Utility Communications Market By Technology (Wired, Wireless), By Utility (Public, Private), By Component (Hardware, Software), By Application (Oil and Gas, Power Generation, Others), By End-use (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2024-2033
The utility communications market was valued at $27.7 billion in 2023, and is estimated to reach $47.3 billion by 2033, growing at a CAGR of 5.5% from 2024 to 2033.
Utility communications refer to the specialized communication systems and processes used by utility companies to manage their operations, monitor infrastructure, and ensure efficient service delivery. These communications include both internal and external interactions within the utility company and with its customers. Reliable utility communications contribute to improved safety and security in utility operations. Effective communication networks enable quick response and coordination during emergencies, enabling utilities to promptly address safety hazards, inform the public about potential risks, and work collaboratively with emergency response agencies. In addition, secure communication systems protect sensitive customer data and prevent unauthorized access to utility infrastructure.
Technological advancement is expected to offer lucrative market growth opportunities in the coming years. Utility communications enable real-time monitoring and control of DERs. By establishing communication links between the DERs and utility control centers, utilities gather data on energy generation, consumption, and storage from distributed resources. This data helps utilities manage the operation of DERs, optimize grid performance, and balance supply and demand. Further, DERs, particularly intermittent renewable energy sources such as solar and wind, introduce fluctuations in power supply. Utility communications assist in monitoring the output of DERs, enabling utilities to manage and stabilize the grid by adjusting generation or implementing storage solutions. Effective communication networks support grid stability and ensure consistent power quality.
DERs participate in demand response programs, allowing utilities to manage electricity demand during peak periods. Utility communications facilitate real-time communication between utilities and DER owners, enabling load shedding or shifting based on grid conditions or price signals. Communication networks play a crucial role in coordinating demand response actions and optimizing load management. Thus, surge in adoption of distributed energy resources (DERs), such as rooftop solar panels, wind turbines, and energy storage systems, has a significant impact on the utility communications industry.
The utility communications market is segmented on the basis of technology, utility, component, application, end-use, and region. By technology, the market is categorized into wired and wireless. By utility, the market is divided into public and private. By component, the market is bifurcated into hardware and software. By application, the market is classified into oil & gas, power generation, and others. By end-use, the utility communications market is classified into residential, commercial, and industrial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report covers strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the utility communications market include General Electric, Omicron, Hitachi, Ltd., Rad, Schneider Electric SE, Cisco Systems, Inc., ABB, Milsoft Utility Solutions, Motorola Solutions, Inc., Itron Inc. In addition, the market drivers, restraints, and opportunities are explained in the report.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the utility communications market analysis from 2023 to 2033 to identify the prevailing utility communications market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the utility communications market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global utility communications market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
Wired
Wireless
By Utility
Public
Private
By Component
Hardware
Software
By Application
Oil and Gas
Power Generation
Others
By End-use
Residential
Commercial
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
ABB
Cisco Systems, Inc.
General Electric Company
Hitachi, Ltd.
Itron Inc.
Milsoft Utility Solutions
Motorola Solutions, Inc.
OMICRON
Rad
Schneider Electric
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- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in demand for smart grid infrastructure
- 3.4.1.2. Surge in adoption of distributed energy resources (DERs)
- 3.4.2. Restraints
- 3.4.2.1. Vulnerability to cybersecurity threats
- 3.4.3. Opportunities
- 3.4.3.1. Technological advancement
- 3.5. Value Chain Analysis
- 3.6. Patent Landscape
- 3.7. Key Regulation Analysis
- 3.8. Comparative Analysis of Utilities
- CHAPTER 4: UTILITY COMMUNICATIONS MARKET, BY TECHNOLOGY
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Wired
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Wireless
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- CHAPTER 5: UTILITY COMMUNICATIONS MARKET, BY UTILITY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Public
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Private
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- CHAPTER 6: UTILITY COMMUNICATIONS MARKET, BY COMPONENT
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Hardware
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Software
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- CHAPTER 7: UTILITY COMMUNICATIONS MARKET, BY APPLICATION
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Oil and Gas
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Power Generation
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Others
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- CHAPTER 8: UTILITY COMMUNICATIONS MARKET, BY END-USE
- 8.1. Overview
- 8.1.1. Market size and forecast
- 8.2. Residential
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by region
- 8.2.3. Market share analysis by country
- 8.3. Commercial
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by region
- 8.3.3. Market share analysis by country
- 8.4. Industrial
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by region
- 8.4.3. Market share analysis by country
- CHAPTER 9: UTILITY COMMUNICATIONS MARKET, BY REGION
- 9.1. Overview
- 9.1.1. Market size and forecast By Region
- 9.2. North America
- 9.2.1. Key market trends, growth factors and opportunities
- 9.2.2. Market size and forecast, by Technology
- 9.2.3. Market size and forecast, by Utility
- 9.2.4. Market size and forecast, by Component
- 9.2.5. Market size and forecast, by Application
- 9.2.6. Market size and forecast, by End-use
- 9.2.7. Market size and forecast, by country
- 9.2.7.1. U.S.
- 9.2.7.1.1. Market size and forecast, by Technology
- 9.2.7.1.2. Market size and forecast, by Utility
- 9.2.7.1.3. Market size and forecast, by Component
- 9.2.7.1.4. Market size and forecast, by Application
- 9.2.7.1.5. Market size and forecast, by End-use
- 9.2.7.2. Canada
- 9.2.7.2.1. Market size and forecast, by Technology
- 9.2.7.2.2. Market size and forecast, by Utility
- 9.2.7.2.3. Market size and forecast, by Component
- 9.2.7.2.4. Market size and forecast, by Application
- 9.2.7.2.5. Market size and forecast, by End-use
- 9.2.7.3. Mexico
- 9.2.7.3.1. Market size and forecast, by Technology
- 9.2.7.3.2. Market size and forecast, by Utility
- 9.2.7.3.3. Market size and forecast, by Component
- 9.2.7.3.4. Market size and forecast, by Application
- 9.2.7.3.5. Market size and forecast, by End-use
- 9.3. Europe
- 9.3.1. Key market trends, growth factors and opportunities
- 9.3.2. Market size and forecast, by Technology
- 9.3.3. Market size and forecast, by Utility
- 9.3.4. Market size and forecast, by Component
- 9.3.5. Market size and forecast, by Application
- 9.3.6. Market size and forecast, by End-use
- 9.3.7. Market size and forecast, by country
- 9.3.7.1. Germany
- 9.3.7.1.1. Market size and forecast, by Technology
- 9.3.7.1.2. Market size and forecast, by Utility
- 9.3.7.1.3. Market size and forecast, by Component
- 9.3.7.1.4. Market size and forecast, by Application
- 9.3.7.1.5. Market size and forecast, by End-use
- 9.3.7.2. France
- 9.3.7.2.1. Market size and forecast, by Technology
- 9.3.7.2.2. Market size and forecast, by Utility
- 9.3.7.2.3. Market size and forecast, by Component
- 9.3.7.2.4. Market size and forecast, by Application
- 9.3.7.2.5. Market size and forecast, by End-use
- 9.3.7.3. Italy
- 9.3.7.3.1. Market size and forecast, by Technology
- 9.3.7.3.2. Market size and forecast, by Utility
- 9.3.7.3.3. Market size and forecast, by Component
- 9.3.7.3.4. Market size and forecast, by Application
- 9.3.7.3.5. Market size and forecast, by End-use
- 9.3.7.4. UK
- 9.3.7.4.1. Market size and forecast, by Technology
- 9.3.7.4.2. Market size and forecast, by Utility
- 9.3.7.4.3. Market size and forecast, by Component
- 9.3.7.4.4. Market size and forecast, by Application
- 9.3.7.4.5. Market size and forecast, by End-use
- 9.3.7.5. Spain
- 9.3.7.5.1. Market size and forecast, by Technology
- 9.3.7.5.2. Market size and forecast, by Utility
- 9.3.7.5.3. Market size and forecast, by Component
- 9.3.7.5.4. Market size and forecast, by Application
- 9.3.7.5.5. Market size and forecast, by End-use
- 9.3.7.6. Rest of Europe
- 9.3.7.6.1. Market size and forecast, by Technology
- 9.3.7.6.2. Market size and forecast, by Utility
- 9.3.7.6.3. Market size and forecast, by Component
- 9.3.7.6.4. Market size and forecast, by Application
- 9.3.7.6.5. Market size and forecast, by End-use
- 9.4. Asia-Pacific
- 9.4.1. Key market trends, growth factors and opportunities
- 9.4.2. Market size and forecast, by Technology
- 9.4.3. Market size and forecast, by Utility
- 9.4.4. Market size and forecast, by Component
- 9.4.5. Market size and forecast, by Application
- 9.4.6. Market size and forecast, by End-use
- 9.4.7. Market size and forecast, by country
- 9.4.7.1. China
- 9.4.7.1.1. Market size and forecast, by Technology
- 9.4.7.1.2. Market size and forecast, by Utility
- 9.4.7.1.3. Market size and forecast, by Component
- 9.4.7.1.4. Market size and forecast, by Application
- 9.4.7.1.5. Market size and forecast, by End-use
- 9.4.7.2. India
- 9.4.7.2.1. Market size and forecast, by Technology
- 9.4.7.2.2. Market size and forecast, by Utility
- 9.4.7.2.3. Market size and forecast, by Component
- 9.4.7.2.4. Market size and forecast, by Application
- 9.4.7.2.5. Market size and forecast, by End-use
- 9.4.7.3. Japan
- 9.4.7.3.1. Market size and forecast, by Technology
- 9.4.7.3.2. Market size and forecast, by Utility
- 9.4.7.3.3. Market size and forecast, by Component
- 9.4.7.3.4. Market size and forecast, by Application
- 9.4.7.3.5. Market size and forecast, by End-use
- 9.4.7.4. South Korea
- 9.4.7.4.1. Market size and forecast, by Technology
- 9.4.7.4.2. Market size and forecast, by Utility
- 9.4.7.4.3. Market size and forecast, by Component
- 9.4.7.4.4. Market size and forecast, by Application
- 9.4.7.4.5. Market size and forecast, by End-use
- 9.4.7.5. Australia
- 9.4.7.5.1. Market size and forecast, by Technology
- 9.4.7.5.2. Market size and forecast, by Utility
- 9.4.7.5.3. Market size and forecast, by Component
- 9.4.7.5.4. Market size and forecast, by Application
- 9.4.7.5.5. Market size and forecast, by End-use
- 9.4.7.6. Rest of Asia-Pacific
- 9.4.7.6.1. Market size and forecast, by Technology
- 9.4.7.6.2. Market size and forecast, by Utility
- 9.4.7.6.3. Market size and forecast, by Component
- 9.4.7.6.4. Market size and forecast, by Application
- 9.4.7.6.5. Market size and forecast, by End-use
- 9.5. LAMEA
- 9.5.1. Key market trends, growth factors and opportunities
- 9.5.2. Market size and forecast, by Technology
- 9.5.3. Market size and forecast, by Utility
- 9.5.4. Market size and forecast, by Component
- 9.5.5. Market size and forecast, by Application
- 9.5.6. Market size and forecast, by End-use
- 9.5.7. Market size and forecast, by country
- 9.5.7.1. Brazil
- 9.5.7.1.1. Market size and forecast, by Technology
- 9.5.7.1.2. Market size and forecast, by Utility
- 9.5.7.1.3. Market size and forecast, by Component
- 9.5.7.1.4. Market size and forecast, by Application
- 9.5.7.1.5. Market size and forecast, by End-use
- 9.5.7.2. Saudi Arabia
- 9.5.7.2.1. Market size and forecast, by Technology
- 9.5.7.2.2. Market size and forecast, by Utility
- 9.5.7.2.3. Market size and forecast, by Component
- 9.5.7.2.4. Market size and forecast, by Application
- 9.5.7.2.5. Market size and forecast, by End-use
- 9.5.7.3. South Africa
- 9.5.7.3.1. Market size and forecast, by Technology
- 9.5.7.3.2. Market size and forecast, by Utility
- 9.5.7.3.3. Market size and forecast, by Component
- 9.5.7.3.4. Market size and forecast, by Application
- 9.5.7.3.5. Market size and forecast, by End-use
- 9.5.7.4. Rest of LAMEA
- 9.5.7.4.1. Market size and forecast, by Technology
- 9.5.7.4.2. Market size and forecast, by Utility
- 9.5.7.4.3. Market size and forecast, by Component
- 9.5.7.4.4. Market size and forecast, by Application
- 9.5.7.4.5. Market size and forecast, by End-use
- CHAPTER 10: COMPETITIVE LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product mapping of top 10 player
- 10.4. Competitive dashboard
- 10.5. Competitive heatmap
- 10.6. Top player positioning, 2023
- CHAPTER 11: COMPANY PROFILES
- 11.1. ABB
- 11.1.1. Company overview
- 11.1.2. Key executives
- 11.1.3. Company snapshot
- 11.1.4. Operating business segments
- 11.1.5. Product portfolio
- 11.1.6. Business performance
- 11.2. Cisco Systems, Inc.
- 11.2.1. Company overview
- 11.2.2. Key executives
- 11.2.3. Company snapshot
- 11.2.4. Operating business segments
- 11.2.5. Product portfolio
- 11.2.6. Business performance
- 11.2.7. Key strategic moves and developments
- 11.3. General Electric Company
- 11.3.1. Company overview
- 11.3.2. Key executives
- 11.3.3. Company snapshot
- 11.3.4. Operating business segments
- 11.3.5. Product portfolio
- 11.3.6. Business performance
- 11.4. Hitachi, Ltd.
- 11.4.1. Company overview
- 11.4.2. Key executives
- 11.4.3. Company snapshot
- 11.4.4. Operating business segments
- 11.4.5. Product portfolio
- 11.4.6. Business performance
- 11.5. Itron Inc.
- 11.5.1. Company overview
- 11.5.2. Key executives
- 11.5.3. Company snapshot
- 11.5.4. Operating business segments
- 11.5.5. Product portfolio
- 11.5.6. Business performance
- 11.6. Milsoft Utility Solutions
- 11.6.1. Company overview
- 11.6.2. Key executives
- 11.6.3. Company snapshot
- 11.6.4. Operating business segments
- 11.6.5. Product portfolio
- 11.7. Motorola Solutions, Inc.
- 11.7.1. Company overview
- 11.7.2. Key executives
- 11.7.3. Company snapshot
- 11.7.4. Operating business segments
- 11.7.5. Product portfolio
- 11.7.6. Business performance
- 11.8. OMICRON
- 11.8.1. Company overview
- 11.8.2. Key executives
- 11.8.3. Company snapshot
- 11.8.4. Operating business segments
- 11.8.5. Product portfolio
- 11.9. Schneider Electric
- 11.9.1. Company overview
- 11.9.2. Key executives
- 11.9.3. Company snapshot
- 11.9.4. Operating business segments
- 11.9.5. Product portfolio
- 11.9.6. Business performance
- 11.10. Rad
- 11.10.1. Company overview
- 11.10.2. Key executives
- 11.10.3. Company snapshot
- 11.10.4. Operating business segments
- 11.10.5. Product portfolio
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