The global utility communication market can attain a strong growth rate of 15.50% during the forecast period (2018-2023), notes Market Research Future (MRFR). Utility Communication Market Report by Technology [Wired (PLC, Optic Fibre, and Ethernet) & Wireless (RF Mesh and Mobile Network)], Utility Type (Public and Private), Region (North America, Europe, & Asia-Pacific) - Forecast till 2023

The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. The utility communication is the groundwork for two-way communication between the utility and the end-users through all the data points deployed across the network. Utility communication helps monitor and control grid equipment, measures electric network performance, and delivers information in real-time to control centers. The attention to utility communications due to an increase in investments by utilities in modernizing their network in order to meet the demand for reliable power are projected to drive the utility communication market in the coming years. A detailed analysis report of COVID-19 impact on Utility Communication Market Size is provided with the report.

Global Utility Communications Market Segmentation

The worldwide market for utility communication has been segmented with respect to technology and utility type.

Considering the technology segment, the utility communication market consists of wired and wireless technologies.

In terms of the utility type, the utility communication market includes private utility and public utility. The communication technology across the globe has noted several breakthroughs, which is prompting public utilities to work on upgrading their technologies to expand their share in the market. In addition, public utilities have gained prominence in the market since they receive subsidies, favorable policies, and funds from the government to provide services and amenities like electricity, water, sewage treatment, and transportation to the public.

Regional Insight

The geographical distribution of the utility communication market includes Asia Pacific (APAC), Middle East & Africa, North America, South America, and Europe.

APAC happens to be the top-performing market for utility communications, with its value estimated at USD 3,953.4 million in 2018. The market can touch a valuation of USD 8501.1 million by 2023 and can even achieve an impressive growth rate of 16.44% during the review period.

Europe comes second in the global utility communication market, thanks to substantial investments along with the latest technological advancements in utility communication network.

Leading Players

The top players enlisted in the MRFR report that are shaping the global utility communications market include Schneider Electric (France), Landis+Gyr (Switzerland), RAD (Israel), Black & Veatch Holding Company (US), ABB (Switzerland), Siemens (Germany), Itron Inc. (US), Digi International, Inc. (US), Trilliant Incorporated (US), Ericsson (Sweden), General Electric (US), Motorola Solutions, Inc (US), to mention a few.

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