North American IoT energy market is expected to witness a significant growth with the CAGR of approximately 20% during the forecast period. IoThas enabled the concept of smartness in every from the grid to the city. The insight derived from data collected from connected devices can enhance productivity and efficiency as well as they can improve real-time decision making. It can also be used to develop new services, solve critical problems and create innovative experiences. Various numbers of advances in M2M/ IoT technology has been a part of energy sector such as initiated energy-efficient innovations driven by Big Data analytics as well as M2M/ IoT Application Platforms. Smart meters based on the energy-saving IoT played are widely used globally. 

Additionally, IoT based M2M solutions enable interaction, resource sharing and interoperability between different domains. IoT technology addresses focuses on energy grids and smart Grids and its key issues such as failure in distribution network, grid security, line losses, and overloading. Depletion of energy resources day by day, global focus has been shifting in order to conserve energy and green energy usage with the deployment of IoT solutions. These applications enable power utilities to control assets from a random geographical location at any time. Additionally, IoT technology offers sophisticated solutions for renewable energy sector and its key issues such as renewable energy installations, fault management, plant monitoring, and performance monitoring.

North American IoT energy market is segmented on the basis of solution type and end-user. Based on the solution type, the market is segmented into asset maintenance, connected logistics, monitoring and management, iot analytics, and others. Based on the end-user, the market is segmented into oil & gas, mining, wind, solar, and others. 

Some of the major players operating in the North American IoT energy market include IBM Corp., Intel Corp., Gemalto NV, HCL Technologies and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in North American market.

Research Methodology

The market study of the North American IoT energy market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for existing companies and new entrants into the market, potential investors and venture capitalists, government organizations, and various end-user industries for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the company and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions. 

Market Segmentation:

1. North American IoT Energy  Market Research and Analysis by Solution Type
2. North American IoT Energy  Market Research and Analysis by End-Users

The Report Covers:

• Comprehensive research methodology of North American IoT Energy market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting North American IoT Energy market.
• Insights about market determinants which are stimulating North American IoT Energy market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.