Global Internet of Energy Market Forecast and Trends Analysis 2019-2024

Global Internet of Energy Market Focus on Industry Streams (Oil & Gas, Power), Applications (Fleet & Asset Management, Preventive Maintenance, Energy Management), Use Cases, Solutions, Stakeholder Analysis, – Analysis and Forecast 2019-2024 August 2019

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Global Internet of Energy Market

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Global Internet of Energy Market

Preface Over the last decade, the utility and oil & gas sector has transformed drastically, primarily characterized by major technological disruptions. The mainstay of this transformative trend is the increasing internet connectivity, high rate of adoption of cloud services, and analytics technologies that further encourage automated operations. As increasing degree of pressure from regulatory bodies and uncertainty in oil prices continue, the demand for digitized solutions is expected to further grow. In order to accommodate the growing requirements and meet the shareholder expectations, energy companies have initiated several strategies to make the operations cleaner and more efficient than the current level. The convergence of sensor technology, big data, and analytics is called the Internet of Energy. With the continued expansion of Internet of Energy across the globe, the oil & gas and utilities industry can reap the wealth of new forms of knowledge over the coming years.

The market research study offers a wide perspective of the Internet of Energy market and analyzes its impact on the end users by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

This study has been designed to answer some of the most crucial questions about the Internet of Energy market: ▪

What is the global Internet of Energy market size in terms of revenue from 2018-2024, and what is the expected growth rate during the forecast period 2019-2024?

▪

What is the revenue generated by Internet of Energy solutions in both power and oil & gas industry?

▪

What is the revenue generated by Internet of Energy solutions in different power industry streams such as generation, transmission, and distribution?

▪

What is the revenue generated by Internet of Energy solutions in different oil & gas industry streams such as upstream, midstream, and downstream?

▪

What is the revenue generated by Internet of Energy solutions in different applications of power and oil & gas industry?

▪

What is the market size and opportunities of Internet of Energy across different regions?

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Global Internet of Energy Market

▪

What are the major driving forces that are expected to increase the demand for the global Internet of Energy market during the forecast period?

▪

What are the key trends and opportunities in the market pertaining to Internet of Energy?

▪

What are the major challenges inhibiting the growth of the global Internet of Energy market?

▪

Who are the major stakeholders in terms of their contribution and impact in the Internet of Energy ecosystem?

▪

What kind of new strategies are being adopted by the existing market players to expand their market position in the industry?

▪

What is the competitive strength of the key players in the Internet of Energy market on the basis of analysis of their recent developments, product offerings, and regional presence?

▪

What is the regulatory landscape in different regions for Internet of Energy?

The report is a compilation of Internet of Energy market segmented by industry, applications, industry stream, and region. In the extensive primary research process undertaken for this study, the primary sources further include industry experts and key executives from prominent companies and organizations in the Internet of Energy market.

Moreover, the report consists of a comprehensive analysis of Internet of Energy market for different regions. This market holds a prominent share in various countries of North America, Europe, AsiaPacific (APAC) and Rest-of-the-World (RoW). The report also provides a country-based analysis for all the leading countries in each region, including the U.S., Canada, Mexico, France, Germany, the U.K., Netherlands, Norway, Italy, India, China, Japan, South Korea, and Australia.

BIS Energy & Sustainability August 2019

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Global Internet of Energy Market

Table of Contents Executive Summary ........................................................................................................ 23 1.

Overview: Internet of Energy ............................................................................... 33 1.1

1.2

2.

Internet of Energy Solutions .......................................................................... 34 1.1.1

Sensing Systems .................................................................................. 35

1.1.2

Communication .................................................................................... 37

1.1.3

Cloud and Edge Computing ................................................................ 39

1.1.4

Data Management ................................................................................. 40

Use Cases of Internet of Energy .................................................................... 41 1.2.1

Energy Monitor and Control Mechanism ............................................ 42

1.2.2

Process Automation............................................................................. 42

1.2.3

Energy Efficiency Mechanism ............................................................. 43

1.2.4

Asset Remote Control .......................................................................... 44

Market Dynamics .................................................................................................. 46 2.1

2.2

2.3

3.

Market Drivers ................................................................................................. 46 2.1.1

Demand for Operational Efficiency to Fulfil Energy Requirement ......................................................................................... 47

2.1.2

Rising Cyber Attacks ........................................................................... 49

2.1.3

Increasing Demand for Decentralized Power Generation ................. 49

Market Restraints ............................................................................................ 51 2.2.1

Lack of Communication Infrastructure ............................................... 51

2.2.2

Privacy and Security Risk .................................................................... 52

Market Opportunities ...................................................................................... 52 2.3.1

Introduction of Next Generation Sensors in the Energy Sector ....... 52

2.3.2

Growth Opportunities in IoT Analytics Market................................... 54

2.3.3

Increasing Necessity for Smart Grids................................................. 54

Competitive Landscape ....................................................................................... 56 3.1

Key Market Developments and Strategies .................................................... 56 3.1.1

Partnerships, Collaborations, and Joint Ventures ............................ 58

3.1.2

New Product Launches and Developments ....................................... 59

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3.2

4.

3.1.3

Mergers and Acquisitions .................................................................... 61

3.1.4

Business Expansions and Contracts ................................................. 62

3.1.5

Others (Awards and Recognitions)..................................................... 63

Market Share Analysis .................................................................................... 64 3.2.1

Market Share Analysis of IT Solution Providers in the Internet of Energy ............................................................................................... 64

3.2.2

Player Share Analysis: Energy Management and Automation Companies in Internet of Energy Market ............................................ 66

Industry Analysis .................................................................................................. 69 4.1

4.2

Emerging Trends in the Internet of Energy Market ...................................... 69 4.1.1

Growing Role of Big Data Analytics in Power Industry .................... 69

4.1.2

Advent of Artificial Intelligence in the Energy Sector ....................... 70

4.1.3

Securing the Energy Value Chain with Blockchain Technology ...... 71

4.1.4

Market Consolidation ........................................................................... 73

Stakeholder Analysis ...................................................................................... 74 4.2.1

Power Utilities ....................................................................................... 75

4.2.2

Oil & Gas Companies ........................................................................... 76

4.2.3

IT Solution Providers ........................................................................... 77

4.2.4

Energy Management and Automation Companies ............................ 79

4.2.5

End Users (Industrial, Commercial, and Residential) ....................... 80

4.3

Investment and Funding Landscape ............................................................. 83

4.4

Regulatory Bodies/Acts .................................................................................. 87

4.5

Associations/Consortiums/Alliances ............................................................ 88

4.6

Privacy Laws Across Different Countries ..................................................... 90

5.

Global Internet of Energy Market (by Industry Stream) .................................... 91 5.1

Assumptions and Limitations for Analysis and Forecast of the Global Internet of Energy Market ................................................................... 91

5.2

Oil & Gas: Market Overview ........................................................................... 91

5.3

5.2.1

Upstream ............................................................................................... 93

5.2.2

Midstream ............................................................................................. 95

5.2.3

Downstream .......................................................................................... 98

Power: Market Overview ............................................................................... 101 5.3.1

Generation .......................................................................................... 102

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Global Internet of Energy Market

6.

5.3.2

Transmission ...................................................................................... 104

5.3.3

Distribution ......................................................................................... 106

Global Internet of Energy Market (by Application) .......................................... 108 6.1

6.2

7.

Oil & Gas Industry: Market Overview .......................................................... 108 6.1.1

Fleet and Asset Management ............................................................ 109

6.1.2

Preventive Maintenance ..................................................................... 111

6.1.3

Pipeline Monitoring ............................................................................ 112

6.1.4

Security Management ........................................................................ 114

Power Industry: Market Overview ................................................................ 115 6.2.1

Energy Management .......................................................................... 117

6.2.2

Asset and Equipment Monitoring ..................................................... 119

6.2.3

Field Surveillance ............................................................................... 120

6.2.4

Others .................................................................................................. 121

Global Internet of Energy Market (by Region) .................................................. 123 7.1

7.2

7.3

North America ............................................................................................... 125 7.1.1

North America (by Industry) .............................................................. 126

7.1.2

North America (by Country) .............................................................. 127

7.1.2.1

U.S. ...................................................................................................... 127

7.1.2.2

Canada ................................................................................................. 129

7.1.2.3

Mexico .................................................................................................. 132

Europe ............................................................................................................ 134 7.2.1

Europe (by Industry) .......................................................................... 136

7.2.2

Europe (by Country) ........................................................................... 136

7.2.2.1

France .................................................................................................. 137

7.2.2.2

Germany............................................................................................... 139

7.2.2.3

Norway ................................................................................................. 141

7.2.2.4

U.K. ...................................................................................................... 142

7.2.2.5

Netherlands .......................................................................................... 144

7.2.2.6

Italy ....................................................................................................... 146

7.2.2.7

Rest-of-Europe ..................................................................................... 147

Asia-Pacific .................................................................................................... 149 7.3.1

Asia-Pacific (by Industry) .................................................................. 150

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Global Internet of Energy Market

7.4

8.

7.3.2

Asia-Pacific (by Country) ................................................................... 151

7.3.2.1

China .................................................................................................... 151

7.3.2.2

Japan.................................................................................................... 153

7.3.2.3

South Korea ......................................................................................... 154

7.3.2.4

India...................................................................................................... 155

7.3.2.5

Australia ............................................................................................... 157

7.3.2.6

Rest-of-Asia-Pacific .............................................................................. 159

Rest-of-the-World (RoW) .............................................................................. 161 7.4.1

RoW (by Industry)............................................................................... 162

7.4.2

RoW (by Country) ............................................................................... 162

7.4.2.1

Saudi Arabia ......................................................................................... 163

7.4.2.2

United Arab Emirates (UAE) ................................................................. 164

7.4.2.3

Brazil .................................................................................................... 165

7.4.2.4

Rest-of-RoW ......................................................................................... 167

Company Profiles ............................................................................................... 168 8.1

8.2

8.3

8.4

CISCO Systems Inc. ...................................................................................... 170 8.1.1

Company Overview ............................................................................ 170

8.1.2

Role of Cisco Systems Inc. in Internet of Energy Market ............... 170

8.1.3

Financials ............................................................................................ 172

8.1.4

SWOT Analysis ................................................................................... 174

C3 IoT, Inc. ..................................................................................................... 175 8.2.1

Company Overview ............................................................................ 175

8.2.2

Role of C3 IoT, Inc. in Internet of Energy Market ............................. 175

8.2.3

SWOT ANALYSIS................................................................................ 177

HCL Technologies Ltd. ................................................................................. 178 8.3.1

Company Overview ............................................................................ 178

8.3.2

Role of HCL Technologies Ltd. In Internet of Energy Market ......... 178

8.3.3

Financials ............................................................................................ 180

8.3.4

SWOT ANALYSIS................................................................................ 182

Huawei Technologies Co., Ltd. .................................................................... 183 8.4.1

Company Overview ............................................................................ 183

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Global Internet of Energy Market

8.5

8.6

8.7

8.8

8.9

8.4.2

Role of Huawei Technologies Co., Ltd. in Internet of Energy Market .................................................................................................. 183

8.4.3

Financials ............................................................................................ 185

8.4.4

SWOT ANALYSIS................................................................................ 188

International Business Machines Corporation (IBM) ................................. 189 8.5.1

Company Overview ............................................................................ 189

8.5.2

Role of IBM Corporation in Internet of Energy Market .................... 189

8.5.3

Financials ............................................................................................ 190

8.5.4

Key Insights About the Financial Health of the Company .............. 192

8.5.5

SWOT ANALYSIS................................................................................ 193

Intel Corporation ........................................................................................... 194 8.6.1

Company Overview ............................................................................ 194

8.6.2

Role of Intel Corporation in Internet of Energy Market ................... 194

8.6.3

Product Portfolio ................................................................................ 195

8.6.4

Financials ............................................................................................ 195

8.6.5

Key Insights About the Financial Health of the Company .............. 198

8.6.6

SWOT ANALYSIS................................................................................ 199

Kellton Tech Solutions Ltd. .......................................................................... 200 8.7.1

Company Overview ............................................................................ 200

8.7.2

Role of Kellton Tech Solutions Ltd. in Internet of Energy Market .................................................................................................. 200

8.7.3

Financials ............................................................................................ 201

8.7.4

SWOT ANALYSIS................................................................................ 204

Microsoft Corporation................................................................................... 205 8.8.1

Company Overview ............................................................................ 205

8.8.2

Role of Microsoft Corporation in Internet of Energy Market .......... 205

8.8.3

Product Portfolio ................................................................................ 206

8.8.4

Financials ............................................................................................ 206

8.8.5

Key Insights About the Financial Health of the Company .............. 208

8.8.6

SWOT ANALYSIS................................................................................ 209

Telit Communications PLC........................................................................... 210 8.9.1

Company Overview ............................................................................ 210

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8.9.2

Role of Telit Communications PLC in Internet of Energy Market .................................................................................................. 210

8.9.3

Product Portfolio ................................................................................ 211

8.9.4

Financials ............................................................................................ 211

8.9.5

Key Insights About the Financial Health of the Company .............. 213

8.9.6

SWOT ANALYSIS................................................................................ 214

8.10

ABB Ltd. ......................................................................................................... 215

8.10.1

Company Overview ............................................................................ 215

8.10.2

Role of ABB Ltd. In Internet of Energy Market ................................. 215

8.10.3

Financials ............................................................................................ 217

8.10.4

SWOT ANALYSIS................................................................................ 219

8.11

General Electric ............................................................................................. 220

8.11.1

Company Overview ............................................................................ 220

8.11.2

Role of General Electric in Internet of Energy Market ..................... 220

8.11.3

Financials ............................................................................................ 222

8.11.4

Key Insights About the Financial Health of the Company .............. 224

8.11.5

SWOT ANALYSIS................................................................................ 225

8.12

Honeywell International Inc. ......................................................................... 226

8.12.1

Company Overview ............................................................................ 226

8.12.2

Role of Honeywell International Inc. in Internet of Energy Market .................................................................................................. 226

8.12.3

Financials ............................................................................................ 227

8.12.4

Key Insights about the Financial Health of the company ............... 230

8.12.5

SWOT ANALYSIS................................................................................ 231

8.13

Ingersoll Rand Plc ......................................................................................... 232

8.13.1

Company Overview ............................................................................ 232

8.13.2

Role of Ingersoll Rand Plc in the Internet of Energy Market .......... 232

8.13.3

Financials ............................................................................................ 234

8.13.4

Key Insights About the Financial Health of the Company .............. 236

8.13.5

SWOT ANALYSIS................................................................................ 237

8.14

Rockwell Automation Inc.............................................................................. 238

8.14.1

Company Overview ............................................................................ 238

8.14.2

Role of Rockwell Automation Inc. in Internet of Energy Market..... 238

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8.14.3

Financials ............................................................................................ 240

8.14.4

Key Insights About the Financial Health of the Company .............. 242

8.14.5

SWOT ANALYSIS................................................................................ 243

8.15

Siemens AG ................................................................................................... 244

8.15.1

Company Overview ............................................................................ 244

8.15.2

Role of Siemens AG in Internet of Energy Market ........................... 244

8.15.3

Financials ............................................................................................ 245

8.15.4

SWOT ANALYSIS................................................................................ 246

8.16

Schneider Electric ......................................................................................... 247

8.16.1

Company Overview ............................................................................ 247

8.16.2

Role of Schneider Electric in Internet of Energy Market ................. 247

8.16.3

Financials ............................................................................................ 249

8.16.4

SWOT Analysis ................................................................................... 251

8.17

Equinor ASA .................................................................................................. 252

8.17.1

Company Overview ............................................................................ 252

8.17.2

Role of Equinor ASA in Internet of Energy Market .......................... 252

8.17.3

Product Portfolio ................................................................................ 253

8.17.4

Financials ............................................................................................ 253

8.17.5

Key Insights About the Financial Health of the Company .............. 255

8.17.6

SWOT ANALYSIS................................................................................ 256

8.18

Royal Dutch Shell PLC.................................................................................. 257

8.18.1

Company Overview ............................................................................ 257

8.18.2

Role of Royal Dutch Shell PLC in Internet of Energy Market ......... 257

8.18.3

Product Portfolio ................................................................................ 258

8.18.4

Financials ............................................................................................ 258

8.18.5

Key Insights About the Financial Health of the Company .............. 260

8.18.6

SWOT ANALYSIS................................................................................ 261

8.19

Schlumberger Limited .................................................................................. 262

8.19.1

Company Overview ............................................................................ 262

8.19.2

Role of Schlumberger Limited in Internet of Energy Market .......... 262

8.19.3

Product Portfolio ................................................................................ 263

8.19.4

Financials ............................................................................................ 263

8.19.5

SWOT ANALYSIS................................................................................ 266

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Global Internet of Energy Market

8.20

8.20.1

Company Overview ............................................................................ 267

8.20.2

Role of Actility S.A. in Internet of Energy Market ............................ 267

8.20.3

SWOT ANALYSIS................................................................................ 269

8.21

9.

Actility S.A. .................................................................................................... 267

Enel X North America, Inc. ........................................................................... 270

8.21.1

Company Overview ............................................................................ 270

8.21.2

Role of Enel X North America, Inc. in Internet of Energy Market .................................................................................................. 270

8.21.3

SWOT Analysis ................................................................................... 272

Report Scope and Methodology ........................................................................ 273 9.1

Report Scope ................................................................................................. 273

9.2

Internet of Energy Market Research Methodology ..................................... 274 9.2.1

Assumptions ....................................................................................... 274

9.2.2

Limitations .......................................................................................... 275

9.2.3

Primary Data Sources ........................................................................ 275

9.2.4

Secondary Data Sources ................................................................... 276

9.2.5

Data Triangulation .............................................................................. 277

9.2.6

Market Estimation and Forecast ....................................................... 278

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Global Internet of Energy Market

List of Tables Table 2.1: Impact Analysis of Drivers.................................................................................................. 47 Table 2.2: List of Investors Promoting Decentralized Energy System ................................................. 50 Table 2.3: Impact Analysis of Restraints ............................................................................................. 51 Table 2.4: Initiatives for the Advancement of the U.S. Grid Network................................................... 55 Table 4.1: Recent Consolidations/Partnerships in the Internet of Energy Market ............................... 73 Table 4.2: Recent Developments by the Oil & Gas Companies in the Internet of Energy Market ........................................................................................................................ 77 Table 4.3: Recent Developments by the IT Solution Providers in the Internet of Energy Market ........ 78 Table 4.4: Recent Developments by the Energy Management and Automation Companies in Internet of Energy Market ....................................................................................................... 79 Table 4.5: Advantages and Growth Enablers of Smart Buildings........................................................ 81 Table 4.6: Venture Capital Investments in Internet of Energy Market ................................................. 84 Table 4.7: Regulatory Bodies/Act in Global Internet of Energy Market ............................................... 87 Table 4.8: Associations/Consortiums in Global Internet of Energy Market.......................................... 88 Table 4.9: Privacy Laws Followed by Different Countries in Global IoT in Oil & Gas Market .............. 90 Table 5.1: Global Internet of Energy in Oil & Gas Market (by Industry Stream), 2018-2024, ($Billion) ............................................................................................................... 93 Table 5.2: Some of the IoE Solution Providers in the Upstream Sector .............................................. 94 Table 5.3: Some of the IoE Solution Providers in the Downstream Sector ......................................... 99 Table 5.4: Global Internet of Energy in the Power Market (by Industry Stream), 2018-2024, ($Billion) ............................................................................................................. 102 Table 5.5: Use Cases of Internet of Energy in the Power Generation Business ............................... 103 Table 6.1: Global Internet of Energy in Oil & Gas Market (by Application), $Billion 2018-2024......... 109 Table 6.2: Global Internet of Energy in Power Market (by Application), $Billion 2018-2024.............. 116 Table 7.1: Global Internet of Energy Market (by Region), 2018-2024, $Billion.................................. 124 Table 7.2: North America in Internet of Energy (by Industry), 2018-2024, $Billion ............................ 126 Table 7.3: North America in Internet of Energy Market (by Country), 2018-2024, $Billion ................ 127 Table 7.4: Recent Developments in the Canadian IoT in Power and Oil & Gas Industry .................. 130 Table 7.5: Europe in Internet of Energy (by Industry), 2018-2024, $Billion ....................................... 136 Table 7.6: Europe in Internet of Energy Market (by Country), 2018-2024, $Billion ........................... 136

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Table 7.7: Energy Efficient Investments Made by Italian Government Pertaining to Residential and Industrial Consumers .................................................................................. 146 Table 7.8: Asia-Pacific Internet of Energy Market (by Industry), 2018-2024, $Billion ........................ 150 Table 7.9: Asia-Pacific Internet of Energy Market (by Country), 2018-2024, $Billion ........................ 151 Table 7.10: Benefits of Stakeholders from Smart Grid ...................................................................... 157 Table 7.11: Australia Government Initiatives for Energy Conservation ............................................. 158 Table 7.12: RoW Internet of Energy Market (by Industry), 2018-2024, $Billion................................. 162 Table 7.13: RoW Internet of Energy Market (by Country), 2018-2024, $Billion ................................. 162 Table 7.14: Brazil Initiatives for Reducing Energy Consumption ....................................................... 166 Table 8.1: Cisco Systems Inc.: Product Portfolio .............................................................................. 171 Table 8.2: C3IoT: Product Portfolio ................................................................................................... 176 Table 8.3: HCL Technologies Ltd.: Product Portfolio ........................................................................ 179 Table 8.4: Huawei Technologies Co., Ltd.: Product Portfolio ............................................................ 184 Table 8.5: IBM Corporation: Product Portfolio................................................................................... 190 Table 8.6: Intel Corporation: Product Portfolio .................................................................................. 195 Table 8.7: Kellton Tech Solutions Ltd: Product Portfolio ................................................................... 201 Table 8.8: Microsoft Corporation: Product Portfolio........................................................................... 206 Table 8.9: Telit Communications PLC: Product Portfolio .................................................................. 211 Table 8.10: ABB Ltd.: Product Portfolio ............................................................................................ 216 Table 8.11: General Electric: Product Portfolio ................................................................................. 221 Table 8.12: Honeywell International: Product Portfolio...................................................................... 227 Table 8.13: Ingersoll Rand Plc: Product Portfolio .............................................................................. 233 Table 8.14: Rockwell Automation Inc.: Product Portfolio................................................................... 239 Table 8.15: Siemens AG: Product Portfolio ...................................................................................... 245 Table 8.16: Schneider Electric: Product Portfolio .............................................................................. 248 Table 8.17: Equinor ASA: Product Portfolio ...................................................................................... 253 Table 8.18: Royal Dutch Shell PLC: Product Portfolio ...................................................................... 258 Table 8.19: Schlumberger Limited: Product Portfolio ........................................................................ 263 Table 8.20: Actility S.A.: Product Portfolio......................................................................................... 268 Table 8.21: Enel X North America, Inc.: Product Portfolio................................................................. 271

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Global Internet of Energy Market

List of Figures Figure 1: Components of Internet of Energy ....................................................................................... 23 Figure 2: Internet of Energy in Oil & Gas Industry ............................................................................... 24 Figure 3: Internet of Energy in the Power Sector ................................................................................ 25 Figure 4: Factors Affecting the Global Internet of Energy Market........................................................ 26 Figure 5: Global Internet of Energy Market Snapshot ......................................................................... 27 Figure 6: Global Internet of Energy Market (by Application), 2019-2024, ($Billion) ............................. 28 Figure 7: Global Internet of Energy in Oil & Gas Market (by Industry Stream), 2019 and 2024, ($Billion) ........................................................................................................ 29 Figure 8: Global Internet of Energy in Power Market (by Industry Stream), 2019 and 2024, ($Billion) ........................................................................................................ 30 Figure 9: Regional Internet of Energy Market Snapshot ..................................................................... 31 Figure 1.1: Internet of Energy: By Solutions........................................................................................ 34 Figure 1.2: Major Applications of Wireless Sensors in Oil & Gas Industry .......................................... 36 Figure 1.3: Major Applications of Wireless Sensors in Power Industry ............................................... 37 Figure 1.4: Benefits of Edge Computing ............................................................................................. 40 Figure 1.5: Use Cases of Internet of Energy ....................................................................................... 41 Figure 1.6: Energy Monitor and Control Mechanism ........................................................................... 42 Figure 1.7: Asset Remote Control Model ............................................................................................ 44 Figure 2.1: Market Dynamics .............................................................................................................. 46 Figure 2.2: Global Energy Demand Projection, 2015-2040................................................................. 48 Figure 3.1: Strategies Adopted by the Key Players (January 2016 – June 2019) ............................... 56 Figure 3.2: Share of Key Market Strategies and Developments (January 2016 – June 2019) ............ 57 Figure 3.3: Partnerships, Collaborations, and Joint Ventures Share (by Companies)......................... 59 Figure 3.4: New Product Launches and Developments Share (by Companies) ................................. 60 Figure 3.5: Mergers and Acquisitions Share (by Companies) ............................................................. 61 Figure 3.6: Business Expansions and Contracts Share (by Companies) ............................................ 62 Figure 3.7: Market Share Analysis of IT Solution Providers in Internet of Energy, 2018(%)................ 64 Figure 3.8: Market Share Analysis of Energy Management and Automation Companies in Internet of Energy, 2018 (%) ................................................................................................... 67 Figure 4.1: Advantages of Using Big Data Analytics for Internet of Energy......................................... 70

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Figure 4.2: Advantages of Using Blockchain in Power Industry .......................................................... 72 Figure 4.3: Key Stakeholders of Internet of Energy Market................................................................. 74 Figure 4.4: Application of Internet of Energy for Residential, Commercial, Industrial End Users and Oil & Gas Distributors ...................................................................................................... 82 Figure 4.5: Investments in Internet of Energy Market, 2016-2018....................................................... 83 Figure 5.1: Global IoE in Oil & Gas Market (by Industry Stream) ........................................................ 92 Figure 5.2: Internet of Energy Market in Upstream Segment in Oil & Gas Industry, 2018-2024 ......... 94 Figure 5.3: Major Activities in the Midstream Sector ........................................................................... 95 Figure 5.4: Internet of Energy Market in the Midstream Segment in Oil & Gas Industry, 2018-2024 .............................................................................................................................. 97 Figure 5.5: Major Activities in the Downstream Sector ........................................................................ 98 Figure 5.6: Internet of Energy Market in the Downstream Segment in Oil & Gas Industry, 2018-2024 ............................................................................................................................ 100 Figure 5.7: Global IoE in Power Market (by Industry Stream) ........................................................... 101 Figure 5.8: Internet of Energy Market in Generation Segment in Power Industry, 2018-2024 .......... 104 Figure 5.9: Major Activities in the Transmission Sector..................................................................... 105 Figure 5.10: Internet of Energy Market in the Power Transmission Industry, 2018-2024 .................. 106 Figure 5.11: Internet of Energy Market in the Power Distribution Industry, 2018-2024 ..................... 107 Figure 6.1: IoE in Oil & Gas: By Application ...................................................................................... 108 Figure 6.2: Fleet and Asset Management in Internet of Energy in Oil & Gas Industry, 2018-2024 ............................................................................................................................ 110 Figure 6.3: Preventive Maintenance in Internet of Energy in Oil & Gas Industry, 2018-2024 ............ 111 Figure 6.4: Pipeline Monitoring in Internet of Energy in Oil & Gas Market, 2018-2024...................... 113 Figure 6.5: Security Management in IoE in Oil & Gas Market, 2018-2024 ........................................ 114 Figure 6.6: IoE in Power: By Application ........................................................................................... 116 Figure 6.7: Energy Management in Internet of Energy in Power Industry, 2018-2024 ...................... 118 Figure 6.8: Asset and Equipment Monitoring in Internet of Energy in Power Industry, 2018-2024 ............................................................................................................................ 119 Figure 6.9: Field Surveillance in Internet of Energy in Power Industry, 2018-2024 ........................... 121 Figure 6.10: Others in IoE in Power Market, 2018-2024 ................................................................... 122 Figure 7.1: Global Internet of Energy Regional Market Snapshot ..................................................... 123 Figure 7.2: North America Internet of Energy Market, 2018-2024, $Billion ....................................... 125

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Figure 7.3: The U.S. Internet of Energy Market, 2018-2024 ............................................................. 128 Figure 7.4: Energy Mix of Canada, 2016 .......................................................................................... 130 Figure 7.5: Canada Internet of Energy Market, 2018-2024 ............................................................... 131 Figure 7.6: Mexico Internet of Energy Market, 2018-2024 ................................................................ 132 Figure 7.7: Europe Internet of Energy Market, 2018-2024 ................................................................ 135 Figure 7.8: France Internet of Energy Market, 2018-2024 ................................................................ 137 Figure 7.9: Energy Mix of France, 2018 ............................................................................................ 138 Figure 7.10: Germany Internet of Energy Market, 2018-2024 ........................................................... 140 Figure 7.11: Norway Internet of Energy Market, 2018-2024 ............................................................. 141 Figure 7.12: The U.K. Internet of Energy Market, 2018-2024 ........................................................... 143 Figure 7.13: The Netherlands Internet of Energy Market, 2018-2024 ............................................... 145 Figure 7.14: Italy Internet of Energy Market, 2018-2024 ................................................................... 147 Figure 7.15: Rest-of- Europe Internet of Energy Market, 2018-2024 ................................................ 148 Figure 7.16: Asia-Pacific Internet of Energy Market, 2018-2024 ....................................................... 149 Figure 7.17: China Internet of Energy Market, 2018-2024 ................................................................ 152 Figure 7.18: Japan Internet of Energy Market, 2018-2024 ................................................................ 153 Figure 7.19: South Korea in Internet of Energy Market, 2018-2024 .................................................. 155 Figure 7.20: India Internet of Energy Market, 2018-2024 .................................................................. 156 Figure 7.21: Australia Internet of Energy Market, 2018-2024............................................................ 158 Figure 7.22: Rest-of-Asia-Pacific Internet of Energy Market, 2018-2024 .......................................... 159 Figure 7.23: RoW Internet of Energy Market, 2018-2024 ................................................................. 161 Figure 7.24 Saudi Arabia Internet of Energy Market, 2018-2024 ...................................................... 163 Figure 7.25: UAE Internet of Energy Market, 2018-2024 .................................................................. 164 Figure 7.26: Brazil Internet of Energy Market, 2018-2024................................................................. 165 Figure 7.27: Others Internet of Energy Market, 2018-2024 ............................................................... 167 Figure 8.1: Segmentation of Key Companies Profiled by Type of Company..................................... 168 Figure 8.2: Cisco Systems Inc.: Overall Financials, 2016-2018 ........................................................ 172 Figure 8.3: Cisco Systems Inc.: Net Revenue (by Business Segment), 2016-2018.......................... 172 Figure 8.4: Cisco Systems: Net Revenue (by Region), 2016-2018 ................................................... 173 Figure 8.5: Cisco Systems Inc.: SWOT Analysis .............................................................................. 174 Figure 8.6: C3 IoT: SWOT Analysis .................................................................................................. 177 Figure 8.7: HCL Technologies Ltd.: Overall Financials, 2017-2019 .................................................. 180

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Figure 8.8: HCL Technologies Ltd.: Net Revenue (by Business Segment), 2017-2019.................... 180 Figure 8.9: HCL Technologies Ltd.: Net Revenue (by Regional Segment), 2017-2019 .................... 181 Figure 8.10: HCL Technologies Ltd.: SWOT Analysis ...................................................................... 182 Figure 8.11: Huawei Technologies Co., Ltd.: Overall Financials, 2016-2018 .................................... 185 Figure 8.12: Huawei Technologies Co., Ltd.: Net Revenue (by Business Segment), 2016-2018 ..... 186 Figure 8.13: Huawei Technologies Co., Ltd.: Net Revenue (by Region), 2016-2018 ........................ 187 Figure 8.14: Huawei Technologies Co., Ltd.: SWOT Analysis .......................................................... 188 Figure 8.15: IBM Corporation: Overall Financials, 2016-2018 .......................................................... 190 Figure 8.16: IBM Corporation: Net Revenue (by Business Segment), 2016-2018 ............................ 191 Figure 8.17: IBM Corporation: Net Revenue (by Regional Segment), 2016-2018 ............................ 192 Figure 8.18: IBM Corporation: R&D Expenditure, 2016-2018 ........................................................... 192 Figure 8.19: IBM Corporation: SWOT Analysis................................................................................. 193 Figure 8.20: Intel Corporation: Overall Financials, 2016-2018 .......................................................... 195 Figure 8.21: Intel Corporation: Net Revenue (by Business Segment), 2016-2018 ............................ 196 Figure 8.22: Intel Corporation: Net Revenue (by Regional Segment), 2016-2018 ............................ 197 Figure 8.23: Research and Development: Intel Corporation – 2016 to 2018 .................................... 198 Figure 8.24: Intel Corporation: SWOT Analysis ................................................................................ 199 Figure 8.25: Kellton Tech Solutions Ltd: Overall Financials, 2017-2019 ........................................... 201 Figure 8.26: Kellton Tech Solutions Ltd: Net Revenue (by Business Segment), 2017-2019............. 202 Figure 8.27: Kellton Tech: Net Revenue (by Region), 2016-2018..................................................... 203 Figure 8.28: Kellton Tech: SWOT Analysis ....................................................................................... 204 Figure 8.29: Microsoft Corporation: Overall Financials, 2016-2018 .................................................. 206 Figure 8.30: Microsoft Corporation: Net Revenue (by Business Segment), 2016-2018 .................... 207 Figure 8.31: Microsoft Corporation: Net Revenue (by Regional Segment), 2016-2018 .................... 207 Figure 8.32: Research and Development: Microsoft Corporation – 2016 to 2018 ............................. 208 Figure 8.33: Microsoft Corporation: SWOT Analysis......................................................................... 209 Figure 8.34: Telit Communications PLC: Overall Financials, 2016-2018 .......................................... 211 Figure 8.35: Telit: Net Revenue (by Business Segment), 2017-2018 ............................................... 212 Figure 8.36: Telit Communications PLC: Net Revenue (by Regional Segment), 2016-2018 ............ 212 Figure 8.37: Research and Development: Telit Communications PLC – 2016 to 2018 .................... 213 Figure 8.38: Telit Communications PLC: SWOT Analysis ................................................................ 214 Figure 8.39: ABB Ltd.: Overall Financials, 2016-2018 ...................................................................... 217

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Figure 8.40: ABB Ltd.: Net Revenue (by Operating Segment), 2016-2018 ....................................... 217 Figure 8.41: ABB Ltd.: Net Revenue (by Regional Segment), 2016-2018 ........................................ 218 Figure 8.42: ABB Ltd.: SWOT Analysis............................................................................................. 219 Figure 8.43: General Electric: Overall Financials, 2016-2018 ........................................................... 222 Figure 8.44: General Electric: Net Revenue (by Business Segment), 2016-2018............................. 223 Figure 8.45: General Electric: Net Revenue (by Regional Segment), 2016-2018 ............................. 223 Figure 8.46: General Electric: Research and Development: 2016-2018 ........................................... 224 Figure 8.47: General Electric: SWOT Analysis ................................................................................. 225 Figure 8.48: Honeywell International: Overall Financials, 2016-2018 ............................................... 227 Figure 8.49: Honeywell International: Net Revenue (by Business Segment), 2016-2018 ................. 228 Figure 8.50: Honeywell International: Net Revenue (by Regional Segment), 2016-2018 ................. 229 Figure 8.51: Research and Development: Honeywell International – 2016 to 2018 .......................... 230 Figure 8.52: Honeywell International: SWOT Analysis...................................................................... 231 Figure 8.53: Ingersoll Rand Plc: Overall Financials, 2016-2018........................................................ 234 Figure 8.54: Ingersoll Rand Plc: Net Revenue (by Business Segment), 2017-2018 ......................... 234 Figure 8.55: Ingersoll Rand Plc: Net Revenue (by Regional Segment), 2016-2018.......................... 235 Figure 8.56: Research and Development: Ingersoll Rand Plc – 2016 to 2018 .................................. 236 Figure 8.57: Ingersoll Rand Plc: SWOT Analysis .............................................................................. 237 Figure 8.58: Rockwell Automation Inc.: Overall Financials, 2016-2018 ............................................ 240 Figure 8.59: Rockwell Automation Inc.: Net Revenue (by Business Segment), 2016-2018 .............. 240 Figure 8.60: Rockwell Automation Inc.: Net Revenue (by Regional Segment), 2016-2018 .............. 241 Figure 8.61: Research and Development: Rockwell Automation – 2016 to 2018 ............................. 242 Figure 8.62: Rockwell Automation Inc.: SWOT Analysis................................................................... 243 Figure 8.63: Siemens AG: Overall Financials, 2016-2018 ................................................................ 245 Figure 8.64: Siemens AG: SWOT Analysis....................................................................................... 246 Figure 8.65: Schneider Electric: Overall Financials, 2016-2018 ........................................................ 249 Figure 8.66: Schneider Electric: Net Revenue (by Business Segment), 2016-2018 ......................... 250 Figure 8.67: Schneider Electric: Net Revenue by Regional Segment, 2016-2018 ............................ 250 Figure 8.68: Schneider Electric: SWOT Analysis .............................................................................. 251 Figure 8.69: Equinor ASA: Overall Financials, 2016-2018 ................................................................ 253 Figure 8.70: Equinor ASA: Net Revenue by Business Segment, 2016-2018 .................................... 254 Figure 8.71: Research and Development: Equinor ASA – 2016 to 2018 .......................................... 255

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Figure 8.72: Equinor ASA: SWOT Analysis ...................................................................................... 256 Figure 8.73: Royal Dutch Shell PLC: Overall Financials, 2016-2018 ................................................ 258 Figure 8.74: Royal Dutch Shell PLC: Net Revenue (by Business Segment), 2016-2018 .................. 259 Figure 8.75: Royal Dutch Shell PLC: Net Revenue (by Regional Segment), 2016-2018 .................. 260 Figure 8.76: Research and Development: Royal Dutch Shell PLC – 2016 to 2018 .......................... 260 Figure 8.77: Royal Dutch Shell PLC: SWOT Analysis ...................................................................... 261 Figure 8.78: Schlumberger Limited: Overall Financials, 2016-2018 .................................................. 263 Figure 8.79 Schlumberger Limited: Net Revenue (by Business Segment), 2016-2018 .................... 264 Figure 8.80 Schlumberger Limited: Net Revenue (by Regional Segment), 2016-2018..................... 265 Figure 8.81: Schlumberger Limited: SWOT Analysis ........................................................................ 266 Figure 8.82: Actility S.A.: SWOT Analysis ......................................................................................... 269 Figure 8.83: Enel X North America, Inc.: Net Revenue by Regional Segment, 2018 ........................ 271 Figure 8.84: Enel X North America, Inc.: SWOT Analysis ................................................................. 272 Figure 9.1 Internet of Energy Market Scope ..................................................................................... 273 Figure 9.2 Report Methodology ........................................................................................................ 274 Figure 9.3 Primary Interviews Breakdown, by Company, Designation and Region .......................... 276 Figure 9.4 Sources of Secondary Research ..................................................................................... 277 Figure 9.5 Data Triangulation ........................................................................................................... 278 Figure 9.6 Top Down and Bottom-Up Approach for Market Estimation ............................................ 279

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Global Internet of Energy Market

List of Acronyms Acronyms

Descriptions

AI

Artificial Intelligence

AT&C

Aggregate Technical & Commercial

DSO

Distribution System Operators

DNO

Distributed Network Operators

FYP

Five Year Plan

GNSS

Global Navigation Satellite Systems

GPS

Global Positioning Systems

HVAC

Heating Ventilation Air Conditioning

IoE

Internet of Energy

IoT

Internet of Things

IIoT

Industrial Internet of Things

IP

Internet Protocol

ICT

Information and Communication Technologies

KwH

Kilowatt Hour

LAN

Local Area Network

M2M

Machine-to-Machine

MRO

Maintenance Repair and Operation

PaaS

Platform-as-a-Service

PEA

Provincial Electricity Authority

POE

Power Over Ethernet

PLC

Programmable Logic Controller

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Global Internet of Energy Market

RFID

Radio-frequency Identification

SCADA

Supervisory Control and Data Acquisition

SaaS

Software-as-a-Service

SPS

Safety and Productivity Solutions

TSO

Transmission System Operators

WAN

Wide Area Network

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Global Internet of Energy Market

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