SOURCE RESEARCH
IoT Market Tracker: Utilities
Market Data | 2Q 2025 | MD-IOTMUTI-113
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The market for Internet of Things (IoT) connections in utilities is forecast to grow at a Compound Annual Growth Rate (CAGR) of 9% between 2025 and 2030, reaching a US$3.4 billion sizing. China alone will account for 40% of the overall market, with the United States being in a distant second place at 12%.
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