Global Internet of Things (IoT) Market in Energy & Utilities Size and Forecast by Component Type, Network Technology, Application, Utility Type and Region: 2019-2034

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Industry Findings: Utility operators continue modernizing grid infrastructure to improve outage visibility, renewable energy integration, and operational efficiency across electricity distribution networks. Connected monitoring systems now support predictive maintenance, smart metering, and real-time grid analytics as utilities manage increasing energy demand volatility and aging infrastructure assets. Governments are also accelerating digitization initiatives to strengthen distribution efficiency and reduce transmission losses. In 2024, implementation activity under India’s Revamped Distribution Sector Scheme continued expanding through large-scale smart metering and digital utility modernization programs across multiple state electricity networks. As per our findings, this sustained rollout activity is significantly increasing regional demand for IoT-enabled utility analytics platforms, communication infrastructure, and intelligent grid monitoring technologies.

Industry Player Insights: Schneider Electric, ABB, Siemens Energy, Itron, and Landis+Gyr operate prominently across the Global Internet of Things (IoT) Market in Energy & Utilities. Schneider Electric strengthened its grid modernization portfolio during 2024 through expanded AI-enabled energy management and digital grid capabilities designed to improve distributed energy monitoring and operational efficiency. Meanwhile, Landis+Gyr secured additional advanced metering infrastructure contracts during 2024 supporting utility digitization programs and smart grid deployments across Europe and North America. Competitive activity increasingly focuses on intelligent metering, predictive analytics, and distributed grid visibility as utilities prioritize resilient and data-driven energy infrastructure.