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Home > Power >  Internet of Things in Power (2021) – Thematic Research

Internet of Things in Power (2021) – Thematic Research

In 2021, the power sector has faced significant challenges across the entire value chain. These include spiking energy costs, transitioning to renewables, and safeguarding assets against extreme weather conditions. The Internet of Things (IoT), billed as a key part of the next industrial revolution or Industry 4.0, can significantly transform the power sector by optimizing operations, managing asset performance, and engaging customers to lower energy costs.

The power sector is already reaping benefits from early consumer-oriented IoT applications: smart meters and smart thermostats. Incorporating IoT technology is also made easier by the declining costs of IoT hardware, notably sensors. According to GlobalData figures, global IoT revenue in the energy sector will reach $59 billion by 2025, up from $34 billion in 2019.

Scope

The report focuses on understanding the impact of Internet of Things (IoT) and its potential applications in the power industry.

Review of the recent technological advancements in IoT that could set the tone for its adoption across diverse industries.

Assessment of the strategies and initiatives adopted by power companies to gain a competitive advantage in this theme.

Reasons to Buy

Understand the importance of IoT in power operations.

Identify the key challenges facing the power sector, and how IoT technologies help to tackle them.

Highlight major use cases for IoT in the power industry.

Identify and benchmark key power companies and technology providers based on their exposure to the IoT theme across the value chain.

Companies Mentioned

Duke Energy, E.ON, Enel, Électricité de France (EDF), PG&E, National Grid, Southern Company, ABB, Amazon, Cisco, C3.ai, GE, Honeywell, Microsoft, Siemens, Vodafone

Table of Contents

| Contents

Executive Summary 3

IoT Value Chain 4

Device layer 7

Connectivity layer 9

Data layer 12

App layer 15

Services layer 17

Power Challenges 20

The Impact of IoT on Power 24

Case Studies 27

Market Size and Growth Forecasts 30

Mergers and Acquisitions 31

IoT Timeline 33

Companies 34

Leading IoT adopters in power 34

Leading IoT vendors 38

Specialist IoT vendors in power 42

Sector Scorecard 44

Power equipment manufacturers sector scorecard 44

Glossary 47

Further Reading 51

| Our Thematic Research Methodology 52

| About GlobalData 54

| Contact Us 55

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