Utility Communications Market Dynamics, Forecast, Analysis And Global Industry Demand -2023

Market Scenario

Efficient communication is necessary for the functioning of modern power systems. Communication is needed by various operators working in utility communication to exchange information and coordinate action plans. The message is sent from unmanned stations and the data is transferred to various sites through power grid control centers. Messages here require instant delivery for real time functions so as to ensure optimum control and safety of the utility systems.

Powerful and reliable communication processes are extremely vital for the utility industry. Advancement in IT systems and the continuing deregulations of energy markets effectively result in increasing adaptation of intelligent electronic devices. These devices can have significant impact on the utility communication requirements and they ensure secure and flexible communication for the industry.

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The Utility Communications Market is expected to grow by a CAGR of 7.2 % during the forecast period.

Study Objectives of Global Utility Communications Market:

To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global utility communications market

To provide insights about factors affecting the market growth

To analyze the global utility communications market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis

To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

To provide country level analysis of the market with respect to the current market size and future prospective

To provide country level analysis of the market for segments by material type, product, application and region

To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the utility communications market

Regional Analysis

Global Utility Communications Market

Asia-Pacific is expected to dominate the global utility communications market due to high demand for utility communications technologies. Increasing domestic demand for efficient power infrastructure would drive the market for power utility communication. Moreover, rising demand for smart cities and smart grid infrastructure in emerging countries such as India, China and Japan are driving the market towards growth.

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Key Players

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)

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