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IoT in Energy Market: Powering the Future of Smart Energy
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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