Industrial Utility Communication Market Share, Size, Trends, Industry Analysis Report, By Technology (Wired, Wireless); By Component; By End-Use Industry; By Region; Segment Forecast, 2024 - 2032

Industrial Utility Communication Market Share, Size, Trends, Industry Analysis Report, By Technology (Wired, Wireless); By Component; By End-Use Industry; By Region; Segment Forecast, 2024 - 2032



The global industrial utility communication market size is expected to reach USD 5.10 Billion by 2032, according to a new study by Polaris Market Research. The report “Industrial Utility Communication Market Share, Size, Trends, Industry Analysis Report, By Technology (Wired, Wireless); By Component; By End-Use Industry; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The industrial utility communication market is experiencing rapid growth due to the increasing need for reliable and efficient communication systems in various industries, such as transportation, energy, oil and gas, mining, and power generation. These industries require real-time data transmission, remote monitoring, and control of equipment, which has resulted in the development of advanced communication technologies that can operate in harsh industrial environments. The key driver of this market is the demand for efficient communication systems.

However, the high initial costs associated with implementing industrial utility communication solutions are affecting the growth of the market. Additionally, security concerns are another challenge. Industrial communication systems often transmit sensitive data, making them vulnerable to cyber threats.

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The need for real-time data transmission has led to the adoption of industrial utility communication solutions across various industries. Furthermore, stringent safety regulations in various industries are driving the growth of this market. These industries face safety regulations that require them to implement safe and secure communication systems. Industrial utility communication solutions must meet these regulatory requirements, ensuring worker safety and minimizing risks associated with hazardous environments.

Industrial Utility Communication Market Report Highlights

The wireless technology segment had a significant share of revenue in 2023. This is primarily due to the increasing popularity of wireless technologies like Wi-Fi, Bluetooth, and cellular networks in industrial settings.

The hardware segment held a dominant position in the market owing to the significant role it plays in industrial utility communication systems. These systems rely heavily on specialized hardware components like switches, routers, modems, and gateways to facilitate smooth data transmission between devices.

The power generation segment dominated the market in 2023, primarily due to the surging need for cutting-edge communication systems in the power generation industry.

In 2023, North America became the leader in the global industrial utility communications market. This was due to the region's robust infrastructure and advanced technology implementation, which allowed utilities to invest in modern communication systems.

The global key market players include Cisco Systems, Inc., Emerson Electric Co., FUJITSU, General Electric, Hitachi Energy Ltd., Itron Inc., Motorola Solutions, Inc., Nokia, Schneider Electric, Siemens, Telefonaktiebolaget LM Ericsson, etc.

Polaris Market Research has segmented the industrial utility communication market report based on technology, component, end-use industry, and region:

Industrial Utility Communication, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

Wired

Wireless

Industrial Utility Communication, Component Outlook (Revenue - USD Billion, 2019 - 2032)

Hardware

Software

Services

Industrial Utility Communication, End-Use Industry Outlook (Revenue - USD Billion, 2019 - 2032)

AC Transmission

EV Charging

HVDC Transmission

Mining

Oil and Gas

Power Distribution

Power Generation

Renewable Power Generation

Transportation

Water/Wastewater

Others

Industrial Utility Communication, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America
  • U.S.
  • Canada
Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
Latin America
  • Argentina
  • Brazil
  • Mexico
Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Industrial Utility Communication Market Insights
4.1. Industrial Utility Communication Market – End-Use Industry Snapshot
4.2. Industrial Utility Communication Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increase in demand for renewable sources of energy
4.2.1.2. Rise in demand for electricity consumption
4.2.2. Restraints and Challenges
4.2.2.1. High initial costs
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Industrial Utility Communication Market End-Use Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Industrial Utility Communication Market, by Technology
5.1. Key Findings
5.2. Introduction
5.2.1. Global Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
5.3. Wired
5.3.1. Global Industrial Utility Communication Market, by Wired, by Region, 2019-2032 (USD Billion)
5.4. Wireless
5.4.1. Global Industrial Utility Communication Market, by Wireless, by Region, 2019-2032 (USD Billion)
6. Global Industrial Utility Communication Market, by Component
6.1. Key Findings
6.2. Introduction
6.2.1. Global Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
6.3. Hardware
6.3.1. Global Industrial Utility Communication Market, by Hardware, by Region, 2019-2032 (USD Billion)
6.4. Software
6.4.1. Global Industrial Utility Communication Market, by Software, by Region, 2019-2032 (USD Billion)
6.5. Services
6.5.1. Global Industrial Utility Communication Market, by Services, by Region, 2019-2032 (USD Billion)
7. Global Industrial Utility Communication Market, by End-Use Industry
7.1. Key Findings
7.2. Introduction
7.2.1. Global Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
7.3. AC Transmission
7.3.1. Global Industrial Utility Communication Market, by AC Transmission, By Region, 2019-2032 (USD Billion)
7.4. EV Charging
7.4.1. Global Industrial Utility Communication Market, by EV Charging, By Region, 2019-2032 (USD Billion)
7.5. HVDC Transmission
7.5.1. Global Industrial Utility Communication Market, by HVDC Transmission, By Region, 2019-2032 (USD Billion)
7.6. Mining
7.6.1. Global Industrial Utility Communication Market, by Mining, By Region, 2019-2032 (USD Billion)
7.7. Oil and Gas
7.7.1. Global Industrial Utility Communication Market, by Oil and Gas, By Region, 2019-2032 (USD Billion)
7.8. Power Distribution
7.8.1. Global Industrial Utility Communication Market, by Power Distribution, By Region, 2019-2032 (USD Billion)
7.9. Power Generation
7.9.1. Global Industrial Utility Communication Market, by Power Generation, By Region, 2019-2032 (USD Billion)
7.10. Renewable Power Generation
7.10.1. Global Industrial Utility Communication Market, by Renewable Power Generation, By Region, 2019-2032 (USD Billion)
7.11. Transportation
7.11.1. Global Industrial Utility Communication Market, by Transportation, By Region, 2019-2032 (USD Billion)
7.12. Water/Wastewater
7.12.1. Global Industrial Utility Communication Market, by Water/Wastewater, By Region, 2019-2032 (USD Billion)
7.13. Others
7.13.1. Global Industrial Utility Communication Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Industrial Utility Communication Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Industrial Utility Communication Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Industrial Utility Communication Market – North America
8.3.1. North America: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.3.2. North America: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.3.3. North America: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.3.4. Industrial Utility Communication Market – U.S.
8.3.4.1. U.S.: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.3.5. Industrial Utility Communication Market – Canada
8.3.5.1. Canada: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.3.5.3. Canada: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.4. Industrial Utility Communication Market – Europe
8.4.1. Europe: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.4.2. Europe.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.4.3. Europe: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.4.4. Industrial Utility Communication Market – UK
8.4.4.1. UK: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.4.4.2. UK.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.4.4.3. UK: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.4.5. Industrial Utility Communication Market – France
8.4.5.1. France: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.4.5.2. France.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.4.5.3. France: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.4.6. Industrial Utility Communication Market – Germany
8.4.6.1. Germany: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.4.6.3. Germany: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.4.7. Industrial Utility Communication Market – Italy
8.4.7.1. Italy: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.4.7.3. Italy: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.4.8. Industrial Utility Communication Market – Spain
8.4.8.1. Spain: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.4.8.3. Spain: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.4.9. Industrial Utility Communication Market – Netherlands
8.4.9.1. Netherlands: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.4.10. Industrial Utility Communication Market – Russia
8.4.10.1. Russia: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.4.10.3. Russia: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.5. Industrial Utility Communication Market – Asia Pacific
8.5.1. Asia Pacific: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.5.4. Industrial Utility Communication Market – China
8.5.4.1. China: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.5.4.2. China.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.5.4.3. China: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.5.5. Industrial Utility Communication Market – India
8.5.5.1. India: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.5.5.2. India.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.5.5.3. India: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.5.6. Industrial Utility Communication Market – Malaysia
8.5.6.1. Malaysia: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.5.7. Industrial Utility Communication Market – Japan
8.5.7.1. Japan: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.5.7.3. Japan: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.5.8. Industrial Utility Communication Market – Indonesia
8.5.8.1. Indonesia: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.5.9. Industrial Utility Communication Market – South Korea
8.5.9.1. South Korea: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.6. Industrial Utility Communication Market – Middle East & Africa
8.6.1. Middle East & Africa: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.6.4. Industrial Utility Communication Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.6.5. Industrial Utility Communication Market – UAE
8.6.5.1. UAE: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.6.5.3. UAE: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.6.6. Industrial Utility Communication Market – Israel
8.6.6.1. Israel: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.6.6.3. Israel: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.6.7. Industrial Utility Communication Market – South Africa
8.6.7.1. South Africa: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.7. Industrial Utility Communication Market – Latin America
8.7.1. Latin America: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.7.2. Latin America.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.7.3. Latin America: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.7.4. Industrial Utility Communication Market – Mexico
8.7.4.1. Mexico: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.7.5. Industrial Utility Communication Market – Brazil
8.7.5.1. Brazil: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
8.7.6. Industrial Utility Communication Market – Argentina
8.7.6.1. Argentina: Industrial Utility Communication Market, by Technology, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Industrial Utility Communication Market, by End-Use Industry, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Industrial Utility Communication Market, by Component, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Cisco Systems, Inc
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Emerson Electric Co.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. FUJITSU
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. General Electric
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Hitachi Energy Ltd.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Itron Inc
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Motorola Solutions, Inc
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Nokia
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Schneider Electric
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Siemens
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Telefonaktiebolaget LM Ericsson
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development

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