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Internet Of Things (IoT) In Energy Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The internet of things (iot) in energy market has experienced substantial growth recently. This market is projected to expand from $28.56 billion in 2025 to $32.38 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 13.4%. Historically, this growth has been driven by factors such as the broader implementation of smart grid initiatives, increased demand for energy consumption monitoring, greater integration of renewable energy sources, the embrace of digital utility management systems, and the proliferation of connected energy infrastructure.
The market size for the internet of things (IoT) in energy is projected to undergo substantial expansion in the upcoming years. It is foreseen to achieve $52.76 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.0%. This growth during the forecast period is attributable to heightened investments in intelligent energy management platforms, a greater uptake of demand response solutions, the broadening of decentralized energy systems, a stronger emphasis on energy efficiency optimization, and the increasing utilization of cloud-based energy analytics. Prominent trends throughout the forecast period encompass the escalating deployment of smart metering infrastructure, the rising adoption of real-time energy monitoring systems, the deepening integration of IoT with renewable energy assets, the expansion of predictive maintenance across energy networks, and an intensified focus on grid optimization.
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Internet Of Things (IoT) In Energy Market Growth Momentum: Which Factors Are Influencing Demand?
The rising prevalence of cyber threats is expected to stimulate the growth of the Internet of Things (IoT) within the energy market in the coming years. Cyber threats denote potential hazards or dangers caused by malicious activities designed to corrupt data, utilizing various methods and strategies against computer systems, networks, and digital information. IoT devices in the energy sector manage sensitive information pertaining to power consumption, grid operations, and user behavior, rendering them vulnerable to cyberattacks that can result in unauthorized access and privacy breaches. For example, in October 2024, Check Point Software Technologies Ltd., an Israel-based cybersecurity company, reported that cyberattacks in the U.S. had increased by 56% year-over-year, with a weekly average of 1,300 attacks per organization, representing a 10% rise compared to the prior quarter. Hence, the escalation in cyber threats is driving the expansion of the Internet of Things (IoT) in the energy market.
Internet Of Things (IoT) In Energy Market Segment Breakdown: Which Categories Generate The Most Revenue?
The internet of things (iot) in energy market covered in this report is segmented –
1) By Component: Solution, Platforms, Services
2) By Technology: Cellular Network, Satellite Network, Radio Network, Other Technologies
3) By Application: Energy Generation, Energy Consumption, Database And Cloud Security, Other Applications
Subsegments:
1) By Solution: Smart Metering Solutions, Energy Management Solutions, Predictive Maintenance Solutions, Demand Response Solutions
2) By Platforms: IoT Platforms For Energy Management, Data Analytics Platforms, Cloud-Based Platforms, Connectivity Platforms
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training And Education Services
Internet Of Things (IoT) In Energy Market Strategic Trends: What Is Defining The Next Phase Of Growth?
Leading companies operating within the Internet of Things (IoT) in the energy market are prioritizing product innovation through technologies like DATUM, aiming to secure a competitive advantage. DATUM serves as an intelligent tool for diesel storage and management, granting businesses full control over their diesel usage and enabling them to make informed decisions for optimizing operations. For example, Repos Energy, an India-based energy distribution company, introduced DATUM in June 2023. This system offers real-time data on fuel availability, quality, quantity, and usage, allowing businesses to monitor diesel consumption and retrieve records on a daily, weekly, monthly, and yearly basis. Additionally, it features an anti-theft mechanism to prevent fuel theft and is accessible to consumers at their doorstep with a mere phone click.
Internet Of Things (IoT) In Energy Market Key Players And Strategic Industry Positioning
Major companies operating in the internet of things (iot) in energy market are Siemens AG; Schneider Electric SE; Rockwell Automation Inc.; Honeywell International Inc.; Aclara Technologies LLC; C3.AI Inc.; Davra Networks; AGT International; Duke Energy Corporation; Enel S.p.A.; Électricité de France; Pacific Gas and Electric Company; National Grid PLC; Southern Company; Asea Brown Boveri Ltd.; General Electric Company; ABB Ltd.; Itron Inc.; Landis+Gyr AG; GridPoint Inc.; Johnson Controls International PLC; Microsoft Corporation; Oracle Corporation; Eaton Corporation plc; Carrier Global Corporation; IoT.nxt; WebNMS; EcoEnergy Insights; Tantalus Systems Corp.
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Internet Of Things (IoT) In Energy Market Regional Analysis: Which Region Leads By Revenue?
North America was the largest region in the k market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global internet of things (IoT) in energy market during the forecast period. The regions covered in the internet of things (iot) in energy market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, 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.