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. 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.
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)
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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Full Report at: https://www.marketresearchfuture.com/reports/utility-communications-market-2973
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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