NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

ICT | AI and IoT

NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET 2022-2028

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

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Triton’s report states that the IoT in energy & utility application market in North America is projected to witness progress at a CAGR of 12.15% over the forecast period 2022-2028.


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The countries observed in the region consist of:

•         The United States

•         Canada

The United States holds the major share in the IoT in energy & utility application market. The rising demand for energy is a major factor responsible for the robust growth of the studied market. In this regard, IoT helps maintain the flow and production of energy. Moreover, the majority of the IoT projects in the energy sector concentrate on applications that are oriented towards demand. Additionally, accurate use of IoT optimizes the entire value chain. The industrial sector’s demand for energy is highest, followed by transportation, residential, and commercial.

Energy and utility is among the major sectors in the United States. The rising demand for energy in households, technology, automotive, and other sectors has created high demand for IoT devices across the nation. The industrial sector accounts for around 32% of all energy consumption, followed by the transportation sector. Additionally, the demand for energy has surged over the years due to the rising number of malls, offices, hospitals, hotels, and restaurants. Therefore, the increasing need for energy supplements the IoT in energy & utility application market’s growth.

Furthermore, utilities supply essential goods and services to the public, such as electricity, natural gas, and water. As of 2021, the country has around 200 gigawatts of electricity generating capacity. Around two-thirds of all utility-generating capacity-involved technologies can use multiple energy sources, such as combustion and steam turbines. Therefore, as stated above, all these factors are expected to expand the demand for IoT in energy & utility applications in the United States.

Hardware IoT devices include wearable and other devices. These wearables are widely used for tracking glucose levels, heart risks, asthma monitoring, and daily step tracking. Here, wearable devices integrated with IoT include watches, backpacks, helmets, glasses, and collars. The IoT in energy & utility application market is assessed in terms of component, end-user, and connectivity. The component segment is divided into hardware, software, and services. The hardware segment further includes devices, sensors, and other hardware components.

The key companies profiled in the report include Cisco Systems Inc, Teradata Corporation, Infosys Ltd, Eaton Corporation Plc, Oracle Corporation, and Wipro Ltd.

Teradata Corporation is engaged in providing analytic data platforms, marketing and analytic applications, and related services. It provides software, cloud service, ecosystem management, IT hardware, and applications. The company also provides additional services, such as customer support, managed services, and business consulting. It caters to various customers across healthcare, retail, utilities, transportation, and manufacturing. Teradata has operations across multiple regions, with headquarters in California, the US.

 

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

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Table of Content

1. NORTH 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 MARKET

2.11.3. INCREASING SHARE OF RENEWABLE ENERGY SECTOR IN ELECTRICITY GENERATION

3. NORTH AMERICA IOT IN ENERGY & UTILITY APPLICATION MARKET OUTLOOK - BY CONNECTIVITY

3.1. NON-CELLULAR

3.2. CELLULAR

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

6.1. UNITED STATES

6.2. CANADA

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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