IoT technology revolutionizes the energy and utility sector

According to the International Energy Agency (IEA), the global count of smart power meters surpassed 1 billion in 2022. Simultaneously, the proliferation of connected devices equipped with automated controls and sensors is projected to reach 13 billion by 2023. Forecasts suggest this number could escalate to over 25 billion by 2030. This growth trajectory is mirrored in power grids, with approximately 320 million distribution sensors deployed worldwide.

As technology continues to evolve, we can anticipate even more transformative developments that will further propel the expansion of IoT in energy and utility applications.

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• ?????????? ???????? ??????????????????????: Smart meters, sensors, and other IoT devices enable utilities to monitor and manage energy distribution more efficiently, optimize grid performance, and support renewable energy integration.
• ???????????? ???????????????? ??????????????????: IoT-enabled demand response solutions are gaining momentum, allowing utilities to better manage peak demand and balance energy supply and demand in real time. These solutions empower consumers to adjust their energy usage based on price signals or grid conditions, promoting energy efficiency and grid stability.
• ?????????????????????? ???????????? ?????????????????? (??????) ????????????????????: The rise of distributed energy resources, such as solar panels and battery storage, is driving the need for IoT solutions to manage these assets effectively. IoT technologies facilitate the integration of DERs into the grid, enable peer-to-peer energy trading, and support grid stability through coordinated control strategies.
• ?????????????????????????? ??????????????????: IoT-based cybersecurity solutions, including encryption, authentication, and anomaly detection, are essential for protecting critical energy infrastructure from cyber threats and ensuring the integrity and reliability of the grid.

For instance, in January 2024, Airtel Business made a significant announcement to power more than 20 million smart meters for Adani Energy Solutions Ltd. (AESL), marking a groundbreaking stride in the IoT landscape within this industry. Thus, the partnership between Airtel Business and AESL heralds a promising future for the IoT in the energy and utility market in India.

Refer to our detailed report on the global IoT in the energy & utility application market to learn more about the rapid evolution that is reshaping this market: https://lnkd.in/dsZuxvAc