IoT in Energy Management: Benefits, Challenges, and Use Cases

The Internet of Things (IoT) continues to expand rapidly, with the market growing from an estimated $54.8 billion in 2022 to a projected $153.2 billion by 2029.

This surge is largely fueled by the increasing demand for cloud-based IoT solutions, which proved essential for businesses adapting to the challenges of the pandemic. Compared to pre-pandemic expectations, this growth trajectory now appears even more achievable.

The energy sector is also embracing this shift, with rising enterprise investments in IoT expected to push the market value to around USD 222.56 billion by 2030. The rise of IoT sustainability solutions has transformed energy management systems across industries.

IoT-driven energy management offers a smarter way to monitor and optimize energy consumption, giving users greater control with minimal effort. Whether in factories, warehouses, smart buildings, or residential homes, an IoT platform as a service helps cut energy costs, lower greenhouse gas emissions, and reduce overall carbon footprints. By supporting sustainable energy practices, IoT is playing a key role in shaping a more efficient and eco-friendly future.