Market by Connectivity, Component, End-user, and Country Outlook | Forecast 2022-2028
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.
Report scope can be customized per your requirements. Request For CustomizationÂ
The
countries considered in the given region include:
•       Â
China
•       Â
Japan
•       Â
India
•       Â
South Korea
•       Â
ASEAN Countries
•       Â
Australia & New Zealand
•       Â
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.
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Key deliverables of the report:
â—ŹÂ Â Â Â Â
Market CAGR during the forecasting years 2022-2028
â—ŹÂ Â Â Â Â
Detailed data highlighting key insights, industry components, and
market strategies
â—ŹÂ Â Â 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
â—ŹÂ Â Â Â Â
In-depth study of forthcoming trends in consumer behavioral
patterns
â—ŹÂ Â Â Â Â
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces Analysis
â—ŹÂ Â Â A wide-ranging study of factors that will challenge the APAC 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.Â
Market by Technology (Data ana ..
VIEW REPORT1. 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
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)
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)