTMENTS IN RESEARCH & DEVELOPMENT ACTIVITIES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. KEY IMPACT ANALYSIS

2.4.1. MODE OF DEPLOYMENT

2.4.2. PRICE

2.4.3. APPLICATION

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. INDUSTRY COMPONENTS

2.8. KEY MARKET STRATEGIES

2.8.1. ACQUISITIONS

2.8.2. PRODUCT LAUNCHES

2.8.3. PARTNERSHIPS

2.9. MARKET DRIVERS

2.9.1. EMPHASIS ON A GREENER ENVIRONMENT SURGING ENERGY AND UTILITY ANALYTICS DEMAND

2.9.2. INCREASING CONSUMPTION AND DEMAND FOR ENERGY GENERATION

2.9.3. GROWING CONSUMER FOCUS ON ENERGY CONSUMPTION PATTERN ANALYSIS

2.9.4. DECLINE IN PRICES OF IOT COMPONENTS AND AVAILABILITY OF NEXT-GENERATION SENSORS

2.9.5. IMPROVEMENT IN THE OIL & GAS INDUSTRY OPERATIONS

2.9.6. DEMAND FOR AUTOMATION TOOLS IN ENERGY MANAGEMENT

2.10. MARKET CHALLENGES

2.10.1. SECURITY CONCERNS

2.10.2. NEED FOR HIGH CAPITAL INVESTMENT FOR DEPLOYMENT

2.10.3. LACK OF SKILLED EMPLOYEES

2.10.4. IOT INTEGRATION WITH SUBSYSTEMS

2.11. MARKET OPPORTUNITIES

2.11.1. NEED FOR REAL-TIME MONITORING SYSTEMS IN THE MINING & PETROLEUM INDUSTRIES

2.11.2. RISING ADOPTION OF CLOUD TECHNOLOGY IN UTILITY & ENERGY ANALYTICS

2.11.3. INCREASING SHARE OF RENEWABLE ENERGY SECTOR IN ELECTRICITY GENERATION

3. ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY CONNECTIVITY

3.1. NON-CELLULAR

3.2. CELLULAR

4. ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY COMPONENT

4.1. HARDWARE

4.1.1. DEVICES

4.1.2. SENSORS

4.1.3. OTHER HARDWARE COMPONENTS

4.2. SERVICES

4.2.1. DEPLOYMENT & INTEGRATION

4.2.2. SUPPORT AND MAINTENANCE

4.2.3. PROFESSIONAL SERVICES

4.3. SOFTWARE

4.3.1. OPERATIONAL CONTROL

4.3.2. ANALYTICS

4.3.3. SECURITY

4.3.4. GRID MANAGEMENT

4.3.5. WATER MANAGEMENT

5. ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY END-USER

5.1. OIL & GAS

5.2. UTILITY GAS MANAGEMENT

5.3. ELECTRICITY GRID & SUPPLY MANAGEMENT

5.4. MINING

5.5. WATER MANAGEMENT

6. ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION INDUSTRY – COUNTRY OUTLOOK

6.1. CHINA

6.2. JAPAN

6.3. INDIA

6.4. SOUTH KOREA

6.5. ASEAN COUNTRIES

6.6. AUSTRALIA & NEW ZEALAND

6.7. REST OF ASIA-PACIFIC

7. COMPETITIVE LANDSCAPE

7.1. ACLARA TECHNOLOGIES LLC

7.2. CAPGEMINI SE

7.3. ABB LTD

7.4. IBM

7.5. GENERAL ELECTRIC COMPANY

7.6. SAS INSTITUTE

7.7. SIEMENS

7.8. SAP SE

7.9. SCHNEIDER ELECTRIC

7.10. BUILDINGIQ INC

7.11. TERADATA CORPORATION

7.12. CISCO SYSTEMS INC

7.13. INFOSYS LTD

7.14. WIPRO LTD

7.15. EATON CORPORATION PLC

7.16. ORACLE CORPORATION

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LIST OF ACQUISITIONS

TABLE 4: LIST OF PRODUCT LAUNCHES

TABLE 5: LIST OF PARTNERSHIPS

TABLE 6: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: KEY BUYING IMPACT ANALYSIS

FIGURE 2: MARKET ATTRACTIVENESS INDEX

FIGURE 3: INDUSTRY COMPONENTS

FIGURE 4: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, CONNECTIVITY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 5: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2022-2028 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2022-2028 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

FIGURE 8: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, HARDWARE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 10: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2022-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2022-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, SERVICES OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT & INTEGRATION, 2022-2028 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT & MAINTENANCE, 2022-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL SERVICES, 2022-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, SOFTWARE OUTLOOK, 2021 & 2028 (IN %)

FIGURE 20: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL, 2022-2028 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2022-2028 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2022-2028 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 24: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 25: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %)

FIGURE 26: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS, 2022-2028 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 28: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ELECTRICITY GRID & SUPPLY MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 29: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2022-2028 (IN $ MILLION)

FIGURE 30: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2028 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 32: NUMBER OF IOT CONNECTIONS IN CHINA (2018-2022)

FIGURE 33: CHINA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: JAPAN IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 35: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: KOREA'S IOT ASIA-PACIFIC COMPETITIVENESS COMPARED TO USA = 100% IN 2020 (IN %)

FIGURE 37: SOUTH KOREA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 38: ASEAN COUNTRIES IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 39: AUSTRALIA & NEW ZEALAND IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

FIGURE 40: REST OF ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

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