Leveraging IoT for Industrial Energy Productivity: Evidence from European Firms

Peter Claeys, Gonzalo Gómez-Bengoechea, Juan Jung, Wouter van der Wielen and Christoph Weiss

33rd European Regional ITS Conference, Edinburgh, 2025: Digital innovation and transformation in uncertain times from International Telecommunications Society (ITS)

Abstract: This article analyzes if the Internet of Things (IoT) can contribute to increasing energy productivity across firms that adopt this technology. The empirical analysis is based on a sample of more than 8,000 firms from various sectors across 26 European countries, surveyed by the European Investment Bank across the years 2022 and 2023. Methodologically, we combine two-way fixed-effects models (TWFE), differences-in-differences and matching methods. Our results indicate significant effects of IoT on energy productivity, although these effects seem to be concentrated among manufacturing/construction sectors and medium/big firms only. Our findings suggest that digital technologies such as IoT can potentially play a key role in energy transitions toward more sustainable economies.

Keywords: Internet of Things; Digitization; Energy productivity; Energy efficiency (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-eec, nep-eff, nep-eur, nep-ict, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:itse25:331263

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