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Internet Of Energy Market Value Growth And Long-Term Outlook
The internet of energy market has experienced substantial expansion in recent years. Projections indicate its size will increase from $175.67 billion in 2025 to $204.65 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 16.5%. This historical growth can be linked to factors such as increasing demand for broadband penetration, the expansion of telecom infrastructure, a rise in mobile data usage, initial fiber deployment initiatives, and the growth in cloud and data center traffic.
The internet of energy market size is poised for substantial expansion in the coming years, with projections indicating it will reach $379. 99 billion by 2030, reflecting a compound annual growth rate (CAGR) of 16. 7%. This anticipated growth throughout the forecast period stems from factors such as the accelerated rollout of 5G infrastructure, a proliferation of IoT-connected devices, government-led digital connectivity initiatives, rising demand for low-latency applications, and the expansion of edge computing networks. Noteworthy trends anticipated during this period include decentralized electricity generation networks, transactive energy trading platforms, virtual power plant aggregation models, peer-to-peer energy exchange systems, and grid balancing and flexibility markets.
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Internet Of Energy Market Expansion Drivers: What’s Shaping Future Growth?
The future expansion of the engineered pumps market is anticipated to be driven by the increasing integration of Internet of Things (IoT) devices. These devices are physical entities equipped with sensors and internet access, enabling them to automatically gather, share, and process data. The surge in IoT device numbers primarily stems from the growing need for automation, given that these interconnected devices facilitate real-time oversight and regulation, thereby enhancing efficiency and minimizing manual labor in residential, industrial, and urban settings. The widespread adoption of IoT devices consequently creates a need for the Internet of Energy, which relies on a digitally linked energy management system founded on smart grid concepts to effectively track, stabilize, and adjust electricity distribution in real time, especially as numerous devices produce variable and scattered energy usage patterns. For example, in July 2025, the European Commission, based in Belgium, reported that approximately 40 billion IoT-connected devices were installed in 2023, with projections indicating a rise to 49 billion by 2026, marking an annual growth rate of 7%. Consequently, the expanding use of IoT devices is propelling the growth of the engineered pumps market.
Internet Of Energy Market Segmentation And Category Overview
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 Strategic Trends: What Defines The Next Growth Phase?
Leading companies in the internet of energy market are concentrating on developing innovative solutions, such as the energy internet ecosystem platform, to facilitate integrated, data-driven energy management; optimize distributed energy resources; and enhance real-time coordination among generation, storage, and consumption. An energy internet ecosystem platform is a digital system that seamlessly integrates and manages energy generation, storage, and consumption in real time to improve efficiency and enable intelligent, decentralized energy coordination. For instance, in March 2026, Haier Energy Technology Co. Ltd., a China-based energy company, introduced its NaHui Energy Internet Ecosystem Platform. This platform is designed to transition renewable energy management from basic capacity expansion to high-performance, intelligence-driven optimization. Leveraging a cloud-edge-terminal architecture, the platform incorporates proprietary AI models and specialized AI energy robots to provide real-time, predictive control over distributed energy assets such as solar, storage, and HVAC systems.
Internet Of Energy Market Leading Players And Competitive Positioning
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 Distribution: Which Areas Power Market Growth?
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.
