Global IoT in Utilities
Market Report
2025
The global IoT in utilities market size is USD 28.2 billion in 2024. The IoT in the utilities market will show strongest growth with compound annual growth rate (CAGR) of 13.6% from 2024 to 2031. This growth can be attributed to increased operational efficiency.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global IoT in utilities market size is USD 28.2 billion in 2024 and will expand at compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 |
Middle East Market Size | 121212 | 121212 | 121212 | 121212 |
Africa Market Size | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Component |
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Market Split by Solution |
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Market Split by Service |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of IoT in Utilities industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
IoT in Utilities Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
IoT in utilities refers to the integration of Internet of Things technology within infrastructure like electricity, water, and gas networks. It involves sensors, meters, and devices connected to the internet to gather data, optimize operations, enhance efficiency, & enable remote monitoring and management of utility services. The deployment of smart meters for accurate real-time data collection, integration of sensors and devices across the electrical grid, asset monitoring and management, increased energy efficiency, increase in water management, integration of renewable energy sources, increased customer engagement, increased operational efficiency, increased environmental regulations and standards and increased cybersecurity and safety are influencing the IoT in utility market is growing.
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In December 2019, Itron signed a contract with Brazilian utility company to modernize the water distribution system at Consolidated Utility District (CUDRC). As per the contract,utility will install Itron Smart Water Communication Modules throughout their 1,400 miles of water lines. CUDRC will leverage Itron's network to improve operational efficiency, monitor water loss, & streamline meter readings. (Source: https://investors.itron.com/news-releases/news-release-details/tennessee-utility-collaborates-itron-improve-water-delivery)
Top Companies Market Share in IoT in Utilities Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 & accounted for around 40% of the global revenue. North America emerged as the dominant region in the IoT utility market due to increasing demand for efficient energy management, optimization of utility operations, advancements in smart metering, grid management solutions enhancing operational efficiency and customer engagement, integration of renewable energy sources, and the need for real-time data analytics.
Asia-Pacific stands out as the fastest-growing region in the IoT utilities market due to the need for efficient energy management, increasing adoption of smart grids and meters, regulatory support for IoT deployment, a growing focus on sustainability and operational efficiency, advancements in sensor technology, enhancing asset management, optimizing resource allocation and increased communication networks.
The current report Scope analyzes IoT in Utilities Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global IoT in Utilities Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing IoT in Utilities Industry growth. IoT in Utilities market has been segmented with the help of its Component, Solution Service, and others. IoT in Utilities market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, the platform is the dominant category. It acts as a central hub for collecting, managing, and analyzing real-time data from utility assets like smart meters, grids, and sensors. This platform enables utilities to monitor operations, optimize resource allocation, and enhance energy efficiency through advanced analytics and automation. It supports decision-making processes by providing insights into consumption patterns, predictive maintenance needs, and overall system performance, ultimately driving operational efficiency and customer satisfaction in the utility sector.
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Market segmentation by Solution is another crucial element in understanding the dynamics of the IoT in Utilities industry. Applications refer to the specific uses or end-user industries that drive demand for the IoT in Utilities products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting IoT in Utilities-related solutions most effectively, and where new opportunities are emerging.
Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
Some of the key Solution of IoT in Utilities are:
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global IoT in Utilities Market is witnessing significant growth in the near future.
In 2023, the Platform segment accounted for noticeable share of global IoT in Utilities Market and is projected to experience significant growth in the near future.
The Asset Monitoring Management segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IBM (US) , Verizon (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Platform, Solution, Services |
Solution | Asset Monitoring Management, Safety and Security, Supervisory Control and Data Acquisition (SCADA), Workforce Management, Network Management, Customer Information System (CIS) and Billing System |
Service | Consulting, Integration and Deployment, Support and Maintenance |
Application | Water and Wastewater Management, Utility Gas Management, Electricity Grid Management |
List of Competitors | IBM (US), Oracle (US), Verizon (US), Cisco (US), Vodafone (UK), Telit (UK), Landis Gyr (Switzerland), Itron (US), Schneider Electric (France), Huawei (China), Trimble (US), Aclara (US), Trilliant (US), Energyworx (Netherlands), HCL (India), Altair (US), Actility (France), Waviot (Russia), Rayven (Australia), Saviant Consulting (India), ABB (Switzerland), Siemens (Germany), Honeywell (US), GE (US) |
This chapter will help you gain GLOBAL Market Analysis of IoT in Utilities. Further deep in this chapter, you will be able to review Global IoT in Utilities Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of IoT in Utilities. Further deep in this chapter, you will be able to review North America IoT in Utilities Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of IoT in Utilities. Further deep in this chapter, you will be able to review Europe IoT in Utilities Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of IoT in Utilities. Further deep in this chapter, you will be able to review Asia Pacific IoT in Utilities Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of IoT in Utilities. Further deep in this chapter, you will be able to review South America IoT in Utilities Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of IoT in Utilities. Further deep in this chapter, you will be able to review Middle East IoT in Utilities Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of IoT in Utilities. Further deep in this chapter, you will be able to review Middle East IoT in Utilities Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of IoT in Utilities. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Solution Analysis 2021 - 2033
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Chapter 12 Market Split by Service Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global IoT in Utilities market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Platform have a significant impact on IoT in Utilities market? |
What are the key factors affecting the Platform and Solution of IoT in Utilities Market? |
What is the CAGR/Growth Rate of Asset Monitoring Management during the forecast period? |
By type, which segment accounted for largest share of the global IoT in Utilities Market? |
Which region is expected to dominate the global IoT in Utilities Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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