Global IoT Solutions for Energy Market Overview:
The IoT based solution for the energy industry helps in energy management that included planning & management for energy consumption from commercial and industrial sectors. As energy is one of the crucial business. With the increase in energy costs, growing demand, strict enforcement there is a growing demand for these solutions. This solution provides benefits including a reduction in energy bills, enhance efficiency, reduced carbon footprints, and others. Some of the players profiled in the study are IBM (United States), Actility (France), ABB (Switzerland), SAP (Germany), Cisco Systems (United States), Siemens (Germany), Intel (United States), AGT International (Switzerland), Altair Engineering (United States) and Flutura (United States).
On the basis of geography, the market of IoT Solutions for Energy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Platform will boost the IoT Solutions for Energy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Consulting will boost the IoT Solutions for Energy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Network Technology, the sub-segment i.e. Cellular Network will boost the IoT Solutions for Energy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- High Availability that Boosts Business Productivity
- The Rise in Health and Safety of Employees
- Rising Occurrences of Cyberattacks
- Increase in Research and Development
- The Rise in Market Competency
- Increase in Concern Related Data and User Privacy
- Scarcity of Skilled Professionals
- Rise in Awareness of IoT and Artificial Intelligence in the Energy Industry
- Growing Demand of System Integrators
- Less of Interoperability Standards
- The Slowdown in Economy Because of this Covid-19 Impact
Key Market Developments:
In Dec 2020, Tata Consultancy Services announced the launch of TCS Clever Energy, which is an enterprise-level energy and emission management system. This solution helps commercial and industrial organizations' emissions. Through this initiative this company the company is gaining huge market share in this industry.
The market players are operating in this industry are exploring the market in new geographic regions by adopting market growth strategies mergers & acquisitions, expansions, investments, new solution launches, and others. The market key players are exploring new benefits areas through expansions and acquisitions across the globe to avail a market competitive advantage through combined synergies.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, IoT Solutions for Energy Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global IoT Solutions for Energy market on the basis of product  , application [Oil and Gas, Coal Mining and Smart Grid], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the IoT Solutions for Energy market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the IoT Solutions for Energy industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Davra Networks (United States), Wind River (United States) and Schneider Electric (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the IoT Solutions for Energy market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.