Latin America Iot In Energy Market Size & Outlook, 2023-2030
The iot in energy market in Latin America is expected to reach a projected revenue of US$ 4,462.0 million by 2030. A compound annual growth rate of 16.6% is expected of Latin America iot in energy market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,524.8
Forecast, 2030 (US$M)
$4,462.0
CAGR, 2024 - 2030
16.6%
Report Coverage
Latin America
Latin America iot in energy market highlights
- The Latin America iot in energy market generated a revenue of USD 1,524.8 million in 2023.
- The market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,524.8 million |
| Market revenue in 2030 | USD 4,462.0 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.0% of the global iot in energy market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 4,882.8 million by 2030.
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IoT in Energy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AGT International | View profile | 1001-5000 | Zürich, Zurich, Switzerland, Europe | http://www.agtinternational.com/ |
| Intel Corporation | View profile | - | - | - |
| GridPoint, General Electric | View profile | - | - | - |
| Cisco Systems, Inc. | View profile | - | - | - |
| IBM | View profile | - | - | - |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
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