The Connected Grid: IoT Trends in Utilities
The Internet of Things (IoT) in the utilities market has revolutionized the way energy, water, and gas utilities operate, providing enhanced efficiency, cost savings, and improved service delivery. With the increasing adoption of smart technologies and connected devices, utility companies are leveraging IoT to monitor and manage resources in real time. This transformation is driven by the need for sustainability, energy conservation, and regulatory compliance, making IoT an essential component of modern utility infrastructure. The integration of IoT with smart grids, meters, and automation systems is enabling utilities to optimize operations, reduce downtime, and improve asset management while enhancing customer experience.
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The IoT in utilities market can be segmented based on component, application, and end-user. Components include hardware, software, and services, with each playing a crucial role in IoT implementation. IoT hardware consists of sensors, smart meters, and gateways that…