Story perspectives

IoT in Utilities Market to Triple by 2035

8/20/2025

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Summary

Story summary

The IoT in Utilities Market is expected to grow from USD 43.5 billion in 2025 to USD 151.6 billion by 2035, with a CAGR of 13.3%.
IoT improves resource management and operational efficiency, promoting sustainability and enhancing customer engagement.
North America leads in IoT adoption, followed by Europe and Asia-Pacific, due to urbanization and regulatory demands.
IoT security is essential to mitigate risks like data breaches, emphasizing device authentication and continuous monitoring.
Powercast is developing battery-free power solutions for IoT, reducing energy inefficiencies and environmental waste.

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Story summary

The IoT in Utilities Market is expected to grow from USD 43.5 billion in 2025 to USD 151.6 billion by 2035, with a CAGR of 13.3%.
IoT improves resource management and operational efficiency, promoting sustainability and enhancing customer engagement.
North America leads in IoT adoption, followed by Europe and Asia-Pacific, due to urbanization and regulatory demands.
IoT security is essential to mitigate risks like data breaches, emphasizing device authentication and continuous monitoring.
Powercast is developing battery-free power solutions for IoT, reducing energy inefficiencies and environmental waste.