Pune, India -- (SBWIRE) -- 03/15/2019 -- Internet of things (IoT) is a concept that is associated with connectivity of devices, software and cloud computing abilities. Increasing awareness about the efficiency of energy and security has enabled in the attraction of IoT devices amongst consumers. Internet of things (IoT) in energy market is expected to grow at a CAGR of 16.5% during the forecast period (2019 – 2027). KaaIoT Technologies, LLC, a US based, IoT product company, provides essential IoT functional blocks that allow assembling smart energy solutions with both speed and seamless interoperability. Various sensors, smart metering devices, controllers, smart energy monitors, and electrical grid assets can be plugged into the Kaa cluster and managed in real-time over secure cloud connection. For local-scale IoT smart energy deployments, Kaa can be used as a master IoT platform for smart building solutions, smart home energy solutions, smart lighting systems, connected heating and air conditioning systems, and IoT smart meters implementation.

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The growing adoption of smart devices amongst home users are contributing in the development of internet of things (IoT) in energy market. Smart thermostat is one such example that has been successful in effective management of energy amongst residences. The device is equipped with sensors and has the ability to be connected across other smart devices including mobile or laptops. It helps in monitoring the environment of residences by sensing the room temperature. For instance, Ecobee's entry level thermostat has the ability to connect with varied home devices and helps in monitoring the environment through an app, thereby allowing intelligent consumption of resources. Hence, the growing need among the residential sector for efficient energy management, is influencing the growth of Internet of things (IoT) in energy market.

"Home energy management is an area that projects a wide adoption of internet of things. The increasing adoption of smart thermostat and other such home energy management systems for efficient energy management practices is leveraging the growth of internet of things (IoT) in energy market."

The detailed research study provides qualitative and quantitative analysis of internet of things (IoT) in energy market. The market has been analyzed from demand as well as supply side. The geographical analysis emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.

Some of the players operating in the internet of things (IoT) in energy market are Accenture, Actility, Altair Engineering, Inc., Cisco Systems, Inc., Flutura, IBM Corporation, Intel, Meazon, Northwest Analytics, Inc., PingThings, SAP SE, Schneider Electric, Siemens, SYMBOTICWARE INC, Telit and Wind River Systems, Inc.

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By Offerings

o Hardware
o Software
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By Network Technology

o Cellular Network
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By Application

o Energy Management
o Power Distribution
o Mobile Workforce Management
o Asset and Equipment Monitoring
o Field Surveillance
o Others

By Region

North America

o U.S.
o Canada
o Mexico
o Rest of North America

Europe

o France
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o Germany
o Italy
o Nordic Countries
- Denmark
- Finland
- Iceland
- Norway
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o The Benelux Union
- Belgium
- the Netherlands
- Luxemburg
o Rest of Europe

Asia Pacific

o China
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o India
o Australia
o New Zealand
o South Korea
o Southeast Asia
- Indonesia
- Thailand
- Malaysia
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- Rest of Southeast Asia
o Rest of Asia Pacific

Middle East and Africa

o Saudi Arabia
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o Kuwait
o South Africa
o Rest of Middle East and Africa

Latin America

o Brazil
o Argentina
o Rest of Latin America