Utility Communication Market
Utility Communication Market Size, Share & Trends Analysis Report, By Technology Type (Wired and Wireless), By Utility Type (Public and Private), By Application (Oil & Gas Utilities, Transmission & Distribution, and Others), By End-User (Residential, Industrial, and Commercial), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
utility communication market is anticipated to grow at a CAGR of 4.5% during the forecast period. Electricity network modernization along with the growing investment in smart grids is driving the global utility communication market. For instance, in June 2022, Tenaga Nasional Bhd (TNB) invested nearly $113.8 million to strengthen the electricity supply in Penang. The project would bring a direct connection of electricity supply from the national grid to Penang through overhead line transmission from the mainland to maintain the island’s electricity supply. The project is part of TNB’s ongoing investment in developing and modernizing the national grid into a stable and reliable smart grid in meeting the country’s energy transition needs.
The emerging trend of communication digitalization in oilfields; and government plans to encourage the implementation of smart grid technologies are further contributing to the market growth. In June 2022, MariApps Marine Solutions (MariApps), a maritime-focused digital solutions company entered into a joint venture agreement with Rawabi Energy Ltd. (Rawabi Energy) in the Kingdom of Saudi Arabia. With this MariApps will be able to bring its expertise to the region, with a focus on meeting the oil & gas and offshore industry’s digitalization needs. Therefore, the growing digitalization of oil fields is further expected to drive the growth of the global utility communication market. High initial investments along with high maintenance cost are some major restraints of the market growth.
Segmental Outlook
The global utility communication market is segmented by technology type, utility type, application and end-user. The market segmentation based on the technology type includes wired and non-wired. Among technology type, non-wired is estimated to grow with the fastest CAGR during the forecast period. Based on utility type, the market is segmented into public and private. Based on application, the market is sub-segmented into oil & gas utilities, transmission & distribution, and others. Based on end-user, the market is segmented into residential, industrial, and commercial.
Commercial Segment is Expected to Exhibit Highest CAGR in the Global Utility Communication Market
Based on end-user, the market is segmented into residential, industrial, and commercial. Based on end-user, the commercial segment is anticipated to exhibit the highest CAGR during the forecast period. The rapid expansion and development of commercial facilities, such as office buildings, stores, municipal buildings, data centers, schools, hospitals, gymnasiums, and warehouses amongst others have driven the demand for utility communication in the commercial segment. Utility communication technologies enable commercial buildings to keep energy costs on the lower side through efficient power consumption monitoring and peak load management. Therefore, the commercial segment is anticipated to exhibit the highest CAGR during the forecast period.
Regional Outlook
The global utility communication market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America holds a prominent share in the global utility communication market. The increased adoption of advanced and novel technologies and increased investments by the regional governments in the power industry is a key factors driving the regional market growth. Some of the prominent projects concerning the establishment of smart grids include gridSMART Phase 2, AEP Ohio wanted to implement phase 2, which includes the provision for advanced metering solutions.
Global Utility Communication Market Growth, by Region 2022-2028
Asia-Pacific is Anticipated to Exhibit Significant CAGR During the Forecast Period
Asia-Pacific region holds significant potential to exhibit significant CAGR in the global utility communication market during the forecast period. The rapid up-gradation of the ageing power infrastructure in emerging economies along with the incorporation of utility communications systems in the grid to enable real-time monitoring, reduce outages, monitor consumption, and integrate renewable power sources in the grid has been driving the regional market growth.
Market Players Outlook
The major companies operating in the global utility communication market include Siemens AG, Schneider Electric SE, ABB Ltd., and Motorola Solutions Inc. The companies are focusing on technology advancements, expansions, mergers and acquisitions, and finding a new market or innovation in their core competency to expand individual market share. For instance, in September 2020, Hitachi ABB Power Grids introduced its new wireless communication solution with the launch of the next-generation Tropos TRO600 portfolio. The new TRO600 series builds on the Tropos foundation of high availability, proven reliability, IP standards-based security, high throughput and low latency products. The solutions help to future-proof mission-critical operations in industrial and utility environments.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global utility communication market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Utility Communication Market
• Recovery Scenario of Global Utility Communication Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Utility Communication Market, By Technology Type
4.1.1. Wired Utility Communication
4.1.2. Non-Wired Utility Communication
4.2. Global Utility Communication Market, By Utility Type
4.2.1. Public Utility Communication
4.2.2. Private Utility Communication
4.3. Global Utility Communication Market, By Application
4.3.1. Oil & Gas Utilities
4.3.2. Transmission & Distribution
4.3.3. Others
4.4. Global Utility Communication Market, By End-User
4.4.1. Residential
4.4.2. Commercial
4.4.3. Industrial
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ABB Ltd.
6.2. Black & Veatch Holding
6.3. Cisco Systems, Inc.
6.4. DIGI International Inc.
6.5. FUJITSU Corp.
6.6. General Electric
6.7. Itron Inc.
6.8. Milsoft Utility Solution, Inc.
6.9. Motorola Solutions, Inc.
6.10. Nokia Group
6.11. Power System Engineering, Inc.
6.12. Schneider Electric
6.13. Sensus (Xylem)
6.14. Siemens AG
6.15. Telefonaktiebolaget LM Ericsson
6.16. Texas Instruments Inc.
6.17. Valiant Communications
6.18. ZTE Corp.
1. GLOBAL UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2. GLOBAL WIRED UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NON-WIRED UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY UTILITY TYPE, 2021-2028 ($ MILLION)
5. GLOBAL PUBLIC UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PRIVATE UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL UTILITY COMMUNICATION FOR OIL & GAS UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL UTILITY COMMUNICATION FOR TRANSMISSION & DISTRIBUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL UTILITY COMMUNICATION FOR OTHER UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
12. GLOBAL RESIDENTIAL UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL COMMERCIAL UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL INDUSTRIAL UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. NORTH AMERICAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY UTILITY TYPE, 2021-2028 ($ MILLION)
19. NORTH AMERICAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. NORTH AMERICAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21. EUROPEAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
23. EUROPEAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY UTILITY TYPE, 2021-2028 ($ MILLION)
24. EUROPEAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. EUROPEAN UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY UTILITY TYPE, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
31. REST OF THE WORLD UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
32. REST OF THE WORLD UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
33. REST OF THE WORLD UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY UTILITY TYPE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
35. REST OF THE WORLD UTILITY COMMUNICATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL UTILITY COMMUNICATION MARKET SHARE BY TECHNOLOGY, 2021 VS 2028(%)
2. GLOBAL UTILITY COMMUNICATION MARKET SHARE BY UTILITY TYPE, 2021 VS 2028(%)
3. GLOBAL UTILITY COMMUNICATION MARKET SHARE BY APPLICATION, 2021 VS 2028(%)
4. GLOBAL UTILITY COMMUNICATION MARKET SHARE BY END-USER, 2021 VS 2028(%)
5. GLOBAL UTILITY COMMUNICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028(%)
6. GLOBAL WIRED UTILITY COMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028(%)
7. GLOBAL NON-WIRED UTILITY COMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028(%)
8. GLOBAL PUBLIC UTILITY COMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028(%)
9. GLOBAL PRIVATE UTILITY COMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028(%)
10. GLOBAL UTILITY COMMUNICATION FOR OIL & GAS UTILITIES MARKET SHARE BY REGION, 2021 VS 2028(%)
11. GLOBAL UTILITY COMMUNICATION FOR TRANSMISSION & DISTRIBUTION MARKET SHARE BY REGION, 2021 VS 2028(%)
12. GLOBAL UTILITY COMMUNICATION FOR OTHER UTILITIES MARKET SHARE BY REGION, 2021 VS 2028(%)
13. GLOBAL RESIDENTIAL UTILITY COMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028(%)
14. GLOBAL COMMERCIAL UTILITY COMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028(%)
15. GLOBAL INDUSTRIAL UTILITY COMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028(%)
16. US UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
18. UK UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD UTILITY COMMUNICATION MARKET SIZE, 2021-2028 ($ MILLION)
