Utility communication Market by Component (Hardware, Software), Application (Oil and Gas Utilities, Transmission and Distribution, Others), End User (Industrial, Commercial, Residential), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028

  • Publish Date: Oct, 2021
  • Report ID: 419738
  • Category: Technology
  • Pages: 223
$4700

The utility communication market is expected to grow from USD 15.6 billion in 2020 to USD 33.4 billion by 2028, at a CAGR of 10% during the forecast period 2021-2028.

The utility communications network is a two-way communication system that connects all the utility's data points. Utilities throughout the world are spending extensively in communications infrastructure to avoid an ecology of fragmented communication networks. Demand response (DR), distribution automation (DA), and advanced metering infrastructure (AMI) are supported by this infrastructure, which is propelled by regulatory requirements, government funding, and the high cost of inefficiently distributing electricity. Communication is becoming ever more vital in the field of utilities as distributed power production and the emergence of smarter grids gain prominence. Utilities are putting in place plans to find a variety of communication solutions to aid in the management of their multi-vendor, multi-technology networks.

The factors driving the market are growing investment in smart grids, upgrading of electrical networks, an emphasis on enhancing grid dependability, boosting operational efficiency, and lowering outage time, and government actions to assist the adoption of smart grid technologies. The factors restraining the market growth are installation and maintenance costs are high, and there are no standards or compatibility. An increase in the number of smart city initiatives, growing adoption of wireless technologies for communication such as 5G, as well as the replacement of outdated communication networks is expected to provide market growth opportunities. Challenges to the market include oil price instability, reduction in demand for oil, disruptions in supply chain due to COVID-19 and risk of cyber-attacks and natural disasters.

This study delivers a comprehensive analysis of component, application, end-user and region. The component segment is segregated into hardware and software. The application segment includes Oil and Gas Utilities, Transmission & distribution and Others. The end-user segment includes industrial, commercial and residential.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific holds the largest market share in the global utility communication market. Power is in short supply in Asia Pacific, which is also the world's most populous region. Countries such as China, Japan, and South Korea are investing extensively in grid expansion projects to increase distribution grid stability and resilience, which is projected to drive demand for utility communication systems and related services in the coming years. Solar and wind-based renewable energy generation objectives have been set by major economies such as China, Japan, and India. According to the Renewable Energy Policy Network (REN21), China accounted for 45 percent of worldwide investment in renewable power production projects in 2017 (approximately USD 126.6 billion), followed by India with USD 10.7 billion. The country's outdated electricity grid is driving investments in infrastructure upgrades. All these expenditures are expected to fuel the Asia Pacific market for utility communication solutions and services.

Some of the notable players in the market are ZTE Corporation, Cisco Systems, Inc., Texas Instruments, Inc., Omicron Electronics Black & Veatch Holding Company, ABB, Ltd., Fujitsu, Schneider Electric, Motorola Solutions, Inc., GMBH, Power System Engineering, Inc., General Electric, Valiant Communications Milsoft Utility Solutions, Inc., Siemens Ag, and DIGI International, Inc. Schneider Electric launched its new EcoStruxure distributed energy resource management system (DERMS) in November 2019, which is a grid-focused solution that provides power while enhancing safety, reliability, and service quality.

Utility communication Market Analysis and Forecast, Component

  • Hardware
  • Software

Utility communication Market Analysis and Forecast, Application

  • Oil and gas utilities
  • Transmission and distribution
  • Others

Utility communication Market Analysis and Forecast, End-User

  • Industrial
  • Commercial
  • Residential

Utility communication Market Analysis and Forecast, Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

Report Description:

  • The base year for the study has been considered 2020, historic year 2018 and 2019, the forecast period considered is from 2021 to 2028.
  • The study delivers a comprehensive analysis of global market for all segments and region
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2021 to 2028.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Component
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By End-User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing investment in modernisation of electricity networks
          5.2.2. Government initiatives to support deployment of technologies
    5.3. Restraints
          5.3.1. High cost of installation and maintenance
          5.3.2. Lack of standards and interoperability
    5.4. Opportunities
          5.4.1. Rise in number of smart city projects
6. Global Utility Communication Market Analysis and Forecast, By Component
    6.1. Segment Overview
    6.2. Hardware
    6.3. Software
7. Global Utility Communication Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Oil and gas utilities
    7.3. Transmission and distribution
    7.4. Others
8. Global Utility Communication Market Analysis and Forecast, By End-User
    8.1. Segment Overview
    8.2. Industrial
    8.3. Commercial
    8.4. Residential
9. Global Utility Communication Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
10. Global Utility Communication Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Utility Communication Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Operations Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions
11. Company Profiles
    11.1. ABB
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Operations Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. ZTE Corporation
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Operations Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Cisco Systems
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Operations Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Texas Instruments
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Operations Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Fujitsu
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Operations Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Motorola Solutions
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Operations Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Schneider Electric
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Operations Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Power System Engineering, Inc.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Operations Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. GMBH
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Operations Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. General Electric
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Operations Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Utility Communication Market, By Component, 2018-2028 (USD Billion)

2. Global Hardware, Utility Communication Market, By Region, 2018-2028 (USD Billion) 

3. Global Software, Utility Communication Market, By Region, 2018-2028 (USD Billion)

4. Global Utility Communication Market, By Application, 2018-2028 (USD Billion)

5. Global Oil and Gar utilities, Utility Communication Market, By Region, 2018-2028 (USD Billion)

6. Global Transmission and distribution, Utility Communication Market, By Region, 2018-2028 (USD Billion)

7. Global Other, Utility Communication Market, By Region, 2018-2028 (USD Billion)

8. Global Utility Communication Market, By End-User, 2018-2028 (USD Billion)

9. Global Industrial, Utility Communication Market, By Region, 2018-2028 (USD Billion)

10. Global Commercial, Utility Communication Market, By Region, 2018-2028 (USD Billion)

11. Global Residential, Utility Communication Market, By Region, 2018-2028 (USD Billion) 

12. North America Utility Communication Market, By Component, 2018-2028 (USD Billion)

13. North America Utility Communication Market, By Application, 2018-2028 (USD Billion)

14. North America Utility Communication Market, By End-User, 2018-2028 (USD Billion)

15. U.S. Utility Communication Market, By Component, 2018-2028 (USD Billion)

16. U.S. Utility Communication Market, By Application, 2018-2028 (USD Billion)

17. U.S. Utility Communication Market, By End-User, 2018-2028 (USD Billion)

18. Canada Utility Communication Market, By Component, 2018-2028 (USD Billion)

19. Canada Utility Communication Market, By Application, 2018-2028 (USD Billion)

20. Canada Utility Communication Market, By End-User, 2018-2028 (USD Billion)

21. Mexico Utility Communication Market, By Component, 2018-2028 (USD Billion)

22. Mexico Utility Communication Market, By Application, 2018-2028 (USD Billion)

23. Mexico Utility Communication Market, By End-User, 2018-2028 (USD Billion)

24. Europe Utility Communication Market, By Component, 2018-2028 (USD Billion)

25. Europe Utility Communication Market, By Application, 2018-2028 (USD Billion)

26. Europe Utility Communication Market, By End-User, 2018-2028 (USD Billion)

27. Germany Utility Communication Market, By Component, 2018-2028 (USD Billion)

28. Germany Utility Communication Market, By Application, 2018-2028 (USD Billion)

29. Germany Utility Communication Market, By End-User, 2018-2028 (USD Billion)

30. France Utility Communication Market, By Component, 2018-2028 (USD Billion)

31. France Utility Communication Market, By Application, 2018-2028 (USD Billion)

32. France Utility Communication Market, By End-User, 2018-2028 (USD Billion)

33. U.K. Utility Communication Market, By Component, 2018-2028 (USD Billion)

34. U.K. Utility Communication Market, By Application, 2018-2028 (USD Billion)

35. U.K. Utility Communication Market, By End-User, 2018-2028 (USD Billion)

36. Italy Utility Communication Market, By Component, 2018-2028 (USD Billion)

37. Italy Utility Communication Market, By Application, 2018-2028 (USD Billion)

38. Italy Utility Communication Market, By End-User, 2018-2028 (USD Billion)

39. Spain Utility Communication Market, By Component, 2018-2028 (USD Billion)

40. Spain Utility Communication Market, By Application, 2018-2028 (USD Billion)

41. Spain Utility Communication Market, By End-User, 2018-2028 (USD Billion)

42. Asia Pacific Utility Communication Market, By Component, 2018-2028 (USD Billion)

43. Asia Pacific Utility Communication Market, By Application, 2018-2028 (USD Billion)

44. Asia Pacific Utility Communication Market, By End-User, 2018-2028 (USD Billion)

45. Japan Utility Communication Market, By Component, 2018-2028 (USD Billion)

46. Japan Utility Communication Market, By Application, 2018-2028 (USD Billion)

47. Japan Utility Communication Market, By End-User, 2018-2028 (USD Billion)

48. China Utility Communication Market, By Component, 2018-2028 (USD Billion)

49. China Utility Communication Market, By Application, 2018-2028 (USD Billion)

50. China Utility Communication Market, By End-User, 2018-2028 (USD Billion)

51. India Utility Communication Market, By Component, 2018-2028 (USD Billion)

52. India Utility Communication Market, By Application, 2018-2028 (USD Billion)

53. India Utility Communication Market, By End-User, 2018-2028 (USD Billion)

54. South America Utility Communication Market, By Component, 2018-2028 (USD Billion)

55. South America Utility Communication Market, By Application, 2018-2028 (USD Billion)

56. South America Utility Communication Market, By End-User, 2018-2028 (USD Billion)

57. Brazil Utility Communication Market, By Component, 2018-2028 (USD Billion)

58. Brazil Utility Communication Market, By Application, 2018-2028 (USD Billion)

59. Brazil Utility Communication Market, By End-User, 2018-2028 (USD Billion)

60. Middle East and Africa Utility Communication Market, By Component, 2018-2028 (USD Billion)

61. Middle East and Africa Utility Communication Market, By Application, 2018-2028 (USD Billion)

62. Middle East and Africa Utility Communication Market, By End-User, 2018-2028 (USD Billion)

63. UAE Utility Communication Market, By Component, 2018-2028 (USD Billion)

64. UAE Utility Communication Market, By Application, 2018-2028 (USD Billion)

65. UAE Utility Communication Market, By End-User, 2018-2028 (USD Billion)

66. South Africa Utility Communication Market, By Component, 2018-2028 (USD Billion)

67. South Africa Utility Communication Market, By Application, 2018-2028 (USD Billion)

68. South Africa Utility Communication Market, By End-User, 2018-2028 (USD Billion)

List of Figures 

1. Global Utility Communication Market Segmentation

2. Global Utility Communication Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Utility Communication Market Attractiveness Analysis By Component

9. Global Utility Communication Market Attractiveness Analysis By Application 

10. Global Utility Communication Market Attractiveness Analysis By End-User 

11. Global Utility Communication Market Attractiveness Analysis By Region

12. Global Utility Communication Market: Dynamics

13. Global Utility Communication Market Share by Component (2021 & 2028)

14. Global Utility Communication Market Share by Application (2021 & 2028)

15. Global Utility Communication Market Share by End-User (2021 & 2028)

16. Global Utility Communication Market Share by Regions (2021 & 2028)

17. Global Utility Communication Market Share by Company (2020)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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