Utility Communication Market Size to Grow at a CAGR of 3.50% till 2023 | with Power System Engineering, Open Systems International, ZTE, Valiant Communications, Texas Instruments, Cisco Systems, Trilliant, Rad Data Communications, Schneider Electric

The global Utility Communication Market is expected to grow at ~3.50 % CAGR during the forecast period. Increasing smart grid implementation and mobile devices and modification in billing practices within utilities companies are some of the factors driving the utility communication market. Asia-Pacific is expected to dominate the utility communication market owing to extensive implementation of communication technologies in smart grid and various upcoming smart cities projects. Smart meter is one of the important communication technologies used in the smart grid and has become a popular choice among the Asian utilities. For instance, Japan and South Korea have projects for smart meter installations.

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Prominent Players:

The key players of the global Utility Communication Market are Power System Engineering, Inc, Open Systems International, ZTE Corporation, Valiant Communications, Texas Instruments, Inc., Cisco Systems, Trilliant, Inc, Digi International, Inc., Rad Data Communications, Ltd., Black & Veatch Holding Company, Landis+GYR, Fujitsu, Ericsson, Motorola Solutions, Inc, Siemens AG, General Electric, Schneider Electric, and ABB, Ltd., among others.

Market Highlights

Utility communication is a system which facilitates smart grid to be digitalized for two-way communication. The main objective of utility communication is to update the electricity infrastructure and make it more advanced by integrating advanced communication technologies. The two-way communication is facilitated with the help of various wired as well as wireless communication technologies such as RF mesh, power line carrier (PLC), and optic fiber, among others. There are elements attached to utility communication which are an integral part of any utility communication system. The major driving factor for utility communication market is the need to support capacity demands for smart grid and smart utility projects.

Segmental Analysis:

By Technology Type
• Wireless Technology
o RF Mesh
o Microwave & Radio Communication
o Mobile Network
o Others
• Wired Technology
o Ethernet
o Power Line Carrier (PLC)
o Optic Fiber
o Others

By Utility Type
• Public Utility
• Private Utility

By Region
• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• South Africa

Asia Pacific accounts for the largest market share in the utility communication market

Region wise, Asia Pacific held the largest market share of the global utility communication market in 2017. Due to technological advancements in several industries in countries such as China, India, and Japan, among others will drive the market for utility communication system.

Table of Contents

1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued…..

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