Internet of energy market set to nearly double by 2030

The Business Research Company says the internet of energy market will grow from $175.67 billion in 2025 to $204.65 billion in 2026, then reach $379.99 billion by 2030. The report points to 5G, IoT growth, edge computing and digital grid management as the main forces behind the expansion.

Why it matters: - The internet of energy market is becoming a core layer of the digital energy transition. - Faster growth in connected devices, grid digitization and low-latency applications is raising demand for systems that can balance power more efficiently. - The market outlook points to expanding opportunities for utilities, energy-tech vendors and infrastructure providers.

What happened: - The Business Research Company released a 2026 report on the internet of energy market. - The market is projected to rise from $175.67 billion in 2025 to $204.65 billion in 2026. - The report forecasts the market will reach $379.99 billion by 2030. - The projected 2025-2026 growth rate is 16.5%. - The projected 2026-2030 growth rate is 16.7%.

The details: - The report says past growth has been supported by rising broadband penetration, telecom network expansion, higher mobile data use, early fiber deployments and increased cloud and data center traffic. - Future growth is tied to the rollout of 5G infrastructure, more IoT-connected devices, government digital-connectivity programs, demand for low-latency applications and the expansion of edge computing networks. - The report identifies decentralized electricity generation, transactive energy trading platforms, virtual power plant aggregation, peer-to-peer energy exchanges and grid balancing markets as emerging trends. - The internet of energy combines digital technologies, IoT and data networks to optimize electricity generation, distribution and management. - The model supports two-way communication between energy producers and consumers. - The system is designed to improve efficiency, reliability and renewable-energy integration. - The report says widespread adoption of IoT devices is a major catalyst for market growth. - IoT devices can collect, exchange and act on data autonomously through embedded sensors and internet connectivity. - Rising automation needs across homes, industries and cities are accelerating IoT adoption. - The expanding IoT base is increasing demand for real-time monitoring and control, which can improve efficiency and reduce manual intervention. - The European Commission reported in July 2025 that installed IoT-connected devices reached about 40 billion in 2023 and are forecast to hit 49 billion by 2026. - That European Commission forecast implies annual growth of 7%. - In 2025, North America held the largest share of the internet of energy market. - Europe is expected to be the fastest-growing region over the forecast period. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America and the Middle East and Africa. - The report includes market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspot infographics, and updated graphics and tables. - The report also adds key technologies and future trend analysis. - Readers can download a free sample of the report and view the full market report.

Between the lines: - The report frames the internet of energy as part of a broader shift from centralized power systems to more distributed and software-managed energy networks. - The combination of IoT growth and grid modernization suggests the market is being pulled by both consumer-device proliferation and utility-side infrastructure needs. - Europe’s expected growth leadership may reflect policy support for digital connectivity and energy system flexibility.

What's next: - The market is likely to keep expanding as 5G, edge computing and connected devices deepen the need for real-time energy orchestration. - Transactive energy and peer-to-peer exchange models could move from emerging concepts to larger-scale deployment if regulation and infrastructure catch up. - Regional competition will likely center on where grid digitization, renewable integration and device density advance fastest.

The bottom line: - The internet of energy market is moving from an emerging concept to a large-scale infrastructure story, with digital connectivity now a major driver of power-system growth.