Product ID: UCMIG55A2035
Report ID:
UCMIG55A2035 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2021, the global utility communication market achieved a significant valuation of USD 20.4 billion, showcasing the growing integration of advanced communication technologies within the utility sector. This valuation underscores the increasing need for efficient communication solutions to enhance the management and operation of utility services. As we look towards the future, the market is poised for substantial growth, with projections indicating a potential worth of approximately USD 43.6 billion by 2030. This expansion is underpinned by a robust Compound Annual Growth Rate (CAGR) of 8.81%, forecasted for the period spanning from 2022 to 2030. The ascent of the utility communication market reflects the sector's commitment to modernization, digital transformation, and seamless communication infrastructure, which are pivotal in meeting the evolving demands of utilities and consumers alike.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electric Utilities by segment aggregation, the contribution of the Electric Utilities in Diversified Utilities Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Utility Communication was estimated to be valued at US$ XX Mn in 2021.
The Utility Communication Market is estimated to grow at a CAGR of XX% by 2028.
The Utility Communication Market is segmented on the basis of Type, Application, Component, End User, Geography.
Based on region, the Utility Communication Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Utility Communication Market are Itron, Telefonaktiebolaget LM Ericsson , Sensus (Xylem) , Black & Veatch Holding , Siemens , Schneider Electric , Motorola Solutions , ABB , General Electric , Nokia , FUJITSU.
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Product ID: UCMIG55A2035