The Asia-Pacific IoT in energy & utility application market is expected to grow with a CAGR of 11.13% during the forecast period, 2022-2030, and is expected to generate $21191.31 million in revenue by 2030.
ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2022-2030
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
The Asia-Pacific IoT in energy & utility application market is expected to grow with a CAGR of 11.13% during the forecast period, 2022-2030, and is expected to generate $21191.31 million in revenue by 2030.
As the Asia-Pacific region competes to become the world’s largest technology market, IoT products grow 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.
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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, South Korea is renowned for its hyper-connected population. Owing to the combined efforts of government, telecommunication companies, and electronics manufacturers, Korea is likely to become the first country in the world to boast a 5G network, with large-scale commercial tests completed in February 2018. With fully functioning nationwide energy & utility platforms in place to support the bandwidth, the surging demand for IoT will drive the market growth during the forecast period.
The Asia-Pacific IoT in energy & utility application market segmentation analysis includes component, end-user, and connectivity. Market by connectivity can be further segmented into 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 in 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 Ltd, Infosys Ltd, IBM, Capgemini SE, Cisco Systems Inc, etc.
Wipro Ltd is an IT company providing a range of services, 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 industry. 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 Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Component, End-User, Connectivity |
| Countries Analyzed | China, Japan, India, South Korea, Vietnam, Indonesia, Singapore, Australia & New Zealand, Rest of Asia-Pacific |
| Companies Analyzed |
ABB Ltd, Aclara Technologies LLC, BuildingIQ INC, 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 Aktiengesellschaft, Teradata Corporation, Wipro Limited |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- INCREASING CONSUMPTION AND DEMAND FOR ENERGY GENERATION
- EMPHASIS ON A GREENER ENVIRONMENT IS RAISING DEMAND FOR ENERGY & UTILITY ANALYTICS
- GROWING CONSUMER FOCUS ON ENERGY CONSUMPTION PATTERN ANALYSIS
- IMPROVEMENT IN THE OPERATIONS OF THE OIL & GAS INDUSTRY
- DECLINE IN PRICES OF IOT COMPONENTS AND AVAILABILITY OF NEXT-GENERATION SENSORS
- DEMAND FOR AUTOMATION TOOLS IN ENERGY MANAGEMENT
- KEY RESTRAINTS
- HIGH CAPITAL INVESTMENT IS REQUIRED FOR THE DEPLOYMENT
- LACK OF SKILLED EMPLOYEES
- SECURITY CONCERNS
- INTEGRATION OF IOT WITH SUBSYSTEMS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON IOT IN ENERGY & UTILITY APPLICATION MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- KEY BUYING CRITERIA
- MODE OF DEPLOYMENT
- PRICE
- 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
- SENSORS
- DEVICES
- OTHER HARDWARE COMPONENTS
- SERVICES
- DEPLOYMENT AND INTEGRATION
- SUPPORT AND MAINTENANCE
- PROFESSIONAL SERVICES
- SOFTWARE
- ANALYTICS
- GRID MANAGEMENT
- OPERATIONAL CONTROL
- WATER MANAGEMENT
- SECURITY
- HARDWARE
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- VIETNAM
- SINGAPORE
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- ABB LTD
- ACLARA TECHNOLOGIES LLC
- BUILDINGIQ INC
- 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 AKTIENGESELLSCHAFT
- TERADATA CORPORATION
- WIPRO LIMITED
- KEY STRATEGIC DEVELOPMENTS
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, 2018-2021 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 16: LEADING 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 Â Â Â Â Â Â Â Â Â Â Â Â
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
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 2021
FIGURE 8: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2022-2030 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2022-2030 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 11: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS, 2022-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ELECTRICITY GRID & SUPPLY MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 14: IOT IN SMART ELECTRICITY GRID WORKING MODEL
FIGURE 15: APPLICATION OF IOT IN ELECTRIC SUPPLY MANAGEMENT
FIGURE 16: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2022-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 19: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 21: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2022-2030 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2022-2030 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2030 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SERVICES, IN 2021
FIGURE 26: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT AND INTEGRATION, 2022-2030 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT AND MAINTENANCE, 2022-2030 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL SERVICES, 2022-2030 (IN $ MILLION)
FIGURE 29: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION/BILLION)
FIGURE 30: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2021
FIGURE 31: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2022-2030 (IN $ MILLION)
FIGURE 32: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 33: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL, 2022-2030 (IN $ MILLION)
FIGURE 34: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2030 (IN $ MILLION)
FIGURE 35: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2022-2030 (IN $ MILLION)
FIGURE 36: ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 37: CHINA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 38: NUMBER OF IOT CONNECTIONS IN CHINA (2018-2022)
FIGURE 39: JAPAN IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 40: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 41: SOUTH KOREA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 42: KOREA’S IOT ASIA-PACIFIC COMPETITIVENESS COMPARED TO USA, IN 2020 (IN %)
FIGURE 43: INDONESIA IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 44: VIETNAM IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 45: SINGAPORE IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 46: AUSTRALIA & NEW ZEALAND IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)
FIGURE 47: REST OF ASIA-PACIFIC IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)Â Â Â Â
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- VIETNAM
- SINGAPORE
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- 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
- SENSORS
- DEVICES
- OTHER HARDWARE COMPONENTS
- SERVICES
- DEPLOYMENT AND INTEGRATION
- SUPPORT AND MAINTENANCE
- PROFESSIONAL SERVICES
- SOFTWARE
- ANALYTICS
- GRID MANAGEMENT
- OPERATIONAL CONTROL
- WATER MANAGEMENT
- SECURITY
- HARDWARE
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.