Utility Communication Market, By Technology, By Component, By Utility Type, By Application, By Geography

Description

The utility communication market is estimated to be valued at USD 23.09 Bn in 2024 and is expected to reach USD 33.86 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 23.09 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	5.60%	2030/2031 Value Projection:	US$ 33.86 Bn

Utility Communication Market Share (%), By Region, 2024

The utility communication market involves technologies and services that enable effective communication between utilities and their consumers. Utilities rely on smart communication networks to remotely monitor infrastructure, obtain real-time demand data, and provide services like automated meter reading. Advanced communication capabilities allow for improved demand response, greater efficiency, and enhanced reliability of water, electricity, and gas distribution networks. The growing adoption of smart grid and smart city initiatives by utilities globally is a major driver for investments in utility communication technologies. Two-way communication between utilities and end users enables better management of electricity demand and supply balancing. Emerging technologies like NarrowBand-Internet of Things (NB-IoT) and LPWANs (Low-Power Wide-Area Networks) also provide low-cost connectivity options for utilities to deploy smart meters and sensors for remote asset monitoring.

Market Dynamics:

The utility communication market is driven by factors such as the rising need for grid modernization, emphasis on renewable energy integration, and the deployment of smart infrastructure for water and gas networks. However, high capital requirements for deploying communication networks and interoperability challenges pose challenges to market growth. Emerging technologies provide new opportunities by enabling affordable and widespread connectivity solutions. NB-IoT and LPWA networks can support a large number of connections at low costs making them suitable for implementing smart utility applications. Developing economies also present an increased focus on smart grids and smart cities which will further expand the customer base for utility communication market players globally.

Key Features of the Study:

This report provides an in-depth analysis of the global utility communication market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global utility communication market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include General Electric, Cisco Systems, Inc., Hitachi, Ltd., Schneider Electric SE., Motorola Solutions, Inc., Itron Inc., Milsoft Utility Solutions, ABB, RAD, OMICRON, Siemens, FUJITSU , Landis+Gyr, Sensus, Telefonaktiebolaget LM Ericsson, ZTE Communications, Nokia, Ribbon Communications Operating Company, Inc., RAD, and Valiant Communications.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global utility communication market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global utility communication market.

Market Segmentation

By Technology
- Wired
- Wireless
By Component
- Software
- Hardware
- Services
By Utility Type
- Public
- Private
By Application
- Oil and Gas
- Power Generation
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- General Electric
- Cisco Systems, Inc.
- Hitachi, Ltd.
- Schneider Electric SE.
- Motorola Solutions, Inc.
- Itron Inc.
- Milsoft Utility Solutions
- ABB
- RAD
- OMICRON
- Siemens
- FUJITSU
- Landis+Gyr
- Sensus
- Telefonaktiebolaget LM Ericsson
- ZTE Communications
- Nokia
- Ribbon Communications Operating Company, Inc.
- RAD
- Valiant Communications

Product Code: CMI6724

1. Research Objectives and Assumptions

Research Objectives
Assumptions

2. Market Overview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Technology
- Market Snapshot, By Component
- Market Snapshot, By Utility Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Market Scenario - Conservative, Like, Opportunistic
Market Opportunity Map

3. Market Dynamics and Trend Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Pest Analysis
Porters Analysis
Regulatory Scenario
COVID-19 Impact Analysis
Absolute Dollar Opportunity Analysis & BPS analysis
Value Chain Analysis
Market Attractiveness, By Country
Market Attractiveness, By Market Segment
Key Developments & Deals
Technology Trends
Trend Analysis - Historic and Future Trend Assessment
Key Developments

4. Global Utility Communication Market, By Technology, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Wired, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Wireless, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

5. Global Utility Communication Market, By Component, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Software, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Hardware, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Services, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

6. Global Utility Communication Market, By Utility Type, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Public, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Private, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

7. Global Utility Communication Market, By Application, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031
- Market Y-o-Y Growth Comparison (%), 2019 - 2031
- Segment Trends
Oil and Gas, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Power Generation, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)
Others, 2019 - 2031(US$ Billion)
- Introduction
- Market Size and Forecast, 2019 - 2031, (US$ Billion)

8. Global Utility Communication Market, By Region, 2019 - 2031 (US$ Billion)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, (US$ Billion)
- Market Y-o-Y Growth Comparison (%), 2024 - 2031, (US$ Billion)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Utility Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Utility Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
U.K.
Germany
Italy
France
Spain
Russia
Rest Of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Utility Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
China
India
Japan
Australia
South Korea
Asean
Rest Of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Utility Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
GCC
Israel
Rest Of Middle East & Africa
Latin America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Utility Type, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Billion)
Brazil
Mexico
Argentina
Rest of Latin America

9. Company Profiles - Global Utility Communication Market

General Electric
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
Cisco Systems, Inc.
Hitachi, Ltd.
Schneider Electric SE.
Motorola Solutions, Inc.
Itron Inc.
Milsoft Utility Solutions
ABB
RAD
OMICRON
Siemens
FUJITSU
Landis+Gyr
Sensus
Telefonaktiebolaget LM Ericsson
ZTE Communications
Nokia
Ribbon Communications Operating Company, Inc.
RAD
Valiant Communications

10. References and Research Methodology

References
Research Methodology
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