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ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Asia-Pacific IOT in Energy & Utility Application Market by Connectivity (Non-cellular, Cellular) Market by End-user (Utility Gas Management, Oil & Gas, Electricity Grid & Supply Management, Water Management, Mining) Market by Component (Hardware, Services, Software) by Geography

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MARKET OVERVIEW

The Asia-Pacific IoT in energy & utility application market is expected to grow with a CAGR of 11.32% during the forecast period, 2024-2032.

As Asia-Pacific competes to become the world’s largest IoT market, the product grows exponentially in size and value. Also, IoT plays a significant role in the region’s uplifting activities with the rapidly increasing youth population that has great labor and intellectual potential to serve these economies. Moreover, IoT is widely used for various purposes and is viewed as critical to business success by countries including Australia, China, and Japan.

Asia-Pacific IOT In Energy & Utility Application Market – Inkwood Research

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The Asia-Pacific IoT in energy & utility application market growth analysis includes the assessment of Vietnam, India, South Korea, China, Australia & New Zealand, Japan, Singapore, Indonesia, and Rest of Asia-Pacific. Uses of IoT in China include industrial, transportation, consumer electronics, healthcare, and automation. The automotive and transportation applications hold the largest market share based on application. Moreover, the IoT application areas include smart metering, speed monitoring, traffic counting, and navigation. Therefore, the development of the automotive industry benefits the Asia-Pacific IoT in the energy & utility application market.

On the other hand, Vietnam is rapidly advancing towards the fourth industrial revolution. As a result, IoT is becoming increasingly popular in every sector. Further, foreign firms are leveraging this technology in various industries and developing potential applications for e-health, smart agriculture, smart real estate, etc. These advancements support the demand for IoT in energy & utility applications in Vietnam.

The Asia-Pacific IoT in energy & utility application market segmentation includes component, end-user, and connectivity. The connectivity segment includes non-cellular and cellular.

Non-cellular devices such as wireless local loop systems, vending machines, or vehicles can communicate via a mobile air interface standard when incorporating a module or modem. Wireless communications can also be enabled between remote machines and a host server or a central station to provide data reporting, real-time monitoring, or remote control without human intervention. 

Furthermore, non-cellular devices are gaining popularity in IoT in the energy & utility sector for data security. The lack of direct connectivity with mobile devices and data storage is giving an advantage to non-cellular devices. The installation of non-cellular devices in the on-premise segment is the most popular combination of IoT in energy & utility in the application market. Therefore, the growing concern over data security is treated with non-cellular devices, further boosting its demand in the market.

Some of the key players operating in the Asia-Pacific IoT in energy & utility application market include Wipro Limited, Infosys Limited, IBM, Capgemini SE, Cisco Systems Inc, etc.

Wipro Limited is an IT company providing a range of services, including IT consulting, business process outsourcing (BPO) services, software solutions, and research and development services. Its services include re-engineering and maintenance, IT consulting, cloud services development, custom application design, and package implementation systems integration. Wipro’s services find application in aerospace and defense, public sector, healthcare, banking, retail, and engineering & construction industries. The company serves clients across Europe, the Middle East, Asia-Pacific, and the Americas. It is headquartered in Bengaluru, Karnataka, India.

Wipro’s Data Discovery Platform (DDP) uses storytelling techniques and sophisticated visual sciences to simplify decision-making and interpretation. The platform’s core combines the Wipro HOLMES stream computing and Artificial Intelligence PlatformTM and delivers wide-ranging insights like preventive action for customer attrition, practices to reinforce an online reputation, and predictive maintenance to minimize downtime.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Component, End-User, and Connectivity
Countries AnalyzedChina, Japan, India, South Korea, Vietnam, Indonesia, Singapore, Australia & New Zealand, Rest of Asia-Pacific
Companies AnalyzedABB Ltd, Aclara Technologies LLC, Capgemini SE, Cisco Systems Inc, Eaton Corporation plc, General Electric Company, Infosys Limited, International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, SAS Institute Inc, Schneider Electric SE, Siemens AG, Teradata Corporation, Wipro Limited

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON IOT IN ENERGY & UTILITY APPLICATION MARKET
    5. MAJOR MARKET FINDINGS
      1. SURGING DEMAND FOR SMART METERS
      2. INCREASING ADOPTION OF ADVANCED GRID MANAGEMENT SOLUTIONS
      3. INVESTMENTS IN INFRASTRUCTURE DEVELOPMENT
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING CONSUMPTION AND DEMAND FOR ENERGY GENERATION
      2. EMPHASIS ON A GREENER ENVIRONMENT RAISING DEMAND FOR ENERGY & UTILITY ANALYTICS
      3. DECLINING PRICES OF IOT COMPONENTS AND AVAILABILITY OF NEXT-GENERATION SENSORS
    2. KEY RESTRAINTS
      1. HIGH UPFRONT COSTS FOR DEPLOYMENT  
      2. LACK OF SKILLED WORKFORCE
      3. SECURITY CONCERNS
      4. CHALLENGES ASSOCIATED WITH INTEGRATING IOT WITH SUBSYSTEMS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. DEMAND FOR AUTOMATION TOOLS IN ENERGY MANAGEMENT
      2. GROWING CONSUMER FOCUS ON ENERGY CONSUMPTION PATTERN ANALYSIS
      3. IMPROVEMENT IN THE OPERATIONS OF THE OIL & GAS INDUSTRY
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET CONCENTRATION ANALYSIS
    5. VALUE CHAIN ANALYSIS
      1. RAW MATERIALS
      2. MANUFACTURING
      3. DISTRIBUTION
      4. END-USERS
    6. KEY BUYING CRITERIA 
      1. MODE OF DEPLOYMENT
      2. PRICE
      3. APPLICATION
  5. MARKET BY CONNECTIVITY
    1. NON-CELLULAR
    2. CELLULAR
  6. MARKET BY END-USER
    1. UTILITY GAS MANAGEMENT
    2. OIL & GAS
    3. ELECTRICITY GRID & SUPPLY MANAGEMENT
    4. WATER MANAGEMENT
    5. MINING
  7. MARKET BY COMPONENT
    1. HARDWARE
      1. SENSORS
      2. DEVICES
      3. OTHER HARDWARE COMPONENTS
    2. SERVICES
      1. DEPLOYMENT AND INTEGRATION
      2. SUPPORT AND MAINTENANCE
      3. PROFESSIONAL SERVICES
    3. SOFTWARE
      1. ANALYTICS
      2. GRID MANAGEMENT
      3. OPERATIONAL CONTROL
      4. WATER MANAGEMENT
      5. SECURITY
  8. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET DRIVERS
      3. ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
        6. SINGAPORE
          1. SINGAPORE IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ABB LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      2. ACLARA TECHNOLOGIES LLC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      3. CAPGEMINI SE
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      4. CISCO SYSTEMS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      5. EATON CORPORATION PLC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      6. GENERAL ELECTRIC COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      7. INFOSYS LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      8. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      9. ORACLE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      10. SAP SE
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      11. SAS INSTITUTE INC
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      12. SCHNEIDER ELECTRIC SE
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      13. SIEMENS AG
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      14. TERADATA CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES
      15. WIPRO LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – IOT IN ENERGY & UTILITY APPLICATION

TABLE 2: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 16: KEY PLAYERS OPERATING IN ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET

TABLE 17: LIST OF MERGERS & ACQUISITIONS

TABLE 18: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 19: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 20: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING 

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: VALUE CHAIN ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY CONNECTIVITY, IN 2023

FIGURE 8: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2024-2032 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2024-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 11: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS MANAGEMENT, 2024-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS, 2024-2032 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ELECTRICITY GRID & SUPPLY MANAGEMENT, 2024-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2024-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2024-2032 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2023

FIGURE 17: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2024-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2023

FIGURE 19: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2024-2032 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2024-2032 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE COMPONENTS, 2024-2032 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2024-2032 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SERVICES, IN 2023

FIGURE 24: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT AND INTEGRATION, 2024-2032 (IN $ MILLION)

FIGURE 25: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT AND MAINTENANCE, 2024-2032 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL SERVICES, 2024-2032 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2024-2032 (IN $ MILLION)

FIGURE 28: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2023

FIGURE 29: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2024-2032 (IN $ MILLION)

FIGURE 30: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT, 2024-2032 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL, 2024-2032 (IN $ MILLION)

FIGURE 32: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2024-2032 (IN $ MILLION)

FIGURE 33: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2024-2032 (IN $ MILLION)

FIGURE 34: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 35: CHINA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

FIGURE 36: JAPAN IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

FIGURE 37: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

FIGURE 38: SOUTH KOREA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

FIGURE 39: INDONESIA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

FIGURE 40: SINGAPORE IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

FIGURE 41: VIETNAM IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

FIGURE 42: AUSTRALIA & NEW ZEALAND IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

FIGURE 43: REST OF ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, 2024-2032 (IN $ MILLION)

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