Global Utility Communications Market By Technology, By Utility, By Component, By Application, By Region: Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2023 – 2031
- Industry: Energy & Power
- Report ID: TNR-110-941
- Number of Pages: 420
- Table/Charts : Yes
- November, 2023
- Base Year : 2024
- No. of Companies : 13+
- No. of Countries : 29
- Views : 10204
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Global Utility Communications Market was valued at US$ 20.2 Billion in 2022, growing at an estimated CAGR of 5.8% from 2023-2031.
Utility communications involve the exchange of data and information within utility infrastructures, such as electricity, water, and gas networks. It enables real-time monitoring, control, and management, enhancing efficiency, reliability, and safety. Utility communications often utilize technologies like smart meters and IoT to optimize operations and deliver seamless services.
In the global utility communications market, wired technology maintains its dominance due to its historical reliability and established infrastructure. However, wireless technology is exhibiting the highest growth rate. Industry observations indicate a significant uptick in the adoption of wireless utility communication solutions, driven by the increasing deployment of Internet of Things (IoT) devices. While wireless technology offers flexibility and scalability, wired solutions remain prominent in scenarios where stability and security are critical, particularly in essential infrastructure settings.
Global Utility Communications Market Revenue & Forecast, (US$ Million), 2015 – 2031
COVID-19 Impact Analysis on Global Utility Communications Market
Before COVID-19, the utility communications market was steadily evolving with a growing demand for smart grids and IoT solutions, driving technological advancements. Post-COVID-19, the market saw an accelerated adoption of digital technologies to ensure operational continuity amidst restrictions. Remote monitoring, real-time data exchange, and enhanced communication solutions gained prominence, further propelling the utility communications sector’s growth.
Reliable communication networks in the utilities sector help in responding swiftly to outages, optimize resource allocation, and enhance overall operational efficiency. Security is paramount to protect against cyber threats and ensure data integrity. With the increasing complexity of utility infrastructure, the demand for advanced communication solutions rises to meet the challenges, fostering innovation and investments in this sector to maintain the reliability and resilience of critical services. One significant restraint in the utility communications market is the prevalent security concerns. Instances of cyberattacks targeting utility infrastructure have seen a notable increase. These attacks not only disrupt services but also jeopardize sensitive data, posing substantial risks to critical infrastructure. Notably, the Stuxnet attack targeting Iran’s nuclear facilities underscored vulnerabilities in utility systems. Implementing robust cybersecurity measures becomes imperative to shield against potential breaches and ensure the resilience of utility communication networks.
In the global utility communications market, the transmission & distribution application segment dominates due to its critical role in managing power grids and ensuring reliable energy distribution. This sector has often invested in communication technologies to optimize grid operations.
North America dominated the global utility communications market in 2022 due to its advanced technological infrastructure and early adoption of smart grid solutions. The region’s well-established utility sector and regulatory framework have encouraged significant investments in communication technologies for efficient energy management and distribution.
Competitive Landscape
The report provides both, qualitative and quantitative research of global utility communications market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
Some of the players operating in the global utility communications market are
- Black & Veatch Holding Company
- Digi International Inc.
- Fujitsu
- General Electric
- Hitachi Energy Ltd.
- Itron Inc.
- Landis+Gyr
- Motorola Solutions, Inc.
- Nokia
- Ribbon Communications Operating Company, Inc.
- Schneider Electric
- Sensus, A Xylem Brand
- Siemens
- Telefonaktiebolaget LM Ericsson
- Other Industry Participants
Report Summary of Global Utility Communications Market
Report Specifications | Details |
Market Revenue in 2022 | US$ 20.2 Billion |
Market Size Forecast by 2031 | US$ 34.37 Billion |
Growth Rate (CAGR) | 5.8% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Technology, By Utility, By Component, By Application |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | Black & Veatch Holding Company, Digi International Inc., Fujitsu, General Electric, Hitachi Energy Ltd., Itron Inc., Landis+Gyr, Motorola Solutions, Inc., Nokia, Ribbon Communications Operating Company, Inc., Schneider Electric, Sensus, A Xylem Brand, Siemens, Telefonaktiebolaget LM Ericsson, Other Industry Participants |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
Japan (Toll-Free): – +81 663-386-8111 South Korea (Toll-Free): – +82-808- 703-126 Saudi Arabia (Toll-Free): – +966 800 850 1643 United States: +1 302-232-5106 United Kingdom: +447537105080 E-mail: askanexpert@thenicheresearch.com
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Global Utility Communications Market:
By Technology
- Wired
-
- Fiber Optic
- Ethernet
- Power Line Carrier (PLC)
- Synchronous Optical Networking/Synchronous Digital Hierarchy (SONET/SDH)
- Multi-Protocol Label Switching (MPLS)
- Others
- Wireless
-
- Radio Frequency (RF) Mesh
- Mobile Network
- Microwave and Radio Communication
- Others
By Utility
- Public
- Private
By Component
- Hardware
- Software
By Application
- Transmission & Distribution
- Oil & Gas Utilities
- Others
By End User
- Residential
- Commercial
- Industrial
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Report Coverage and Deliverables:
Table of Contents
**Exclusive for Multi-User and Enterprise User.
Global Utility Communications Market Segmentation
By Technology
By Utility
By Component
By Application
By End User
By Region
**Note: The report covers cross-segmentation analysis by region further into countries
Global Utility Communications Market Segmentation
By Technology
By Utility
By Component
By Application
By End User
By Region
**Note: The report covers cross-segmentation analysis by region further into countries