![]() ![]() ![]() Socomec is a global manufacturer of electrical equipment for conversion, switching, monitoring and measurement it also provides energy storage systems designed to reduce energy costs, improve the resilience of the electricity grid, and facilitate access to electricity. ![]() Power Technology spoke to Mauro Frizziero, IoT Program Marketing Manager at Socomec, and Patrick Fenner, co-founder and head of engineering at DefProc Engineering, to garner insights on the impact of IoT on the sector, and the possible trajectory for the future. Download the full report to get ahead of the competition. Our report also covers:Īccording to GlobalData figures, global IoT revenue in the energy sector will reach $59 billion by 2025, up from $34 billion in 2019. Ensure your company is proactive in adapting strategies and processes to help you remain competitive. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. GlobalData’s IoT in Power Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. The Internet of Things (IoT), billed as a key part of the next industrial revolution, can significantly transform the power sector by optimizing operations, managing asset performance, and engaging customers to lower energy costs. These included spiking energy costs, transitioning to renewables, and safeguarding assets against extreme weather conditions. In 2021, the power sector faced significant challenges across the entire value chain. ![]()
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