Report overview
The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.
This report contains market size and forecasts of IoT in Energy Grid Management in Global, including the following market information:
Global IoT in Energy Grid Management Market Size 2024-2029, ($ millions)
The global IoT in Energy Grid Management market is projected to reach US$ million by 2029.
Significant numbers of energy-consuming devices (e.g. switches, power outlets, bulbs, televisions, etc.) already integrate internet connectivity, which can allow them to communicate with utilities to balance power generation and energy usage and optimize energy consumption as a whole. These devices allow for remote control by users, or central management via a cloud-based interface, and enable functions like scheduling (e.g., remotely powering on or off heating systems, controlling ovens, changing lighting conditions etc.). The Smart grid is a utility-side IoT application; systems gather and act on energy and power-related information to improve the efficiency of the production and distribution of electricity. Using advanced metering infrastructure (AMI) internet-connected devices, electric utilities not only collect data from end-users, but also manage distribution automation devices like transformers.
We surveyed the IoT in Energy Grid Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IoT in Energy Grid Management Market, by Type, 2024-2029 ($ millions)
Global IoT in Energy Grid Management Market Segment Percentages, by Type
Hardware
Software
Service
Global IoT in Energy Grid Management Market, by Application, 2024-2029 ($ millions)
Global IoT in Energy Grid Management Market Segment Percentages, by Application
Generation
Power Transmission and Distribution
Substation automation
Global IoT in Energy Grid Management Market, By Region and Country, 2024-2029 ($ Millions)
Global IoT in Energy Grid Management Market Segment Percentages, by region and country
United States
Europe
Asia
China
Rest of World
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Accenture
Cisco
Intel
Schneider Electric
Siemens
Actility
Bosch Software Innovations
Huawei
Sierra Wireless
Texas Instruments
ThingWorx
