IoT In Renewable Energy Market Size by Solution, End Use, Application, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2030

7.8%
CAGR (2024-2030)
67.2 USD Bn.
Market Size
313
Report Pages
151
Market Tables

Overview

The IoT in Renewable Energy Market size was valued at USD 67.20 Billion in 2023 and the total IoT in Renewable Energy revenue is expected to grow at a CAGR of 7.8% from 2024 to 2030, reaching nearly USD 113.69 Billion.

Increasing awareness towards security against cyber-attacks and rising demand for increased operational efficiency is expected to drive the IoT in renewable energy Market in the forecast period. As a result, solution providers are shifting focus towards IoT security solutions to safeguard the connected devices. Advancement in next-generation sensors is another major driving factor of the Global IoT in Renewable Energy Market.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

IoT in Renewable Energy Market 2024-2030To know about the Research Methodology :- Request Free Sample Report

IoT in Renewable Energy Market Dynamics

The increasing demand for IoT solutions is bringing down the operation costsand improving profit margins from renewable energy companies such as oil and gas, wind energy, and solar energy and thus, drive the Global IoT in Renewable Energy Market through the forecast period.

The expenditure in the energy sector is increasing due to the expansion of the residential, commercial, and industrial infrastructure along with an increased focus on energy conservation initiatives. In this case, the IoT systems provide real-time data about parameters such as voltage fluctuations and early warning signs of equipment failure and ensure proper allocation of maintenance crews. These beneficial activities of the IoT in the renewable energy sector drive the market through 2030. Other factors including rising security concerns, monitoring of operations, minimizing the demand-supply gap, and combating cyber threat also drive the market.

Governments of several countries are increasingly shifting towards green energy owing to increased global warming and excess depletion of fossil fuel reserves. With several countries, such as Australia eying to go 100% renewable by 2030, demand for smart monitoring systems capable of warranting a smooth transition from conventional power to renewables is expected to increase through 2030. This has paved ways for deployment of IoT solution in the renewable industries across the globe. Capacity expansions of existing solar and wind power plants is expected to drive the demand for IoT solutions in near future.

Maximize Market Research has undertaken extensive research about the current Global IoT in Renewable Energy Market outlook with respect to its applications as well as the assuring future of the technology in this sector. Notably, the report delivers a deep insight into the drivers, opportunities, and restraints that exist in the Global IoT in Renewable Energy Market. The report also forecasts the future market opportunities that shall exist in this sector. Based on the analysis, report segments the market broadly -by Solution -by End-Use –by Application -by Region.

According to the energy industry, North America holds the major share of renewable energy consumption and expected to increase through the forecast period. With consumption on the rise, energy companies are incentivized to improve efficiency to decrease their total operating costs, and opportunities for these improvements are abundant. Thus, the market for IoT in the renewable energy sector is expected to grow in the forecast period. The U.S. had the highest energy consumption in the North American region. U.S. industry could introduce measures that cut energy consumption by 14% or 22%. IoT technologies that either exist or are being developed are among the tech-based solutions that promise to address efficiency and security issues for the energy sector.

IoT in Renewable Energy Market Regional Insight

The asia-pacific market for Global IoT in Renewable Energy Market is expected to grow at the highest rate through the forecast period. The growth is driven by the emergence of smart cities in the region. Singapore is leveraging on its Smart Nation program to resolve challenges in the utilities, transport and healthcare space. China plans to build 202 smart cities to cope with rapid urbanization. In fact, Asian enterprises are ahead of their US peers in IoT adoption. Consumer electronics players like Samsung and LG target for 90% of their products to be IoT capable.

The objective of the report is to present comprehensive Global IoT In Renewable Energy Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global IoT in Renewable Energy Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Global IoT in Renewable Energy Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global IoTin Renewable Energy Market North America for Asia Pacific make the report investor’s guide.

IoT in Renewable Energy Market, Key Highlights:

• Global Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Market

• Global Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Market are also profiled.

Scope of the Global IoT In Renewable Energy Market : Inquire before buying

Global IoT In Renewable Energy Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 67.20 Bn.
Forecast Period 2024 to 2030 CAGR: 7.8% Market Size in 2030: USD 113.69 Bn.
Segments Covered: by Solution Analytic Software,
Hardware Platform,
Service,
Connectivity
by End Use Oil & Gas
Solar
Wind
Others
by Application Pipeline
Refineries
Grid Control
Digital Oilfield
Others

IoT In Renewable Energy Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

IoT In Renewable Energy Market, Key Players are:

1. AGT INTERNATIONAL
2. CARRIOTS
3. CISCO
4. DAVRA NETWORKS
5. FLUTURA
6.IBM
7.ILS TECHNOLOGY
8.MAVEN SYSTEMS
9.NORTHWEST ANALYTICS
10.SAP
11.SYMBOTICWARE
12.WIND RIVER
13.GENERAL ELECTRIC
14.DHL
15.SYMANTEC
16.HUAWEI TECHNOLOGIES
17.SCHNEIDER ELECTRIC
18.SIEMENS
19.ERICSSON
20.PHILIPS
21.HONEYWELL
22.ACCENTURE
23.TEGO INC.
24.Success Stories / Case Studies
25.GENERAL ELECTRIC
26.SCHNEIDER ELECTRIC
27.SIEMENS
28.HONEYWELL

Frequently Asked Questions:

1. Which region has the largest share in Global IoT in Renewable Energy Market ?
Ans: Asia Pacific region held the highest share in 2023.

2. What was the Global IoT in Renewable Energy Market size in 2023?
Ans: The Global IoT in Renewable Energy Market size was USD 67.20 Billion in 2023.

3. What is scope of the Global IoT in Renewable Energy Market report?
Ans: Global IoT in Renewable Energy Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global IoT in Renewable Energy Market ?
Ans: The important key players in the Global Market are – AGT INTERNATIONAL, CARRIOTS, CISCO, DAVRA NETWORKS, FLUTURA, IBM, ILS TECHNOLOGY, MAVEN SYSTEMS, NORTHWEST ANALYTICS, SAP, SYMBOTICWARE, WIND RIVER, GENERAL ELECTRIC, DHL, SYMANTEC, HUAWEI TECHNOLOGIES, SCHNEIDER ELECTRIC, SIEMENS, ERICSSON, PHILIPS, HONEYWELL, ACCENTURE, TEGO INC., Success Stories / Case Studies, GENERAL ELECTRIC, SCHNEIDER ELECTRIC, SIEMENS, HONEYWELL.

5. What is the study period of this Market?
Ans: The Global IoT in Renewable Energy Market is studied from 2023 to 2030.

Table of Contents

Global Internet of Things (IoT) in Renewable Energy Market

1. INTRODUCTION 1.1 Report Description 1.1.1 Objectives of the Study 1.1.2 Market Scope 1.1.2.1 Years considered in the study 1.1.3 Currency 1.1.4 Key players / Stakeholders Target Audience 2. RESEARCH METHODOLOGY 2.1 Research Methodology 2.2 Market Definition 2.3 Assumptions and Acronyms Used 2.4 Data Sources 2.4.1 Secondary 2.4.1.1 Paid 2.4.1.2 Unpaid 2.4.2 Primary 2.5 Analyst tools and models 3. EXECUTIVE SUMMARY 3.1 Global Internet of Things (IoT) in Renewable Energy Market Overview 3.1.1 By Solution 3.1.2 By End-Use 3.1.3 By Application 3.1.4 By Region 4. HISTORICAL PERSPECTIVE AND CURRENT TRENDS 4.1 Global Internet of Things Landscape 4.1.1 Emergence and Evolution 4.1.2 Technological Transformations 4.1.3 Global Internet of Things Outlook by Region 4.1.3.1 North America 4.1.3.1.1 Key Economic Indicators 4.1.3.1.1.1 GDP Growth Forecast 4.1.3.1.2 Global Standing in Internet of Things Market 4.1.3.1.2.1 Market size and share 4.1.3.2 Europe 4.1.3.2.1 Key Economic Indicators 4.1.3.2.1.1 GDP Growth Forecast 4.1.3.2.2 Global Standing in Internet of Things Market 4.1.3.2.2.1 Market size and share 4.1.3.3 Asia Pacific 4.1.3.3.1 Key Economic Indicators 4.1.3.3.1.1 GDP Growth Forecast 4.1.3.3.2 Global Standing in Internet of Things Market 4.1.3.3.2.1 Market size and share 4.1.3.4 Latin America, Africa and Middle East 4.1.3.4.1 Key Economic Indicators 4.1.3.4.1.1 GDP Growth Forecast 4.1.3.4.2 Global Standing in Internet of Things Market 4.1.3.2.1 Market size and share 5 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGY MARKET OUTLOOK 5.1 Market Definition, Segmentation and Scope of Study 5.2 Market Dynamics 5.2.3 Drivers 5.2.3.2 Advancements of Internet of Things Technology 5.2.3.3 Cross-industrial Applications 5.2.3.4 Growing customer Expectations 5.2.3.5 Innovation and Disruption Prospects 5.2.3.6 Enhanced Efficiency 5.2.4 Restraint 5.2.4.2 Privacy and Security Issues 5.2.4.3 Data Security Concerns Dissuade Government Sector 5.2.4.4 Government Policies 5.2.5 Opportunities 5.2.5.2 Technological Advancements 5.2.5.3 Competitive Advantage 5.2.5.4 Personalized Customer Experiences 5.3 Market Share Analysis 5.3.3 By Solution 5.3.4 By End-Use 5.3.5 By Application 5.3.6 By Geography 5.4 Competitive Analysis 5.4.3 Key Strategic Initiatives 5.4.4 Regional Presence 5.4.5 Product Overview 5.5 Porter’s Analysis 5.6 PESTEL Analysis 5.7 Product Benchmark Analysis 5.8 Company Market Share Analysis 5.9 Key Findings 5.9.3 Top Wining Strategies 5.9.4 Top Investment Pockets 5.9.5 Top Impacting Factors 6 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGY MARKET, BY SOLUTION 6.1 Solution Segment Type Analysis & Market Share 6.2 Analytic Software 6.2.3 Overview 6.2.4 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 6.3 Hardware Platform 6.3.3 Overview 6.3.4 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 6.4 Service 6.4.3 Overview 6.4.4 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 6.5 Connectivity 6.5.3 Overview 6.5.4 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 7 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGY MARKET, BY APPLICATIONS 7.1 Application Segment Analysis & Market Share 7.2 Pipeline 7.1.2 Overview 7.2.1 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 7.3 Refineries 7.3.1 Overview 7.3.2 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 7.4 Grid Control 7.4.1 Overview 7.4.2 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 7.5 Digital Oilfield 7.5.1 Overview 7.5.2 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 7.6 Others 7.6.1 Overview 7.6.2 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 8 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGY MARKET, BY END-USE 8.1 End-Use Segment Analysis & Market Share 8.1 Oil & Gas 8.1.1 Overview 8.1.2 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 8.2 Solar 8.2.1 Overview 8.2.2 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 8.3 Wind 8.3.1 Overview 8.3.2 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 8.4 Others 8.4.1 Overview 8.4.2 Global Internet of Things (IoT) in Renewable Energy Market Size and Forecast 2016-2024 9 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGYMARKET, BY REGION 9.1 Geography Type Segment Analysis & Market Share 9.1 North America 9.1.1 Overview 9.1.2 Global Standing in Internet of Things in Renewable Energy Market 9.1.2.1 By Application 9.1.2.1.1 Pipeline 9.1.2.1.2 Refineries 9.1.2.1.3 Grid Control 9.1.2.1.4 Digital Oilfield 9.1.2.1.5 Others 9.1.3 Market Size and Forecast 2016-2024 9.2 Europe 9.2.1 Overview 9.2.2 Global Standing in Internet of Things in Renewable Energy Market 9.2.2.1 By Application 9.2.2.1.1 Pipeline 9.2.2.1.2 Refineries 9.2.2.1.3 Grid Control 9.2.2.1.4 Digital Oilfield 9.2.2.1.5 Others 9.2.2.2 Market size and share 9.2.3 Market Size and Forecast 2016-2024 9.3 Asia Pacific 9.3.1 Overview 9.3.2 Global Standing in Internet of Things in Renewable Energy Market 9.3.2.1 By Application 9.3.2.1.1 Pipeline 9.3.2.1.2 Refineries 9.3.2.1.3 Grid Control 9.3.2.1.4 Digital Oilfield 9.3.2.1.5 Others 9.3.3 Market Size and Forecast 2016-2024 9.4 Latin America, Middle East and Africa 9.4.1 Overview 9.4.2 Global Standing in Internet of Things in Renewable Energy Market 9.4.2.1 By Application 9.4.2.1.1 Pipeline 9.4.2.1.2 Refineries 9.4.2.1.3 Grid Control 9.4.2.1.4 Digital Oilfield 9.4.2.1.5 Others 9.4.3 Market Size and Forecast 2016-2024 10 COMPITITIVE LANDSCAPE 10.1 Market Share/ Positioning Analysis 10.2 Key Innovators 10.3 Company Profiles 10.3.1 AGT INTERNATIONAL 10.3.1.1 Overview 10.3.1.2 Service Portfolio 10.3.1.3 Global Geographical Footprint 10.3.1.4 Strategic Initiatives 10.3.1.5 SWOT Analysis 10.3.1.6 Competitive Assessment 10.3.2 CARRIOTS 10.3.2.1 Overview 10.3.2.2 Service Portfolio 10.3.2.3 Global Geographical Footprint 10.3.2.4 Strategic Initiatives 10.3.2.5 SWOT Analysis 10.3.2.6 Competitive Assessment 10.3.3 CISCO 10.3.3.1 Overview 10.3.3.2 Service Portfolio 10.3.3.3 Global Geographical Footprint 10.3.3.4 Strategic Initiatives 10.3.3.5 SWOT Analysis 10.3.3.6 Competitive Assessment 10.3.4 DAVRA NETWORKS 10.3.4.1 Overview 10.3.4.2 Service Portfolio 10.3.4.3 Global Geographical Footprint 10.3.4.4 Strategic Initiatives 10.3.4.5 SWOT Analysis 10.3.4.6 Competitive Assessment 10.3.5 FLUTURA 10.3.5.1 Overview 10.3.5.2 Service Portfolio 10.3.5.3 Global Geographical Footprint 10.3.5.4 Strategic Initiatives 10.3.5.5 SWOT Analysis 10.3.5.6 Competitive Assessment 10.3.6 IBM 10.3.6.1 Overview 10.3.6.2 Service Portfolio 10.3.6.3 Global Geographical Footprint 10.3.6.4 Strategic Initiatives 10.3.6.5 SWOT Analysis 10.3.6.6 Competitive Assessment 10.3.7 ILS TECHNOLOGY 10.3.7.1 Overview 10.3.7.2 Service Portfolio 10.3.7.3 Global Geographical Footprint 10.3.7.4 Strategic Initiatives 10.3.7.5 SWOT Analysis 10.3.7.6 Competitive Assessment 10.3.8 MAVEN SYSTEMS 10.3.8.1 Overview 10.3.8.2 Service Portfolio 10.3.8.3 Global Geographical Footprint 10.3.8.4 Strategic Initiatives 10.3.8.5 SWOT Analysis 10.3.8.6 Competitive Assessment 10.3.9 NORTHWEST ANALYTICS 10.3.9.1 Overview 10.3.9.2 Service Portfolio 10.3.9.3 Global Geographical Footprint 10.3.9.4 Strategic Initiatives 10.3.9.5 SWOT Analysis 10.3.9.6 Competitive Assessment 10.3.10 SAP 10.3.10.1 Overview 10.3.10.2 Service Portfolio 10.3.10.3 Global Geographical Footprint 10.3.10.4 Strategic Initiatives 10.3.10.5 SWOT Analysis 10.3.10.6 Competitive Assessment 10.3.11 SYMBOTICWARE 10.3.11.1 Overview 10.3.11.2 Service Portfolio 10.3.11.3 Global Geographical Footprint 10.3.11.4 Strategic Initiatives 10.3.11.5 SWOT Analysis 10.3.11.6 Competitive Assessment 10.3.12 WIND RIVER 10.3.12.1 Overview 10.3.12.2 Service Portfolio 10.3.12.3 Global Geographical Footprint 10.3.12.4 Strategic Initiatives 10.3.12.5 SWOT Analysis 10.3.12.6 Competitive Assessment 10.3.13 GENERAL ELECTRIC 10.3.13.1 Overview 10.3.13.2 Service Portfolio 10.3.13.3 Global Geographical Footprint 10.3.13.4 Strategic Initiatives 10.3.13.5 SWOT Analysis 10.3.13.6 Competitive Assessment 10.3.14 DHL 10.3.14.1 Overview 10.3.14.2 Service Portfolio 10.3.14.3 Global Geographical Footprint 10.3.14.4 Strategic Initiatives 10.3.14.5 SWOT Analysis 10.3.14.6 Competitive Assessment 10.3.15 SYMANTEC 10.3.15.1 Overview 10.3.15.2 Service Portfolio 10.3.15.3 Global Geographical Footprint 10.3.15.4 Strategic Initiatives 10.3.15.5 SWOT Analysis 10.3.15.6 Competitive Assessment 10.3.16 HUAWEI TECHNOLOGIES 10.3.16.1 Overview 10.3.16.2 Service Portfolio 10.3.16.3 Global Geographical Footprint 10.3.16.4 Strategic Initiatives 10.3.16.5 SWOT Analysis 10.3.16.6 Competitive Assessment 10.3.17 SCHNEIDER ELECTRIC 10.3.17.1 Overview 10.3.17.2 Service Portfolio 10.3.17.3 Global Geographical Footprint 10.3.17.4 Strategic Initiatives 10.3.17.5 SWOT Analysis 10.3.17.6 Competitive Assessment 10.3.18 SIEMENS 10.3.18.1 Overview 10.3.18.2 Service Portfolio 10.3.18.3 Global Geographical Footprint 10.3.18.4 Strategic Initiatives 10.3.18.5 SWOT Analysis 10.3.18.6 Competitive Assessment 10.3.19 ERICSSON 10.3.19.1 Overview 10.3.19.2 Service Portfolio 10.3.19.3 Global Geographical Footprint 10.3.19.4 Strategic Initiatives 10.3.19.5 SWOT Analysis 10.3.19.6 Competitive Assessment 10.3.20 PHILIPS 10.3.20.1 Overview 10.3.20.2 Service Portfolio 10.3.20.3 Global Geographical Footprint 10.3.20.4 Strategic Initiatives 10.3.20.5 SWOT Analysis 10.3.20.6 Competitive Assessment 10.3.21 HONEYWELL 10.3.21.1 Overview 10.3.21.2 Service Portfolio 10.3.21.3 Global Geographical Footprint 10.3.21.4 Strategic Initiatives 10.3.21.5 SWOT Analysis 10.3.21.6 Competitive Assessment 10.3.22 ACCENTURE 10.3.22.1 Overview 10.3.22.2 Service Portfolio 10.3.22.3 Global Geographical Footprint 10.3.22.4 Strategic Initiatives 10.3.22.5 SWOT Analysis 10.3.22.6 Competitive Assessment 10.3.23 TEGO INC. 10.3.23.1 Overview 10.3.23.2 Service Portfolio 10.3.23.3 Global Geographical Footprint 10.3.23.4 Strategic Initiatives 10.3.23.5 SWOT Analysis 10.3.23.6 Competitive Assessment 11 SUCCESS STORIES: KEY INDUSTRY PLAYERS 11.1 GENERAL ELECTRIC 11.2 SCHNEIDER ELECTRIC 11.3 SIEMENS 11.4 HONEYWELL 12 CONSOLIDATION 12.1 Mergers and Acquisitions 12.2 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 12.3 Patent Analysis 13 LIST OF TABLES 14 LIST OF FIGURES