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Global Utility Communication Market Report By Technology Type (Wired, Wireless), By Utility Type (Public, Private) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028
ID:VMR11215377
June 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Utility Communication Market Overview
The key driver impacting the Utility communication market is the growing investment in smart grids project and the modernization of electricity. For instance, in n 2009, the U.S. Department of Energy (DOE) started the Smart Grid Investment Grant (SGIG) program, which was funded by $3.4 billion and invested via the American Recovery and Reinvestment Act of 2009 (ARRA). It is done to upgrade the electricity system of the nation. SGIG program represents an investment of about $8 billion in the nation’s electricity delivery systems. There is a growing focus on improving grid reliability, increasing operating efficiency, and reducing outage length, leading to high demand for utility communication systems across the globe. Moreover, rising renewable resource generation and smart cities projects globally contribute to Utility communication market demand later.
The execution of advanced metering infrastructure (AMI), which comprises installing smart meters and electronic devices that facilitate data transfer and two-way communication between utilities and end-users, will likely augment the need for Utility communication in the forecast period. As per the official website of the European Union, nearly 225 million smart meters for electricity will be released in the EU by 2024. Also, by the end of 2024, it is anticipated that roughly 77% of European consumers will be going to have a smart meter for electricity. This is positively impacting market growth in the coming years. However, high upfront costs for grid technology solution installation and maintenance hinder the market in the long run. In addition, the lack of standards and interoperability of different IT protocols and components is negatively impacting the market growth. Nevertheless, the high number of new smart city projects in developing countries and the growing focus towards replacing old communication systems with superior communication networks might provide massive market opportunities to the market's key players.
The Utility communication market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. The key players taken in the report are General Electric, Cisco Systems, Inc., Siemens AG, Milsoft Utility Solutions, Inc., ABB, Ltd., Motorola Solutions, Inc., Schneider Electric SE, RAD Data Communications Ltd, and Omicron Electronics GmbH.
In this research report, the Utility Communication market is segmented by technology type, utility type, and region.
Analysis by Technology Type:
By technology type, the report is segmented into Wired and Wireless. The Wired segment dominates the technology type segment with the highest share in 2020. The wired segment is further divided into Ethernet, optic fiber, SONET/SDH, powerline, MPLS-TP, and carrier MPLS-IP. It is because optic fiber and ethernet are the most favored medium for networking in utility communication. Moreover, wired technology type higher bandwidth support and speed, which helps provide high performance, reliability, and improved coverage contributing to the remarketing and value recovery segment's growth in the forecast period.
Analysis by Utility Type:
By utility type, the report is segmented into Public and Private. The servers segment dominates the utility type segment with the highest share in 2020. It is because the public utility policies, programs, and practices provide services at a reasonable price and serve the local community's priorities in a better way. Moreover, the huge investment of capital in Public utility is more considered a form of fixed assets that contribute to the public utility segment's growth in the forecast period.
Analysis by Region:
In the regional outlook of the global Utility Communication market, the North American region dominated with the largest market share in 2020. It is due to the high adoption rate of utility communication solutions in North America compared with other regions. Moreover, huge investment in smart grid projects and high implementation of advanced metering infrastructure (AMI) in the U.S. contribute contribute to the tremendous market demand across North America.
Market Segmentation covered in the Report:
By Technology Type:
By Utility Type:
By Region
The key driver impacting the Utility communication market is the growing investment in smart grids project and the modernization of electricity. For instance, in n 2009, the U.S. Department of Energy (DOE) started the Smart Grid Investment Grant (SGIG) program, which was funded by $3.4 billion and invested via the American Recovery and Reinvestment Act of 2009 (ARRA). It is done to upgrade the electricity system of the nation. SGIG program represents an investment of about $8 billion in the nation’s electricity delivery systems. There is a growing focus on improving grid reliability, increasing operating efficiency, and reducing outage length, leading to high demand for utility communication systems across the globe. Moreover, rising renewable resource generation and smart cities projects globally contribute to Utility communication market demand later.
According to Value Market Research, the global Utility Communication market size was valued at about USD 18 billion in 2021 and is expected to grow at a CAGR of around 5% during the forecast period 2021 to 2027.
The execution of advanced metering infrastructure (AMI), which comprises installing smart meters and electronic devices that facilitate data transfer and two-way communication between utilities and end-users, will likely augment the need for Utility communication in the forecast period. As per the official website of the European Union, nearly 225 million smart meters for electricity will be released in the EU by 2024. Also, by the end of 2024, it is anticipated that roughly 77% of European consumers will be going to have a smart meter for electricity. This is positively impacting market growth in the coming years. However, high upfront costs for grid technology solution installation and maintenance hinder the market in the long run. In addition, the lack of standards and interoperability of different IT protocols and components is negatively impacting the market growth. Nevertheless, the high number of new smart city projects in developing countries and the growing focus towards replacing old communication systems with superior communication networks might provide massive market opportunities to the market's key players.
The Utility communication market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. The key players taken in the report are General Electric, Cisco Systems, Inc., Siemens AG, Milsoft Utility Solutions, Inc., ABB, Ltd., Motorola Solutions, Inc., Schneider Electric SE, RAD Data Communications Ltd, and Omicron Electronics GmbH.
In this research report, the Utility Communication market is segmented by technology type, utility type, and region.
Analysis by Technology Type:
By technology type, the report is segmented into Wired and Wireless. The Wired segment dominates the technology type segment with the highest share in 2020. The wired segment is further divided into Ethernet, optic fiber, SONET/SDH, powerline, MPLS-TP, and carrier MPLS-IP. It is because optic fiber and ethernet are the most favored medium for networking in utility communication. Moreover, wired technology type higher bandwidth support and speed, which helps provide high performance, reliability, and improved coverage contributing to the remarketing and value recovery segment's growth in the forecast period.
Analysis by Utility Type:
By utility type, the report is segmented into Public and Private. The servers segment dominates the utility type segment with the highest share in 2020. It is because the public utility policies, programs, and practices provide services at a reasonable price and serve the local community's priorities in a better way. Moreover, the huge investment of capital in Public utility is more considered a form of fixed assets that contribute to the public utility segment's growth in the forecast period.
Analysis by Region:
In the regional outlook of the global Utility Communication market, the North American region dominated with the largest market share in 2020. It is due to the high adoption rate of utility communication solutions in North America compared with other regions. Moreover, huge investment in smart grid projects and high implementation of advanced metering infrastructure (AMI) in the U.S. contribute contribute to the tremendous market demand across North America.
Market Segmentation covered in the Report:
By Technology Type:
- Wired
- Wireless
By Utility Type:
- Public
- Private
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . UTILITY COMMUNICATION – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Technology Type
3.7.2 By Utility Type
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL UTILITY COMMUNICATION MARKET ANALYSIS BY TECHNOLOGY TYPE
6.1 Overview by Technology Type
6.2 Historical and Forecast Data
6.3 Analysis by Technology Type
6.4 Wired Market by Regions
6.6 Wireless Market by Regions
7 . GLOBAL UTILITY COMMUNICATION MARKET ANALYSIS BY UTILITY TYPE
7.1 Overview by Utility Type
7.2 Historical and Forecast Data
7.3 Analysis by Utility Type
7.4 Public Market by Regions
7.5 Private Market by Regions
8 . GLOBAL UTILITY COMMUNICATION MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE UTILITY COMMUNICATION COMPANIES
9.1. Utility Communication Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF UTILITY COMMUNICATION INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. General Electric
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. Cisco Systems, Inc.
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Siemens AG
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. Milsoft Utility Solutions, Inc.
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. ABB, Ltd.
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. Motorola Solutions, Inc.
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. Schneider Electric SE
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. RAD Data Communications Ltd
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. Omicron Electronics GmbH.
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Technology Type (USD MN)
- Wired Market by Geography (USD MN)
- Wireless Market by Geography (USD MN)
- Analysis Market by Utility Type (USD MN)
- Public Market by Geography (USD MN)
- Private Market by Geography (USD MN)
- Global Utility Communication Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Utility Communication Report
- Market Research Process
- Market Research Methodology
- Global Utility Communication Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Technology Type
- Market Attractiveness Analysis by Utility Type
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Technology Type (USD MN)
- Wired Market by Geography (USD MN)
- Wireless Market by Geography (USD MN)
- Global Market Analysis by Utility Type (USD MN)
- Public Market by Geography (USD MN)
- Private Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Related Categories
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments