Global Utility Communication Market to reach USD 24.30 Billion by 2027.Global Utility communication Market is valued approximately at USD 17.98 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.40% over the forecast period 2021-2027. Utility communication is communication portfolio which delivers communication across the grid. It measures network performance, monitor and controls the grid. The global utility communication market is being driven by the growing investment in smart grids and modernization of electricity networks as well as government focus on improving grid reliability, increasing operating efficiency, and reducing outage length. Furthermore, rise in number of upcoming smart city projects in developing regions and growing adoption of wireless communication technologies, especially 5G will provide new opportunities for the global Utility communication For instance, According to US department of energy in 2017, 38 states including the district of Columbia had adopted total 288 policies deployment related to grid modernization which will also include the integrated resource planning, utility business models, the application non-wires alternatives, and application of advanced metering infrastructure. As a result, increased deployment and investment will necessitate the use of utility communication, which will serve as a catalyst for the utility communication industry in the future. However, lack of standards and interoperability of different IT protocols and components may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of global utility market. Asia Pacific is a significant region across the world in terms of market share due to increasing investment in grip expansion project by the countries such as japan, South Korea and India. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027 due to increasing population and the rising demand of electricity applications in the region.
Major market player included in this report are:

ABB
Schneider Electric
General Electric
Siemens
Motorola solutions
Landis+GYR
SENSUS (XYLEM)
Itron
Telefonaktiebolaget LM Ericsson
Fujitsu

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology Type:
Wired
Wireless
Other
By Utility Type:
Public
private
By Application:
Transmission & Distribution,
Oil and Gas utilities
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Utility CommunicationMarket in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors