United States Industrial Utility Communication Market Size, Share, and Forecast 2024-2031: From US$3.1 Billion in 2023 to US$4.9 Billion at 6.0% CAGR, Driven by IPv6 Networks, Wireless Mesh Platforms, and IEC 61850 Digital Substations in US Utilities

Global Industrial Utility Communication Market reached US$ 3.1 billion in 2023 and is expected to reach US$ 4.9 billion by 2031, growing with a CAGR of 6.0% during the forecast period 2024-2031.

According to DataM Intelligence has published a new research report on "Industrial Utility Communication Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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➣ Recent Developments:

United States: Recent Industry Developments - Industrial Utility Communication
✅ August 2025 - U.S. utilities began deploying next-gen IPv6-based communication networks to support real-time monitoring of substations, grid-edge devices, and distributed energy resources.

✅ July 2025 - A leading automation provider launched an upgraded wireless mesh communication platform designed for high-density industrial environments, enabling lower latency and improved cybersecurity.

✅ June 2025 - Several electric utilities adopted IEC 61850 digital substations, integrating advanced communication gateways and automated fault-management systems for improved grid resilience.

Europe: Recent Industry Developments - Industrial Utility Communication
✅ August 2025 - Germany: European utilities adopted TSN (Time-Sensitive Networking) for synchronization across industrial control, enabling deterministic communication for grid automation and industrial IoT.

✅ July 2025 - France: A major telecom-energy collaboration launched secure utility-grade private 5G networks, boosting communication reliability for industrial facilities and renewable energy parks.

✅ June 2025 - Sweden: Utility companies deployed advanced SCADA communication upgrades, integrating cloud-based redundancy, end-to-end encryption, and AI-assisted monitoring.

➣ Market Trends:

Rise of Smart Grids and Substation Automation:
Increasing adoption of smart grid technologies is driving the demand for reliable, high-speed, and secure communication infrastructure.

Convergence of IT and OT:
Integration of IT (Information Technology) with OT (Operational Technology) is a growing trend, enabling better analytics, automation, and decision-making.

Edge Computing Integration:
Deployment of edge devices and local data processing is enhancing communication speed, reducing latency, and improving fault detection.

Investment Analysis:
Public and Private Sector Spending: Utility providers and industrial firms are heavily investing in communication upgrades to support automation and regulatory compliance.

➣ Top Industry Players:

Cisco Systems, Inc, Emerson Electric Co., FUJITSU, General Electric, Hitachi Energy Ltd., Itron Inc, Motorola Solutions, Inc, Nokia, Schneider Electric and Siemens.

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➣ Key Segments:

By Component: Hardware, Software, Services.

By Technology: Wired, Wireless.

By End-User: Power Generation, Renewable Power Generation, AC Transmission, HVDC Transmission, Power Distribution, EV Charging, Oil & Gas, Transportation, Mining, Others.

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