IoT in Energy Market: Powering the Future of Smart Energy

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2025-09-18 09:51:42 - Translate

Introduction The Internet of Things (IoT) in Energy Market was valued at USD 26.73 billion in 2023 and is projected to reach USD 75.03 billion by 2032, growing at a CAGR of 12.2% (2024–2032). IoT is transforming the energy sector by enabling real-time monitoring, predictive maintenance, and smart grid management. This has led to 30% energy waste reduction, 25% lower maintenance costs,...

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