It is estimated that distribution and substation automation IoT products and services will have an economic value between 10 and 30 billion U.S. dollars by 2025, and is expected to grow to 40 to 50 billion U.S. dollars by 2030.
Estimated economic value from distribution automation IoT worldwide in 2025 and 2030
(in billion U.S. dollars)
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McKinsey & Company. (April 5, 2022). Estimated economic value from distribution automation IoT worldwide in 2025 and 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1318818/economic-value-from-iot-distribution-automation/
McKinsey & Company. "Estimated economic value from distribution automation IoT worldwide in 2025 and 2030 (in billion U.S. dollars)." Chart. April 5, 2022. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1318818/economic-value-from-iot-distribution-automation/
McKinsey & Company. (2022). Estimated economic value from distribution automation IoT worldwide in 2025 and 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1318818/economic-value-from-iot-distribution-automation/
McKinsey & Company. "Estimated Economic Value from Distribution Automation Iot Worldwide in 2025 and 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Apr 2022, https://www.statista.com/statistics/1318818/economic-value-from-iot-distribution-automation/
McKinsey & Company, Estimated economic value from distribution automation IoT worldwide in 2025 and 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1318818/economic-value-from-iot-distribution-automation/ (last visited December 23, 2024)
Estimated economic value from distribution automation IoT worldwide in 2025 and 2030 (in billion U.S. dollars) [Graph], McKinsey & Company, April 5, 2022. [Online]. Available: https://www.statista.com/statistics/1318818/economic-value-from-iot-distribution-automation/