Global Utility Communication Market Trends, Growth, Opportunities by 2023

Posted by Anvi on March 6th, 2020

Global Utility Communication Market Analysis:
The Global Utility Communication Market is segmented on the basis of wired communication type that includes power line barrier, optic fibre and Ethernet technologies. Furthermore, wireless communication type also forms a type of utility communication with RF mesh technology and mobile networks. The market is further classified based on the utility type as power generation and transmission, natural gas, water and sewage plants and oilfield communications. The global increase in the investment of smart grids, modification in billing practices and strict regulatory norms are driving the market for utility communications. It is necessary for the communication systems to work under even the worst conditions. As the number of smart grids around the world increases, there is need for more advanced power system control applications. 
Segmental Overview
The market has analyzed the market based on technology type, utility type and end-use in the regions of North America, Europe, APAC and Rest of the World. The segments, on the basis of technology type, include wired communication (Power line carrier, Optic fiber, Ethernet), and Wireless communication (RF Mesh, Mobile Network). The power line carrier (PLC) technology sub segment, within the wired technology segment, is expected to hold the largest share of the utility communication market, by technology, during the forecast period. The RF mesh technology sub segment, within the wireless technology segment, is expected to hold the largest share of the utility communication market, by technology, during the forecast period. On the basis of utility type the segments are Power Generation & Transmission, Natural Gas, Water and Sewage, Oilfield Communications. Whereas, Asia-Pacific has been found to be the largest market for utility communications, closely followed by North America.
Leading Players
We recognize the key players in the global utility communications market as  The key players of global utility communications markets are General Electric (U.S.) , Siemens AG(Germany), ABB, Ltd.( Switzerland), Schneider Electric SE (France) Motorola Solutions, Inc.(U.S.), Omicron Electronics GmbH (Austria), Digi International, Inc.(U.S.), Milsoft Utility Solutions, Inc.(U.S.), Cisco Systems, Inc.(U.S.) and RAD Data Communications Ltd.(Israel)
Scope of the Report
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global utility communications market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Regional Outlook
Region wise, Asia-Pacific held the largest market share of the global utility communication market in 2017. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the increasing power generation capacities, growing manufacturing activities, and urbanization. Europe is expected to be the second largest market during the forecast period due to new technological developments in utility communication network which are the primary driving factors leading the utility communication market in Europe. According to the European Commission, USD 22.42 billion has been funded by the European Regional Development Fund (ERDF) and Cohesion Fund for ICT investments during the period, 2014–2020, with an anticipated additional investment of up to USD 280.13 billion for the period 2014–2020. Increasing investment in ICT would increase the demand for products under utility communication. Therefore, rising investment and moving trend towards digitalization would drive the utility communication market in Europe.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Joined: October 25th, 2019
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