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Internet of Things (IoT) in Energy Market is Expected to Grow at a CAGR of 17.3% by 2027, Owing to the Rising Demand for Smart Grids: Says Absolute Markets InsightsPUNE, India, March 12, 2019 /PRNewswire/ --
Summary: According to new research report on Internet of Things (IoT) in Energy Market is thriving worldwide with an impressive 17.3% CAGR during forecast period 2019 to 2027. The global internet of things (IoT) in energy market stood at US$ 25,711.2 million in the year 2018, and is expected to surpass US$ 108,298.5 million by 2027, growing at a CAGR of 17.3%. The notion of energy 4.0 has gained momentum across all aspects of the industry. The involvement of fourth industrialization primarily focuses on data and automation, used for production optimization and efficiency in smart factory environment. The digital evolution revolves around the advancement of smart grids, distributed power generation and efficient use of renewable resources. Smart grids are a part of IoT framework that are used primarily among remote places to detect equipment failure, energy spikes, route power and prevent outages. As per a recent study, installation of smart grids across various application, has improved productivity rate by 99.8% and thereby helped in energy savings. Hence, owing to its improved energy efficiency rate, integration of smart grid projects is growing at a fast pace and is thereby influencing the growth of internet of things (IOT) in energy market. Request a Sample Copy of This Report@ https://www.absolutemarketsinsights.com/request_sample.php?id=200 "Rapid industrialization in the energy sector embraces the sustainability of energy consumption and energy management concepts. As a result, enterprises, municipalities and government are increasing their efforts towards adoption of internet of things (IoT) for optimizing energy consumption. Thus, contributing to the growth of internet of things (IoT) in energy market" The detailed research study provides qualitative and quantitative analysis of internet of things (IoT) in energy market. The market has been analyzed from demand as well as supply side. The geographical analysis emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America. Global Internet of Things (IoT) in Energy Market Revenue (USD Million), 2018 Inquiry Before Buying This Report@ https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=200 Key Findings of the Report:
Internet of Things (IoT) in Energy Market By Offerings
By Network Technology
By Application
By Region
Check out more related reports here at: https://www.absolutemarketsinsights.com/reports/Global-Home-Energy-Storage-System-Market-2018-2026-8 About Us: Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios. Follow Us on Social Media: https://www.facebook.com/AbsoluteMarketsInsights/ Contact Us: Company: Absolute Markets Insights
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