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Global IoT in Renewable Energy Market had the revenue of USD $10.1 billion in 2016 and expected to grow at a CAGR of 20.6% to reach USD $ 45.6 billion in 2024. Increasing awareness towards security against cyber-attacks and rising demand for increased operational efficiency is expected to drive the IoT in renewable energy Market in the forecast period. As a result, solution providers are shifting focus towards IoT security solutions to safeguard the connected devices. Advancement in next-generation sensors is another major driving factor of the Global IoT in Renewable Energy Market. Global IoT in Renewable Energy Market The increasing demand for IoT solutions is bringing down the operating costs and improving profit margins from renewable energy companies such as oil and gas, wind energy, and solar energy and thus, drive the Global IoT in Renewable Energy Market through the forecast period. The expenditure in the energy sector is increasing due to the expansion of the residential, commercial, and industrial infrastructure along with an increased focus on energy conservation initiatives. In this case, the IoT systems provide real-time data about parameters such as voltage fluctuations and early warning signs of equipment failure and ensure proper allocation of maintenance crews. These beneficial activities of the IoT in the renewable energy sector drive the market through 2024. Other factors including rising security concerns, monitoring of operations, minimizing the demand-supply gap, and combating cyber threat also drive the market. Governments of several countries are increasingly shifting towards green energy owing to increased global warming and excess depletion of fossil fuel reserves. With several countries, such as Australia eying to go 100% renewable by 2030, demand for smart monitoring systems capable of warranting a smooth transition from conventional power to renewables is expected to increase through 2024. This has paved ways for deployment of IoT solution in the renewable industries across the globe. Capacity expansions of existing solar and wind power plants is expected to drive the demand for IoT solutions in near future. Research Analyst has undertaken extensive research about the current Global IoT in Renewable Energy Market outlook with respect to its applications as well as the assuring future of the technology in this sector. Notably, the report delivers a deep insight into the drivers, opportunities, and restraints that exist in the Global IoT in Renewable Energy Market. The report also forecasts the future market opportunities that shall exist in this sector. Based on the analysis, report segments the market broadly -by Solution -by End-Use –by Application -by Region. According to the energy industry, North America holds the major share of renewable energy consumption and expected to increase through the forecast period. With consumption on the rise, energy companies are incentivized to improve efficiency to decrease their total operating costs, and opportunities for these improvements are abundant. Thus, the market for IoT in the renewable energy sector is expected to drive the through the forecast period. The U.S. had the highest energy consumption in the North American region. U.S. industry could introduce measures that cut energy consumption by 14% or 22%. IoT technologies that either exist or are being developed are among the tech-based solutions that promise to address efficiency and security issues for the energy sector. The asia-pacific market for Global IoT in Renewable Energy Market is expected to grow at the highest rate through the forecast period. The growth is driven by the emergence of smart cities in the region. Singapore is leveraging on its Smart Nation program to resolve challenges in the utilities, transport and healthcare space. China plans to build 202 smart cities to cope with rapid urbanization. In fact, Asian enterprises are ahead of their US peers in IoT adoption. Consumer electronics players like Samsung and LG target for 90% of their products to be IoT capable by 2019. The scope of the Report: Global IoT In Renewable Energy Market, by Solution: Analytic Software, Hardware Platform, Service, Connectivity Global IoT In Renewable Energy Market, by Applications: Pipeline, Refineries, Grid Control, Digital Oilfield, Others Global IoT In Renewable Energy Market, by End-Use: Oil & Gas, Solar, Wind, Others Global IoT In Renewable Energy Market, by Region: North America, Europe, Asia Pacific, Middle East & Africa and Latin America Key Players AGT INTERNATIONAL CARRIOTS CISCO DAVRA NETWORKS FLUTURA IBM ILS TECHNOLOGY MAVEN SYSTEMS NORTHWEST ANALYTICS SAP SYMBOTICWARE WIND RIVER GENERAL ELECTRIC DHL SYMANTEC HUAWEI TECHNOLOGIES SCHNEIDER ELECTRIC SIEMENS ERICSSON PHILIPS HONEYWELL ACCENTURE TEGO INC. Success Stories / Case Studies GENERAL ELECTRIC SCHNEIDER ELECTRIC SIEMENS HONEYWELL
1. INTRODUCTION 1.1 Report Description 1.1.1 Objectives of the Study 1.1.2 Market Scope 220.127.116.11 Years considered in the study 1.1.3 Currency 1.1.4 Key players / Stakeholders Target Audience 2. RESEARCH METHODOLOGY 2.1 Research Methodology 2.2 Market Definition 2.3 Assumptions and Acronyms Used 2.4 Data Sources 2.4.1 Secondary 18.104.22.168 Paid 22.214.171.124 Unpaid 2.4.2 Primary 2.5 Analyst tools and models 3. EXECUTIVE SUMMARY 3.1 Global Internet of Things in Renewable Energy Market Overview 3.1.1 By Solution 3.1.2 By End-Use 3.1.3 By Application 3.1.4 By Region 4. HISTORICAL PERSPECTIVE AND CURRENT TRENDS 4.1 Global Internet of Things Landscape 4.1.1 Emergence and Evolution 4.1.2 Technological Transformations 4.1.3 Global Internet of Things Outlook by Region 126.96.36.199 North America 188.8.131.52.1 Key Economic Indicators 184.108.40.206.1.1 GDP Growth Forecast 220.127.116.11.2 Global Standing in Internet of Things Market 18.104.22.168.2.1 Market size and share 22.214.171.124 Europe 126.96.36.199.1 Key Economic Indicators 188.8.131.52.1.1 GDP Growth Forecast 184.108.40.206.2 Global Standing in Internet of Things Market 220.127.116.11.2.1 Market size and share 18.104.22.168 Asia Pacific 22.214.171.124.1 Key Economic Indicators 126.96.36.199.1.1 GDP Growth Forecast 188.8.131.52.2 Global Standing in Internet of Things Market 184.108.40.206.2.1 Market size and share 220.127.116.11 Latin America, Africa and Middle East 18.104.22.168.1 Key Economic Indicators 22.214.171.124.1.1 GDP Growth Forecast 126.96.36.199.2 Global Standing in Internet of Things Market 188.8.131.52.1 Market size and share 5 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGY MARKET OUTLOOK 5.1 Market Definition, Segmentation and Scope of Study 5.2 Market Dynamics 5.2.3 Drivers 184.108.40.206 Advancements of Internet of Things Technology 220.127.116.11 Cross-industrial Applications 18.104.22.168 Growing customer Expectations 22.214.171.124 Innovation and Disruption Prospects 126.96.36.199 Enhanced Efficiency 5.2.4 Restraint 188.8.131.52 Privacy and Security Issues 184.108.40.206 Data Security Concerns Dissuade Government Sector 220.127.116.11 Government Policies 5.2.5 Opportunities 18.104.22.168 Technological Advancements 22.214.171.124 Competitive Advantage 126.96.36.199 Personalized Customer Experiences 5.3 Market Share Analysis 5.3.3 By Solution 5.3.4 By End-Use 5.3.5 By Application 5.3.6 By Geography 5.4 Competitive Analysis 5.4.3 Key Strategic Initiatives 5.4.4 Regional Presence 5.4.5 Product Overview 5.5 Porter’s Analysis 5.6 PESTEL Analysis 5.7 Product Benchmark Analysis 5.8 Company Market Share Analysis 5.9 Key Findings 5.9.3 Top Wining Strategies 5.9.4 Top Investment Pockets 5.9.5 Top Impacting Factors 6 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGY MARKET, BY SOLUTION 6.1 Solution Segment Type Analysis & Market Share 6.2 Analytic Software 6.2.3 Overview 6.2.4 Market Size and Forecast 2016-2024 6.3 Hardware Platform 6.3.3 Overview 6.3.4 Market Size and Forecast 2016-2024 6.4 Service 6.4.3 Overview 6.4.4 Market Size and Forecast 2016-2024 6.5 Connectivity 6.5.3 Overview 6.5.4 Market Size and Forecast 2016-2024 7 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGY MARKET, BY APPLICATIONS 7.1 Application Segment Analysis & Market Share 7.2 Pipeline 7.1.2 Overview 7.2.1 Market Size and Forecast 2016-2024 7.3 Refineries 7.3.1 Overview 7.3.2 Market Size and Forecast 2016-2024 7.4 Grid Control 7.4.1 Overview 7.4.2 Market Size and Forecast 2016-2024 7.5 Digital Oilfield 7.5.1 Overview 7.5.2 Market Size and Forecast 2016-2024 7.6 Others 7.6.1 Overview 7.6.2 Market Size and Forecast 2016-2024 8 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGY MARKET, BY END-USE 8.1 End-Use Segment Analysis & Market Share 8.1 Oil & Gas 8.1.1 Overview 8.1.2 Market Size and Forecast 2016-2024 8.2 Solar 8.2.1 Overview 8.2.2 Market Size and Forecast 2016-2024 8.3 Wind 8.3.1 Overview 8.3.2 Market Size and Forecast 2016-2024 8.4 Others 8.4.1 Overview 8.4.2 Market Size and Forecast 2016-2024 9 GLOBAL INTERNET OF THINGS IN RENEWABLE ENERGYMARKET, BY REGION 9.1 Geography Type Segment Analysis & Market Share 9.1 North America 9.1.1 Overview 9.1.2 Global Standing in Internet of Things in Renewable Energy Ma | read more...