Global IoT in Utility Market: Size & Trends Shows a Rapid Growth by 2027

The Global Internet of Things (IoT) in Utility Market size is expected to grow at an annual average of 12% during 2021-2027. The Utility’s Internet of Things (IoT) is expected to reduce the challenges faced by the utility department and boost progress. Using IoT in utilities can increase efficiency, generate revenue, and save enterprise resources. IoT sensors, on the other hand, optimize water and energy generation and distribution, helping utility providers sustain the growing demand for utilities, including gas, electricity, and water from consumers. 

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A full report of Global IoT in Utility Market https://www.orionmarketreports.com/iot-utility-market/43994/

The IoT in Utility Market key players in this market include:

  • PingThings Inc.
  • Itron
  • Actility
  • SA
  • Trilliant Incorporated
  • Cisco Systems Inc.
  • Comcast Corporation
  • IBM Corporation

By Type

  • Platform
  • Solutions
  • Services

By Application

  • Water and Wastewater Management
  • Utility Gas Management
  • Electricity Grid Management

Scope of the Report

The research study analyses the global IoT in Utility industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key Questions Answered by IoT in Utility Market Report

  1. What was the IoT in Utility Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2021-2027).
  2. What will be the CAGR of IoT in Utility Market during the forecast period (2021-2027)?
  3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
  4. Which manufacturer/vendor/players in the IoT in Utility Market was the market leader in 2021?
  5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report covers the following objectives:

  • Proliferation and maturation of trade in the global IoT in Utility market.
  • The market share of the global IoT in Utility market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
  • Current and future market trends that are influencing the growth opportunities and growth rate of the global IoT in Utility market.
  • Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global IoT in Utility market.

(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)