IoT in Utilities Segmentation
The IoT in utilities market is segmented and analyzed for demand and supply by application into gas, water, electricity grid, wastewater, and others, out of which, the electricity grid segment is projected to acquire the largest share in the IoT in utilities market over the forecast period. The growth of the segment can be accounted to the skyrocketing demand for electricity in each sector of all sorts of industries. Electricity grids comprise enhanced meters, receivers, sensors, and energy boxes that share data pockets by communicating with each other. For instance, about 25,000 terawatts of energy were produced in the year 2021.
Our in-depth analysis of the global IoT in utilities market includes the following segments:
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of IoT in utilities is estimated at USD 57.29 billion.
IoT in Utilities Market size was over USD 52.15 billion in 2024 and is anticipated to cross USD 217.21 billion by 2037, growing at more than 11.6% CAGR during the forecast period i.e., between 2025-2037.
North America industry is anticipated to hold largest revenue share by 2037, driven by higher adoption of smart grid technology and presence of large investors.
The major players in the market are General Electric Company, Cisco Systems, Inc., Vodafone Group Plc, Oracle Corporation, Honeywell International Inc., Telit IoT Platforms, LLC, Trimble Inc., Landis+Gyr AG, and others.
