Iot Solutions For Energy Market Analysis and Forecast Report Till 2025
With an increased demand for solutions capable of bringing down operation costs and improving profit margins from oil and gas companies who are looking to every possible way to emerge from a very recent phase of massive price drops in key products, IoT solutions companies serving the global energy industry can look ahead to promising growth opportunities, observes Transparency Market Research in a recent report. Some of the leading companies in the global IoT market for energy industry are Davra Networks, Carriots, AGT International, Cisco, Accenture, and Tego Inc. According to the report, the global IoT solutions market in the energy industry stood at US$9,300.9 mn in 2016 and is likely to rise to a valuation of US$94,011.8 mn by 2025, expanding at an impressive CAGR of 29.5% between 2017 and 2025. Of the key end-use industries in the power sector making use of IoT solutions, the oil and gas industry accounts for a lion’s share of the market, holding nearly 72% in 2016....