세계의 유틸리티용 IoT 시장 규모는 2023년에 1,183억 달러로 예측 기간(2025-2032년)의 CAGR은 16.5%를 나타낼 것으로 예측되며 2024년 1,378억 2,000만 달러에서 2032년에는 4,676억 5,000만 달러로 성장할 전망입니다.
에너지 효율성 요구 증가와 스마트 그리드 기술 및 실시간 모니터링 솔루션 도입으로 글로벌 유틸리티용 IoT 시장은 견조한 성장세를 보이고 있습니다. 스마트 계량기 투자, 재생 에너지 통합, 예측 유지보수 기술 발전이 주요 성장 동력입니다. 정부 지원 스마트 시티 사업과 강화된 IoT 인프라가 시장 모멘텀에 크게 기여하고 있습니다. 또한 5G와 같은 기술 발전을 통한 연결성 향상과 AI 기반 예측 분석의 잠재력은 유틸리티 운영을 최적화하고 비용을 절감하며 공급자와 소비자 모두에게 신뢰성을 높입니다. 도시화는 지속 가능한 자원 관리의 필요성을 강조하며, 기업들이 고객 경험 향상, 정전 최소화, 에너지 분배 효율화를 위해 이러한 기술을 활용함에 따라 유틸리티용 IoT 채택을 더욱 촉진하고 있습니다.
Global IoT In Utilities Market size was valued at USD 118.3 billion in 2023 and is poised to grow from USD 137.82 billion in 2024 to USD 467.65 billion by 2032, growing at a CAGR of 16.5% during the forecast period (2025-2032).
The global IoT in utilities market is experiencing robust growth driven by the rising demand for energy efficiency and the implementation of smart grid technologies and real-time monitoring solutions. Investments in smart metering, the integration of renewable energy sources, and advancements in predictive maintenance are key growth enablers. Government-backed smart city initiatives and enhanced IoT infrastructure contribute significantly to market momentum. Additionally, improved connectivity through advancements like 5G and the potential of AI-driven predictive analytics optimize utility operations, reduce costs, and enhance reliability for providers and consumers alike. Urbanization underscores the necessity for sustainable resource management, further propelling the adoption of IoT in utilities, as companies leverage these technologies to enhance customer experience, minimize outages, and streamline energy distribution.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global IoT In Utilities market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global IoT In Utilities Market Segments Analysis
Global IoT In Utilities Market is segmented by Component, Deployment, Connectivity and region. Based on Component, the market is segmented into Hardware, Software and Services. Based on Deployment, the market is segmented into On-premises and Cloud. Based on Connectivity, the market is segmented into WIFI and Z- wave. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global IoT In Utilities Market
The Global IoT in Utilities market is experiencing significant growth, fueled by the increasing implementation of smart grid technologies aimed at enhancing energy distribution and management efficiency. Utilities are embracing IoT-enabled smart grids to improve visibility across the grid, boost energy efficiency, and lower operational costs. These technologies, including advanced metering infrastructure, distribution automation, and demand response initiatives, empower utilities to remotely oversee and regulate grid operations, optimize energy flow, and actively engage with consumers to manage energy usage more effectively. This shift toward smarter infrastructures is transforming the landscape of utility management, driving innovation and sustainability.
Restraints in the Global IoT In Utilities Market
The implementation of IoT technology in the utilities sector often involves significant initial expenses related to smart devices, sensors, and the necessary network infrastructure. This financial burden can result in delayed deployment, especially for utilities in developing areas that face tighter budget constraints. Additionally, the challenges associated with integrating IoT solutions into existing legacy systems can further complicate and increase costs, serving as additional barriers to widespread adoption in the market. These factors collectively hinder the progress and implementation of IoT technologies in the utilities industry, limiting the growth potential of this promising market.
Market Trends of the Global IoT In Utilities Market
The Global IoT in Utilities market is experiencing a significant surge as utility companies increasingly integrate Artificial Intelligence (AI) with Internet of Things (IoT) technologies. This strategic amalgamation enhances operational capabilities such as predictive maintenance, effective fault detection, and accurate demand forecasting. Machine learning algorithms leverage real-time sensor data to optimize grid performance, minimize downtime, and improve energy efficiency. As utilities strive for data-driven insights to enhance cost efficiency and bolster operational resilience, the demand for sophisticated IoT solutions continues to rise, positioning this sector at the forefront of technological advancement and innovation in the utilities landscape.