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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.
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.
In 2021, the global IoT in Energy Grid Management market size will be US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027.
This report focuses on the global IoT in Energy Grid Management status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the IoT in Energy Grid Management development in North America, Europe, Japan, China, Southeast Asia, India, etc.
Global IoT in Energy Grid Management Scope and Market Size
IoT in Energy Grid Management market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IoT in Energy Grid Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
Hardware
Software
Service
Segment by Application
Generation
Power Transmission and Distribution
Substation automation
By Region
North America
Europe
Japan
China
Southeast Asia
India
By Company
Accenture
Cisco
Intel
Schneider Electric
Siemens
Actility
Bosch Software Innovations
Huawei
Sierra Wireless
Texas Instruments
ThingWorx
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.
In 2021, the global IoT in Energy Grid Management market size will be US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027.
This report focuses on the global IoT in Energy Grid Management status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the IoT in Energy Grid Management development in North America, Europe, Japan, China, Southeast Asia, India, etc.
Global IoT in Energy Grid Management Scope and Market Size
IoT in Energy Grid Management market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IoT in Energy Grid Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
Hardware
Software
Service
Segment by Application
Generation
Power Transmission and Distribution
Substation automation
By Region
North America
Europe
Japan
China
Southeast Asia
India
By Company
Accenture
Cisco
Intel
Schneider Electric
Siemens
Actility
Bosch Software Innovations
Huawei
Sierra Wireless
Texas Instruments
ThingWorx
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
