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 Utility
Communications Market Analysis 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.
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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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