Industrial Utility Communication Market

Industrial Utility Communication Market by Technology (Wired, Wireless), Component (Hardware, Software, Services), End-use Industry( Power Generation, AC Transmission, Oil & Gas, Transportation), and Region - Global Forecast to 2028

Report Code: CH 8921 Jan, 2024, by marketsandmarkets.com

The industrial utility communication market is projected to reach USD 4.2 billion by 2028, at a CAGR of 6.0% from USD 3.1 billion in 2023. The market is mainly led by the significant usage of industrial utility communication in various end-use industries. The integration of advanced technologies like IoT, 5G, and AI into industrial processes, coupled with the demand for enhanced operational efficiency and real-time connectivity, is leading the growth of the industrial utility communication market. Additionally, the increasing need for reliable and secure communication networks across diverse industrial sectors such as power, oil and gas, and water utilities is driving the market forward.

Industrial Utility Communication Market

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Attractive Opportunities in the Industrial Utility Communication Market

Industrial Utility Communication Market

Market Dynamics

Driver: Growing Adoption of Smart Grid Technologies

A significant part of the industrial utility communication market is dedicated to enabling smart grid technologies. Smart grids use advanced communication systems to monitor, control, and optimize the generation, distribution, and consumption of energy. These systems improve grid reliability, reduce energy losses, and support the integration of renewable energy sources. Utilities are increasingly investing in modernizing their infrastructure, including the implementation of smart grids. Smart grid technologies are being deployed by utility companies around the world to improve the efficiency and reliability of their power grids. Utility communication systems are essential for the successful deployment of smart grid technologies. In a December 2019 study focusing on the implementation of smart meters in the European Union (EU), some key findings were revealed, it is projected that approximately 225 million smart meters for electricity and 51 million for gas will be deployed across the EU by the year 2024. This ambitious rollout represents a potential investment totaling €47 billion(52.63 billion USD). By 2024, it is anticipated that nearly 77% of European consumers will have a smart meter for electricity, marking a significant increase in adoption. The Biden-Harris Administration has unveiled a historic $3.5 billion investment in America's electric grid. This significant funding aims to bolster the electric grid infrastructure, enhance utility communication systems, promote the integration of clean energy sources, reduce operational costs, and create job opportunities within the utility sector.

Restraint: High Cost of Deployment and Maintainence

The high cost associated with the deployment and maintenance of industrial utility communication systems presents a significant challenge within the utility industry, particularly for smaller utility companies. These systems, which are instrumental in optimizing the operation of utility infrastructure, often require substantial initial investments and ongoing maintenance expenditures, which can be a barrier to entry and expansion for smaller players in the field.

The deployment of industrial utility communication systems involves various components, including the installation of advanced metering infrastructure, communication networks, and monitoring equipment. These upfront costs can be substantial, encompassing the purchase of hardware, software, and the necessary infrastructure for data transmission and processing. Smaller utility companies may find it financially burdensome to make these initial investments, potentially limiting their ability to embrace modernization and efficiency-enhancing technologies. Moreover, the maintenance of industrial utility communication systems is an ongoing expense that can strain the budgets of smaller utility companies.

Opportunity: Rise in Number of Upcoming Smart City Projects in Developing Regions

Developing regions are making substantial investments in the development of smart city projects, a key component of which is the widespread deployment of utility communication systems. These systems play a critical role in supporting the efficient operation of smart grids, intelligent water management, and advanced waste management applications within these urban initiatives. In the context of smart grids, utility communication systems facilitate real-time monitoring and control of energy distribution, allowing for optimal resource management, reduced energy waste, and enhanced grid resilience.

According to data from the World Bank, the global urban population currently stands at 56%, accounting for approximately 4.4 billion individuals. Projections indicate that this figure is set to double by 2050, with 7 out of 10 people expected to reside in urban areas. In alignment with these demographic shifts, the World Economic Forum (WEF) foresees a migration of 2.5 billion people to urban centers, with a significant 90% of this urbanization trend concentrated in the regions of Asia and Africa. In this context, industrial utility communication systems become increasingly pivotal. These systems help facilitate uninterrupted connectivity and the seamless exchange of data across critical functions such as power distribution, monitoring water quality, and optimizing waste management processes.

Challenge: Security Concerns And Cybersecurity Threats

Utility communication systems are susceptible to cybersecurity threats, which can have far-reaching implications for public safety, national security, and economic stability. These threats are compounded by the expanding attack surface resulting from the integration of intelligent distribution systems, sensors, and IoT devices into utility infrastructure, providing cybercriminals with additional entry points. The energy sector, in particular, faces significant vulnerability to cyberattacks, making it imperative to adopt a structured approach that combines communication, organizational, and process frameworks with technical enhancements to mitigate risks. Power utilities encounter challenges in finding tailored cybersecurity solutions due to their specialized activities and the increasing digitalization of their operations, which feature complex IT and OT systems capable of remote control.

To counter these cybersecurity threats, utilities should adopt a proactive and preemptive stance in addressing the evolving threat landscape. It's crucial to establish a well-defined, prioritized, and meticulously planned cybersecurity program.

MARKET ECOSYSTEM

The market ecosystem for industrial utility communication is composed of a diverse array of entities and stakeholders that collectively contribute to the development, implementation, and advancement of industrial utility communication materials. At the core of this ecosystem are communication device manufacturers who focus on research, development, and manufacturing of industrial utility communication. They continuously innovate and produce novel communication solutions to meet the evolving demands of the market.

General Electric (US), Siemens (Germany), Schneider Electric (France), Hitachi Energy Ltd. (Switzerland), FUJITSU (Japan), Motorola Solutions, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Nokia (Finland), Itron Inc. (US), Cisco Systems, Inc. (US), Emerson Electric Co. (US)  etc.

Industrial utility communication market: ecosystem

Industrial Utility Communication Market Ecosystem

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

"In Hardware, Wireless-Private Cellular is the largest sub-segment amongst the component segment in the industrial utility communication market in 2023, in terms of value."

Wireless private cellular technology in the hardware segment holds the largest market share in industrial utility communication due to its ability to offer dedicated and secure networks, enabling reliable and real-time data transmission within industrial settings. This technology provides robust connectivity, flexibility, and scalability, catering to the specific needs of various industries for seamless communication across large areas or within challenging environments like manufacturing plants and other utilities.

“Power Generation accounted for the largest end-use industry share of the industrial utility communication market in 2023” in terms of value.

In the industrial utility communication sector, power generation commands a significant market share, driven by its essential reliance on sophisticated communication systems. These technologies play a pivotal role in overseeing power generation, distribution, and transmission networks, ensuring seamless operations. With real-time data monitoring and predictive maintenance capabilities, these systems optimize power processes, enabling uninterrupted electricity supply and enhanced operational efficiency. The demand for robust communication networks to maintain grid stability and ensure swift response to operational issues cements power generation's substantial foothold in this sector.

"Asia pacific is the fastest growing market for industrial utility communication Market from 2023-2028, in terms of value."

Asia Pacific is the fastest and the largest  growing market for industrial utility communication globally due to its rapid industrialization and growing investments in smart infrastructure. Moreover, government initiatives and favorable policies aimed at advancing digital transformation significantly propel market expansion. Investments in smart city endeavors, energy management systems, and the establishment of strong communication networks in utilities act as primary drivers for adopting industrial utility communication technologies. Additionally, the region's expansive population and increasing urbanization drive the demand for streamlined utility services, compelling utilities to invest in advanced communication tech for optimal resource management and distribution.

Industrial Utility Communication Market by Region

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Key Market Players

The key players in this market are General Electric (US), Siemens (Germany), Schneider Electric (France), Hitachi Energy Ltd. (Switzerland), FUJITSU (Japan), Motorola Solutions, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Nokia (Finland), Itron Inc. (US), Cisco Systems, Inc. (US), Emerson Electric Co. (US)  etc. Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of industrial utility communication have opted for new product launches and partnerships to sustain their market position.

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Scope of the Report

Report Metric

Details

Years considered for the study

2019-2028

Base Year

2022

Forecast period

2023–2028

Units considered

 Value (USD Billion/Million)

Segments

By Technology, By Component, End-use Industry and Region

Regions

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies

 General Electric (US), Siemens (Germany), Schneider Electric (France), Hitachi Energy Ltd. (Switzerland), FUJITSU (Japan), Motorola Solutions, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Nokia (Finland), Itron Inc. (US), Cisco Systems, Inc. (US), Emerson Electric Co. (US)

Segmentation

This report categorizes the global Industrial utility communication market based on by technology, by component, end-use industry and region.

On the basis of technology the market has been segmented as follows:
  • Wired
  • Wireless
On the basis of component, the market has been segmented as follows:
  • Hardware
  • Software
  • Services
On the basis of end-use industry, the market has been segmented as follows:
  • Power Generation
  • Renewable Power Generation
  • AC Transmission
  • HVDC Transmission
  • Power Distribution
  • EV- Charging
  • Water/Wastewater
  • Oil & Gas
  • Mining
  • Transportation
  • Others
On the basis of region, the market has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In 2023, Siemens introduced an in-house developed private infrastructure tailored for the 5G mobile communications standard. This solution empowers industrial firms to establish their localized 5G networks, optimizing support for automation applications.
  • In 2023, Motorola Solutions has launched the MOTOTRBO™ R2 radio in Latin America, aiming to maintain connectivity for frontline workers in diverse sectors such as airports, manufacturing, agriculture, private security, and retail.
  • In 2023, M1, a prominent operator in Southeast Asia, has chosen Ericsson as its partner to revamp its 4G/5G mobile transport network. This transformation involves implementing Ericsson Router 6676, known for its high performance.
  • In 2023, Nokia collaborates with DXC Technology to introduce the DXC Signal Private LTE and 5G Solution, tailored for significant market sectors like manufacturing, energy, healthcare, supply chain and logistics, transportation, and education.
  • In 2022, Schneider Electric and Claroty have unveiled 'Cybersecurity Solutions for Buildings,' aimed at mitigating cyber and asset risks in smart buildings. This collaborative solution combines Claroty's renowned cybersecurity technology, designed for cyber-physical systems across various sectors, with Schneider Electric's industry proficiency. Together, they aim to identify all assets within facilities, offer exceptional risk and vulnerability management capabilities, and ensure ongoing threat monitoring for safeguarding enterprise investments.
  • In 2022, Hitachi Energy unveiled its latest TRO600 series wireless routers equipped with 5G capabilities. These routers are specifically designed to assist industrial and utility clients in attaining exceptional reliability and resilience for their mission-critical operations.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
    1.4 MARKET SCOPE 
          FIGURE 1 INDUSTRIAL UTILITY COMMUNICATION MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY 
    1.6 LIMITATIONS 
    1.7 UNIT CONSIDERED 
    1.8 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
          FIGURE 2 INDUSTRIAL UTILITY COMMUNICATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Interviews with top industrial utility communication manufacturers
                    2.1.2.2 Breakdown of interviews with experts
                    2.1.2.3 Key industry insights
    2.2 BASE NUMBER CALCULATION 
           2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
           2.2.2 APPROACH 2: DEMAND-SIDE APPROACH
    2.3 FORECAST NUMBER CALCULATION 
           2.3.1 SUPPLY SIDE
           2.3.2 DEMAND SIDE
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION 
          FIGURE 3 INDUSTRIAL UTILITY COMMUNICATION MARKET: DATA TRIANGULATION
    2.6 ASSUMPTIONS 
    2.7 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 4 HARDWARE SEGMENT TO LEAD INDUSTRIAL UTILITY COMMUNICATION MARKET BETWEEN 2023 AND 2028
    FIGURE 5 WIRED SEGMENT BY TECHNOLOGY TO LEAD INDUSTRIAL UTILITY COMMUNICATION MARKET BETWEEN 2023 AND 2028
    FIGURE 6 OIL & GAS BY END-USE INDUSTRY TO LEAD INDUSTRIAL UTILITY COMMUNICATION MARKET DURING FORECAST PERIOD
    FIGURE 7 ASIA PACIFIC DOMINATES INDUSTRIAL UTILITY COMMUNICATION MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL UTILITY COMMUNICATION MARKET 
          FIGURE 8 GROWING ADOPTION OF SMART GRID TECHNOLOGIES ALONG WITH GROWING INDUSTRIALIZATION TO DRIVE MARKET
    4.2 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY 
          FIGURE 9 POWER GENERATION TO BE FASTEST-GROWING END-USE INDUSTRY SEGMENT DURING FORECAST PERIOD
    4.3 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY REGION 
          FIGURE 10 ASIA PACIFIC TO BE FASTEST-GROWING INDUSTRIAL UTILITY COMMUNICATION MARKET DURING FORECAST PERIOD
    4.4 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT 
          FIGURE 11 HARDWARE TO BE FASTEST-GROWING COMPONENT SEGMENT DURING FORECAST PERIOD
    4.5 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY 
          FIGURE 12 WIRED TO BE FASTER-GROWING TECHNOLOGY SEGMENT DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL UTILITY COMMUNICATION MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing adoption of smart grid technologies
                    5.2.1.2 Growing demand for automation and industrial wireless communication systems
                    5.2.1.3 Increasing adoption of cloud-based utility communication solutions to drive market
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of deployment and maintenance
                    5.2.2.2 Lack of standards and interoperability
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising number of upcoming smart city projects in developing regions
                    5.2.3.2 Aging utility infrastructure
           5.2.4 CHALLENGES
                    5.2.4.1 Security concerns and cybersecurity threats
 
6 INDUSTRY TRENDS (Page No. - 58)
    6.1 INTRODUCTION 
    6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESSES 
           6.2.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDUSTRIAL UTILITY COMMUNICATION MANUFACTURERS
                    FIGURE 14 REVENUE SHIFT OF INDUSTRIAL UTILITY COMMUNICATION MARKET
    6.3 VALUE CHAIN ANALYSIS 
          FIGURE 15 VALUE CHAIN ANALYSIS
    6.4 ECOSYSTEM/MARKET MAP 
          TABLE 1 INDUSTRIAL UTILITY COMMUNICATION MARKET: ECOSYSTEM
    6.5 TECHNOLOGY ANALYSIS 
          TABLE 2 KEY TECHNOLOGIES OFFERED IN INDUSTRIAL UTILITY COMMUNICATION MARKET
          TABLE 3 COMPLEMENTARY TECHNOLOGIES OFFERED IN INDUSTRIAL UTILITY COMMUNICATION MARKET
          TABLE 4 ADJACENT TECHNOLOGIES OFFERED FOR INDUSTRIAL UTILITY COMMUNICATION MARKET
    6.6 PATENT ANALYSIS 
           6.6.1 INTRODUCTION
           6.6.2 METHODOLOGY
           6.6.3 DOCUMENT TYPE
                    TABLE 5 GRANTED PATENTS ACCOUNT FOR 35.1% OF TOTAL COUNT IN LAST 10 YEARS
                    6.6.3.1 Publication trends over last ten years
                                FIGURE 16 NUMBER OF PATENTS GRANTED IN YEAR OVER LAST 10 YEARS
           6.6.4 INSIGHTS
           6.6.5 LEGAL STATUS OF PATENTS
           6.6.6 JURISDICTION ANALYSIS
                    FIGURE 17 REGIONAL ANALYSIS OF PATENT GRANTED FOR INDUSTRIAL UTILITY COMMUNICATION MARKET, 2022
           6.6.7 TOP COMPANIES/APPLICANTS
                    FIGURE 18 TOP TEN COMPANIES WITH HIGHEST NUMBER OF PATENTS IN LAST TEN YEARS
                    TABLE 6 LIST OF MAJOR PATENTS FOR INDUSTRIAL UTILITY COMMUNICATION
           6.6.8 LIST OF MAJOR PATENTS
                    TABLE 7 MAJOR PATENTS FOR INDUSTRIAL UTILITY COMMUNICATION
    6.7 TRADE ANALYSIS 
           6.7.1 IMPORT SCENARIO
                    FIGURE 19 IMPORT OF INDUSTRIAL UTILITY COMMUNICATION, BY COUNTRY, 2019–2022
           6.7.2 EXPORT SCENARIO
                    FIGURE 20 EXPORT OF INDUSTRIAL UTILITY COMMUNICATION BY COUNTRY, 2019–2022
    6.8 KEY CONFERENCES & EVENTS IN 2023–2024 
          TABLE 8 INDUSTRIAL UTILITY COMMUNICATION MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    6.9 TARIFF & REGULATORY LANDSCAPE 
           6.9.1 TARIFF AND REGULATIONS RELATED TO INDUSTRIAL UTILITY COMMUNICATION
                    TABLE 9 TARIFF RELATED TO INDUSTRIAL UTILITY COMMUNICATION MARKET
           6.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 MIDDLE EAST AND AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.10 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 15 PORTER'S 5 FORCES IMPACT ON INDUSTRIAL UTILITY COMMUNICATION MARKET
           FIGURE 21 PORTER’S FIVE FORCES ANALYSIS: INDUSTRIAL UTILITY COMMUNICATION MARKET
           6.10.1 THREAT OF NEW ENTRANTS
           6.10.2 THREATS OF SUBSTITUTES
           6.10.3 BARGAINING POWER OF SUPPLIERS
           6.10.4 BARGAINING POWER OF BUYERS
           6.10.5 INTENSITY OF COMPETITIVE RIVALRY
    6.11 MACROECONOMIC INDICATORS 
           6.11.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
    6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 22 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 5 END-USE INDUSTRIES
                     TABLE 17 INFLUENCE OF INSTITUTIONAL BUYERS IN BUYING PROCESS FOR TOP 5 END-USE INDUSTRIES
           6.12.2 BUYING CRITERIA
                     FIGURE 23 KEY BUYING CRITERIA FOR APPLICATION
                     TABLE 18 KEY BUYING CRITERIA FOR APPLICATION
    6.13 CASE STUDY 
 
7 INDUSTRIAL UTILITY COMMUNICATION, BY COMPONENT (Page No. - 89)
    7.1 INTRODUCTION 
          FIGURE 24 HARDWARE TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION)
          TABLE 19 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
          TABLE 20 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
    7.2 HARDWARE 
           7.2.1 OPERATIONAL EFFICIENCY AND SEAMLESS DATA FLOW TO INCREASE DEMAND
    7.3 SOFTWARE 
           7.3.1 DATA INTEGRITY AND SECURE COMMUNICATION NETWORKS WITH ROBUST SOFTWARE CYBERSECURITY SOLUTIONS TO DRIVE MARKET
    7.4 SERVICES 
           7.4.1 STRATEGIC PLANNING AND OPTIMIZATION OF INDUSTRIAL COMMUNICATION INFRASTRUCTURE TO DRIVE MARKET
 
8 INDUSTRIAL UTILITY COMMUNICATION, BY TECHNOLOGY (Page No. - 96)
    8.1 INTRODUCTION 
          FIGURE 25 WIRED SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION)
          TABLE 21 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
          TABLE 22 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    8.2 WIRED 
           8.2.1 RELIABLE DATA TRANSMISSION EVEN IN CHALLENGING ENVIRONMENTS, ENSURING DEPENDABLE CONNECTIVITY, TO DRIVE MARKET
    8.3 WIRELESS 
           8.3.1 FLEXIBILITY AND CONNECTIVITY TO REMOTE AND INACCESSIBLE REGIONS TO DRIVE MARKET
 
9 INDUSTRIAL UTILITY COMMUNICATION, BY END-USE INDUSTRY (Page No. - 100)
    9.1 INTRODUCTION 
          FIGURE 26 OIL & GAS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION)
          TABLE 23 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
          TABLE 24 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
    9.2 POWER GENERATION 
           9.2.1 SEAMLESS COMMUNICATION NETWORKS TO OPTIMIZE GRID OPERATIONS AND ENSURE RELIABILITY TO DRIVE MARKET
    9.3 RENEWABLE POWER GENERATION 
           9.3.1 MONITORING AND CONTROL OF SOLAR, WIND, AND OTHER RENEWABLE GENERATION ASSETS TO DRIVE DEMAND
    9.4 AC TRANSMISSION 
           9.4.1 POWER DELIVERY ACROSS REGIONAL GRIDS, ENSURING STABILITY AND RELIABILITY IN ELECTRICAL NETWORKS, TO DRIVE MARKET
    9.5 HIGH VOLTAGE DIRECT CURRENT (HVDC) TRANSMISSION 
           9.5.1 ENHANCED EFFICIENCY AND LONG-DISTANCE POWER TRANSFER CAPABILITIES TO DRIVE MARKET
    9.6 POWER DISTRIBUTION 
           9.6.1 SEAMLESS POWER DISTRIBUTION TO INCREASE DEMAND
    9.7 EV CHARGING 
           9.7.1 REAL-TIME DATA ON CHARGING STATION AVAILABILITY, POWER CAPACITY, AND CHARGING RATES, ENHANCING USER EXPERIENCE, TO DRIVE MARKET
    9.8 OIL & GAS 
           9.8.1 REAL-TIME MONITORING AND CONTROL OF CRITICAL OPERATIONS TO DRIVE MARKET
    9.9 WATER/WASTEWATER 
           9.9.1 ENHANCED RESOURCE MANAGEMENT AND PROMOTION OF ECO-FRIENDLY PRACTICES IN WATER INDUSTRY TO DRIVE MARKET
    9.10 MINING 
           9.10.1 REMOTE MONITORING AND ENHANCE MINING OPERATIONS TO DRIVE DEMAND
    9.11 TRANSPORTATION 
           9.11.1 ENHANCED TRAFFIC MANAGEMENT BY DEPLOYING SMART INFRASTRUCTURE TO DRIVE DEMAND
    9.12 OTHER END-USE INDUSTRIES 
           9.12.1 MANUFACTURING
           9.12.2 CHEMICALS & METALS
           9.12.3 PULP & PAPER
 
10 INDUSTRIAL UTILITY COMMUNICATION, BY REGION (Page No. - 110)
     10.1 INTRODUCTION 
             FIGURE 27 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
             TABLE 25 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 26 INDUSTRIAL UTILITY COMMUNICATION MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 ASIA PACIFIC 
             FIGURE 28 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET SNAPSHOT
             10.2.1 RECESSION IMPACT
                        TABLE 27 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 28 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 29 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                        TABLE 30 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 31 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 32 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 33 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 34 ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.2 CHINA
                        10.2.2.1 Investments in smart city projects to drive market
                                      TABLE 35 CHINA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 36 CHINA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.3 JAPAN
                        10.2.3.1 Rise in automation and development of smart infrastructure to drive market
                                      TABLE 37 JAPAN: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 38 JAPAN: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.4 INDIA
                        10.2.4.1 Government investments in transportation industry to drive market
                                      TABLE 39 INDIA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 40 INDIA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.5 SOUTH KOREA
                        10.2.5.1 Rising demand for green energy sources and smart city initiatives to drive market
                                      TABLE 41 SOUTH KOREA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 42 SOUTH KOREA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.6 MALAYSIA
                        10.2.6.1 Increasing demand for smart infrastructure to drive market
                                      TABLE 43 MALAYSIA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 44 MALAYSIA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.7 AUSTRALIA
                        10.2.7.1 Transport industry and smart infrastructure to drive market
                                      TABLE 45 AUSTRALIA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 46 AUSTRALIA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.2.8 REST OF ASIA PACIFIC
                        TABLE 47 REST OF ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 48 REST OF ASIA PACIFIC: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.3 EUROPE 
             FIGURE 29 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET SNAPSHOT
             10.3.1 RECESSION IMPACT
                        TABLE 49 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 50 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 51 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                        TABLE 52 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 53 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 54 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 55 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 56 EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.2 UK
                        10.3.2.1 Increasing threats from cybersecurity and rapid digitalization to drive market
                                      TABLE 57 UK: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 58 UK: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.3 GERMANY
                        10.3.3.1 Growing demand for smart manufacturing technologies to drive market
                                      TABLE 59 GERMANY: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 60 GERMANY: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.4 ITALY
                        10.3.4.1 Rising adoption of smart technologies to drive market
                                      TABLE 61 ITALY: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 62 ITALY: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.5 FRANCE
                        10.3.5.1 Growth in transportation industry and sustainable mobility to drive market
                                      TABLE 63 FRANCE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 64 FRANCE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.6 SPAIN
                        10.3.6.1 Government investments in 5g technologies and digital infrastructures to drive market
                                      TABLE 65 SPAIN: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 66 SPAIN: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.3.7 REST OF EUROPE
                        TABLE 67 REST OF EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 68 REST OF EUROPE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.4 NORTH AMERICA 
             FIGURE 30 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET SNAPSHOT
             10.4.1 RECESSION IMPACT
                        TABLE 69 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 70 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 71 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                        TABLE 72 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 73 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 74 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 75 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 76 NORTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.2 US
                        10.4.2.1 Growing power industry and significant government investments to drive market
                                      TABLE 77 US: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 78 US: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.3 CANADA
                        10.4.3.1 Government investments in oil & gas and mining industries to drive market
                                      TABLE 79 CANADA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 80 CANADA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.4.4 MEXICO
                        10.4.4.1 Investments in industrial sector to drive market
                                      TABLE 81 MEXICO: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 82 MEXICO: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.5 SOUTH AMERICA 
             10.5.1 RECESSION IMPACT
                        TABLE 83 SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 84 SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 85 SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                        TABLE 86 SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 87 SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 88 SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 89 SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 90 SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.2 BRAZIL
                        10.5.2.1 Government support and investments in digitalization and 5g technologies to drive market
                                      TABLE 91 BRAZIL: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 92 BRAZIL: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.3 ARGENTINA
                        10.5.3.1 Growing focus on digitalization and need for cybersecurity to drive market
                                      TABLE 93 ARGENTINA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 94 ARGENTINA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.5.4 REST OF SOUTH AMERICA
                        TABLE 95 REST OF SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 96 REST OF SOUTH AMERICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.6 MIDDLE EAST & AFRICA 
             10.6.1 RECESSION IMPACT
                        TABLE 97 MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 98 MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 99 MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                        TABLE 100 MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                        TABLE 101 MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 102 MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 103 MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 104 MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.6.2 GCC COUNTRIES
                        10.6.2.1 Saudi Arabia
                                     10.6.2.1.1 Investments in smart cities to drive market
                                                      TABLE 105 SAUDI ARABIA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                                      TABLE 106 SAUDI ARABIA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        10.6.2.2 UAE
                                     10.6.2.2.1 Government focus on smart city development to drive market
                                                      TABLE 107 UAE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                                      TABLE 108 UAE: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        10.6.2.3 Rest of GCC Countries
                                      TABLE 109 REST OF GCC COUNTRIES: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 110 REST OF GCC COUNTRIES: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.6.3 SOUTH AFRICA
                        10.6.3.1 Growing mining industry and development of smart cities to drive market
                                      TABLE 111 SOUTH AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                                      TABLE 112 SOUTH AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             10.6.4 REST OF MIDDLE EAST AND AFRICA
                        TABLE 113 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
                        TABLE 114 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL UTILITY COMMUNICATION MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 182)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY INDUSTRIAL UTILITY COMMUNICATION MANUFACTURERS
     11.3 MARKET SHARE ANALYSIS 
             11.3.1 RANKING OF KEY MARKET PLAYERS, 2022
                        FIGURE 31 RANKING OF TOP FIVE PLAYERS INDUSTRIAL UTILITY COMMUNICATION, 2022
             11.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 115 INDUSTRIAL UTILITY COMMUNICATION: DEGREE OF COMPETITION
                        FIGURE 32 INDUSTRIAL UTILITY COMMUNICATION MARKET: MARKET SHARE ANALYSIS
     11.4 REVENUE ANALYSIS 
             FIGURE 33 REVENUE ANALYSIS OF KEY PLAYERS, 2021–2024
     11.5 COMPANY EVALUATION MATRIX 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 34 INDUSTRIAL UTILITY COMMUNICATION MARKET: COMPANY EVALUATION MATRIX, 2022
             11.5.5 COMPANY FOOTPRINT ANALYSIS
                        TABLE 116 INDUSTRIAL UTILITY COMMUNICATION MARKET: KEY COMPANY END-USE INDUSTRY FOOTPRINT
                        TABLE 117 INDUSTRIAL UTILITY COMMUNICATION MARKET: KEY COMPANY COMPONENT TYPE FOOTPRINT
                        TABLE 118 INDUSTRIAL UTILITY COMMUNICATION MARKET: KEY COMPANY BY TECHNOLOGY FOOTPRINT
                        TABLE 119 INDUSTRIAL UTILITY COMMUNICATION MARKET: KEY COMPANY REGION FOOTPRINT
     11.6 STARTUP/SME EVALUATION MATRIX 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 35 INDUSTRIAL UTILITY COMMUNICATION MARKET: STARTUP/SME COMPANY EVALUATION MATRIX, 2022
             11.6.5 COMPETITIVE BENCHMARKING
                        TABLE 120 INDUSTRIAL UTILITY COMMUNICATION MARKET: KEY STARTUPS/SMES
                        11.6.5.1 Industrial Utility Communication Market: Competitive Benchmarking of Key Start-Ups/SMEs
                                      TABLE 121 INDUSTRIAL UTILITY COMMUNICATIONS PLAYERS END-USE INDUSTRY FOOTPRINT
                                      TABLE 122 SME PLAYERS COMPONENT TYPE FOOTPRINT
                                      TABLE 123 SME PLAYERS BY TECHNOLOGY FOOTPRINT
                                      TABLE 124 INDUSTRIAL UTILITY COMMUNICATION MARKET: SME PLAYER REGION FOOTPRINT
     11.7 COMPETITIVE SCENARIOS AND TRENDS 
             11.7.1 PRODUCT LAUNCHES
                        TABLE 125 INDUSTRIAL UTILITY COMMUNICATION MARKET: PRODUCT LAUNCHES (2021–2023)
             11.7.2 DEALS
                        TABLE 126 INDUSTRIAL UTILITY COMMUNICATION MARKET: DEALS (2020–2023)
             11.7.3 OTHER DEVELOPMENTS
                        TABLE 127 INDUSTRIAL UTILITY COMMUNICATION MARKET: OTHER DEVELOPMENTS (2022–2023)
 
12 COMPANY PROFILES (Page No. - 222)
     12.1 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             12.1.1 GENERAL ELECTRIC
                        TABLE 128 GENERAL ELECTRIC: COMPANY OVERVIEW
                        FIGURE 36 GENERAL ELECTRIC: COMPANY SNAPSHOT
                        TABLE 129 GENERAL ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 130 GENERAL ELECTRIC: DEALS
             12.1.2 SIEMENS
                        TABLE 131 SIEMENS: COMPANY OVERVIEW
                        FIGURE 37 SIEMENS: COMPANY SNAPSHOT
                        TABLE 132 SIEMENS: PRODUCTS
                        TABLE 133 SIEMENS: PRODUCT LAUNCHES
                        TABLE 134 SIEMENS: DEALS
                        TABLE 135 SIEMENS: OTHERS
             12.1.3 SCHNEIDER ELECTRIC
                        TABLE 136 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
                        FIGURE 38 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                        TABLE 137 SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 138 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
                        TABLE 139 SCHNEIDER ELECTRIC: DEALS
             12.1.4 HITACHI ENERGY LTD.
                        TABLE 140 HITACHI ENERGY LTD.: COMPANY OVERVIEW
                        FIGURE 39 HITACHI ENERGY LTD.: COMPANY SNAPSHOT
                        TABLE 141 HITACHI ENERGY LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 142 HITACHI ENERGY LTD.: PRODUCT LAUNCHES
                        TABLE 143 HITACHI ENERGY LTD.: DEALS
             12.1.5 FUJITSU
                        TABLE 144 FUJITSU: COMPANY OVERVIEW
                        FIGURE 40 FUJITSU: COMPANY SNAPSHOT
                        TABLE 145 FUJITSU: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 146 FUJITSU: PRODUCT LAUNCHES
                        TABLE 147 FUJITSU: DEALS
             12.1.6 MOTOROLA SOLUTIONS, INC.
                        TABLE 148 MOTOROLA SOLUTIONS, INC.: COMPANY OVERVIEW
                        FIGURE 41 MOTOROLA SOLUTIONS, INC.: COMPANY SNAPSHOT
                        TABLE 149 MOTOROLA SOLUTIONS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 150 MOTOROLA SOLUTIONS, INC.: PRODUCT LAUNCHES
                        TABLE 151 MOTOROLA SOLUTIONS, INC.: DEALS
                        TABLE 152 MOTOROLA SOLUTIONS, INC.: OTHERS
             12.1.7 TELEFONAKTIEBOLAGET LM ERICSSON
                        TABLE 153 TELEFONAKTIEBOLAGET LM ERICSSON: COMPANY OVERVIEW
                        FIGURE 42 TELEFONAKTIEBOLAGET LM ERICSSON: COMPANY SNAPSHOT
                        TABLE 154 TELEFONAKTIEBOLAGET LM ERICSSON: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 155 TELEFONAKTIEBOLAGET LM ERICSSON: PRODUCT LAUNCHES
                        TABLE 156 TELEFONAKTIEBOLAGET LM ERICSSON: DEALS
                        TABLE 157 TELEFONAKTIEBOLAGET LM ERICSSON: OTHERS
             12.1.8 NOKIA
                        TABLE 158 NOKIA: COMPANY OVERVIEW
                        FIGURE 43 NOKIA: COMPANY SNAPSHOT
                        TABLE 159 NOKIA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 160 NOKIA: PRODUCT LAUNCHES
                        TABLE 161 NOKIA: DEALS
                        TABLE 162 NOKIA: OTHERS
             12.1.9 ITRON INC.
                        TABLE 163 ITRON INC.: COMPANY OVERVIEW
                        FIGURE 44 ITRON INC.: COMPANY SNAPSHOT
                        TABLE 164 ITRON INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 165 ITRON INC.: PRODUCT LAUNCHES
                        TABLE 166 ITRON INC.: DEALS
             12.1.10 CISCO SYSTEMS, INC.
                        TABLE 167 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
                        FIGURE 45 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
                        TABLE 168 CISCO SYSTEMS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 169 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES
                        TABLE 170 CISCO SYSTEMS, INC.: DEALS
             12.1.11 EMERSON ELECTRIC CO.
                        TABLE 171 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
                        FIGURE 46 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
                        TABLE 172 EMERSON ELECTRIC CO.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 173 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES
                        TABLE 174 EMERSON ELECTRIC CO.: DEALS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS 
             12.2.1 ZTE CORPORATION
                        TABLE 175 ZTE CORPORATION: COMPANY OVERVIEW
             12.2.2 LANDIS+GYR
                        TABLE 176 LANDIS+GYR: COMPANY OVERVIEW
             12.2.3 RIBBON COMMUNICATIONS OPERATING COMPANY, INC.
                        TABLE 177 RIBBON COMMUNICATIONS OPERATING COMPANY, INC.: COMPANY OVERVIEW
             12.2.4 TRILLIANT HOLDINGS INC.
                        TABLE 178 TRILLIANT HOLDINGS INC.: COMPANY OVERVIEW
             12.2.5 MILSOFT UTILITY SOLUTIONS
                        TABLE 179 MILSOFT UTILITY SOLUTIONS: COMPANY OVERVIEW
             12.2.6 VALIANT COMMUNICATIONS
                        TABLE 180 VALIANT COMMUNICATIONS: COMPANY OVERVIEW
             12.2.7 BLACK & VEATCH HOLDING
                        TABLE 181 BLACK & VEATCH HOLDING: COMPANY OVERVIEW
             12.2.8 RAD
                        TABLE 182 RAD: COMPANY OVERVIEW
             12.2.9 SENSUS, A XYLEM BRAND
                        TABLE 183 SENSUS, A XYLEM BRAND: COMPANY OVERVIEW
             12.2.10 DIGI INTERNATIONAL INC.
                        TABLE 184 DIGI INTERNATIONAL INC.: COMPANY OVERVIEW
             12.2.11 EATON
                        TABLE 185 EATON: COMPANY OVERVIEW
             12.2.12 HONEYWELL INTERNATIONAL INC.
                        TABLE 186 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
             12.2.13 AZBIL CORPORATION
                        TABLE 187 AZBIL CORPORATION: COMPANY OVERVIEW
             12.2.14 ROCKWELL AUTOMATION
                        TABLE 188 ROCKWELL AUTOMATION: COMPANY OVERVIEW
             12.2.15 HUAWEI TECHNOLOGIES CO., LTD.
                        TABLE 189 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
             12.2.16 SIERRA WIRELESS
                        TABLE 190 SIERRA WIRELESS: COMPANY OVERVIEW
             12.2.17 CRADLEPOINT, INC.
                        TABLE 191 CRADLEPOINT, INC.: COMPANY OVERVIEW
             12.2.18 WESTERMO - A EPENDION COMPANY
                        TABLE 192 WESTERMO - A EPENDION COMPANY: COMPANY OVERVIEW
             12.2.19 4RF LIMITED
                        TABLE 193 4RF LIMITED: COMPANY OVERVIEW
             12.2.20 MIMOMAX
                        TABLE 194 MIMOMAX: COMPANY OVERVIEW
             12.2.21 FREEWAVE TECHNOLOGIES, INC.
                        TABLE 195 FREEWAVE TECHNOLOGIES, INC.: COMPANY OVERVIEW
             12.2.22 CAMBIUM NETWORKS, LTD.
                        TABLE 196 CAMBIUM NETWORKS, LTD.: COMPANY OVERVIEW
             12.2.23 XETAWAVE, LLC.
                        TABLE 197 XETAWAVE, LLC.: COMPANY OVERVIEW
             12.2.24 RACOM
                        TABLE 198 RACOM: COMPANY OVERVIEW
             12.2.25 SCHWEITZER ENGINEERING LABORATORIES, INC.
                        TABLE 199 SCHWEITZER ENGINEERING LABORATORIES, INC.: COMPANY OVERVIEW
             12.2.26 BELDEN INC.
                        TABLE 200 BELDEN INC.: COMPANY OVERVIEW
             12.2.27 MOXA INC.
                        TABLE 201 MOXA INC.: COMPANY OVERVIEW
             12.2.28 ZIV
                        TABLE 202 ZIV: COMPANY OVERVIEW
             12.2.29 DIGITALPLATFORMS S.P.A.
                        TABLE 203 DIGITALPLATFORMS S.P.A.: COMPANY OVERVIEW
 
13 APPENDIX (Page No. - 312)
     13.1 INSIGHTS OF INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

The study involved four major activities in estimating the market size of the industrial utility communication market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, articles from recognized authors, the gold standard and silver standard websites, and databases.

Secondary research has been used to obtain key information about the value chain of the industry, the monetary chain of the market, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The industrial utility communication market comprises several stakeholders in the value chain, which include input suppliers, equipment manufacturers, technology providers, service providers, distribution and logistics, and end users. Various primary sources from the supply and demand sides of the industrial utility communication market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the industrial utility communication industry.

Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of industrial utility communication the outlook of their business, which will affect the overall market.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Industrial Utility Communication Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022, available in the public domain, product portfolios, and geographical presence.

Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

Company name

Designation

Schneider Electric

Head of  Partnerships for Digital Grid

Siemens

Head of Industrial Engineering and Planning

General Electric

R&D Manager

Nokia

Marketing Manager

Hitachi Energy Ltd.

Product & Sales Manager

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the industrial utility communication market.

  • The key players in the industry have been identified through extensive secondary research.
  • The industry's supply chain has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Industrial Utility Communication Market: Bottum-Up Approach

Industrial Utility Communication Market Size, and Share

Note: All the shares are based on the global market size.

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Industrial Utility Communication Market: Top-Down Approach

Industrial Utility Communication Market Size, and Share

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Market Definition

The global industrial utility communication market is a thriving industry fueled by the escalating demand for communication products across various end use industries. This market focuses on establishing robust, reliable, and efficient communication infrastructures that facilitate seamless data transmission, control, and monitoring within industrial environments. The market features a multitude of regional and global players, each offering a diverse range of industrial utility communication products. Geographically, the Asia-Pacific region dominates the global industrial utility communication market, followed by North America and Europe. Asia-Pacific is the largest regional market, fueled by the rapid industrialization and urbanization in the region. China and India are the major contributors to the growth of the industrial utility communication market in Asia-Pacific. Europe holds the second-largest market share, with a strong presence of global and regional players. North America is a mature market but is witnessing steady growth due to government investments and rising demand for advanced communication technologies.

Key Stakeholders

  • Raw material suppliers.
  • Industrial utility communication manufacturers, software suppliers.
  • Service Providers & Grid Operators.
  • End-use industry participants.
  • Government and research organizations.
  • Associations and industrial bodies.
  • Research & development (R&D) institutions.
  • Environmental support agencies.

Report Objectives

  • To define, describe, and forecast the size of the Industrial utility communication market, in terms of value.
  • To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
  • To estimate and forecast the market size based on by technology, by component, end-use industry and region.
  • To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries.
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
  • To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
  • To strategically profile key market players and comprehensively analyze their core competencies.

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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