The global power industry experienced a 50% drop in company filings mentions of internet of things in Q2 2023 compared with the previous quarter, with the highest share accounted for by Adani Transmission with 283% year-on-year increase, according to GlobalData’s analysis of over 171 power company filings. The growing application of Internet of Things will prove to have a transformative impact on the the power sector. GlobalData’s Internet of Things (IoT) Market Size, Share and Trends, Analysis and Forecast report helps keep abreast of the latest trends in Internet of Things, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of future of work and quantum computing, according to GlobalData.
Of the top leading companies in the power industry, Adani Transmission had the greatest increase in references for internet of things in Q2 2023, compared with the previous quarter. GlobalData identified 23 internet of things-related sentences in the company's filings - 0.4% of all sentences - and an increase of 283% in Q2 2023 compared with Q2 2022. Tenaga Nasional’s mentions of internet of things dropped by 45% to 16 and Enel’s by 77% to 15 and Power Assets’s by 100% to 14.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for internet of things in Q2 2023 was 106.
To further understand GlobalData's analysis on Internet of Things (IoT) Market Size, Share and Trends Analysis by Region, Type (Enterprise, Consumer), Product (Hardware, Software and Services), Enterprise Size, Vertical (Government, Utilities, Manufacturing, Transport and Logistics and Others) and Se buy the report here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
Smarter leaders trust GlobalData
Premium Insights Internet of Things (IoT) Market Size, Share, Trends and Analysis by Type (Enterprise, Consumer), Product (Hardware, Software, and Services), Enterprise Size, Vertical (Government, Utilities, Manufacturing, Transport and Logistics, and Others), Region and Segment Forecast to 2026
Premium Insights
The gold standard of business intelligence.
