Middle East & Africa Iot In Energy Market Size & Outlook
The iot in energy market in Middle East & Africa is expected to reach a projected revenue of US$ 4,882.8 million by 2030. A compound annual growth rate of 18.3% is expected of Middle East & Africa iot in energy market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,503.0
Forecast, 2030 (US$M)
$4,882.8
CAGR, 2024 - 2030
18.3%
Report Coverage
Middle East & Africa
Middle East & Africa iot in energy market, 2018-2030 (US$M)
MEA iot in energy market highlights
- The MEA iot in energy market generated a revenue of USD 1,503.0 million in 2023.
- The market is expected to grow at a CAGR of 18.3% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,503.0 million |
| Market revenue in 2030 | USD 4,882.8 million |
| Growth rate | 18.3% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.0% of the global iot in energy market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,882.8 million by 2030.
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IoT in Energy Market Scope
Iot in energy market segmentation & scope
Energy Management
Safety Solution
Connected Logistics
Compliance & Risk Management
Data Management & Analytics
Others
Services
Professional Services
Managed Services
Application
Oil & Gas
Coal Mine
Smart Grid
Deployment
On-premise
Cloud
Connectivity
Zigbee
Wi-Fi
Bluetooth
Z-Wave
Others
Countries
U.S.
Canada
Mexico
Brazil
Argentina
Denmark
Germany
France
Italy
Sweden
Spain
UK
Norway
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand
IoT in Energy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa iot in energy market
Related regional statistics
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