Quick Summary:
In the continually evolving Utility Communication Technologies sector, keeping one's finger on the pulse is not a luxury, but a necessity. The global utility communication market, valued at an estimated US$18.9 billion in 2022, is projected for an impressive growth trajectory by 2030. Our comprehensive market research report provides an extensive analysis, laying the foundation for informed business decisions, lending your organization the edge in a competitive market.
This market research report provides an in-depth and nuanced understanding of not only the global perspective but also sheds light on key players, geographically segmented data, and respective growth patterns. Analysis includes market projections for the United States, pegged at US$5.6 Billion in 2022, along with significant international markets such as China, Japan, Canada, and Germany. Acquiring this report equips you with actionable insights and an invaluable, data-backed business development tool.
Global Utility Communication Technologies Market to Reach $25.9 Billion by 2030
The global market for Utility Communication Technologies estimated at US$18.9 Billion in the year 2022, is projected to reach a revised size of US$25.9 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Wired, one of the segments analyzed in the report, is projected to record 3% CAGR and reach US$16.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wireless segment is readjusted to a revised 6% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.6 Billion, While China is Forecast to Grow at 3.7% CAGR
The Utility Communication Technologies market in the U.S. is estimated at US$5.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 3.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.Select Competitors (Total 43 Featured) -
- ABB Ltd.
- Black & Veatch Holding Company
- Cisco Systems, Inc.
- ComNet
- Digi International, Inc.
- Ericsson AB
- Fujitsu Ltd.
- General Electric Company
- Itron, Inc.
- Landis+Gyr AG
- Milsoft Utility Solutions
- Motorola Solutions, Inc.
- Netcontrol Oy
- Omicron Electronics GmbH
- Open Systems International, Inc.
- Power System Engineering, Inc.
- Rad Data Communications Ltd.
- Schneider Electric SA
- Sensus
- Siemens AG
- Texas Instruments, Inc.
- Trilliant, Inc.
- Valiant Communications Limited
- ZTE Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Utility Communication Technologies?
What is the growth rate of the Global Market for Utility Communication Technologies?
What is the forecasted size of the Global Market for Utility Communication Technologies?
Who are the key companies in the Global Market for Utility Communication Technologies?
Report Attribute | Details |
---|---|
No. of Pages | 293 |
Published | September 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 18.9 Billion |
Forecasted Market Value ( USD | $ 25.9 Billion |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Black & Veatch Holding Company
- Cisco Systems, Inc.
- ComNet
- Digi International, Inc.
- Ericsson AB
- Fujitsu Ltd.
- General Electric Company
- Itron, Inc.
- Landis+Gyr AG
- Milsoft Utility Solutions
- Motorola Solutions, Inc.
- Netcontrol Oy
- Omicron Electronics GmbH
- Open Systems International, Inc.
- Power System Engineering, Inc.
- Rad Data Communications Ltd.
- Schneider Electric SA
- Sensus
- Siemens AG
- Texas Instruments, Inc.
- Trilliant, Inc.
- Valiant Communications Limited
- ZTE Corporation