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Internet Of Energy Market Forecast Highlighting Growth From $204.65 Billion To $379.98 Billion
The internet of energy market has experienced significant expansion in recent years. Its value is projected to rise from $175.67 billion in 2025 to $204.65 billion in 2026, achieving a compound annual growth rate (CAGR) of 16.5%. This historical growth has been driven by greater demand for broadband penetration, the widening reach of telecom networks, a surge in mobile data usage, early initiatives for fiber deployment, and an increase in cloud and data center traffic.
The internet of energy market is projected to experience significant growth in the coming years, with its value anticipated to hit $379.99 billion by 2030, representing a compound annual growth rate (CAGR) of 16.7%. This expansion during the forecast period is driven by factors such as the accelerated deployment of 5G infrastructure, a rising number of IoT-connected devices, government-backed digital connectivity programs, heightened demand for low-latency applications, and the broadening of edge computing networks. Key developments shaping this period include the emergence of decentralized power generation systems, transactive energy trading platforms, virtual power plant aggregation approaches, peer-to-peer energy exchange schemes, and grid balancing and flexibility markets.
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Internet Of Energy Market Growth Drivers: What Factors Are Accelerating Expansion?
The anticipated expansion of the engineered pumps market is being driven by the growing adoption of internet of things (IoT) devices. These IoT devices are physical items that incorporate sensors and internet capabilities to automatically gather, share, and act upon data. The increasing prevalence of IoT devices is largely due to a heightened need for automation, as these connected systems facilitate real-time monitoring and control, boosting efficiency and minimizing human intervention in homes, industries, and urban environments. This rapid integration of IoT devices fuels a requirement for the Internet of energy, which depends on a digitally linked energy management framework grounded in smart grid concepts to effectively monitor, balance, and dynamically distribute electricity in real time. This capability is essential because millions of devices generate fluctuating and decentralized energy consumption patterns. As an illustration, in July 2025, the European Commission—a governing entity based in Belgium—reported that approximately 40 billion IoT-connected devices were installed in 2023, a figure that is expected to reach 49 billion by 2026, reflecting an annual growth rate of 7%. As a result, the escalating deployment of IoT devices is propelling the growth of the engineered pumps market.
Internet Of Energy Market Segment Analysis: What Are The Major Market Categories?
The internet of energy market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Internet Of Things, Artificial Intelligence And Machine Learning, Big Data And Analytics, Cloud Computing, Edge Computing, Blockchain, Communication Technologies
3) By Deployment Mode: On-Premises, Cloud-Based
4) By Application: Smart Grid Management, Energy Distribution And Transmission Monitoring, Demand Response And Load Management, Renewable Energy Integration, Energy Storage Optimization, Electric Vehicle Charging Management, Predictive Maintenance
5) By End User: Utilities, Industrial, Commercial, Residential, Transportation
Subsegments:
1) By Hardware: Smart Grids Infrastructure, Energy Storage Systems, Edge Computing Devices
2) By Software: Energy Management Systems, Grid Management Software, Data Analytics And Artificial Intelligence Platforms
3) By Services: System Integration Services, Consulting And Advisory Services, Maintenance And Support Services
Internet Of Energy Market Trends: What Is Shaping Future Industry Growth?
Major players within the internet of energy space are concentrating their efforts on creating advanced solutions, like the energy internet ecosystem platform, intended to facilitate integrated, data-centered energy management; streamline the use of distributed energy resources; and improve instant coordination across generation, storage, and usage. An energy internet ecosystem platform represents a digital framework that merges and oversees energy production, storage, and consumption in real time to boost efficiency and allow for smart, decentralized energy coordination. As an example, in March 2026, Haier Energy Technology Co. Ltd., an energy firm based in China, introduced a NaHui Energy Internet Ecosystem Platform, aimed at transforming renewable energy management from simple capacity expansion to high-performance, intelligence-led enhancement. Employing a cloud-edge-terminal setup, the system incorporates proprietary AI algorithms and specialized AI energy robots to deliver real-time, predictive oversight of distributed energy resources including solar panels, storage units, and HVAC equipment.
Internet Of Energy Market Leading Companies Driving Competitive Growth
Major companies operating in the internet of energy market are Siemens AG, Schneider Electric SE, ABB Ltd., General Electric (GE Vernova), Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Honeywell International Inc., Oracle Corporation, SAP SE, Intel Corporation, Huawei Technologies Co. Ltd., Infosys Limited, HCL Technologies Limited, Rockwell Automation Inc., Johnson Controls International plc, Landis+Gyr Group AG, Itron Inc., Accenture plc, Trilliant Holdings Inc.
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Internet Of Energy Market Regional Analysis: Which Region Leads By Revenue?
North America was the largest region in the internet of energy market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of energy market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
