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Report
Germany IOT In Energy & Utility Application Market Forecast 2024-2032
Market Report I 2024-06-03 I 124 Pages I Inkwood Research
KEY FINDINGS
The Germany IoT in energy & utility application market is anticipated to project a CAGR of 10.02% during the forecast period, 2024-2032.
MARKET INSIGHTS
The various business and service models that hinge on the implementation of edge devices, sensors, and IoT platforms are central to optimizing local energy systems using IoT/edge devices and optimization models. Addressing numerous 'real world' problems where edge devices are crucial for customers is also essential.
Customers expect their systems to function as reliably as the public power system. However, public power systems incorporate multiple redundancies to mitigate single-device failures, making equal reliability a challenging goal. Components like inverters, charging stations, and batteries can fail, software might contain bugs, and many device manufacturers require local installation for updates.
Innovation at the intersection of IoT and energy systems is significant. Smart markets offer grid flexibility, and local energy markets use blockchain-secured transactions. These concepts have been developed, matured, and implemented in numerous research projects in Germany and globally.
SEGMENTATION ANALYSIS
The Germany IoT in energy & utility application market segmentation includes connectivity, end-user, and component. The end-user segment includes utility gas management, oil and gas, water management, electricity grid & supply management, and mining.
Existing power networks are being transformed into smart grids to meet increasing power demands. IoT-based grids can support energy transmission, distribution, consumption, distributed coordination, location awareness, and mobility support.
An electrical grid is an interconnected network that delivers electricity from producers to consumers. Electrical grids vary in size and can span entire countries or continents. A smart electricity grid integrates digital communication with an electricity supply network, encompassing the grid itself, smart homes, and buildings. A smart electricity grid helps optimize the electrical needs of buildings and other infrastructures by enabling real-time, bidirectional transmission of electrical data between buildings and the grid.
Its benefits include tracking power consumption for enterprises, retail stores, institutions, and industries, as well as detecting and preventing leaks and facilitating self-repair. The IoT-based smart electricity grid enables information sharing among all components within the grid and smart energy management over both wireless and wired networks.
While less than 1% of the world's water supply is fresh and safe for human consumption, the United Nations Development Program attributes water scarcity primarily to poor management. Predictions indicate that over half of the global population will face water scarcity by 2025. However, IoT can play a crucial role in reversing this trend.
Conservation is especially critical in urban areas, where monitoring water consumption can be difficult. IoT technology enhances transparency and control throughout the entire water supply chain, enabling the optimization of water treatment, production, distribution, and consumption.
COMPETITIVE INSIGHTS
Some of the prominent companies in the Germany IoT in energy & utility application market are SAP SE, SAS Institute Inc, Schneider Electric SE, etc.
SAP SE (SAP or 'the company') is a German-based provider of enterprise software solutions. The company offers solutions for customer relationship management, data management, human capital management, and supply chain management. SAP's business lines encompass asset management, commerce, finance, human resources, manufacturing, marketing, supply chain, engineering, and sustainability. Additionally, the company delivers analytics, applications, mobile, database, cloud, and technology operations. SAP serves various industries, including natural resources, financial services, public services, discrete manufacturing, energy, and consumer sectors. The company operates in Europe, the Middle East, the Americas, Asia Pacific, and Africa, with its headquarters located in Walldorf, Germany.
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT-GERMANY
2.3. COUNTRY ANALYSIS-GERMANY
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.5.1. IMPACT OF COVID-19 ON IOT IN ENERGY & UTILITY APPLICATION MARKET
2.6. MAJOR MARKET FINDINGS
2.6.1. SURGING DEMAND FOR SMART METERS
2.6.2. INCREASING ADOPTION OF ADVANCED GRID MANAGEMENT SOLUTIONS
2.6.3. INVESTMENTS IN INFRASTRUCTURE DEVELOPMENT
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. INCREASING CONSUMPTION AND DEMAND FOR ENERGY GENERATION
3.1.2. EMPHASIS ON A GREENER ENVIRONMENT RAISING DEMAND FOR ENERGY & UTILITY ANALYTICS
3.1.3. DECLINING PRICES OF IOT COMPONENTS AND AVAILABILITY OF NEXT-GENERATION SENSORS
3.2. KEY RESTRAINTS
3.2.1. HIGH UPFRONT COSTS FOR DEPLOYMENT
3.2.2. LACK OF SKILLED WORKFORCE
3.2.3. SECURITY CONCERNS
3.2.4. CHALLENGES ASSOCIATED WITH INTEGRATING IOT WITH SUBSYSTEMS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. DEMAND FOR AUTOMATION TOOLS IN ENERGY MANAGEMENT
4.1.2. GROWING CONSUMER FOCUS ON ENERGY CONSUMPTION PATTERN ANALYSIS
4.1.3. IMPROVEMENT IN THE OPERATIONS OF THE OIL & GAS INDUSTRY
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET CONCENTRATION ANALYSIS
4.5. VALUE CHAIN ANALYSIS
4.5.1. RAW MATERIALS
4.5.2. MANUFACTURING
4.5.3. DISTRIBUTION
4.5.4. END-USERS
4.6. KEY BUYING CRITERIA
4.6.1. MODE OF DEPLOYMENT
4.6.2. PRICE
4.6.3. APPLICATION
5. MARKET BY CONNECTIVITY
5.1. NON-CELLULAR
5.2. CELLULAR
6. MARKET BY END-USER
6.1. UTILITY GAS MANAGEMENT
6.2. OIL & GAS
6.3. ELECTRICITY GRID & SUPPLY MANAGEMENT
6.4. WATER MANAGEMENT
6.5. MINING
7. MARKET BY COMPONENT
7.1. HARDWARE
7.1.1. SENSORS
7.1.2. DEVICES
7.1.3. OTHER HARDWARE COMPONENTS
7.2. SERVICES
7.2.1. DEPLOYMENT AND INTEGRATION
7.2.2. SUPPORT AND MAINTENANCE
7.2.3. PROFESSIONAL SERVICES
7.3. SOFTWARE
7.3.1. ANALYTICS
7.3.2. GRID MANAGEMENT
7.3.3. OPERATIONAL CONTROL
7.3.4. WATER MANAGEMENT
7.3.5. SECURITY
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIC DEVELOPMENTS
8.1.1. MERGERS & ACQUISITIONS
8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
8.1.3. PARTNERSHIPS & AGREEMENTS
8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
8.2.1. ABB LTD
8.2.1.1. COMPANY OVERVIEW
8.2.1.2. PRODUCTS
8.2.1.3. STRENGTHS & CHALLENGES
8.2.2. CAPGEMINI SE
8.2.2.1. COMPANY OVERVIEW
8.2.2.2. PRODUCTS
8.2.2.3. STRENGTHS & CHALLENGES
8.2.3. CISCO SYSTEMS INC
8.2.3.1. COMPANY OVERVIEW
8.2.3.2. PRODUCTS
8.2.3.3. STRENGTHS & CHALLENGES
8.2.4. EATON CORPORATION PLC
8.2.4.1. COMPANY OVERVIEW
8.2.4.2. PRODUCTS
8.2.4.3. STRENGTHS & CHALLENGES
8.2.5. GENERAL ELECTRIC COMPANY
8.2.5.1. COMPANY OVERVIEW
8.2.5.2. PRODUCTS
8.2.5.3. STRENGTHS & CHALLENGES
8.2.6. INFOSYS LIMITED
8.2.6.1. COMPANY OVERVIEW
8.2.6.2. PRODUCTS
8.2.6.3. STRENGTHS & CHALLENGES
8.2.7. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
8.2.7.1. COMPANY OVERVIEW
8.2.7.2. PRODUCTS
8.2.7.3. STRENGTHS & CHALLENGES
8.2.8. ORACLE CORPORATION
8.2.8.1. COMPANY OVERVIEW
8.2.8.2. PRODUCTS
8.2.8.3. STRENGTHS & CHALLENGES
8.2.9. SAP SE
8.2.9.1. COMPANY OVERVIEW
8.2.9.2. PRODUCTS
8.2.9.3. STRENGTHS & CHALLENGES
8.2.10. SAS INSTITUTE INC
8.2.10.1. COMPANY OVERVIEW
8.2.10.2. PRODUCTS
8.2.10.3. STRENGTHS & CHALLENGES
8.2.11. SCHNEIDER ELECTRIC SE
8.2.11.1. COMPANY OVERVIEW
8.2.11.2. PRODUCTS
8.2.11.3. STRENGTHS & CHALLENGES
8.2.12. SIEMENS AG
8.2.12.1. COMPANY OVERVIEW
8.2.12.2. PRODUCTS
8.2.12.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - IOT IN ENERGY & UTILITY APPLICATION
TABLE 2: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CONNECTIVITY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 6: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY COMPONENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 10: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 11: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 12: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 13: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 14: LIST OF MERGERS & ACQUISITIONS
TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING - GERMANY
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY CONNECTIVITY, IN 2023
FIGURE 8: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY NON-CELLULAR, 2024-2032 (IN $ MILLION)
FIGURE 9: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY CELLULAR, 2024-2032 (IN $ MILLION)
FIGURE 10: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023
FIGURE 11: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY UTILITY GAS MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 12: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OIL & GAS, 2024-2032 (IN $ MILLION)
FIGURE 13: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ELECTRICITY GRID & SUPPLY MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 14: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 15: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY MINING, 2024-2032 (IN $ MILLION)
FIGURE 16: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2023
FIGURE 17: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY HARDWARE, 2024-2032 (IN $ MILLION)
FIGURE 18: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2023
FIGURE 19: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SENSORS, 2024-2032 (IN $ MILLION)
FIGURE 20: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEVICES, 2024-2032 (IN $ MILLION)
FIGURE 21: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OTHER HARDWARE COMPONENTS, 2024-2032 (IN $ MILLION)
FIGURE 22: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SERVICES, 2024-2032 (IN $ MILLION)
FIGURE 23: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SERVICES, IN 2023
FIGURE 24: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY DEPLOYMENT AND INTEGRATION, 2024-2032 (IN $ MILLION)
FIGURE 25: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SUPPORT AND MAINTENANCE, 2024-2032 (IN $ MILLION)
FIGURE 26: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY PROFESSIONAL SERVICES, 2024-2032 (IN $ MILLION)
FIGURE 27: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SOFTWARE, 2024-2032 (IN $ MILLION)
FIGURE 28: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, GROWTH POTENTIAL, BY SOFTWARE, IN 2023
FIGURE 29: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY ANALYTICS, 2024-2032 (IN $ MILLION)
FIGURE 30: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY GRID MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 31: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY OPERATIONAL CONTROL, 2024-2032 (IN $ MILLION)
FIGURE 32: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY WATER MANAGEMENT, 2024-2032 (IN $ MILLION)
FIGURE 33: GERMANY IOT IN ENERGY & UTILITY APPLICATION MARKET, BY SECURITY, 2024-2032 (IN $ MILLION)
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