Built to provide research that’s more actionable and strategically valuable, The Business Research Company’s 2026 market reports include market attractiveness analysis, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, broader supply chain intelligence, emerging startup tracking, and in-depth product insights.
#IoT In Utilities Market Set To Climb From $65.67 Billion In 2026 To $115.12 Billion By 2030#_x000D_
The iot in utilities market size has witnessed substantial growth over recent years. It is forecast to increase from $57.18 billion in 2025 to $65.67 billion in 2026, achieving a compound annual growth rate (CAGR) of 14.8%. The historical expansion of this market can be linked to the progressive digitization of utility networks, a heightened requirement for grid visibility, the scaling up of renewable energy integration, the increasing deployment of remote asset monitoring, and the greater availability of utility-grade sensors._x000D_
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The iot in utilities market size is projected to experience substantial expansion over the upcoming years, reaching $115.12 billion in 2030, demonstrating a compound annual growth rate (CAGR) of 15.1%. This anticipated increase throughout the forecast period stems from factors such as the increasing integration of AI-driven grid optimization, a heightened emphasis on targets for emission reduction, the broader implementation of microgrid solutions, rising capital expenditure in utility cybersecurity, and a growing need for predictive maintenance tools. Key developments anticipated during this period encompass the expanded rollout of smart grid IoT platforms, a surge in the adoption of advanced metering infrastructure, the deepening integration of distributed energy resource monitoring, the proliferation of real-time utility analytics systems, and a sharpened focus on enhancing grid reliability._x000D_
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#IoT In Utilities Market Demand Drivers: What’s Powering Industry Growth?#_x000D_
The rising need for waste management is anticipated to drive the expansion of the IoT in utilities market in the future. Waste management encompasses the systematic collection, treatment, disposal, and handling of waste materials in an efficient and responsible way. This growing demand for waste management stems from organizations and communities seeking effective, environmentally friendly, and sanitary methods to minimize environmental harm, maximize resource reclamation, and guarantee secure disposal while minimizing disruptions to operations. The Internet of Things (IoT) in waste management provides utilities and municipalities with a chance to optimize operations, lower expenses, boost sustainability, and elevate the standard of waste management services, simultaneously fostering a greener and more sustainable urban setting. For example, in February 2024, data from the United Nations Environment Programme, an international organization based in Kenya, indicated that municipal solid waste generation was approximately 2.1 billion tonnes in 2023 and is expected to increase to 3.8 billion tonnes by 2050. Consequently, the expanding need for waste management is fueling the development of the IoT in utilities market._x000D_
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#IoT In Utilities Market Segment Landscape And Growth Outlook#_x000D_
The iot in utilities market covered in this report is segmented – _x000D_
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1) By Component: Platform, Solutions, Services, Other Components_x000D_
2) By Technology: Sensors, RFID, Connectivity Technology_x000D_
3) By Application: Electricity Grid Management, Gas Management, Water and Waste Management, Other Applications_x000D_
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Subsegments:_x000D_
1) By Platform: Cloud Platforms, Edge Computing Platforms _x000D_
2) By Solutions: Smart Metering, Asset Management, Grid Management, Water Management, Energy Management_x000D_
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services_x000D_
4) By Other Components: Devices And Sensors, Network Infrastructure, Data Management Tools_x000D_
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#IoT In Utilities Market Innovation Trends: What Developments Are Reshaping The Industry?#_x000D_
Major companies operating in the IoT in utilities market are increasingly directing their focus towards technological innovations, such as satellite Internet of Things (IoT) networks, to foster new capabilities in connectivity, monitoring, and remote asset management, particularly in remote or underserved locations. Satellite Internet of Things (IoT) networks are communication systems that employ satellites to connect IoT devices in distant or hard-to-reach areas, facilitating data transmission, oversight, and control without relying on terrestrial infrastructure. For instance, in July 2023, Viasat Inc., a US-based internet service provider commercial company, announced significant technological advancements in satellite-enabled Internet of Things (IoT) networks. This development enables utilities and critical infrastructure operators to remotely monitor and control assets, bolster cybersecurity through secure traffic routing and encryption, support climate and disaster resilience with environmental monitoring and early warning systems, and enhance overall operational efficiency and risk management. This firmly establishes satellite IoT as a core tool for modernizing power grids and accelerating the global shift towards renewable energy sources._x000D_
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#IoT In Utilities Market Competitive Landscape: Who Leads The Industry?#_x000D_
Major companies operating in the iot in utilities market are International Business Machines Corporation; Oracle Corporation; Verizon Communications Inc.; Cisco Systems Inc.; Vodafone Group Plc; Telit Communications PLC; Landis+Gyr AG; Itron Inc.; Schneider Electric SE; Huawei Technologies Co. Ltd.; Trimble Inc.; Asea Brown Boveri Corporation; Honeywell International Inc.; Siemens AG; General Electric; Aclara Technologies LLC; Trilliant Networks Inc; Energyworx; Hindustan Computers Limited; Altair Engineering; Actility S. A; WAVIoT; Rayven LLC; Bosch Software Innovations; C3. AI Inc.; Parametric Technology Corporation; Spectrum; Samsara Inc.; Sierra Wireless; SoluLab; Silver Spring Networks; Sensus; Badger Meter Inc.; Kamstrup A/S; Elster Group GmbH _x000D_
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#IoT In Utilities Market Top Region By Revenue And Market Share#_x000D_
North America was the largest region in the IoT in utilities market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot in utilities market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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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.
