Utility communication Market to 2027: Covid-19 Impact and North America Analysis by Technology (Wired, Wireless); Utility Type (Private Utility, Public Utility); and Country.
The utility communication market in North America was valued at US$ 3,198.1 million in 2019 and is projected to reach at US$ 8,380.4 million by 2027; it is expected to grow at a CAGR of 13.1% from 2019 to 2027. The entire oil and gas industry of the region depends upon ICT to fulfill all the pre-determined goals of the business. The industry identified a need to control and manage the future of oil & gas related developments with efficient production of current reserves. Therefore, integration of advanced technologies with business processes, organization, and geographies are mandatory and these factors are likely to drive the growth of utility communication market. To convey real-time status with the technical experts or working staff, use of advanced communication system in both upstream and downstream is important.
Based on technology, the utility communication market was led by wired segment. Wired network is used to relay different types of electrical signals from one end to another. Often in wired networks, an internet connection is taken using T1 thread, cable modem, or by some other means.
Overall size of the North American utility communication market has been derived using primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North American utility communication market. It also provides an overview and forecast for the Utility communication based on all the segmentation provided with respect to the North American region. Also, primary interviews were conducted with industry participants and commentators in order to validate and analyze the data. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North American utility communication industry. ABB Ltd, Fujitsu Limited, General Electric Company, Honeywell International Inc, and Rockwell Automation Inc, are among the key players present in the North American utility communication market.
Reasons to Buy
The utility communication market in North America was valued at US$ 3,198.1 million in 2019 and is projected to reach at US$ 8,380.4 million by 2027; it is expected to grow at a CAGR of 13.1% from 2019 to 2027. The entire oil and gas industry of the region depends upon ICT to fulfill all the pre-determined goals of the business. The industry identified a need to control and manage the future of oil & gas related developments with efficient production of current reserves. Therefore, integration of advanced technologies with business processes, organization, and geographies are mandatory and these factors are likely to drive the growth of utility communication market. To convey real-time status with the technical experts or working staff, use of advanced communication system in both upstream and downstream is important.
Based on technology, the utility communication market was led by wired segment. Wired network is used to relay different types of electrical signals from one end to another. Often in wired networks, an internet connection is taken using T1 thread, cable modem, or by some other means.
Overall size of the North American utility communication market has been derived using primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North American utility communication market. It also provides an overview and forecast for the Utility communication based on all the segmentation provided with respect to the North American region. Also, primary interviews were conducted with industry participants and commentators in order to validate and analyze the data. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North American utility communication industry. ABB Ltd, Fujitsu Limited, General Electric Company, Honeywell International Inc, and Rockwell Automation Inc, are among the key players present in the North American utility communication market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America utility communication market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America utility communication market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Utility Communication Market Landscape
5. Utility Communication Market - Key Industry Dynamics
6. Utility Communication Market - North America Market Analysis
7. Utility Communication Market Analysis - By Technology Type
8. Utility Communication Market Analysis - By Utility Type
9. North America Utility Communication Market - Country Analysis
10. Impact of COVID-19 Pandemic on North America Utility Communication Market
11. Industry Landscape
12. Company Profile
13. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB LTD
- Fujitsu Limited
- General Electric Company
- Honeywell International Inc.
- OMICRON Electronics GmbH
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Tejas Networks
- ERICSSON