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  Asia Pacific IoT in Renewable Energy Market
Posted on : Monday, 24 February, 2020  06:26
Location : seo, Bruxelles, Bruxelles
Phone Number# : 09607365656
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Asia Pacific IoT in Renewable Energy Market is expected to grow from USD XX Billion in 2018 to cross USD XX Billion by 2026, with a CAGR of more than XX% between the forecast period of 2018 and 2026.

Asia Pacific IoT in Renewable Energy Market by Region

The Asia Pacific IoT in the renewable energy market is segmented by Solution, application, end user, and region. On the basis of solution, market is classified into Analytic Software, Hardware Platform, Service, and Connectivity. Based on the application market is divided by Pipeline, Refineries, Grid Control, Digital Oilfield, Others. According to End-Use market is divided into Oil & Gas,

Solar, Wind, Others. Geographically market is spread by China, Japan, India, South Korea, Australia, Others.
In a simple form, IoT has three main components: digitization of assets, the collection of data related to the assets, and computational algorithms for controlling the system formed by the interconnected assets. The power sector has been the biggest beneficiary of two recognizable consumer-oriented applications of IoT namely smart meters and smart thermostats. In Asia, several pilots of smart meters, smart buildings, and smart city are going on. Smart thermostats and smart meters together with other IoT solutions have the potential to spur a variety of smart buildings or other smart city applications.

Renewable sources of energy such as solar energy, wind energy, hydro energy are the few key ones for the future as the normal traditional sources of energy including fossil fuels such as coal and petroleum are fast depleting. However, the harnessing of green energy has a specific problem as it is not stable. Optimization is the key to any plan of governments moving away from conventional energy sources to the other alternative ones.

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