The Europe IoT in energy & utility application market is anticipated to propel with a CAGR of 10.26% during the forecast period, 2022-2030, and is estimated to generate $19095.61 million in revenue by 2030.

EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2022-2030

Europe 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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The Europe IoT in energy & utility application market is anticipated to propel with a CAGR of 10.26% during the forecast period, 2022-2030, and is estimated to generate $19095.61 million in revenue by 2030.

Advancements in IoT and other energy-efficient technologies are an integral part of the energy sector in Europe and are driven by IoT application platforms and Big Data analytics. Smart energy-saving IoT meters are widely utilized around the region. In addition, it has enabled the concept of smart technologies that learn and analyze the data collected from connected devices and can boost efficiency, productivity, and real-time decision-making. It is used to create creative experiences, build new services, and solve essential problems.

Europe IOT In Energy & Utility Application Market

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The Europe IoT in energy & utility application market growth assessment entails the analysis of United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest Of Europe. In the United Kingdom, accepting new energy sources necessitates new skills from the production, distribution, and consumption systems as the need for renewable energy continues to rise. Therefore, the trend to adopt and employ renewable energy increases the demand for IoT applications in the country. In addition, in 2021, the government said that the United Kingdom could become a global leader in developing tools for energy sector digitalization. Technologies such as the IoT and Distributed Ledger Technology (DLT), which are in the early stages of application in the energy sector, can significantly change how the energy system operates. Hence, IoT in energy & utility applications has the potential to grow in demand during the forecast years.

Furthermore, there are great innovations in IoT and the energy system in Germany as the smart markets provide flexibility for the grid and local energy markets where transactions are secured by blockchain. These ideas have been developed and implemented in several research projects in Germany and worldwide. Therefore, these significant innovations and use of IoT will boost the Germany IoT in energy & utility application market during the forecast years.

The Europe IoT in energy & utility application market segmentation analysis includes end-user, connectivity, and component. Market by connectivity can be sub-segmented into cellular and non-cellular.

Cellular technologies are designed for security, scalability, and reliability. They provide a strong foundation for IoT connectivity with a unique combination of performance and functionality. The deployed infrastructure provides a base for excellent IoT coverage and fast time-to-market through software upgrades. Further, cellular IoT can connect IoT devices using existing mobile networks. Thus, it eliminates investing and developing separate dedicated network infrastructure for IoT devices.

Some leading players in the Europe IoT in energy & utility application market include Capgemini SE, Siemens AG, Eaton Corporation PLC, etc.

Capgemini SE provides IT consulting and outsourcing services. The company also offers cloud services, business process management (BPM), and product & engineering services. It serves a range of industries, including manufacturing and industrial products, banking and capital markets, aerospace and defense, agriculture, consumer and retail, automotive, energy and utilities, government and public sector, electronics and high tech, transportation & distribution, and healthcare & life sciences. The company offers its products and services under Sogeti, Capgemini, and Invent. It carries out operations in the Americas, Europe, the Middle East, Asia-Pacific, and Africa. Capgemini is headquartered in Paris, France.

u2es Transformation from Capgemini is used to transform a utility company into an energy services company, a value-based program that leverages emerging technologies to deliver proven benefits and positions the company as a leader for the future. It defines a transformation strategy based on three pillars of success: customer engagement, operational excellence, and new business models.

REPORT SYNOPSIS

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments AnalyzedComponent, End-User, Connectivity
Countries AnalyzedUnited Kingdom, Germany, France, Italy, Spain, Belgium, Poland, Rest Of Europe
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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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASING CONSUMPTION AND DEMAND FOR ENERGY GENERATION
        • EMPHASIS ON A GREENER ENVIRONMENT 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
    1. 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
    1. MARKET BY CONNECTIVITY
      • NON-CELLULAR
      • CELLULAR
    2. MARKET BY END-USER
      • UTILITY GAS MANAGEMENT
      • OIL & GAS
      • ELECTRICITY GRID & SUPPLY MANAGEMENT
      • WATER MANAGEMENT
      • MINING
    3. 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
    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • SPAIN
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    1. 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

    LIST OF TABLES

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

    TABLE 2: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 15: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 16: LEADING PLAYERS OPERATING IN EUROPE 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: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY CONNECTIVITY, IN 2021

    FIGURE 8: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2022-2030 (IN $ MILLION)

    FIGURE 9: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2022-2030 (IN $ MILLION)

    FIGURE 10: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 11: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS MANAGEMENT, 2022-2030 (IN $ MILLION)

    FIGURE 12: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS, 2022-2030 (IN $ MILLION)

    FIGURE 13: EUROPE 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: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2030 (IN $ MILLION)

    FIGURE 17: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2022-2030 (IN $ MILLION)

    FIGURE 18: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 19: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)

    FIGURE 20: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021

    FIGURE 21: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2022-2030 (IN $ MILLION)

    FIGURE 22: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2022-2030 (IN $ MILLION)

    FIGURE 23: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2030 (IN $ MILLION)

    FIGURE 24: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)

    FIGURE 25: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SERVICES, IN 2021

    FIGURE 26: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT AND INTEGRATION, 2022-2030 (IN $ MILLION)

    FIGURE 27: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT AND MAINTENANCE, 2022-2030 (IN $ MILLION)

    FIGURE 28: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL SERVICES, 2022-2030 (IN $ MILLION)

    FIGURE 29: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION/BILLION)

    FIGURE 30: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2021

    FIGURE 31: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2022-2030 (IN $ MILLION)

    FIGURE 32: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT, 2022-2030 (IN $ MILLION)

    FIGURE 33: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL, 2022-2030 (IN $ MILLION)

    FIGURE 34: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2030 (IN $ MILLION)

    FIGURE 35: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2022-2030 (IN $ MILLION)

    FIGURE 36: EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 37: UNITED KINGDOM IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 38: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 39: FRANCE IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 40: ITALY IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 41: SPAIN IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 42: BELGIUM IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 43: POLAND IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 44: REST OF EUROPE IOT IN ENERGY & UTILITY APPLICATION MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • SPAIN
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    1. MARKET BY CONNECTIVITY
      • NON-CELLULAR
      • CELLULAR
    2. MARKET BY END-USER
      • UTILITY GAS MANAGEMENT
      • OIL & GAS
      • ELECTRICITY GRID & SUPPLY MANAGEMENT
      • WATER MANAGEMENT
      • MINING
    3. 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

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