Market by Connectivity, Component, End-user, and Country Outlook | Forecast 2022-2028
As per Triton Market
Research’s report, the IoT in energy & utility application market in Latin
America is set to advance with a CAGR of
13.16% during the forecasted period from 2022 to 2028.
Report scope can be customized per your requirements. Request For Customization
The
countries evaluated in the region are:
•
Brazil
•
Mexico
•
Rest of Latin America
Brazil
captures the highest share in the IoT in energy & utility application
market. In the region,
the internet of things is gaining prominence in the public safety sector, as it
helps make operations more reliable and efficient. Moreover, smart electric
meters to monitor energy use and demand are highly demanded across the region.
In this regard, the internet of things helps real time monitoring of
electricity distribution. Therefore, as stated above, these factors are
anticipated to widen the scope of the IoT in energy & utility application
market across the region.
In Brazil, the government published the National
Plan for the IoT that aims to develop its application in health, agribusiness,
smart cities, and industry. This plan also states that investments in human
capital, innovation, technology, and regulation are vital for IoT integration
across industries. Additionally, the country’s regulatory aspects focus on
ensuring the flexibility of IoT services. The introduction of new laws ensures
the privacy of citizens, which creates a high demand for IoT. Therefore, the
rising development of IoT in the nation, particularly to resolve issues in the
health, energy, and environment sector, drives the IoT in energy & utility
application market.
On the other hand, Mexico has widely adopted IoT
technology. For instance, thousands of drinking fountains have been installed
to provide efficient water services through IoT. Besides this, as per
estimates, the number of IoT devices operating in the country is expected to
reach around 247 million by 2023. Thus, the growing demand for the internet of
things boosts the IoT in energy & utility application market on a
progressive path.
Smart meters are becoming popular among
consumers as they display energy consumption and indicate which appliances
consume the most energy. A smart gas utility system enhances operations and
ensures safety. Since gas leaks are a major concern, IoT-connected solutions
prevent hazardous events by alerting officials and homeowners in case of leaks.
The market’s growth is assessed in terms
of end-user, connectivity, and component. The end-user segment includes
utility gas management, electricity grid & supply management, oil &
gas, mining, and water management.
Some
of the leading companies in the market include Capgemini SE, ABB Ltd, Aclara
Technologies LLC, General Electric Company, and IBM.
General Electric Company is an industrial
corporation that provides financial services, along with industrial equipment.
It offers various products and services, including power generation, financing,
and industrial products. Moreover, the company provides working capital and
insurance services. It serves clients across oil & gas, telecommunication,
water, mining, healthcare, power, and other sectors. General Electric has
operations in multiple regions, including Latin America.
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 Latin America 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
● A wide-ranging study of factors that will challenge the LA 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.
Market by Security Testing Typ ..
VIEW REPORT1. LATIN
AMERICA 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. LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY
CONNECTIVITY
3.1. NON-CELLULAR
3.2. CELLULAR
4. LATIN
AMERICA 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. LATIN
AMERICA 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. LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET – COUNTRY OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
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
TABLE 1: LATIN AMERICA
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: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN
$ MILLION)
TABLE 7: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, 2022-2028 (IN $
MILLION)
TABLE 8: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $
MILLION)
TABLE 9: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2028 (IN $
MILLION)
TABLE 10: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $
MILLION)
TABLE 11: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, 2022-2028 (IN $
MILLION)
TABLE 12: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, 2022-2028 (IN $
MILLION)
FIGURE 1: KEY BUYING
IMPACT ANALYSIS
FIGURE 2: MARKET
ATTRACTIVENESS INDEX
FIGURE 3: INDUSTRY
COMPONENTS
FIGURE 4: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, CONNECTIVITY OUTLOOK, 2021
& 2028 (IN %)
FIGURE 5: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2022-2028 (IN
$ MILLION)
FIGURE 6: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2022-2028 (IN $
MILLION)
FIGURE 7: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, COMPONENT OUTLOOK, 2021 &
2028 (IN %)
FIGURE 8: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $
MILLION)
FIGURE 9: LATIN AMERICA
IOT IN ENERGY & UTILITY APPLICATION MARKET, HARDWARE OUTLOOK, 2021 &
2028 (IN %)
FIGURE 10: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2022-2028
(IN $ MILLION)
FIGURE 11: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2022-2028
(IN $ MILLION)
FIGURE 12: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE
COMPONENTS, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2028
(IN $ MILLION)
FIGURE 14: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, SERVICES OUTLOOK, 2021
& 2028 (IN %)
FIGURE 15: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT &
INTEGRATION, 2022-2028 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT &
MAINTENANCE, 2022-2028 (IN $ MILLION)
FIGURE 17: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL
SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028
(IN $ MILLION)
FIGURE 19: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, SOFTWARE OUTLOOK, 2021
& 2028 (IN %)
FIGURE 20: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL,
2022-2028 (IN $ MILLION)
FIGURE 21: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2022-2028
(IN $ MILLION)
FIGURE 22: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2022-2028
(IN $ MILLION)
FIGURE 23: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT,
2022-2028 (IN $ MILLION)
FIGURE 24: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT,
2022-2028 (IN $ MILLION)
FIGURE 25: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, END-USER OUTLOOK, 2021
& 2028 (IN %)
FIGURE 26: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS,
2022-2028 (IN $ MILLION)
FIGURE 27: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS
MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 28: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ELECTRICITY GRID
& SUPPLY MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 29: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2022-2028
(IN $ MILLION)
FIGURE 30: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT,
2022-2028 (IN $ MILLION)
FIGURE 31: LATIN
AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET, REGIONAL OUTLOOK, 2021
& 2028 (IN %)
FIGURE 32: BRAZIL IOT
IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: MEXICO IOT
IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: REST OF
LATIN AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $
MILLION)