The utility communication market is expected to grow from USD 15.6 billion in 2020 to USD 33.4 billion by 2028, at a CAGR of 10% during the forecast period 2021-2028.
The utility communications network is a two-way communication system that connects all the utility's data points. Utilities throughout the world are spending extensively in communications infrastructure to avoid an ecology of fragmented communication networks. Demand response (DR), distribution automation (DA), and advanced metering infrastructure (AMI) are supported by this infrastructure, which is propelled by regulatory requirements, government funding, and the high cost of inefficiently distributing electricity. Communication is becoming ever more vital in the field of utilities as distributed power production and the emergence of smarter grids gain prominence. Utilities are putting in place plans to find a variety of communication solutions to aid in the management of their multi-vendor, multi-technology networks.
The factors driving the market are growing investment in smart grids, upgrading of electrical networks, an emphasis on enhancing grid dependability, boosting operational efficiency, and lowering outage time, and government actions to assist the adoption of smart grid technologies. The factors restraining the market growth are installation and maintenance costs are high, and there are no standards or compatibility. An increase in the number of smart city initiatives, growing adoption of wireless technologies for communication such as 5G, as well as the replacement of outdated communication networks is expected to provide market growth opportunities. Challenges to the market include oil price instability, reduction in demand for oil, disruptions in supply chain due to COVID-19 and risk of cyber-attacks and natural disasters.
This study delivers a comprehensive analysis of component, application, end-user and region. The component segment is segregated into hardware and software. The application segment includes Oil and Gas Utilities, Transmission & distribution and Others. The end-user segment includes industrial, commercial and residential.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific holds the largest market share in the global utility communication market. Power is in short supply in Asia Pacific, which is also the world's most populous region. Countries such as China, Japan, and South Korea are investing extensively in grid expansion projects to increase distribution grid stability and resilience, which is projected to drive demand for utility communication systems and related services in the coming years. Solar and wind-based renewable energy generation objectives have been set by major economies such as China, Japan, and India. According to the Renewable Energy Policy Network (REN21), China accounted for 45 percent of worldwide investment in renewable power production projects in 2017 (approximately USD 126.6 billion), followed by India with USD 10.7 billion. The country's outdated electricity grid is driving investments in infrastructure upgrades. All these expenditures are expected to fuel the Asia Pacific market for utility communication solutions and services.
Some of the notable players in the market are ZTE Corporation, Cisco Systems, Inc., Texas Instruments, Inc., Omicron Electronics Black & Veatch Holding Company, ABB, Ltd., Fujitsu, Schneider Electric, Motorola Solutions, Inc., GMBH, Power System Engineering, Inc., General Electric, Valiant Communications Milsoft Utility Solutions, Inc., Siemens Ag, and DIGI International, Inc. Schneider Electric launched its new EcoStruxure distributed energy resource management system (DERMS) in November 2019, which is a grid-focused solution that provides power while enhancing safety, reliability, and service quality.
Utility communication Market Analysis and Forecast, Component
Utility communication Market Analysis and Forecast, Application
Utility communication Market Analysis and Forecast, End-User
Utility communication Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing investment in modernisation of electricity networks
5.2.2. Government initiatives to support deployment of technologies
5.3. Restraints
5.3.1. High cost of installation and maintenance
5.3.2. Lack of standards and interoperability
5.4. Opportunities
5.4.1. Rise in number of smart city projects
6. Global Utility Communication Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Hardware
6.3. Software
7. Global Utility Communication Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Oil and gas utilities
7.3. Transmission and distribution
7.4. Others
8. Global Utility Communication Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Industrial
8.3. Commercial
8.4. Residential
9. Global Utility Communication Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Utility Communication Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Utility Communication Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Operations Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. ABB
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Operations Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. ZTE Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Operations Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Cisco Systems
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Operations Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Texas Instruments
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Operations Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Fujitsu
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Operations Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Motorola Solutions
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Operations Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Schneider Electric
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Operations Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Power System Engineering, Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Operations Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. GMBH
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Operations Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. General Electric
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Operations Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Utility Communication Market, By Component, 2018-2028 (USD Billion)
2. Global Hardware, Utility Communication Market, By Region, 2018-2028 (USD Billion)
3. Global Software, Utility Communication Market, By Region, 2018-2028 (USD Billion)
4. Global Utility Communication Market, By Application, 2018-2028 (USD Billion)
5. Global Oil and Gar utilities, Utility Communication Market, By Region, 2018-2028 (USD Billion)
6. Global Transmission and distribution, Utility Communication Market, By Region, 2018-2028 (USD Billion)
7. Global Other, Utility Communication Market, By Region, 2018-2028 (USD Billion)
8. Global Utility Communication Market, By End-User, 2018-2028 (USD Billion)
9. Global Industrial, Utility Communication Market, By Region, 2018-2028 (USD Billion)
10. Global Commercial, Utility Communication Market, By Region, 2018-2028 (USD Billion)
11. Global Residential, Utility Communication Market, By Region, 2018-2028 (USD Billion)
12. North America Utility Communication Market, By Component, 2018-2028 (USD Billion)
13. North America Utility Communication Market, By Application, 2018-2028 (USD Billion)
14. North America Utility Communication Market, By End-User, 2018-2028 (USD Billion)
15. U.S. Utility Communication Market, By Component, 2018-2028 (USD Billion)
16. U.S. Utility Communication Market, By Application, 2018-2028 (USD Billion)
17. U.S. Utility Communication Market, By End-User, 2018-2028 (USD Billion)
18. Canada Utility Communication Market, By Component, 2018-2028 (USD Billion)
19. Canada Utility Communication Market, By Application, 2018-2028 (USD Billion)
20. Canada Utility Communication Market, By End-User, 2018-2028 (USD Billion)
21. Mexico Utility Communication Market, By Component, 2018-2028 (USD Billion)
22. Mexico Utility Communication Market, By Application, 2018-2028 (USD Billion)
23. Mexico Utility Communication Market, By End-User, 2018-2028 (USD Billion)
24. Europe Utility Communication Market, By Component, 2018-2028 (USD Billion)
25. Europe Utility Communication Market, By Application, 2018-2028 (USD Billion)
26. Europe Utility Communication Market, By End-User, 2018-2028 (USD Billion)
27. Germany Utility Communication Market, By Component, 2018-2028 (USD Billion)
28. Germany Utility Communication Market, By Application, 2018-2028 (USD Billion)
29. Germany Utility Communication Market, By End-User, 2018-2028 (USD Billion)
30. France Utility Communication Market, By Component, 2018-2028 (USD Billion)
31. France Utility Communication Market, By Application, 2018-2028 (USD Billion)
32. France Utility Communication Market, By End-User, 2018-2028 (USD Billion)
33. U.K. Utility Communication Market, By Component, 2018-2028 (USD Billion)
34. U.K. Utility Communication Market, By Application, 2018-2028 (USD Billion)
35. U.K. Utility Communication Market, By End-User, 2018-2028 (USD Billion)
36. Italy Utility Communication Market, By Component, 2018-2028 (USD Billion)
37. Italy Utility Communication Market, By Application, 2018-2028 (USD Billion)
38. Italy Utility Communication Market, By End-User, 2018-2028 (USD Billion)
39. Spain Utility Communication Market, By Component, 2018-2028 (USD Billion)
40. Spain Utility Communication Market, By Application, 2018-2028 (USD Billion)
41. Spain Utility Communication Market, By End-User, 2018-2028 (USD Billion)
42. Asia Pacific Utility Communication Market, By Component, 2018-2028 (USD Billion)
43. Asia Pacific Utility Communication Market, By Application, 2018-2028 (USD Billion)
44. Asia Pacific Utility Communication Market, By End-User, 2018-2028 (USD Billion)
45. Japan Utility Communication Market, By Component, 2018-2028 (USD Billion)
46. Japan Utility Communication Market, By Application, 2018-2028 (USD Billion)
47. Japan Utility Communication Market, By End-User, 2018-2028 (USD Billion)
48. China Utility Communication Market, By Component, 2018-2028 (USD Billion)
49. China Utility Communication Market, By Application, 2018-2028 (USD Billion)
50. China Utility Communication Market, By End-User, 2018-2028 (USD Billion)
51. India Utility Communication Market, By Component, 2018-2028 (USD Billion)
52. India Utility Communication Market, By Application, 2018-2028 (USD Billion)
53. India Utility Communication Market, By End-User, 2018-2028 (USD Billion)
54. South America Utility Communication Market, By Component, 2018-2028 (USD Billion)
55. South America Utility Communication Market, By Application, 2018-2028 (USD Billion)
56. South America Utility Communication Market, By End-User, 2018-2028 (USD Billion)
57. Brazil Utility Communication Market, By Component, 2018-2028 (USD Billion)
58. Brazil Utility Communication Market, By Application, 2018-2028 (USD Billion)
59. Brazil Utility Communication Market, By End-User, 2018-2028 (USD Billion)
60. Middle East and Africa Utility Communication Market, By Component, 2018-2028 (USD Billion)
61. Middle East and Africa Utility Communication Market, By Application, 2018-2028 (USD Billion)
62. Middle East and Africa Utility Communication Market, By End-User, 2018-2028 (USD Billion)
63. UAE Utility Communication Market, By Component, 2018-2028 (USD Billion)
64. UAE Utility Communication Market, By Application, 2018-2028 (USD Billion)
65. UAE Utility Communication Market, By End-User, 2018-2028 (USD Billion)
66. South Africa Utility Communication Market, By Component, 2018-2028 (USD Billion)
67. South Africa Utility Communication Market, By Application, 2018-2028 (USD Billion)
68. South Africa Utility Communication Market, By End-User, 2018-2028 (USD Billion)
List of Figures
1. Global Utility Communication Market Segmentation
2. Global Utility Communication Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Utility Communication Market Attractiveness Analysis By Component
9. Global Utility Communication Market Attractiveness Analysis By Application
10. Global Utility Communication Market Attractiveness Analysis By End-User
11. Global Utility Communication Market Attractiveness Analysis By Region
12. Global Utility Communication Market: Dynamics
13. Global Utility Communication Market Share by Component (2021 & 2028)
14. Global Utility Communication Market Share by Application (2021 & 2028)
15. Global Utility Communication Market Share by End-User (2021 & 2028)
16. Global Utility Communication Market Share by Regions (2021 & 2028)
17. Global Utility Communication Market Share by Company (2020)
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