Internet of Things (IoT) - Global Adoption and Market Opportunity

April 2017

Faurecia Digital automotive factory is now in operations  Jan 2017)
https://www.automationworld.com/digital-automotive-factory-arrives



Verizon
State of the Internet Market 2016 Report
http://www.verizonenterprise.com/verizon-insights/state-of-market-internet-of-things/2016/

Feb 2016

The Internet of Things (IoT) in smart cities market is estimated to grow from USD 51.96 Billion in 2015 to USD 147.51 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 23.2% during the forecast period.

IoT in smart cities refers to the modern human settlements with smarter utilization and deployment of available resources. IoT in smart cities can be correlated with economic stability and wise usage of natural resources to provide smart investments in human and social capital, along with transportation and modern communication infrastructures and a high quality of life to the citizens. The increasing adoption of IoT is driving this market; the IoT platforms segment is expected to grow higher than the IoT solutions segment during the forecast period. Presently, North America is the largest market for IoT in smart cities platform.

http://www.marketsandmarkets.com/Market-Reports/iot-smart-cities-market-215714954.html


Dec 2015
Cisco Predicts Global IoT Market will be $14.4 trillion by 2022

Break up
Improved Customer Experience:  $3.7 trillion
Reduced Time to Market:               3.0 trillion  (Will it lead to reduced cost?)
Supply chain Logistics:                  2.7 trillion (Supply chain cost reduction)
Reduced costs:                                2.5 trillion (reduction in costs)
Increased employee productivity:   2.5 trillion (virtual reality etc.)
http://www.forbes.com/sites/louiscolumbus/2015/12/27/roundup-of-internet-of-things-forecasts-and-market-estimates-2015/#6484c8f048a0

Healthcare Internet of Things Market to Reach $163B by 2020
by Staff Writer 10/27/2015
The global healthcare Internet of Things (IoT) market is expected to grow from $32 billion in 2015 to $163. billion by 2020, at a Compound Annual Growth Rate (CAGR) of 38.1%, according to a new market report by MarketandMarkets.
http://www.marketsandmarkets.com/Market-Reports/iot-healthcare-market-160082804.html
http://hitconsultant.net/2015/10/27/healthcare-internet-of-things-market-to-reach-163b-by-2020/

02 Jun 2015
Explosive Internet of Things Spending to Reach $1.7 Trillion in 2020, According to IDC

The worldwide Internet of Things market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020 with a compound annual growth rate (CAGR) of 16.9%.
http://www.idc.com/getdoc.jsp?containerId=prUS25658015

Updated 10 April 2017
Started on 14 April 2016

Smart Transformers

Smart Transformers Market worth $2,185.8 Million in 2020

The report "Smart Transformers Market by Type (Power, Distribution, Specialty, and Instrument), Application (Smart Grid, Traction Locomotive, Electric Vehicle Charging, and Others) & by Region - Global Trends & Forecast to 2020” defines and segments the smart transformer market with analysis of value, market share of leading players, and forecast for future trends. It also identifies the driving forces, restraining factors, and challenges for the market, highlighting the latest trends, and identifying opportunities.
http://www.marketsandmarkets.com/PressReleases/smart-transformers.asp





Smart transformers combine current competitive technology with data acquisition for monitoring power transformer critical parameters, ultimately maximizing employees’ productivity while minimizing expenses. Additionally, smart transformers integrated into Smart Grid-enabling software systems can reroute power when a transformer is sending out a distress signal or nearing the end of life.



2014a
Transformers with inbuilt monitoring functions are being produced.  Also more sophisticated monitoring technology is being developed. Current high-end solutions include multiple intelligent electronic devices (IEDs) covering different aspects of the transformer. Using these, the asset owner can monitor the behavior of the transformer core, windings, oil, tap changer and bushings.

Monitoring improves the reliability of the assets by constantly keeping a watchful eye on the most critical transformer components.

Compared to traditional transformer diagnostic methods, which are performed onsite with the transformer de-energized, monitoring gives the asset owner access to real-time condition information, even from remote locations. When changes in conditions are detected, the operator is notified immediately.

ABB Paper on Smart Transformers
https://library.e.abb.com/public/86a7c452adf92c51c1257ab8003ba6c0/52-57%20sr111_72dpi.pdf

Industrial Engineering in Electical Engineering

http://goo.gl/dSIfe

Industrial Engineering in Chemical Engineering

http://goo.gl/XGoj4