Global Iot In Utilities Market Size & Outlook, 2025-2030
Global iot in utilities market, 2018-2030 (US$M)
Related Markets
Global iot in utilities market highlights
- The global iot in utilities market generated a revenue of USD 55,653.5 million in 2024 and is expected to reach USD 102,357.9 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 10% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 23,287.8 million in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 55,653.5 million |
| Market revenue in 2030 | USD 102,357.9 million |
| Growth rate | 10% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 36.5% of the global iot in utilities market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 5,170.7 million by 2030.
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IoT In Utilities Market Scope
IoT In Utilities Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Verizon Communications Inc | View profile | 105400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | https://www.verizon.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Portland General Electric Co | View profile | 2842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | https://www.portlandgeneral.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
Global iot in utilities market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iot in utilities market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 41.84% in 2024. Horizon Databook has segmented the Global iot in utilities market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
- Global IoT In Utilities Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Service
- Consulting
- Support and Maintenance
- Integration and Deployment
- Software
- Global IoT In Utilities Deployment Outlook (Revenue, USD Million, 2018-2030)
- On premise
- Cloud
- Global IoT In Utilities Connectivity Outlook (Revenue, USD Million, 2018-2030)
- Wi Fi
- Bluetooth
- Z Wave
- Zigbee
- Others
- Global IoT In Utilities Application Outlook (Revenue, USD Million, 2018-2030)
- Energy Management Systems
- Water Management
- Others
- Smart Meters
- Smart Grid
- Waste Management
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Horizon Databook provides a detailed overview of global-level data and insights on the Global iot in utilities market , including forecasts for subscribers. This global databook contains high-level insights into Global iot in utilities market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global iot in utilities market size, by regions, 2018-2030 (US$M)
Top 10 countries: Iot in utilities market size, 2024 (US$M)
Global iot in utilities market share, by component, 2024 & 2030 (%, US$M)
Iot in utilities market: Opportunity assessment by country
Global iot in utilities market, by region, 2024 (US$M)
Related statistics
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