The India IoT in energy & utility application market is predicted to record a CAGR of 11.82% during the forecast period, 2022-2028, and is expected to generate a revenue of $1140.03 million by 2028.
INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET FORECAST 2022-2028
India 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)
The India IoT in energy & utility application market is predicted to record a CAGR of 11.82% during the forecast period, 2022-2028, and is expected to generate a revenue of $1140.03 million by 2028.
Futuristic businesses and companies are exploring the possibilities of IoT in energy & utilities. Further, IoT provides widespread abilities to adjust operations and offerings in the sector and enhance monetary value, protection, and efficiency. It also supports assembling new sustainability goals in the enterprise. The internet-related gadgets and insights improve real-time choice-making, efficiency, and solutions to important problems. Further, IoT creates new and revolutionary experiences in the long run.
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India is becoming a hotspot for IoT in energy & utility applications. The surging demand for electricity, high-speed internet, fuel, etc., increases IoT demand in the energy sector. The transformation of the economy towards digitization adds more importance to IoT in the energy sector. Moreover, India is the biggest railway network in Southern Asia and demands a vast energy source. To manage and control all the railway lines, IoT is playing a very significant role. The shortage of coal in the country is adding to the constructive use of energy in all industrial sectors and railways, further boosting the demand for IoT in the energy & utility applications in the country.
The India IoT in energy & utility application market segmentation analysis includes connectivity, component, and end-user. Market by end-user can be sub-segmented into water management, utility gas management, electricity grid and supply management, oil and gas, and mining.
An electrical grid is an interconnected network to deliver electricity to consumers from producers. A smart electricity grid combines an electricity supply network with digital communication. It includes smart homes, the grid, and buildings. Further, a smart electricity grid helps optimize the electrical needs of buildings and other infrastructures. It also allows real-time electrical data transmission between the building and the grid. These grids help track electricity consumption for retail stores, enterprises, industries, and institutions. In addition, it also detects and prevents leaks as well as self-repairs. The IoT-based smart electricity grid allows information sharing between all components in the grid and smart energy management over any wireless or wired network.
Furthermore, conservation is essential for water management. Tracking water consumption in urban areas can be challenging. However, IoT technology brings greater control and transparency to the water supply chain, allowing water treatment, distribution, production, and consumption optimization. In addition, irrigation may also be optimized by using data acquired by IoT sensors in the field, which will provide insights into soil moisture, weather conditions, etc., optimizing water usage for maximum benefits.
Some of the leading market players in the India IoT in energy & utility application market are Infosys Ltd, Wipro Ltd, SAP SE, Cisco System Inc, etc.
Infosys Limited is an IT-enabled company that offers software platform-based services, business consulting, and business process management. It also provides banking solutions, business information technology services, analytics-related engineering services, treasury payments, wealth solutions, etc. In addition, the company caters to aerospace, healthcare, automotive, retail, communication services, education, financial services, consumer packaged goods, etc. It has business operations across the Americas, Asia-Pacific, Europe, Africa, and the Middle East. The company is headquartered in Bengaluru, Karnataka, India.
Infosys’ Analytics Software for Energy & Utilities incorporates analytics-driven enterprises with power utilities and further into semantics models to obtain a 360-degree view of enterprise and customers’ products and services. The tool helps deliver value-based offerings by controlling customer data. The product provides sustainability initiatives, gamification tools, energy efficiency solutions, and curtailment programs. Further, metadata-driven grids allow seamless enriched data consumption.
REPORT SYNOPSIS
| Report Scope | Details |
| Market Forecast Years | 2022-2028 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Component, End-User, Connectivity |
| Companies Analyzed | Capgemini SE, Cisco Systems INC, Infosys Limited, International Business Machines Corporation (IBM), Oracle Corporation, Siemens Aktiengesellschaft, 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
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- CAPGEMINI SE
- CISCO SYSTEMS INC
- INFOSYS LIMITED
- INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
- ORACLE CORPORATION
- SIEMENS AKTIENGESELLSCHAFT
- WIPRO LIMITED
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – IOT IN ENERGY & UTILITY APPLICATION
TABLE 2: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 4: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY END-USER, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 6: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 8: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 10: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 12: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 14: LIST OF MERGERS & ACQUISITIONS
TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 17: 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: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY CONNECTIVITY, IN 2021
FIGURE 8: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2022-2028 (IN $ MILLION)
FIGURE 9: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2022-2028 (IN $ MILLION)
FIGURE 10: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 11: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 12: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS, 2022-2028 (IN $ MILLION)
FIGURE 13: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ELECTRICITY GRID & SUPPLY MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 14: IOT IN SMART ELECTRICITY GRID WORKING MODEL
FIGURE 15: APPLICATION OF IOT IN ELECTRIC SUPPLY MANAGEMENT
FIGURE 16: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 17: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2022-2028 (IN $ MILLION)
FIGURE 18: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 19: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 20: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 21: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2022-2028 (IN $ MILLION)
FIGURE 22: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2022-2028 (IN $ MILLION)
FIGURE 23: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2028 (IN $ MILLION)
FIGURE 24: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 25: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SERVICES, IN 2021
FIGURE 26: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT AND INTEGRATION, 2022-2028 (IN $ MILLION)
FIGURE 27: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT AND MAINTENANCE, 2022-2028 (IN $ MILLION)
FIGURE 28: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 29: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION/BILLION)
FIGURE 30: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2021
FIGURE 31: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2022-2028 (IN $ MILLION)
FIGURE 32: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 33: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL, 2022-2028 (IN $ MILLION)
FIGURE 34: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2022-2028 (IN $ MILLION)
FIGURE 35: INDIA IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2022-2028 (IN $ MILLION)
- 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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