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Global Internet of Energy Market is estimated to be US$ 953.1 billion by 2030 with a CAGR of 10.40 during the forecast period - by PMI

Covina, CA, Jul 22, 2021 (GLOBE NEWSWIRE via COMTEX) --

The Global Internet of Energy market accounted for US$ 165.5 billion in 2020 and is estimated to be US$ 953.1 billion by 2030 and is anticipated to register a CAGR of 10.40%. The deployment of IoT solutions in the power generation business is referred to as IoT in energy. These solutions are largely aimed at attaining machine-to-machine and data-to-data convergence in order to meet energy businesses' operational efficiency requirements. The application of efficient tools and approaches by IoT solutions in the energy industry improves analytics-based decision-making by reducing market threats and vulnerabilities. Furthermore, IoT technologies have allowed energy businesses to remotely control and monitor assets.

Request a Free Sample Copy of this Business Intelligence Report @ https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3991

The report " Global Internet of Energy Market, By Industry Stream (Oil & Gas (Upstream, Midstream, and Downstream) and Power (Generation, Transmission, and Distribution), By Application (Oil & Gas Industry (Fleet and Asset Management, Preventive Maintenance, Pipeline Monitoring, and Security Management) Power Industry (Energy Management, Asset and Equipment Monitoring, Field Surveillance, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030"

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Key Highlights:

Analyst View:

The internet of energy cost-effectiveness is gradually driving the degree of acceptability among energy main actors. The three key benefits that IoE deployment is expected to provide to the industry are improved operations, increased dependability, and greater commercial value. In addition, the rising demand for proactive security against increased cyber-attacks is likely to move the global market forward throughout the forecast period. Furthermore, in the energy sector, tight rules on workers' safety and assets are supporting global market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Internet of Energy Market, By Industry Stream (Oil & Gas (Upstream, Midstream, and Downstream) and Power (Generation, Transmission, and Distribution), By Application (Oil & Gas Industry (Fleet and Asset Management, Preventive Maintenance, Pipeline Monitoring, and Security Management) Power Industry (Energy Management, Asset and Equipment Monitoring, Field Surveillance, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030"

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Internet-of-Energy-Market-3991

Key Market Insights from the report:

The Global Internet of Energy market accounted for US$ 165.5 billion in 2020 and is estimated to be US$ 953.1 billion by 2030 and is anticipated to register a CAGR of 10.40%. The Global Internet of Energy Market is segmented based on the industry stream, application, and region.

Competitive Landscape:

The key players operating in the Global Internet of Energy market includes Schneider Electric, General Electric Company, Siemens AG, ABB Ltd, Rockwell Automation, Ingersoll Rand Plc, Microsoft Corporation, Honeywell International, Cisco Systems, IBM Corporation, Intel Corporation, Huawei Technologies, and HCL Technologies, and Telit Communications PLC.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Key Topics Covered

<b>Browse Related Report:</b>

-- Global Internet of Things (IOT) Healthcare Market

-- Global Internet of Things in Retail Market

-- Global Internet of Things Microcontroller Market

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