
Intellia IoT provide the real-time energy consumption data which helps you to continuously monitor your equipment efficiency. Which will help you decide if any machine is need to be replaced.
Visit site : https://www.biz4intellia.com/energy-monitoring-solution/







According to a research report "Internet of Things (IoT) in Energy Market by Solution (Asset Management, Data Management and Analytics, SCADA, Energy Management), Service, Platform, Application (Oil and Gas, Smart Grid, Coal Mining), and Region - Global Forecast to 2025" published by MarketsandMarkets, The global Internet of Things (IoT) in energy market size is expected to grow from USD 20.2 billion in 2020 to USD 35.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period.
Major factors expected to drive the growth of the IoT in energy market include IoT in energy boost business productivity, advantage of IoT-based agile systems, rising instances of cyberattacks, and enhancing the health and safety of employeesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251659593Based on solution, the asset management segment to account for the largest market size during the forecast periodIoT-enabled asset management solutions are a combination of all processes, assets, workflows, and analytics into a single solution, which offer centrally consolidated tracking, monitoring, and analytics system for asset-intensive energy sector.
Asset management solutions include the management of energy meters, predictive asset maintenance, and control operations of assets.
In order to achieve the organizational strategic plan, the associated performance, risks, and expenditures over the lifecycle of assets are taken care of by asset management solutions.
Asset management solution offers many advantages such as improved capacity and utilization, operational visibility and analysis, proactive solutions for asset failure situations, safety assurance, and management of all assets from a single platform, extension of asset’s life, and improved return on assets.Based on application, the oil and gas segment to account for the largest market size in 2020The oil and gas application segment is leading the IoT in energy market in 2020; the segment is the most capital-intensive industry.
The adoption of IoT solutions is expected to improve the operational efficiency of the oil and gas segment, thus helping companies operating in this industry to sustain the drop in oil prices.