Utility Communication Market 2019 Share, Business Challenges, Future Challenges and Forecast 2023 | MRFR

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.      

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Industry Segmentation

Global Utility Communication Market has been segmented based on technology, utility type, and region.

Based on technology, the market is classified into Type (Wireless (RF Mesh, Mobile Network), and Wired (Power Line Carrier, Optic Fiber, Ethernet). Wired technology segment is leading the market, whereas wireless technology is expected to witness the highest growth rate as this technology enables distribution automation improvement for the smart grid. Moreover, the usability and ease of installation that come with wireless technology brings many different options to employ communications needs.  

Based on utility type, the utility communication market is segmented into public utility and private utility. The public utility segment is estimated to dominate the market during the forecast period due to a smaller number of private utilities as compared to public utilities. Especially in the developing countries, the electricity supply is managed by public and private utility. Although, the share of public utility is more but private utilities are more likely to grow in the coming years.

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Regional Outlook

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.

Key Players

The key players of 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.

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