info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

IIOT Gateway for Utility Market Research Report Information By Component (Microcontroller Unit, Field Programmable Gate Arrays, Sensors, Memory, Others), By Connectivity Technology (Bluetooth, Wi-Fi, Zigbee, Ethernet, Z-wave, Others), By Application (Power Utilities, Gas Utilities, Water Utilities, Transportation, Smart Cities, Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030


ID: MRFR/ICT/9524-CR | 110 Pages | Author: Aarti Dhapte| November 2022

IIOT Gateway for Utility Market Overview


The global IIOT Gateway For Utility market has been growing significantly over the past few years. It is expected to reach USD 38.76 Billion by 2032, at a CAGR of 14.1% during the forecast period, 2022–2032. IoT Gateways are designed to securely connect to the internet/cloud using WiFi, LAN or cellular communication, this connectivity provides a solution to unlock meaningful data from these legacy devices. Industrial IoT Gateways bridge the gap between edge and cloud by collecting, processing, and standardizing data from sensors, I/O devices, and PLCs before sending it to the cloud. Industrial IoT Gateways enable a variety of functions to support greater efficiency in production environments by enabling connectivity among equipment, devices, and systems.

 

Figure1: IIOT Gateway for Utility Market, 2018 - 2032 (USD Billion)

 

IIOT Gateway for Utility Market Overview

 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


COVID-19 Impact vs  Opportunities for Global IIOT Gateway for Utility Market:


Since the lockdown, all production industries had been closed, and the essential components of IoT systems are numerous sensors, without which the system cannot be deployed gets also hampered. Furthermore, the sensors are made in many locations throughout the world, making it impossible to export and import due to tight lockdown measures implemented by governments around the world, making raw material procurement extremely complex. Any system cannot come to life on its own without the whole set of raw materials, and system integration and system mating with the software is impossible. As a result, the expansion of the IoT market has reached a halt.


Various governments are implementing various programs to deploy smart meters across the country. The most popular utility IoT use case nowadays is advanced metering infrastructure AMI via smart meters. Smart meters give utilities a direct path to offer value-added services to their customers, including immediate user feedback, adjustable rates, and smart home apps. Creating opportunities for market growth.


Market Dynamics:


Drivers:


In the forecast period, the advent of 5G technology is expected to propel the growth of the IIoT gateway for the utility market. 5G allows for more dependable, quicker, and secure communication. Because of 5G's increased bandwidth, more data can be transferred in a given amount of time, and its lower latency allows data to reach its destination faster.


Opportunities:


Various governments have pushed the adoption of disruptive technologies, such as the Internet of Things (IoT), to boost industrial automation across various enterprises. Governments throughout the world are implementing various incentive programs, including R&D funding, tax breaks, and the establishment of promotional ventures and platforms, to promote automation and thereby accelerate the adoption rate of industrial IoT gateway for utility.


Restraint:


IoT security is the act of protecting Internet devices and the networks to which they are connected from threats and breaches by protecting, identifying, and monitoring risks, as well as assisting in the repair of vulnerabilities from a variety of devices that can pose security risks to businesses.


Value Chain Analysis


The IIoT Gateway for the utility market value chain has evolved from a conventional approach to highly efficient supply chain processes. The value chain comprises hardware, software, and connectivity in its basic requirements, system integration in the second stage, and end-use.


Segment Overview


The global IIOT Gateway for Utility market has been segmented on the basis of components, connectivity technology, application, and region.


By component segment, the market is further bifurcated into Microcontroller Units, Field Programmable Gate Arrays, sensors, Memory, and Others. Among these segments, the microcontroller unit segment garnered a high market value of USD 14.3 million in 2021.


Based on connectivity technology, the market is further bifurcated into Bluetooth, Wi-Fi, ZigBee, ethernet, z-wave, and others.


Based on the application, the market is further bifurcated into power utilities, gas utilities, water utilities, transportation, smart cities, and others.


Based on region the market has been segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America.


Regional Analysis


The global IIOT Gateway for the Utility market has been studied across Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.


North America accounted for the largest market share of USD 18.1 million in 2021. North America accounts for one of the largest market shares in the IIOT gateway for the utility market due to the presence of notable IIOT Gateway for Utility companies. The major players in IIOT Gateway for Utility have been working on the technology for well over the last many years.


Asia-Pacific is the fastest-growing market, and the Asia Pacific is expected to drive the market in the region. An increase in the integration of IoT technology in the utility industry is expected to create opportunities for the market in the Asia Pacific. Nearly 20 to 25% of the market's growth will originate from Asia-Pacific during the forecast period.


Competitive Landscape


The global market for IIOT Gateway for Utility is projected to witness healthy growth during the forecast period, owing to the emergence of 5G connectivity technology, and the growing use of IIOT gateway for the utility industry due to its various features.


Key players operating in the global IIOT Gateway for Utility market include:



  • Intel Corporation (US)

  • Cisco System, Inc. (US)

  • Advantech Co., Ltd. (Taiwan)

  • ASUS Tek Computer Inc. (Taiwan)

  • Hewlett Packard Enterprise Co. (US)

  • Huawei Technologies Co., Ltd. (China)

  • Siemens AG (Germany)

  • Super Micro Computer, Inc. (US)

  • NXP Semiconductors (Netherlands)

  • Dell Technologies Inc. (US).


Recent Developments


Cisco unveils Industrial IoT routers and gateways. The Cisco Catalyst IR1800 Rugged Series, IR8100 Heavy Duty Series, and IR8300 Rugged Series are the routers that have been made available. The three series were created to make it easier for businesses to meet IoT connectivity requirements. With Cisco's IOS XE operating system, these routers can be set up to access fast internet on smartphones, tablets, laptops, and desktop computers. On June 2021


Based on the powerful NVIDIA Jetson platform, ASUS announced PE1000N, an ultra-compact computer for AI inferencing at the edge. It features a fanless design for quiet operation, rich industrial connectivity for serious flexibility, and supports a wide range of power inputs and operating temperatures for maximum versatility and durability. On July 2022


Advantech announced that the Internet of Things (IoT) Greengrass program had accepted the UNO series of IoT gateways. AWS IoT Greengrass is an open-source edge and cloud solution for the Internet of Things, making it easier to manage and develop software for devices. On September 2022


Based on the powerful NVIDIA Jetson platform, ASUS announced PE1000N, an ultra-compact computer for AI inferencing at the edge. It features a fanless design for quiet operation, rich industrial connectivity for serious flexibility, and supports a wide range of power inputs and operating temperatures for maximum versatility and durability. On July 2022


Market Size   2032: USD 38.76 Billion
  CAGR   14.1 % CAGR (2022-2032)
  Base Year    2021
  Forecast Period    2022-2032
  Historical Data    2019 and 2020
  Forecast Units    Value (USD Billion)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered    Components, connectivity technology, application, and region.
  Geographies Covered    North America, Europe, Asia-Pacific, Middle East & Africa, and South America
  Key Vendors   Intel Corporation (US), Cisco System, Inc. (US), Advantech Co., Ltd. (Taiwan)
  Key Market Opportunities   • Government support for research and development of IIOT technologies
  Key Market Drivers   • Emergence of 5G connectivity technology • Growing use of IIOT gateway utility industry due to various features


Frequently Asked Questions (FAQ) :

The microcontroller unit segment is expected to drive the market during the forecasted period.

The global IIOT Gateway for Utility market has been growing rapidly over the past few decades and is expected to reach USD 38.76 Billion by 2032, at a CAGR of 14.1% during the forecast period.

Intel Corporation (US), Cisco System, Inc. (US), and Advantech Co., Ltd. (Taiwan) are expected to be the major competition in the IIOT Gateway for Utility market during the projected period.

The North American region is expected to be the largest market for IIOT Gateway for Utility market during the forecast period.

Unsettoled concerns regarding the security and privacy of user data may slow the growth of the IIOT Gateway for Utility market during the forecast period.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.