A reliable, secure, and economical communication solution for utilities is closely linked with efficient, fast, and dependable infrastructure, which helps utilities attain lower operating costs, high energy conservation, and fewer customer complaints.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Utility Communications
Market Research Report:
Forecast to 2023

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Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary
The global utility communications market is predicted to touch USD 23,699.9 million at 15.50% CAGR over the
estimated years (2018-2023). Utility communication is used to measure network performance, deliver information in
real-time and monitor and control the grid equipment. Today various forms of utility communication technologies are
used in oil and gas utilities as well as transmission and distribution networks such as mesh, microwave and radio
communication, WiMax, ethernet, power line carrier, fiber optics and more.
There are ample factors that are boosting the growth of the utility communications market. These factors as stated
by the Market Research Future (MRFR) report include the growing use of mobile devices and smart grids, strict
regulatory needs for power utilities, modification in the billing practice in the power utility companies, and changing
utility billing system. On the contrary, high initial investments and less capital accessible with some small utilities for
adopting advanced communication technologies are factors that may deter utility communications market growth
over the estimated years
Competitive Landscape
Leading players profiled in the global utility communications market include General Electric (US), Black & Veatch
Holding Company (US), Digi International, Inc. (US), Itron Inc. (US), Motorola Solutions, Inc (US), Siemens
(Germany), Schneider Electric (France), Trilliant Incorporated (US), RAD (Israel), Landis+Gyr (Switzerland),
Ericsson (Sweden), ABB (Switzerland) and others.
Market Segmentation
MRFR report offers a wide segmental analysis of the utility communications market on the basis of technology and
utility type.
Based on technology, the utility communications market is segmented into wireless technology and wired technology.
Of these, wired technology will have the largest share in the market over the estimated years. It is predicted to touch
USD 15,023.4 million by 2023.
Based on utility type, the utility communications market is segmented into private utility and public utility. Of these,
the public utility will domineer the market over the estimated years and is expected to touch USD 17, 654.0 million
at 15.44% CAGR by 2023.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023
Regional Analysis
By region, the utility communications market covers growth opportunities and latest trends across the Middle East
and Africa, North America, South America, Europe and the Asia Pacific. Of these, Asia Pacific will have precedence
over others in the market over the estimated years. It is likely to touch USD 8501.1 million at 16.44% CAGR. The
factors that are driving the market growth here include growing investments in transmission and distribution, and
increasing investment as well as the expansion of key competitors in the market. In March 2018, Schneider Electric
in France opened in Singapore their East Asia and Japan headquarters. This unit is likely to aid in the utility
communication products’ production and distribution in the APAC region to develop solutions for utilities that will offer
products and solutions such as industrial and metering automation solutions for utilities, energy management, and
electrical systems and equipment. The region’s strategic developments will boost up the utility communication
products’ demand in the APAC region that is predicted to fuel the utility communication market.
The utility communications market in Europe will have the second major share over the estimated years. This region
has the latest technological innovations in the utility communication network, significant investments, and effective
digital global economy. Cohesion and the European Regional Development Fund invested for ICT about 22.42 billion
during the period 2014-2020. Also, an additional investment of about USD 280.13 billion is predicted during the
period 2014-2020 that will propel the demand for the utility communication market. The market in this region recorded
USD 2903.3 million in 2018 and is predicted to scale as well as surpass USD 5895.5 million at 15.12% CAGR over
the estimated years.
China is the chief contributor in the APAC region, having a value of USD 1012.6 million in 2018 and predicted to
surpass USD 2649.2 million at 17.39% CAGR over the estimated years. As per the 2017 report of World Energy
Outlook, growing investment for T&D network and power plants worth USD 35.7 billion and USD 15.3 billion will
boost the market growth in China. Thus, an increase in the utilization of industrial automation in utilities coupled with
smart grid investments will push the demand for utility communication products.
Industry Updates:
May 2019- Loveland’s new broadband utility will be called Pulse. By the beginning of 2020, customers of this
broadband utility will experience the pulse of this high-speed internet.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.