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Utility Communication Market 2023 : By Size, Share, Trends, Growth And Regional Outlook 2032 | Schneider Electric, Siemens AG, General Electric, DIGI International Inc., ZTE Corporation
Utility Communication Market Research
As per the utility communication market report by The Business Research Company, Rising demand for smart grids is expected to propel the growth of the utility communication market going forward. A smart grid is an electrical grid integrated with automation, communication, and information technology systems that can monitor power flows from points of supply to consumption and regulate the power flow or limit the load in real-time to match the supply.
The global utility communication market is expected to grow from $19.04 billion in 2022 to $20.94 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The utility communication market is expected to grow to $30.82 billion in 2027 at a CAGR of 10.1%.
Read More On The Utility Communication Market Report Here:
https://www.thebusinessresearchcompany.com/report/utility-communication-global-market-report
Major competitors in the Utility Communication market include Schneider Electric, Siemens AG, General Electric, DIGI International Inc., ZTE Corporation, Cisco Systems Inc., Black & Veatch Holdings Company, Valiant Communications, ABB Limited, Omicron Electronics GmbH, Hitachi Energy Limited, Motorola Solutions Inc., Telefonaktiebolaget LM Ericsson, Milsoft Utility Solutions, Honeywell Internationals Inc., Rockwell Automations Inc., Texas instruments, and Power Systems Engineering.
The Utility Communication market is segmented -
By Technology: Wired, Wireless
By Utility: Public, Private
By Components: Hardware, Software
By Application: Transmission and Distribution, Oil and Gas
By End-User: Residential, Commercial, Industrial
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Utility Communication market.
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Utility communications are the processes involved in setting up two-way communications between the utility and end users across all networked data points that have been deployed. These networks improve transmission reliability and resilience by providing real-time situational information and controlling it.
The Table Of Content For The Utility Communication Market Include:
1. Executive Summary
2. Utility Communication Market Characteristics
3. Utility Communication Market Trends And Strategies
4. Utility Communication Market - Macro Economic Scenario
5. Utility Communication Market Size And Growth
……
26. Africa Utility Communication Market
27. Utility Communication Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Utility Communication Market
29. Utility Communication Market Future Outlook and Potential Analysis
30. Appendix
The "Global Utility Communication Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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