The Utility Communication Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Utility Communication Market?
The Utility Communication market has seen considerable growth in its market size. It is projected to increase from $22.45 billion in 2024 to $24.38 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Utility Communication Industry?
The Utility Communication market is projected to reach $39.86 billion in 2029, growing at a compound annual growth rate of 13.1%.
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What are the Key Growth Drivers Fueling the Utility Communication Market?
The key drivers in the utility communication market are:
• Rising interconnectivity within utility systems
• Increase in distributed energy resources
• Implementation of smart city initiatives
• Emphasis on environmental sustainability and grid decentralization
Global Market Segmentation: Identifying Major Utility Communication Industry Segments
The utility communication market covered in this report is segmented –
1) By Technology: Wired, Wireless
2) By Utility: Public, Private
3) By Components: Hardware, Software
4) By Application: Transmission And Distribution, Oil And Gas
5) By End-User: Residential, Commercial, Industrial
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What are the Emerging Trends Shaping the Future of the Utility Communication Market?
The key trends in the utility communication market are:
• Adoption of 5G technology is an emerging trend shaping the utility communication market.
• The integration with Internet of Things (IoT) devices is becoming increasingly prevalent.
• There's a growing trend of global collaboration on standards in this market.
• The use of artificial intelligence in grid management and data analytics for predictive maintenance are key future trends.
Who Are the Top Competitors & Leading Players in the Utility Communication Market?
Major companies in the utility communication market are:
• Schneider Electric SE
• Siemens Aktiengesellschaft
• General Electric Company
• DIGI International Inc.
• ZTE Corporation
• Cisco Systems Inc.
• Black & Veatch Holding Company
• Valiant Communications Limited
• ABB Ltd.
• Omicron Electronics GmbH
• Hitachi Energy Ltd.
• Motorola Solutions Inc.
• Milsoft Utility Solutions Inc.
• Honeywell International Inc.
• Rockwell Automation Inc.
• Texas Instruments Incorporated
• Power Systems Engineering Inc.
• Fujitsu Limited
• Xylem Inc.
• Itron Inc.
• Trilliant Holding Inc.
• Nokia Corporation
• RAP Data Communications Ltd.
• SmartMark Communications LLC
• Smarter Grid Solutions Ltd.
• Robert Bosch GmbH
• LG Corporation
• Emerson Electric Co.
• Yokogawa Electric Corporation
• Inductive Automation LLC
• AVEVA Group PLC
• Tatsoft LLC
• Advantech Co. Ltd.
• Mitsubishi Electric Corporation
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the utility communication market share in 2024
