Global Utility Communication Market Overview:
Utility communication refers to a device which uses a set of technologies to coordinate various parts of a complicated utilities distribution system. The message is sent from unmanned stations and the information is transferred to various sites. Messages here require instant delivery for real-time functions so as to ensure optimum control and safety of the utility systems. Utility communication is expected to grow with a rise in demand for security that the system provides an integration of the service into the company’s existing services. Advancement in IT systems led to the development of automated distribution networks for utilities (power, energy, etc.) for the efficient functioning of modern power systems. Some of the players profiled in the study are Abb, Ltd. (Switzerland), Oracle Corporation (United States), Fujitsu (Japan), Schneider Electric (France), Ericsson (Sweden), Motorola Solutions, Inc. (United States), Black & Veatch Holding Company (United States), Siemens Ag (Germany), General Electric (United States), Rad Data Communications, Ltd. (Israel), Landis+GYR (Switzerland), Digi International, Inc. (United States), Trilliant, Inc. (United States), Comnet Communication Network (United States), Omicron Electronics GmbH (Austria), Milsoft Utility Solutions, Inc. (United States), Itron (United States), Cisco Systems, Inc. (United States) and Texas Instruments, Inc. (United States).
On the basis of geography, the market of Utility Communication has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Utility, the sub-segment i.e. Public Utilities will boost the Utility Communication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Communication Networks, the sub-segment i.e. Cellular Communication Networks will boost the Utility Communication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Wired [Optic Fiber, Power Line Communication, Ethernet and Others] will boost the Utility Communication market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Domestic Demand For Efficient Power Infrastructure
- Rising Demand For Smart Cities And Smart Grid Infrastructure In Emerging Countries
- Seamless Integration Of The Service Into Companies Existing Services
- Emerging Utility Communication in Digitalization and Smart Cities
- Less Capital Available To Adopt Communication Technology
- Demand Stocking for Utility communication systems
- Growth in renewable generation and distributed resources will boost the Utility Communication market
- Technological advancements in the Utility Communication
- Vulnerability to Hackers and Natural Disasters might hamper the Utility Communication Market
Key Market Developments:
On 12th November 2019, Landis+Gyr announced the introduction of its Gridstream® Connect solution for European utilities. Gridstream Connect is an open, secure, and scalable Internet of Things (IoT) platform designed to unlock added value and maximize efficiencies from advanced metering infrastructures (AMI) by bringing together intelligent endpoints, communications, software, and applications.
"Utility providers in the region are focused on the up gradation of power infrastructure through digital technologies such as smart meters and smart grids, among others. The U.S. government launched the Smart Grid Investment Grant (SGIG) program for smart grid development."
Government and Industry Associations, Power Distribution Utilities, State and National Regulatory Authorities, State- Or Government-Owned Corporations, Utility Communication Equipment Manufacturing Companies, Utility Communication Service Providers and Investment and Consulting Firms
Major Objectives Focused through this Study
To define, describe, and forecast the Global Utility Communication market on the basis of product [Wired and Wireless] , application [Cellular Communication Networks, Very Small Aperture Terminal (VSAT) Communication Network, Fiber Optic-Based Communication Network, Microwave Communication Network and Tetra Network], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Utility Communication market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Utility Communication industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Valiant Communications (India), ZTE Corporation (China), Open Systems International (United States) and Power System Engineering, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Utility Communication market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.