The global utility communication market is segmented on the basis of wired communication type that includes power line barrier, optic fibre and Ethernet technologies. Furthermore, wireless communication type also forms a type of utility communication with RF mesh technology and mobile networks. The market is further classified based on the utility type as power generation and transmission, natural gas, water and sewage plants and oilfield communications. The global increase in the investment of smart grids, modification in billing practices and strict regulatory norms are driving the market for utility communications. It is necessary for the communication systems to work under even the worst conditions. As the number of smart grids around the world increases, there is need for more advanced power system control applications.
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Market Highlights
Utility communication technologies are used in the form of wired and wireless communication technologies. Wireless utility communication technologies include RF mesh and mobile network whereas, wired communication technologies include power line carrier (PLC), optic fiber network, and Ethernet. Utility communication allows smooth and well-regulated transfer of utilities such as power and gas. The installation of smart grids with sophisticated utility communication technology offer benefits to customers and providers, which is pushing market towards growth. The market of utility communication is witnessing significant growth due to the increase in use of smart grids and mobile devices, modification in billing practices in power utility companies and stringent regulatory requirements for power utilities. The rising demand for smart grid systems for the distribution of utilities is the key driver for the global utility communications market.
Prominent Players
We recognize the key players in the global utility communications market as 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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Industry Segmentation
The market has analyzed the market based on technology type, utility type and end-use in the regions of North America, Europe, APAC and Rest of the World. The segments, on the basis of technology type, include wired communication (Power line carrier, Optic fiber, Ethernet), and Wireless communication (RF Mesh, Mobile Network). The power line carrier (PLC) technology sub segment, within the wired technology segment, is expected to hold the largest share of the utility communication market, by technology, during the forecast period. The RF mesh technology sub segment, within the wireless technology segment, is expected to hold the largest share of the utility communication market, by technology, during the forecast period. On the basis of utility type the segments are Power Generation & Transmission, Natural Gas, Water and Sewage, Oilfield Communications. Whereas, Asia-Pacific has been found to be the largest market for utility communications, closely followed by North America.
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