IoT in Energy Market to Reach $78.4 Billion by 2035

IoT in Energy market was valued at $27.1 billion in 2025 and is expected to reach $78.4 billion by 2035, registering a CAGR of 11.3% during the forecast period from 2026 to 2035. The growth of the market is strongly driven by large-scale investments in smart grid modernization and digital energy infrastructure. Utilities and power operators are increasingly deploying IoT-enabled sensors, advanced metering infrastructure, and real-time monitoring systems to improve grid reliability and operational efficiency. This transformation is essential to manage rising energy demand, integrate renewable energy sources, and reduce transmission losses. IoT technologies enable continuous data collection and automated control across generation, transmission, and distribution networks. As a result, smart grid deployment is becoming a foundational driver for IoT adoption across energy ecosystems.

Browse the full report description of “IoT in Energy Market Size, Share & Trends Analysis Report by Solution Type (Asset Performance Management, Predictive Maintenance, Energy Monitoring and Management, Grid Management, Connected Logistics and Fleet Management, IoT Analytics and Data Management, Security and Surveillance, and Others), and by End-User (Oil and Gas, Power Generation, Mining, Utilities, and Others), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/iot-energy-market

According to the International Energy Agency (IEA) and International Renewable Energy Agency (IRENA), global smart grid investments are projected to exceed $320 billion by 2030, reflecting large-scale infrastructure modernization. Further, over 70% of electricity networks in developed economies are undergoing digital upgrades, supporting widespread deployment of IoT-enabled monitoring and automation systems. The IEA (Energy Applications within IoT report) also highlights that smart meter installations are expected to reach around 1.5 billion units globally by 2028, enabling real-time energy data collection and demand optimization.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment Covered-
  • Solution Type
  • End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape – ABB Ltd., Amazon Web Services, Inc., General Electric Company (GE Vernova), Schneider Electric SE, Siemens AG, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global IoT in Energy Market Report Segment

By Solution Type

• Asset Performance Management
• Predictive Maintenance
• Energy Monitoring and Management
• Grid Management (Smart Grid & Distribution Automation)
• Connected Logistics and Fleet Management
• IoT Analytics and Data Management
• Security and Surveillance
• Others

By End-User

• Oil and Gas
• Power Generation
• Mining
• Utilities
• Others

Global IoT in Energy Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

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