DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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" report to their offering.
The global utility communication market is projected to grow at a CAGR of 15.55%, from 2016 to 2021, to reach a market size of USD 15.45 Billion by 2021.
This growth is attributed to modification in billing practices by power utility companies, stringent regulatory requirements for power utilities, and increasing investments in smart grids.
The report segments the utility communication market, on the basis of technology type, into wired and wireless technologies. The wired technology segment is projected to dominate the utility communication market. Under the wired technology segment, the power Line carrier (PLC) technology subsegment led the utility communication market in 2016, and is projected to dominate the market during the forecast period. This segment is primarily driven by the increasing number of smart cities projects around the globe.
The report also covers the oilfield communication segment which is further segmented into wired and wireless communication technologies. Oilfield communication includes technologies such as very small aperture terminal (VSAT) networks, fiber optic-based communication networks, microwave communication networks, cellular communication networks, and tetra networks. The VSAT communication network technology segment accounted for the maximum market share in 2016.
- Increasing Usage of Smart Grids and Mobile Devices is Driving the Demand for Utility Communication Channels
- Modification in Billing Practices in Utility Companies Driving the Need for More Personalized Communication Networks
- Stringent Regulatory Requirements for Power Utilities Driving the Demand for Advanced Utility Communication Technologies
- Less Capital Available to Adopt Communication Technologies
- Investment in Smart Communication Infrastructure By Utilities
- Global Trends in Digitalization and Smart Cities
- Vulnerability to Hackers and Natural Disasters
- ABB, Ltd.
- Black & Veatch Holding Company
- Cisco Systems, Inc.
- Digi International, Inc.
- General Electric
- Milsoft Utility Solutions, Inc.
- Motorola Solutions, Inc.
- Omicron Electronics GmbH
- Open Systems International
- Power System Engineering, Inc.
- Rad Data Communications, Ltd.
- Schneider Electric
- Siemens AG
- Texas Instruments, Inc.
- Trilliant, Inc.
- Valiant Communications
- ZTE Corporation
For more information about this report visit http://www.researchandmarkets.com/research/ddgsf5/utility