EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

ICT | AI and IoT

EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

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

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According to Triton’s report, the IoT in energy & utility application market in Europe is projected to progress with a compound annual growth rate of 12.65% over the forecasted period 2022-2028.


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The countries explored in the considered region consist of:

•         The United Kingdom

•         Germany

•         France

•         Spain

•         Italy

•        Nordic Region

•        The Netherlands

•         Rest of Europe

Germany holds the major share in the IoT in energy & utility application market. The region’s market is anticipated to grow significantly over the forecast period, owing to IoT adoption to boost productivity and efficiency. The installation of the internet of things has helped companies make real-time decisions. Numerous IoT technology advancements have proved beneficial in the energy sector, including energy-efficient technologies driven by IoT platforms and big data analytics. In this regard, smart meters based on energy-saving IoT are widely adopted in the region. Thus, such developments play a major role in supporting the studied market’s growth.

In Germany, various types of business and service models turn towards the implementation of edge devices, sensors, and IoT platforms. The optimal operation of the local energy system with the help of IoT devices and optimization models has taken precedence. Moreover, consumers expect their system to function similarly to the public power system. To prevent battery failure or other issues, IoT provides flexibility for the grid. This has led numerous companies to deploy IoT solutions. For instance, Kerlink, a specialist in IoT solutions, and Zenner IoT Solutions GmbH collaborated to deploy LoRaWAN across the nation. Thus, these factors are likely to fuel the IoT in energy & utility application market over the forecast period.

Several large mining companies are planning and evaluating ways to commence their digital journey, managing daily operations. IoT in the mining industry helps cost optimization and ensures productivity through sensors on equipment. Moreover, it ensures the safety of people and equipment by monitoring ventilation and toxicity levels in real time. This, in turn, enables faster and more efficient evacuations. The market is assessed as per end-user, component, and connectivity. Based on end-user, it is segmented into mining, oil & gas, electricity grid and supply management, water management, and utility gas management.

The prominent enterprises in the studied market consist of ABB Ltd, SAP SE, IBM, General Electric Company, SAS Institute, and Siemens.

SAP SE is engaged in offering enterprise software solutions. It provides customer relationships, data, human capital, and supply chain management solutions. Moreover, it offers commerce, finance, human resource, asset management, supply chain, analytics, and others. The company serves clients across numerous industries, including natural resources, energy, financial, and discrete manufacturing. SAP has operations across the globe, with headquarters located in Walldorf, Germany.

 

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 Europe 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 Europe IoT in energy & utility application market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. EUROPE 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 DEMAND FOR ENERGY AND UTILITY ANALYTICS

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. EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY CONNECTIVITY

3.1. NON-CELLULAR

3.2. CELLULAR

4. EUROPE 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. EUROPE 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. EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET – COUNTRY OUTLOOK

6.1. UNITED KINGDOM

6.2. GERMANY

6.3. FRANCE

6.4. ITALY

6.5. SPAIN

6.6. NORDIC REGION

6.7. NETHERLANDS

6.8. REST OF EUROPE

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: EUROPE 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: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

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

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

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

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

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

TABLE 12: EUROPE 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: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, CONNECTIVITY OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 25: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, END-USERS OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

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

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

FIGURE 32: UNITED KINGDOM IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

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

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

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

FIGURE 36: SPAIN IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

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

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

FIGURE 39: REST OF EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

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