MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

ICT | AI and IoT

MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

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

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A study by Triton Market Research shows that the IoT in energy & utility application market in the Middle East and Africa will develop with a CAGR of 12.55% in the forecast duration 2022-2028.


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The countries studied in this market include:

•         The United Arab Emirates

•         Saudi Arabia

•         South Africa

•         Turkey

•         Rest of Middle East & Africa

There is a wide-scale use of IoT for energy and utility applications in the Middle East and Africa. Oil rig analysis for thousands of data points & sensors for efficiency gains, hazardous analysis of nuclear facilities, and remote solar panel monitoring & maintenance are particularly performed in the oil & gas fields in the region.

In South Africa, the manufacturing sector is already leveraging IoT technology to streamline capacities and efficiencies. This puts the nation ahead of the curve in terms of adoption of emerging technologies to manage operations and reduce costs.

Industries are most likely to continue relying on IoT and artificial intelligence algorithms to provide value by means of data aggregation and analytics. Further, consumer-facing IoT-based apps and smart home devices are gaining popularity. Also, municipalities are embracing this technology for intelligent transportation and public safety benefits. All these factors showcase a positive outlook for the market in South Africa.

In Dubai, the government’s latest goal is to transform the whole emirate into smart city bodes. For this, it has initiated a project that involves using smart sensors and devices in three tracks: Smart Economy, Smart Tourism, and Smart Life. Smart Life deals with communications, health, transportation, education, public utilities, and energy services. As such smart projects having energy and utility applications are built using IoT, these developments are beneficial for the studied market’s growth in the UAE.

The use of IoT-based sensor networks for extracting and processing oil and gas aids in maintaining supply chain control and responding quickly to changes. Sensor technology can be used to assess pipe pressure, inspect machines, supervise drilling operations, and detect leaks. The fast speed with which issues are resolved using IoT in these applications frequently leads to billions of dollars in savings in the overall sector.

The studied report assesses the market’s growth according to end-user, component, and connectivity. Here, the end-user segment comprises oil & gas, utility gas management, electricity grid & supply management, mining, and water management.

The eminent companies in the IoT in energy & utility application market include General Electric Company, Cisco Systems Inc, SAS Institute, Capgemini SE, SAP SE, Siemens, Eaton Corporation Plc, and Teradata Corporation.

SAS Institute is a company providing business analytics software and services. It also offers IoT solutions, AI solutions, advanced analytics, supply chain intelligence, and other solutions. SAS caters to numerous industries, including oil and gas, manufacturing, and utilities, among others. The company has a notable presence in the Middle East and Africa.

 

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 Middle East and Africa 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 Middle East and Africa 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY CONNECTIVITY

3.1. NON-CELLULAR

3.2. CELLULAR

4. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET – COUNTRY OUTLOOK

6.1. UNITED ARAB EMIRATES

6.2. SAUDI ARABIA

6.3. TURKEY

6.4. SOUTH AFRICA

6.5. REST OF MIDDLE EAST & AFRICA

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: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)

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

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

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

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

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

TABLE 12: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, CONNECTIVITY OUTLOOK, 2021 & 2028 (IN %)

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

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

FIGURE 7: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, COMPONENT OUTLOOK, 2021 & 2028 (IN %)

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

FIGURE 9: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, HARDWARE OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

FIGURE 14: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, SERVICES OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

FIGURE 19: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, SOFTWARE OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

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

FIGURE 25: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

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

FIGURE 31: MIDDLE EAST AND AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

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

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

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

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

FIGURE 36: REST OF MIDDLE EAST & AFRICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028 (IN $ MILLION)

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