Top 50 Companies in Global Internet of Things (IoT) in Energy Market (2025–2035): Competitive Analysis and Forecast
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, the Global Internet of Things (IoT) in Energy Market Size is Projected To Grow from USD 32.3 Billion in 2024 to USD 106.5 Billion by 2035, at a CAGR of 11.46% during the forecast period 2025-2035. The growth of the IoT in the energy sector is fueled by rising energy demand, smart grid increasing adoption, renewable integration, cost saving requirements, and governmental measures encouraging efficient, connected, and sustainable energy infrastructure.
Introduction
The internet of things (IoT) in energy refers to integrating smart devices, sensors, and data analytics into energy systems to drive maximum generation, distribution, and consumption. The embedded devices enable real-time monitoring, proactive maintenance, and remote operation of equipment employed in power generation plants, smart grids, oil & gas facilities, and renewable energy plants. IoT optimizes the use of energy, minimizes downtime, and helps balance supply and demand. Major drivers are growing energy demand around the world, greater adoption of renewable energy sources, and the necessity to upgrade old energy infrastructure. Strengths of IoT in energy are real-time insights, cost savings, automation of operations, and superior decision-making. Opportunities are also mounting with growing investments in smart grid technology, greater use of AI and machine learning in the energy data, and the rapid urbanization propelling the development of smart cities. Governments across the globe are supporting market development through regulatory needs, smart infrastructure investment, and clean energy use policies. With increasing reliance on energy systems on data, IoT is contributing significantly to transforming global energy operations into intelligent and sustainable spaces.
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Internet of Things (IoT) in Energy Market Size & Statistics
- The Market Size for Internet of Things (IoT) in Energy Was Estimated to be worth USD 32.3 Billion in 2024.
- The Market Size is Going To Expand at a CAGR of 11.46% between 2025 and 2035.
- The Global Internet of Things (IoT) in Energy Market Size is anticipated to reach USD 106.5 Billion by 2035.
- North America is expected to generate the largest demand during the forecast period in the Internet of Things (IoT) in Energy Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Internet of Things (IoT) in Energy Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the internet of things (IoT) in energy market. Asia Pacific is the region with the most rapid growth for IoT in energy due to accelerating industrialization, mounting smart city initiatives, and growing investment in renewable energy. Expanding government efforts to upgrade energy infrastructure and the growing use of IoT-enabled smart grids and meters propel this fast growth throughout the region.
North America is expected to generate the largest demand during the forecast period in the internet of things (IoT) in energy market. North America is the leader in internet of things (IoT) in energy market due to its highly developed smart grid infrastructure, high usage of IoT technologies, and robust regulatory frameworks that encourage energy efficiency. Investments in renewable energy and smart metering systems by the region also lead to increased market dominance to allow better energy management and lower operational expenses in utilities and industries.
Top 10 trends in the Internet of Things (IoT) in Energy Market
- Smart grid modernization
- AI-driven predictive maintenance
- Distributed renewable integration
- Advanced metering infrastructure (AMI)
- Energy storage optimization
- Blockchain for secure energy transactions
- Smart meter roll-outs
- Energy management systems (EMS)
- Electric vehicle (EV) charging management
- Sustainability & carbon accounting
1. Smart grid modernization
Smart grid modernization uses IoT to provide real-time monitoring, automated control, and optimized energy distribution throughout the grid. This trend increases grid reliability, minimizes outages, and incorporates renewable energy sources, maximizing overall energy management and sustainability in the future energy environment.
2. AI-driven predictive maintenance
Predictive maintenance through AI leverages IoT sensors and AI algorithms to track energy equipment health, forecast failures, and schedule prompt repairs. This saves time, decreases maintenance expenses, and prolongs asset life, increasing operational efficiency and reliability in energy systems while reducing surprise disruptions and maximizing resource utilization.
3. Distributed renewable integration
Distributed renewable integration uses IoT to interconnect and control decentralized energy sources such as wind and solar. This trend improves grid stability, maximizes energy distribution, and allows for monitoring in real time, facilitating efficient renewable energy deployment and minimizing reliance on conventional fossil fuels in the energy sector.
4. Advanced metering infrastructure (AMI)
Advanced metering infrastructure (AMI) uses IoT to facilitate two-way communication between customers and utilities. This is a trend that enhances energy consumption and distribution efficiency and reliability, as well as billing precision and outage detection, all by giving consumers real-time consumption data.
5. Energy storage optimization
Optimization of energy storage utilizes IoT to track and control battery performance, increasing efficiency and lifespan. The trend allows for smarter energy consumption, balancing supply and demand, cost savings, and renewable integration by ensuring stored energy is used in peak and slack hours.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the internet of things (IoT) in energy market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 20 Companies Leading the Internet of Things (IoT) in Energy Market
- Siemens AG
- General Electric (GE)
- Cisco Systems, Inc.
- ABB Ltd.
- Honeywell International Inc.
- IBM Corporation
- Schneider Electric SE
- Microsoft
- Accenture PLC
- Intel Corporation
- Davra Networks
- Google LLC
- Infosys
- AGT International
- Robert Bosch GmbH
- Oracle Corporation
- Johnson Controls
- SAP SE
- Rockwell Automation
- HCL Technologies
1. Siemens AG
Headquarters: Munich, Germany
Siemens AG is an industrial automation and energy technology global powerhouse and a key player in the internet of things (IoT) in energy. Integrated IoT solutions are provided by Siemens through its Siemens Xcelerator platform to modernize smart grids, deliver predictive maintenance, and optimize energy efficiency. Siemens assists utilities and industries in connecting, monitoring, and controlling energy infrastructure in real-time and improve performance and sustainability. With advanced analytics, edge computing, and AI integration, Siemens facilitates intelligent energy management and enables renewable integration. Their IoT-enabled solutions are at the core of enabling digital transformation in power generation, distribution, and consumption globally.
2. General Electric (GE)
Headquarters: Boston, Massachusetts, USA
General Electric (GE) is a key player in the internet of things (IoT) in energy market with its GE Vernova business. GE offers IoT-enabled solutions that improve grid reliability, optimize power generation, and improve asset performance. GE's Predix platform leverages data analytics in real-time and AI to facilitate predictive maintenance, optimize energy efficiency, and minimize downtime in utilities and industrial operations. GE enables digital transformation for wind, gas, and hydro power plants and grid infrastructure, assisting customers in migrating towards smarter, cleaner, and more resilient energy systems.
3. Cisco Systems, Inc.
Headquarters: San Jose, California, USA
Cisco Systems is a leading internet of things (IoT) in the energy industry, offering scalable and secure networking solutions that interconnect energy infrastructure, assets, and systems. Cisco's IoT portfolio facilitates real-time data exchange, remote monitoring, and predictive analytics for energy providers and utilities. Cisco's technologies enable distributed energy resource management, smart grid modernization, and energy asset optimization. Through the integration of cybersecurity, edge computing, and automation, Cisco assists energy firms in lowering operational expenses, increasing reliability, and transitioning to more intelligent, efficient, and sustainable energy systems.
4. ABB Ltd.
Headquarters: Zurich, Switzerland
ABB Ltd. is a worldwide leader in electrification and automation and an active driver of innovation within the internet of things (IoT) in the energy industry. ABB provides digital solutions to bring power systems, grids, and industrial energy assets together with its ABB Ability platform, where it supports concurrent monitoring, remote diagnostics, and predictive maintenance. Its IoT supported systems improve grid stability, energy efficiency, and asset performance in utilities and industries. ABB enables the smart grid and renewable integration transition for customers by optimizing the usage of energy, minimizing downtime, and improving operational reliability through intelligent and connected technologies.
5. Honeywell International Inc.
Headquarters: Charlotte, North Carolina, USA
Honeywell International Inc. is a key player in the internet of things (IoT) in energy market by providing connected solutions for predictive maintenance, energy management, and automation. The company provides concurrent data analytics, remote monitoring, and control features to industrial energy consumers and utilities through its Honeywell Forge platform. Honeywell's IoT technologies optimize energy efficiency, minimize operational expenses, and guarantee equipment reliability. Its offerings enable smart grid deployment, building automation, and renewable energy integration, assisting customers in achieving sustainability objectives and maximizing energy consumption in a networked environment.
Are you ready to discover more about the internet of things (IoT) in energy market?
The report provides an in-depth analysis of the leading companies operating in the global internet of things (IoT) in energy market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Siemens AG
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- General Electric (GE)
- Cisco Systems, Inc.
- ABB Ltd.
- Honeywell International Inc.
- IBM Corporation
- Schneider Electric SE
- Microsoft
- Accenture PLC
- Others.
Conclusion
The internet of things (IoT) in energy market involves smart sensors, analytics, and connected systems to optimize energy generation, distribution, and consumption. It enables efficiency, minimizes downtime, and enables clean energy through smart grids, predictive maintenance, and concurrent monitoring. AI-driven maintenance, distributed renewables, and smart metering are some of the key trends. Siemens, GE, Cisco, ABB, and Honeywell are the leading players that provide IoT-enabled solutions that maximize performance and enable digital transformation. Support from the government and increasing worldwide energy requirements further drive innovation and adoption in the utility and industrial sectors.
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