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Utility Communication Market Worth 15.45 Billion USD by 2021


News provided by

MarketsandMarkets

22 Mar, 2017, 15:30 GMT

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PUNE, India, March 22, 2017 /PRNewswire/ --

The report "Utility Communication Market, by Technology Type (Wireless (RF Mesh, Mobile Network), and Wired (Power Line Carrier, Optic Fiber, Ethernet), Utility Type, and Oilfield Communications (Network Type) - Global Forecast To 2021", published by MarketsandMarkets, the market is expected to grow from an estimated USD 7.50 Billion in 2016 to USD 15.45 Billion by 2021, registering a CAGR of 15.55%, from 2016 to 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 60 market data Tables and 38 Figures spread across 154 Pages and an in-depth TOC of the "Utility Communication Market"

http://www.marketsandmarkets.com/Market-Reports/utility-communication-market-79991490.html

Early buyers will receive 10% customization on this report. 

The global market is set to witness significant growth due to the increasing use of smart grids and mobile devices, modification in billing practices in power utility companies, and stringent regulatory requirements for power utilities.

The power line carrier (PLC) technology subsegment, within the wired technology segment, is expected to hold the largest share of the Utility Communication Market, by technology, during the forecast period. 

The power line carrier (PLC) technology subsegment, within the wired technology segment, led the Utility Communication Market in 2016, and is projected to dominate the market during the forecast period. The segment is expected to grow at the fastest rate during the forecast period. This segment is primarily driven by the increasing number of smart cities projects around the globe. This is expected to create new revenue pockets for the Utility Communication Market during the forecast period. PLC is a communication technology that is capable of being used with the existing electrical infrastructure. This technology plays a critical role in modern communication networks as it transmits electrical data at a faster rate through T&D systems.

Download PDF Brochure - http://www.marketsandmarkets.com/pdfdownload.asp?id=79991490

The RF mesh technology subsegment, within the wireless technology segment, is expected to hold the largest share of the Utility Communication Market, by technology, during the forecast period. 

The RF mesh technology subsegment, within the wireless technology segment, led the Utility Communication Market in 2016, and is projected to dominate the market during the forecast period. The segment is expected to grow at the fastest rate during the forecast period. This segment is primarily driven by the modernization of ageing infrastructure in developed countries. The growing number of smart grid projects in developing economies, such as China, Japan, Australia, and India, is expected to create new revenue pockets for the Utility Communication Market during the forecast period.

Asia-Pacific: The leading market for utility communication 

In this report, the Utility Communication Market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the global Utility Communication Market, given an increase in the number of smart grid and smart cities projects in countries such as Australia, India, China, Japan, and South Korea.

Make an Inquiry -http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=79991490

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Utility Communication Market. These players include ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric (France), General Electric (U.S.), and Ericsson (Sweden). The leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.

Scope of the report

This study estimates the global market for utility communication, in terms of USD, till 2021. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the Utility Communication Market.

Browse Related Reports: 

Power Line Carrier Communication Market by Technology (Broadband & Narrowband), Application (Smart Grid & Indoor Networking), & PoE Controller Market by Type (PSE & PD), Application (Connectivity, Security, & LED Lighting), Geography - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/power-line-communication-plc-market-912.html

Industrial Ethernet Market by Offering (Hardware, Software, and Services), Protocol (EtherNet/IP, PROFINET, Modbus TCP, POWERLINK, CC-Link IE, EtherCAT, and Sercos III), End-User Industry, and Geography - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/industrial-ethernet-market-198318524.html

About MarketsandMarkets 

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. For more information, please visit www.marketsandmarkets.com

Contact:
Mr. Rohan
MarketsandMarkets
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Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

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Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

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