Utility Communication Market: Individual Growth Trends, Future Expansions, Contribution and Global Forecasts to 2021

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Utility Communication Market worth 15.45 Billion USD by
2021
The report "Utility Commu nication Mark et by Technolo gy Type (Wirel ess (RF Me sh, Mobile Net work), and
Wired (Power Line Carrier, Optic Fiber, Ethernet), Ut ility Type, an d Oilfield Co mmunications (N etwork
Type) - Glo bal Forecast t o 2021 is ex pected to grow from an estim ated USD 7.50 billion in 20 16 to USD
15.45 Billio n by 2021, re gistering a CA GR of 15.55%, from 2016 to 2021. The globa l market is s et to
witness sign ificant growt h due to the in creasing us e of smart gr ids and mobil e devices, mod ification in
billing prac tices in powe r utility compa nies, and str ingent regulat ory requireme nts for power utilities.
Browse 60 ma rket data tab les and 38 fig ures spread th rough 154 page s and in- depth TOC on
"Utility Com munication Mar ket - Globa l Trends & For ecasts to 202 1
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The power li ne carrier (PL C) technology subsegment , within the wi red technolog y segment, is
expected to hold the large st share of th e utility comm unication mar ket, by techno logy, during t he
forecast pe riod.
The power lin e carrier (P LC) technology subsegment, w ithin the wire d technology segment, led t he utility
communicatio n market in 2 016, and is pr ojected to do minate the mar ket during the forecast peri od. The
segment is e xpected to gro w at the faste st rate durin g the forecast period. This segment is pr imarily
driven by th e increasing n umber of smar t cities proje cts around the globe. Th is is expected to create ne w
revenue pock ets for the ut ility communic ation market during the for ecast period. PLC is a comm unication
technology t hat is capabl e of being use d with the exi sting electri cal infrastruc ture. This te chnology play s a
critical rol e in modern c ommunication n etworks as it transmits ele ctrical data a t a faster ra te through T&D
systems.
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The RF mesh t echnology sub segment, withi n the wireless technology s egment, is exp ected to hold
the largest share of the u tility commun ication mar ket, by technol ogy, during th e forecast per iod.
The RF mesh technology su bsegment, withi n the wireless technology s egment, led th e utility
communicatio n market in 2 016, and is p rojected to do minate the mar ket during the forecast per iod. The
segment is e xpected to gro w at the faste st rate durin g the forecast period. This segment is pr imarily
driven by th e modernizatio n of ageing in frastructure in developed c ountries. The growing nu mber of
smart grid p rojects in de veloping econo mies, such as China, Japan, Australia, an d India, is ex pected to
create new r evenue pockets for the utili ty communicati on market dur ing the foreca st period.
Asia-Pacifi c: The leading market for ut ility communic ation
In this repo rt, the utili ty communicatio n market ha s been analyz ed with respec t to six regio ns, namely,
North Americ a, Europe, Asi a-Pacific, L atin America, and the Middl e East & Afric a. Asia-Pa cific is expec ted
to dominate the global uti lity communica tion market, given an incre ase in the nu mber of s mart grid and
smart cities projects in countries such as Australia , India, China , Japan, and S outh Korea.
To enable an in-depth un derstanding of the competiti ve landscape, the report in cludes profile s of some
of the top p layers in the utility commun ication mar ket. These pl ayers include ABB, Ltd. (Swi tzerland),
Siemens AG ( Germany), Schn eider Electric (France), Gen eral Electric (U.S.), and E ricsson (Swed en). The
leading play ers are tryin g to penetrate the markets i n developing e conomies, and are adoptin g various
strategies t o increase the ir market sha re.
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Scope of the report
This study e stimates the g lobal market for utility co mmunication, i n terms of USD, till 20 21. It also of fers a
detailed qua litative and q uantitative a nalysis of the market. The r eport provide s a comprehens ive review
of major mar ket drivers, restraints, op portunities, challenges, wi nning imperati ves, and key issues. It als o
covers vario us important a spects of the market. These include an an alysis of the competitive la ndscape,
market dyna mics, market es timates in ter ms of value, and future tre nds in the uti lity communica tion
market.
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