Market by Connectivity, Component, End-user, and Country Outlook | Forecast 2022-2028
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.
Report scope can be customized per your requirements. Request For CustomizationÂ
The
countries explored in the considered region consist of:
•       Â
The United Kingdom
•       Â
Germany
•       Â
France
•       Â
Spain
•       Â
Italy
•        Nordic
Region
•        The
Netherlands
•       Â
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.
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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 Comprehensive information and estimation of the IoT in energy
& utility application market revenue growth in Europe 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 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.Â
Market by Technology (Data ana ..
VIEW REPORT1. 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
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)
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)