Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Utility Communication Market Size Worth $35,138.1 Million, Globally, by 2027 at 16.3% CAGR - Exclusive Report by The Insight Partners

This image opens in the lightbox

News provided by

The Insight Partners

24 Jan, 2022, 11:30 GMT

Share this article

Share toX

Share this article

Share toX

The Utility Communication Market Size, Growth driven by escalating demand for personalized communication networks due to modifications in billing process, increased use of smart grids and mobile devices, various initiatives advancing the technological landscape pertaining to the energy sector.

NEW YORK, Jan. 24, 2022 /PRNewswire/ -- According to the new market research report "Utility Communication Market to 2027 - COVID-19 Impact and Global Analysis and Forecasts by Technology (Wired and Wireless); Utility Type (Private Utility and Public Utility)", published by The Insight Partners, the global utility communication market was valued at US$ 10,730.4 million in 2019 and is projected to reach US$ 35,138.1 million by 2027; it is expected to grow at a CAGR of 16.3% during 2020–2027.

Get Exclusive Sample Pages of Utility Communication Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at https://www.theinsightpartners.com/sample/TIPRE00009082/

Report Coverage

Details

Market Size Value in

US$ 10,730.4 Million in 2019

Market Size Value by

US$ 35,138.1 Million by 2027

Growth rate

CAGR of 16.3% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

191

No. Tables

79

No. of Charts & Figures

89

Historical data available

Yes

Segments covered

Technology; Utility Type

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Utility Communication Market: Competitive Landscape and Key Developments

ABB Ltd.; Ericsson; Fujitsu Ltd.; General Electric Company; Honeywell International Inc.; Omicron Electronics GMBH; Rockwell Automation, Inc.; Schneider Electric SE; Siemens AG; and Tejas Networks Ltd. are among the key players in the global utility communication market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

In 2020, Verizon collaborated with Honeywell to help utilities speed up and simplify the deployment of new communication-enabled, intelligent sensors and controls for the smart electric grid. Honeywell would be integrating Verizon's Managed Connectivity LTE solutions into smart meters and other edge devices.

Inquiry Before Buying: https://www.theinsightpartners.com/inquiry/TIPRE00009082/

In 2019, Tejas Networks signed an MoU with Bharat Electronics Limited for using Tejas' optical transmission, access, and data-switching products for domestic and export markets.

Utility communication is a communication network that can ensure continuous transmission of voice, data, and video through LANs and WANs. Digital transformation can be described as the use of technology to enhance company efficiency or scope. Digital technologies and social networks are increasingly being used nowadays to improve interaction between government, corporations, civil society, friends, and family. Some of the most commonly used systems are Ethernet network control and data collection, SCADA and smart grid control. The smart grid infrastructure plays a critical role in the communications business of energy & power utilities. A smart grid influences ICT to converge and enable the flow of real-time information within the power utilities; between the power utilities, suppliers, and partners; and between the power utilities, business, and domestic customers. Smart grids and their implementations rely on a robust, secure, highly ascendable and always available communication networks. Owing to the willingness to improve service efficiency, service providers will also ensure regulatory enforcement and mitigate the detrimental effect of cost-cutting problems. Thus, the utility communications network is the basis for two-way communication through the system to all the data points. It assists in tracking and managing grid equipment, measuring network output, and providing real-time information.

In terms of industrialization, there is a correlation between the energy demands of modern society, the economic realities of the utility sector, and the environmental protection standards. This combination forces a new form of a power system to be developed and introduced. The growing usage of smart grid systems in the utility communications industry is driving the global utility communication market's overall growth rate due to its widespread application in various industries, especially the energy & power industry. The contact network forms the foundation of all logical, smart factories. Hence, ensuring its safe and efficient operation is the prerequisite for the successful realization of the Industry 4.0.  

Speak to Analyst: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00009082/

The lockdown of various plants and factories in China affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of various electronic goods. The most striking effect of COVID-19 in the ICT sector was the cancelation of the Mobile World Congress scheduled to take place in Barcelona in February 2020. Companies such as Apple and Microsoft have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the information and communication technology industry in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.

Smart grids facilitate quicker restoration of electricity after power disturbances, and help reduce management and operational costs of utilities; this ultimately lowers power costs for consumers. Moreover, various initiatives advancing the technological landscape pertaining to the energy sector are likely to drive market growth during the forecast period. The US electrical system announced its "Grid 2030" vision in collaboration with the electric utility industry, equipment suppliers, IT operators, federal and state governments, advocacy organizations, colleges, and national laboratories. This vision encompasses the following aspects related to the power sector: generation, transmission, delivery, storage, and final use. It describes the fundamental problems and obstacles in grid modernization, followed by making recommendations for policymakers and industries to assist them in the development of the electric distribution infrastructure of future, such as utility communications. Mobile network connectivity facilitates the management and tracking of the overall power distribution system operations. It enables contact between smart meters and utilities through nodes. The mobile network connectivity also supports the introduction of smart metering systems across a vast area network. Mobile networking or cellular network technologies include communication technologies such as 3G, WiMAX, and LTE. Thus, with the increased use and demand for smart grids and mobile devices, the need for utility communication channels is also increasing.

Buy Premium Copy of Utility Communication Market Size, Share, Revenue, Strategic Insights and Forecasts 2020-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00009082/ 

Utility Communication Market: Technology

The global utility communication market, based on technology, is segmented into wired and wireless. The wired segment held the largest market share in 2019. Wired network is used to relay different types of electrical signals from one end to the other. Using T1 thread, cable modem, or by some other means, often in wired networks, an internet connection is established. Using a wired network definition, the connection is shared between multiple devices. Power Line Carrier (PLC) communication has gained confidence due to its robustness in access, efficiency, and security with the advancement in its technologies led by PRIME PLC over the past decade, and the latest development of PRIME 1.4 technology.

Browse Adjoining Reports:

Smart Utilities Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Deployment Type (Cloud-Based, Web-Based); Product Type (Advance Metering Infrastructure (AMI), Smart Grid Distribution Management, Smart Grid Network Management, Grid Asset Management, Substation Automation, Billing and Customer Information System) and Geography

Metering ICs Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Function (Apparent Energy (kVA), Active Energy (kWh), RMS Energy, Reactive Energy (kVAR)); Type (Single-Channel, Multi-Channel); Application (Industrial, Smart Appliances, Smart Homes, Others) and Geography

Energy and Utility Analytics Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Software and Service), By Deployment Model (On-Premise, Cloud and Hybrid), By Application (Load Forecasting, Customer Analytics, Grid Analytics, Asset Management, Smart Meter Analytics, Others), and By Verticals (Oil & Gas, Renewable Energy, Nuclear Power, Electricity, and Water, Others)

Advanced Metering Infrastructure Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Device (Smart Meters, Communication Infrastructure, Home Area Networks (HANS), In-home Display Units); Solution (MDM, Meter Data Analytics, AMI Security Meter, Communication Infrastructure); Service (System Integration, Meter Deployment, Program Management and Consulting) and Geography

Smart Grid Sensors Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Sensor Type (Voltage and Current Sensor, Temperature Sensor, and Others), Voltage Range (Low to Medium Voltage and High Voltage), and Application (Substation Automation, Advanced Metering Infrastructure, Smart Grid Distribution Network, and Others)

Metering Pumps Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Type (Diaphragm, Piston/Plunger, Others ); End-Use Industry (Water and Wastewater Treatment , Petrochemicals, Oil and Gas , Chemical Processing , Pharmaceuticals , Food and Beverage , Pulp and Paper , Others) and Geography

Smart Gas Meter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Automated Meter Reading (AMR), Advanced Metering Infrastructure); Type (Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter); Component (Hardware, Software); End User (Residential, Commercial, Industrial) and Geography

Digital Water Solutions Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Solution (Hardware, Software, Services); Technology (Metering and Customer Management, Network Management, Work and Asset Management, Others) and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com 
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/utility-communication-market
More Research: https://www.openpr.com/news/archive/139407/The-Insight-Partners.html

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg  

Modal title

Also from this source

Transformer Services Market Size to Surpass USD 8.23 billion by 2031, at a CAGR of 6.9%, Experiences Growth Due to Increasing Demand for Electricity Across | The Insight Partners

Transformer Services Market Size to Surpass USD 8.23 billion by 2031, at a CAGR of 6.9%, Experiences Growth Due to Increasing Demand for Electricity Across | The Insight Partners

According to a new comprehensive report from The Insight Partners, the global Transformer Services Market is observing significant growth owing to...

Smart Infrastructure Market Size Projected to Hit USD 2,745.9 Billion at an 18.3% CAGR by 2031

Smart Infrastructure Market Size Projected to Hit USD 2,745.9 Billion at an 18.3% CAGR by 2031

According to a new comprehensive report from The Insight Partners, the global smart infrastructure market is observing significant growth owing to...

More Releases From This Source

Explore

Utilities

Utilities

Computer & Electronics

Computer & Electronics

Telecommunications Industry

Telecommunications Industry

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.