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.
Access Full Report at: https://www.marketresearchfuture.com/reports/utility-communications-market-2973
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.
About Market Research Future:
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.
Read
more:
No comments:
Post a Comment