Internet of Things (IoT) in Energy Market 2025 to 2034
Internet of Things (IoT) in Energy Market 2025 to 2034
Internet of Things (IoT) in Energy Market (By Component: Platform, Solutions, Services; By Solution: Asset Management, Data Management and Analytics, SCADA, Energy Management, Safety, Connected Logistics, Compliance and Risk Management, Mobile Workforce Management, Network Management; By Service: Consulting, Integration and Deployment, Support and Maintenance; By Network Technology: Cellular Network, Satellite Network, Radio Network, Others; By Application: Oil and Gas, Coal Mining, Smart Grid) Industry Size, Share, Growth, Trends 2025 to 2034
Customisation Request
Revenue, 2025
USD 30.21
Forecast Year, 2034
USD 111.41 Bn
CAGR, 2025 - 2034
13.94%
Report Coverage
Worldwide
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Published By
Deepa Pandey
Reviewed By
Aditi Shivarkar
Reviewed By
Aman Singh
The global IoT in energy market, valued at USD 34.42 billion in 2025, is projected to reach USD 111.41 billion by 2034, expanding at a CAGR of 13.94%, driven by smart grid adoption, energy efficiency solutions, and connected infrastructure.
Internet of Things (IoT) in Energy Market Size Analysis
Internet of Things (IoT) in Energy Market Size By Component 2025 to 2034 (USD Billion)
| Component | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Platform | 5.74 | 6.57 | 7.44 | 8.47 | 9.69 | 11.02 | 12.51 | 14.44 | 16.32 | 18.60 |
| Solutions | 11.45 | 13.12 | 14.86 | 17.01 | 19.34 | 21.99 | 25.21 | 28.61 | 32.54 | 37.17 |
| Services | 17.23 | 19.53 | 22.39 | 25.43 | 28.99 | 33.10 | 37.59 | 42.76 | 48.92 | 55.64 |
Internet of Things (IoT) in Energy Market Size By Solution 2025 to 2034 (USD Billion)
| Solution | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Management | 0.78 | 0.87 | 1.00 | 1.14 | 1.31 | 1.48 | 1.70 | 1.91 | 2.19 | 2.49 |
| Data Management and Analytics | 1.54 | 1.74 | 2.00 | 2.28 | 2.58 | 2.95 | 3.35 | 3.84 | 4.36 | 4.97 |
| SCADA | 2.30 | 2.63 | 2.99 | 3.40 | 3.89 | 4.42 | 5.03 | 5.72 | 6.53 | 7.46 |
| Energy Management | 3.07 | 3.49 | 3.98 | 4.52 | 5.15 | 5.87 | 6.69 | 7.64 | 8.71 | 9.91 |
| Safety | 3.83 | 4.36 | 4.96 | 5.65 | 6.46 | 7.34 | 8.36 | 9.54 | 10.84 | 12.36 |
| Connected Logistics | 4.58 | 5.23 | 5.96 | 6.79 | 7.72 | 8.81 | 10.04 | 11.43 | 13.05 | 14.84 |
| Compliance and Risk Management | 5.35 | 6.09 | 6.94 | 7.92 | 9.01 | 10.28 | 11.72 | 13.34 | 15.19 | 17.31 |
| Mobile Workforce Management | 6.11 | 6.96 | 7.93 | 9.04 | 10.30 | 11.75 | 13.37 | 15.23 | 17.37 | 19.80 |
| Network Management | 6.88 | 7.84 | 8.92 | 10.18 | 11.60 | 13.20 | 15.06 | 17.15 | 19.54 | 22.26 |
Internet of Things (IoT) in Energy Market Size By Service 2025 to 2034 (USD Billion)
| Service | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Consulting | 5.78 | 6.55 | 7.54 | 8.56 | 9.79 | 11.02 | 12.55 | 14.25 | 16.33 | 18.53 |
| Integration and Deployment | 11.44 | 13.10 | 14.84 | 16.94 | 19.23 | 22.10 | 25.11 | 28.59 | 32.53 | 37.18 |
| Support and Maintenance | 17.21 | 19.58 | 22.31 | 25.42 | 28.99 | 32.98 | 37.65 | 42.97 | 48.92 | 55.70 |
Internet of Things (IoT) in Energy Market Size By Network Technology 2025 to 2034 (USD Billion)
| Network Technology | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cellular Network | 3.46 | 3.98 | 4.53 | 5.12 | 5.81 | 6.60 | 7.52 | 8.62 | 9.78 | 11.30 |
| Satellite Network | 6.89 | 7.82 | 8.95 | 10.16 | 11.60 | 13.28 | 15.13 | 17.09 | 19.55 | 22.29 |
| Radio Network | 10.32 | 11.79 | 13.36 | 15.24 | 17.40 | 19.81 | 22.59 | 25.79 | 29.38 | 33.33 |
| Others | 13.75 | 15.63 | 17.86 | 20.40 | 23.19 | 26.41 | 30.07 | 34.32 | 39.07 | 44.49 |
Internet of Things (IoT) in Energy Market Size By Application 2025 to 2034 (USD Billion)
| Application | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Oil and Gas | 5.80 | 6.59 | 7.48 | 8.47 | 9.65 | 11.09 | 12.59 | 14.35 | 16.31 | 18.73 |
| Coal Mining | 11.46 | 13.02 | 14.94 | 17.02 | 19.29 | 21.97 | 25.11 | 28.58 | 32.71 | 37.01 |
| Smart Grid | 17.17 | 19.61 | 22.27 | 25.42 | 29.08 | 33.05 | 37.62 | 42.89 | 48.75 | 55.67 |
Internet of Things (IoT) in Energy Market Size By Region 2025 to 2034 (USD Billion)
| Region | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3.45 | 3.94 | 4.49 | 5.08 | 5.88 | 6.62 | 7.56 | 8.59 | 9.89 | 11.24 |
| LAMEA | 6.87 | 7.88 | 8.92 | 10.21 | 11.57 | 13.26 | 15.04 | 17.25 | 19.52 | 22.25 |
| Europe | 10.34 | 11.73 | 13.42 | 15.31 | 17.42 | 19.82 | 22.58 | 25.71 | 29.37 | 33.43 |
| Asia-Pacific | 13.76 | 15.67 | 17.85 | 20.31 | 23.14 | 26.40 | 30.14 | 34.27 | 38.99 | 44.49 |
Internet of Things (IoT) in Energy Market Size to Hit USD 111.41 Billion by 2034
The global internet of things (IoT) in energy market size accounted for USD 34.42 billion in 2025 and is predicted to touch around USD 111.41 billion by 2034 with a growing at a CAGR of 13.94%.
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