Energy & Utilities IoT Devices Expected to Increase to 2,439M by 2022

The Internet of Things has become a buzzword. In reality, the term is as broad and hard to define as the internet itself. While the term is used in practically every sector, some have found more ways to utilize the new technology. Smart home devices still lead the way thanks to the prevalence of products like Amazon’s Echo and Google’s Nest. Energy and Utility usage is a distant but vital second.

IoT-connected utilities offer energy savings on a much larger scale. Instead of relying on consumer habits focused around convenience-based smart home technology, IoT devices can go straight to the source to monitor and manage energy and electricity usage.

In the fight against climate change, energy efficiency improvements will be crucial. With the world’s largest cities setting ambitious new climate goals, new technology capable of finding ways to save electricity and use power more effectively will be commonplace. That’s why IoT devices in the energy and utility industry are expected to grow to 2.4 million units by 2020.

Smart buildings will lead to a smarter tomorrow. By leveraging the power of IoT devices we can build a sustainable future for decades to come.

Read the full report: https://memoori.com/wp-content/uploads/2016/06/The_IoT_in_Smart_Buildings_Synopsis-2018.pdf