Internet of Things in the Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Internet of Things in the Energy Market is segmented by Type (Hardware, IoT Software, IoT Platform, IoT Security, and IoT Services) and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Internet of Things in the Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Internet of Things in the Energy Market Size

Internet of Things in Energy Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 10.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Internet of Things in Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Internet of Things in Energy Market with other markets in Technology, Media and Telecom Industry

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Internet of Things in the Energy Market Analysis

The Internet of Things in Energy Market is expected to register a CAGR of 10% during the forecast period.

  • The Internet of Things (IoT) is expected to impact the energy sector significantly. From monitoring the temperature of a room using sensors to complex applications that control the energy use of an entire building, IoT helps in cost-cutting.
  • Organizations can independently monitor their equipment, including machinery, lighting, heating, and air conditioning systems. IoT device data is analyzed to develop strategies for increasing efficiency. IoT solutions also assist in remotely controlling and regulating systems to establish the highest possible energy production efficiency.
  • The decreasing natural resources that produce energy and the increasing wastage of energy have drawn the attention of various nations worldwide to innovate solutions that reduce energy wastage and adopt solutions that offer high efficiency.
  • A predictive analytics network monitors the data from sensors embedded in power grids. Thus, machinery can reduce energy transmission and distribution losses, making energy consumption highly efficient and cost-effective worldwide.
  • Companies such as Nexus Solutions offer connected solutions to monitor and reduce energy consumption in buildings. Aquicore is also developing an analytics platform that connects to energy meters that have already been installed, enabling organizations to make decisions that improve staff productivity and reduce energy wastage.
  • However, integrating new sustainable distributed energy resources (DER) into the existing grid is designed to distribute centrally generated energy, which is quite challenging.
  • IoT was beneficial for the energy sector during the pandemic, from sensors that enable monitoring of room temperatures to managing energy usage from a distance, resulting in sustainable development and cost reduction. Additionally, several IoT systems made it possible to use renewable energy, reducing pollution and exploiting non-renewable resources, enabling enterprises to continue operating despite government lockdowns out of concern for employee safety. For the majority of tasks in businesses in this industry during the pandemic, IoT enabled remote working.

Internet of Things in the Energy Industry Overview

The internet of things in the energy market is fragmented. The increasing awareness of energy waste control and cost-effectiveness provides lucrative opportunities in the industrial robot market. Overall, the competitive rivalry among existing competitors is high. Acquisitions and collaboration of large companies with startups are expected, focusing on innovation. 

In March 2022, Intel Corporation announced an agreement to acquire Granulate Cloud Solutions Ltd, an Israel-based company. Granulate Cloud Solutions Ltd creates software for continuous real-time optimization. Customers of cloud and data centers will benefit from Granulate's acquisition by increasing compute workload performance and reducing infrastructure and cloud costs.

In March 2022, SAP SE acquired Taulia. The acquisition boosts SAP's offerings for the CFO office and broadens its business network. Taulia's products will continue to be offered separately and fully into SAP software. Within the SAP Group, Taulia will do business as an independent company with its brand.

In February 2022, Intel Acquired Linutronix, the PREEMPT RT (Real Time) architect and a technology provider for industrial Linux. With the growth of Intel's software ecosystem, this acquisition reflects Intel's commitment to supporting the Linux kernel and the Linux community.

Internet of Things in the Energy Market Leaders

  1. AGT International

  2. Cisco Systems Inc.

  3. IBM Corporation

  4. Intel Corporation

  5. SAP SE

  6. *Disclaimer: Major Players sorted in no particular order
Internet of Things in Energy Market Concentration
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Internet of Things in the Energy Market News

  • Nov 2022: With the subsequent development in indoor cellular networks, Huawei Technologies Co. Ltd started offering 5G distributed massive MIMO. To replicate Massive MIMO indoors, Huawei offers to coordinate distributed indoor radio networks like the enhanced antenna arrays of Massive MIMO.
  • Jul 2022: A post-quantum cryptography (QPC) edition of Crypto Quantique's QuarkLink chip-to-cloud IoT security platform was released. Crypto Quantique specializes in quantum-driven cybersecurity for the IoT. The updated platform, particularly the selected vital encapsulation mechanism (KEM), CRYSTALS-Kyber, is said to be the first to incorporate post-quantum algorithms announced for standardization by the National Institute of Standards and Technology (NIST).
  • Feb 2022: Nokia and AT&T collaborated to enhance 5G uplink with distributed massive MIMO. Through the distributed tremendous MIMO technique, this collaboration aims to improve uplink performance while maintaining downlink efficiency. At AT&T Labs, a gigantic distributed MIMO lab system prototype was installed and tested. Based on simulations, the 5G uplink capacity will grow by 60-90%.

Internet of Things in the Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of COVID-19 Impact on the Industry
  • 4.5 Market Drivers
    • 4.5.1 Increasing Awareness of Energy Consumption Control
  • 4.6 Market Restraints
    • 4.6.1 High Risk Associated with Data

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Hardware
    • 5.1.1.1 Smart Thermostats
    • 5.1.1.2 Smart Meters
    • 5.1.1.3 EV Charging Stations
    • 5.1.1.4 Other Types of Hardware
    • 5.1.2 IoT Software
    • 5.1.3 IoT Platform
    • 5.1.4 IoT Security
    • 5.1.5 IoT Services
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia Pacific
    • 5.2.4 Latin America
    • 5.2.5 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles*
    • 6.1.1 AGT International
    • 6.1.2 Carriots SL
    • 6.1.3 Cisco Systems Inc.
    • 6.1.4 Davra Networks
    • 6.1.5 Flutura Business Solutions LLC
    • 6.1.6 IBM Corporation
    • 6.1.7 Intel Corporation
    • 6.1.8 Maven Systems Private Limited
    • 6.1.9 SAP SE
    • 6.1.10 Wind River Systems Inc.

7. INVESTMENT ANALYSIS

8. FUTURE OF THE MARKET

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Internet of Things in the Energy Industry Segmentation

IoT technology in the energy sector cuts costs and creates more productive connected buildings. The Internet of Things in the energy market provides different hardware, software, services, connectivity, and integrated solutions.

The Internet of Things in the Energy Market is segmented by Type (Hardware, IoT Software, IoT Platform, IoT Security, and IoT Services) and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Type Hardware Smart Thermostats
Smart Meters
EV Charging Stations
Other Types of Hardware
IoT Software
IoT Platform
IoT Security
IoT Services
Geography North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Internet of Things in the Energy Market Research FAQs

What is the current Internet of Things in Energy Market size?

The Internet of Things in Energy Market is projected to register a CAGR of 10% during the forecast period (2025-2030)

Who are the key players in Internet of Things in Energy Market?

AGT International, Cisco Systems Inc., IBM Corporation, Intel Corporation and SAP SE are the major companies operating in the Internet of Things in Energy Market.

Which is the fastest growing region in Internet of Things in Energy Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Internet of Things in Energy Market?

In 2025, the North America accounts for the largest market share in Internet of Things in Energy Market.

What years does this Internet of Things in Energy Market cover?

The report covers the Internet of Things in Energy Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Internet of Things in Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Internet of Things in the Energy Industry Report

Statistics for the 2025 Internet of Things in Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Internet of Things in Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.