The North America IoT in Energy Market would witness market growth of 18.3% CAGR during the forecast period (2022-2028).
Hardware consists of smart thermostats, EV charging stations, smart metres, and other devices. In recent years, utility companies have implemented smart metres as among the most prominent IoT devices. These devices can connect buildings to the smart energy grid, enabling companies to regulate energy flow more effectively. Smart cities also make use of smart metres. Businesses can access rich, real-time data from Internet of Things (IoT)-capable smart metres to enhance service while reducing costs and boosting profits. In addition, these contribute in efficient load balancing and the elimination of power outages, energy distribution simplification via more accurate predictions, and dynamic pricing by increasing or decreasing prices based on real-time demand.
By updating to smart metres & grids, a number of governments are aiming to utilize IoT to facilitate the expansion of localized green energy generation. The US Department of Energy, for instance, is developing a smart grid that will enhance the use of green energy simultaneously reducing prices. Additionally, these reasons force energy companies to engage in IoT technology in order to remain competitive.
Canada is among the world's leaders in the use of renewable, clean energy. In 2019, wind, hydro, solar, and other sources like biomass, geothermal, and marine/tidal wave energy accounted for around 65 percent of the total power generation. Generally, hydropower has been Canada's primary source of energy, generating over 60% of the nation's electricity.
The US market dominated the North America IoT in Energy Market by Country in 2021; thereby, achieving a market value of $93.3 billion by 2028. The Canada market is estimated to witness a CAGR of 21% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 20% during (2022 - 2028).
Based on Application, the market is segmented into Oil & Gas, Smart Grid, Coal Mining and Others. Based on Network Technology, the market is segmented into Radio Network, Cellular Network and Satellite Network. Based on Component, the market is segmented into Solution and Services. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global IoT in Energy Market is Estimated to reach $357.4 Billion by 2028, at a CAGR of 19.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, IBM Corporation, Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Intel Corporation, SAP SE, Schneider Electric SE, Robert Bosch GmbH, Google LLC and HCL Technologies Ltd. (HCL Enterprises).
Scope of the Study
Market Segments Covered in the Report:
By Application
- Oil & Gas
- Smart Grid
- Coal Mining
- Others
By Network Technology
- Radio Network
- Cellular Network
- Satellite Network
By Component
By Organization Size
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- IBM Corporation
- Cisco Systems, Inc.
- Hewlett-Packard enterprise company
- Intel Corporation
- SAP SE
- Schneider Electric SE
- Robert Bosch GmbH
- Google LLC
- HCL Technologies Ltd. (HCL Enterprises)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IoT in Energy Market, by Application
1.4.2 North America IoT in Energy Market, by Network Technology
1.4.3 North America IoT in Energy Market, by Component
1.4.4 North America IoT in Energy Market, by Organization Size
1.4.5 North America IoT in Energy Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Nov – 2022, May) Leading Players
Chapter 4. North America IoT in Energy Market by Application
4.1 North America Oil & Gas Market by Country
4.2 North America Smart Grid Market by Country
4.3 North America Coal Mining Market by Country
4.4 North America Others Market by Country
Chapter 5. North America IoT in Energy Market by Network Technology
5.1 North America Radio Network Market by Country
5.2 North America Cellular Network Market by Country
5.3 North America Satellite Network Market by Country
Chapter 6. North America IoT in Energy Market by Component
6.1 North America Solution Market by Country
6.2 North America Services Market by Country
Chapter 7. North America IoT in Energy Market by Organization Size
7.1 North America Large Enterprises Market by Country
7.2 North America SMEs Market by Country
Chapter 8. North America IoT in Energy Market by Country
8.1 US IoT in Energy Market
8.1.1 US IoT in Energy Market by Application
8.1.2 US IoT in Energy Market by Network Technology
8.1.3 US IoT in Energy Market by Component
8.1.4 US IoT in Energy Market by Organization Size
8.2 Canada IoT in Energy Market
8.2.1 Canada IoT in Energy Market by Application
8.2.2 Canada IoT in Energy Market by Network Technology
8.2.3 Canada IoT in Energy Market by Component
8.2.4 Canada IoT in Energy Market by Organization Size
8.3 Mexico IoT in Energy Market
8.3.1 Mexico IoT in Energy Market by Application
8.3.2 Mexico IoT in Energy Market by Network Technology
8.3.3 Mexico IoT in Energy Market by Component
8.3.4 Mexico IoT in Energy Market by Organization Size
8.4 Rest of North America IoT in Energy Market
8.4.1 Rest of North America IoT in Energy Market by Application
8.4.2 Rest of North America IoT in Energy Market by Network Technology
8.4.3 Rest of North America IoT in Energy Market by Component
8.4.4 Rest of North America IoT in Energy Market by Organization Size
Chapter 9. Company Profiles
9.1 Accenture PLC
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Cisco Systems, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Hewlett Packard Enterprise Company
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Intel Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 SAP SE
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 Schneider Electric SE
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Robert Bosch GmbH
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Google LLC
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. HCL Technologies Ltd. (HCL Enterprises)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
TABLE 1 North America IoT in Energy Market, 2018 - 2021, USD Million
TABLE 2 North America IoT in Energy Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– IoT in Energy Market
TABLE 4 Product Launches And Product Expansions– IoT in Energy Market
TABLE 5 Acquisition and Mergers– IoT in Energy Market
TABLE 6 North America IoT in Energy Market by Application, 2018 - 2021, USD Million
TABLE 7 North America IoT in Energy Market by Application, 2022 - 2028, USD Million
TABLE 8 North America Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Smart Grid Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Smart Grid Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Coal Mining Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Coal Mining Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 16 North America IoT in Energy Market by Network Technology, 2018 - 2021, USD Million
TABLE 17 North America IoT in Energy Market by Network Technology, 2022 - 2028, USD Million
TABLE 18 North America Radio Network Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Radio Network Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Cellular Network Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Cellular Network Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Satellite Network Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Satellite Network Market by Country, 2022 - 2028, USD Million
TABLE 24 North America IoT in Energy Market by Component, 2018 - 2021, USD Million
TABLE 25 North America IoT in Energy Market by Component, 2022 - 2028, USD Million
TABLE 26 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 30 North America IoT in Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 31 North America IoT in Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 32 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 34 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 35 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 36 North America IoT in Energy Market by Country, 2018 - 2021, USD Million
TABLE 37 North America IoT in Energy Market by Country, 2022 - 2028, USD Million
TABLE 38 US IoT in Energy Market, 2018 - 2021, USD Million
TABLE 39 US IoT in Energy Market, 2022 - 2028, USD Million
TABLE 40 US IoT in Energy Market by Application, 2018 - 2021, USD Million
TABLE 41 US IoT in Energy Market by Application, 2022 - 2028, USD Million
TABLE 42 US IoT in Energy Market by Network Technology, 2018 - 2021, USD Million
TABLE 43 US IoT in Energy Market by Network Technology, 2022 - 2028, USD Million
TABLE 44 US IoT in Energy Market by Component, 2018 - 2021, USD Million
TABLE 45 US IoT in Energy Market by Component, 2022 - 2028, USD Million
TABLE 46 US IoT in Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 47 US IoT in Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 48 Canada IoT in Energy Market, 2018 - 2021, USD Million
TABLE 49 Canada IoT in Energy Market, 2022 - 2028, USD Million
TABLE 50 Canada IoT in Energy Market by Application, 2018 - 2021, USD Million
TABLE 51 Canada IoT in Energy Market by Application, 2022 - 2028, USD Million
TABLE 52 Canada IoT in Energy Market by Network Technology, 2018 - 2021, USD Million
TABLE 53 Canada IoT in Energy Market by Network Technology, 2022 - 2028, USD Million
TABLE 54 Canada IoT in Energy Market by Component, 2018 - 2021, USD Million
TABLE 55 Canada IoT in Energy Market by Component, 2022 - 2028, USD Million
TABLE 56 Canada IoT in Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 57 Canada IoT in Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 58 Mexico IoT in Energy Market, 2018 - 2021, USD Million
TABLE 59 Mexico IoT in Energy Market, 2022 - 2028, USD Million
TABLE 60 Mexico IoT in Energy Market by Application, 2018 - 2021, USD Million
TABLE 61 Mexico IoT in Energy Market by Application, 2022 - 2028, USD Million
TABLE 62 Mexico IoT in Energy Market by Network Technology, 2018 - 2021, USD Million
TABLE 63 Mexico IoT in Energy Market by Network Technology, 2022 - 2028, USD Million
TABLE 64 Mexico IoT in Energy Market by Component, 2018 - 2021, USD Million
TABLE 65 Mexico IoT in Energy Market by Component, 2022 - 2028, USD Million
TABLE 66 Mexico IoT in Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 67 Mexico IoT in Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 68 Rest of North America IoT in Energy Market, 2018 - 2021, USD Million
TABLE 69 Rest of North America IoT in Energy Market, 2022 - 2028, USD Million
TABLE 70 Rest of North America IoT in Energy Market by Application, 2018 - 2021, USD Million
TABLE 71 Rest of North America IoT in Energy Market by Application, 2022 - 2028, USD Million
TABLE 72 Rest of North America IoT in Energy Market by Network Technology, 2018 - 2021, USD Million
TABLE 73 Rest of North America IoT in Energy Market by Network Technology, 2022 - 2028, USD Million
TABLE 74 Rest of North America IoT in Energy Market by Component, 2018 - 2021, USD Million
TABLE 75 Rest of North America IoT in Energy Market by Component, 2022 - 2028, USD Million
TABLE 76 Rest of North America IoT in Energy Market by Organization Size, 2018 - 2021, USD Million
TABLE 77 Rest of North America IoT in Energy Market by Organization Size, 2022 - 2028, USD Million
TABLE 78 Key information – Accenture PLC
TABLE 79 Key information – IBM Corporation
TABLE 80 Key Information – Cisco Systems, Inc.
TABLE 81 key information – Hewlett Packard Enterprise Company
TABLE 82 Key Information – Intel Corporation
TABLE 83 Key Information – SAP SE
TABLE 84 Key information – Schneider Electric SE
TABLE 85 key information – Robert Bosch GmbH
TABLE 86 Key Information – Google LLC
TABLE 87 Key Information – HCL Technologies Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Nov – 2022, May) Leading Players
FIG 6 Recent strategies and developments: Accenture PLC
FIG 7 Swot analysis: Accenture plc
FIG 8 Recent strategies and developments: IBM Corporation
FIG 9 Swot analysis: IBM Corporation
FIG 10 SWOT Analysis: Cisco Systems, Inc.
FIG 11 SWOT analysis: Hewlett-Packard enterprise Company
FIG 12 SWOT analysis: Intel corporation
FIG 13 SWOT Analysis: SAP SE
FIG 14 Recent strategies and developments: Schneider Electric SE
FIG 15 Swot analysis: Schneider Electric SE
FIG 16 Swot analysis: Robert Bosch GmbH
FIG 17 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 18 Recent strategies and developments: HCL Technologies Ltd.