Market Size (2015)
2015
$7.59B
Energy & Power
Utility Communication Market
By Segment, By Region, And Segment Forecasts, 2015 – 2023
Vertical: EnPBase Year: 201610 Sections
Executive Summary
Utility Communication Market — Snapshot
Projected (2023)
2023
$23.70B
CAGR (2015–2023)
15.3%
15.3%Key Players
109+
The demand for digital communication networks for utilities such as water, power and oil & gas is growing rapidly owing to various advantages, including automatic functioning, integrated communication systems, user friendly interface, and better operational efficiency. A variety of communication media are deployed nowadays for better monitoring and controlling in any utility network such as optical fiber, power line carrier technologies, cellular, WiMax, Spread spectrum radio systems.
The global utility communication market is projected to grow at 15.50% CAGR during the forecast period, 2018–2023. In 2017, the global utility communication market was led by Asia-Pacific with a 34.2% share, followed by Europe and North America with shares of 25.4% and 21.7%, respectively.
The global utility communication market has been segmented based on technology, utility type, and region. On the basis of technology, the market has been segmented into, wireless technology and wired technology. The wired technology is expected to grow at a faster rate during the forecast period. In 2017, the wired technology segment held 60.6% share of the global utility communication market. On the basis of utility type, the market has been segmented into, public utility and private utility. The private utility is expected to grow at the fastest rate during the forecast period. In 2017, the public utility segment held a 25.3% share of the global utility communication market.
Key Insight
The Utility Communication Market market is projected to grow at a CAGR of 15.3% from 2015 to 2023.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 5 regions: Asia Pacific, Europe, Middle East and Africa, South America, North America.
- Market Segmentation: The market is analyzed across 2 segments: Wired, Wireless. Forecasts are provided for each segment from 2015 to 2023.
- Competitive Landscape: 109 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Utility Communication Market — Growth Trajectory
The utility communication is the groundwork for two-way communication between the utility and the end-users through all the data points deployed across the network. Utility communication helps monitor and control grid equipment, measures electric network performance, and delivers information in real-time to control centers. There are various utility communication technologies, which are deployed in the oil & gas utilities, and in T&D networks including fiber optics, power line carrier (PLC), ethernet, WiMax, microwave & radio communication, and mesh.
A reliable, secure, and economical communication solution for utilities is closely linked with efficient, fast, and dependable infrastructure, which helps utilities attain lower operating costs, high energy conservation, and less customer complaints.
Utility Communication Market — Growth Trajectory
Wired
Wireless
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View Subscription PlansMarket Size Trend (USD Mn)
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View Subscription PlansMarket Dimensions
How this market is segmented
- Technology Technology is broken down into: Wired, Wireless.
- Utility Type Utility Type is broken down into: Public, Private.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific market size reached $2.55B in 2015 and is projected to reach $8.50B by 2023, growing at a CAGR of 16.2%.
- Europe Europe market size reached $1.94B in 2015 and is projected to reach $5.90B by 2023, growing at a CAGR of 14.9%.
- Middle East and Africa Middle East and Africa market size reached $857.20M in 2015 and is projected to reach $2.37B by 2023, growing at a CAGR of 13.5%.
- South America South America market size reached $604.30M in 2015 and is projected to reach $1.75B by 2023, growing at a CAGR of 14.3%.
- North America North America market size reached $1.64B in 2015 and is projected to reach $5.18B by 2023, growing at a CAGR of 15.4%.
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View Subscription PlansResearch Methodology
Utility Communication Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2016
Historical Period
2015 – 2016
Forecast Period
2016 – 2023
Primary Interviews
150+
Research Process
Historical data (2015–2016) and forecast period (2016–2023)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansCompetitive Landscape & Porter's Five Forces
Utility Communication Market — Competitive Analysis
Threat of New Entrants
The global utility communication market is expected to witness significant growth,owing to the increasing smart grid activities leading to the use of mobile devices, changing utility billing practices, and stringent regulations that benefit utilities. Factors such as the need for high initial investments and a vast customer base might restrict the entry of new players in the market. The major players in the global utility communication market are experienced and established players who hold the largest market share, owing to their innovative approaches and the effective implementation of technology. Some of the key players of the market are ABB, Siemens, Schneider Electric, and Landis+Gyr. Moreover, the presence of well-established players with a wide geographic reach makes it difficult for new players to achieve economies of scale and large profit margins. Additionally, the integration of communication technologies requires a certain amount of expertise and involves continuous process of product innovation to maintain a position in the market. This makes these utility communication solutions technologically complex. Therefore, the threat of new entrants is low to moderate in the global utility communication market.
Bargaining Power of Suppliers
The need for reliable and efficient utility communication has propelled the utility communication system suppliers to focus on the research and development, design, and implementation of utility communication products and services in different industry verticals. The global utility communication market is dominated by few major players who constantly invest in research and development for product innovation.The major suppliers of utility communication include Siemens, ABB, General Electric, Schneider Electric, and Landis+Gyr.Thus, all these factors moderate the bargaining power of suppliers in the global utility communication market.
Bargaining Power of Buyers
Although the buyers in this market can broadly be categorized as public and private utilities, there are only a few large manufacturers, such as ABB, General Electric, Siemens, and Schneider Electric, with strong brand identities. Additionally, the global utility communication market is dominated by these players to a large extent. Hence, the bargaining power of buyers in the global utility communication market,is moderate.
Threat of Substitutes
Utility communication is the groundwork for two-way communication between the utility providers and the end users through all the communication technologies deployed across the utility network. Utility digital communication helps in monitoring and controlling grid equipment, measures power network performance, and delivers information in real-time to control centers. Presently, in the global utility communication market, there are no substitutes for communication technologies. Therefore, the threat of substitutes in the global utility communication market,is low.
Intensity of Rivalry
There is intense competition among the existing players, such as ABB, General Electric, Siemens, Schneider Electric, and Landis+Gyr, with the vendors who are investing heavily in research and development to meet the growing demand for communication systems in utilities. Moreover, these players hold a major share in the utility communication market. Thus, the intensity of rivalry in the global utility communication market, is high.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Utility Communication Market.
Regional Market Size (USD Mn)
Market estimates by geography (2023)
USD Mn
InsightAsia Pacific leads with $8.50B by 2023.
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View Subscription PlansRegional Market Data
| REGION | 2015 | 2016 | 2023 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $2.55B | $4.59B | $8.50B | 16.2% | 36% |
| Europe | $1.94B | $3.33B | $5.90B | 14.9% | 25% |
| Middle East and Africa | $857.20M | $1.40B | $2.37B | 13.5% | 10% |
| South America | $604.30M | $1.02B | $1.75B | 14.3% | 7% |
| North America | $1.64B | $2.88B | $5.18B | 15.4% | 22% |
| Total | $7.59B | $13.22B | $23.70B | 15.3% | 100% |
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View Subscription PlansSegment Revenue (2023)
Wired
Wireless
0413282631239516526
Segment Market Share
- Wired63%
- Wireless37%
Total Market Size
$23.70B
Market by Segment (2023)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Wired | $15.02B | 15.3% | 87% |
| Wireless | $8.68B | 15.3% | 89% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Utility Communication Market — Key Findings
Analytical insights on Utility Communication Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Utility Communication Market market is projected to reach $23.70B by 2023, growing at 15.3% CAGR. The Wired segment holds the largest share.
Market Dynamics
The demand for digital communication networks for utilities such as water, power and oil & gas is growing rapidly owing to various advantages, including automatic functioning, integrated communication systems, user friendly interface, and better operational efficiency. The market growth is mainly driven by stringent government regulations benefiting utilities and changing utility billing systems. Moreover, increasing smart grid activities leading to the use of mobile devices has fueled the market growth. However, high initial investment may slow the growth of the market.
Market Drivers
The electric, gas, and water utility companies that provide services to end users are generally regulated by the state, local, and federal agencies. These agencies regulate and oversee the prices that utilities charge for their services, their budget and construction plants, and their energy efficiency programs. Utilities across the globe have been witnessing a significant change in terms of advanced communication technologies in the last few years. Moreover, utilities are increasingly focusing on upgrading their entire network and witnessing a substantial integration of disruptive communication technologies into the utility network to achieve energy targets, across the globe. There is a rising demand for digitalization in utility systems, including the deployment of communication technologies. Governments of various emerging economies have shifted their focus towards automating their communication network by integrating their existing infrastructure with new communication technologies.
For instance, the South African government has mandated that the annual power consumption of more than 1,000 kWh would require smart meters. On the other hand, the US has taken a leading position in the smart meter rollouts, with 76 million smart meters deployed in 2017. Moreover, according to the European regulatory authorities, all the new electricity meter installations should be equipped with remote management. This will result in the requirement of the communication technologies, which are integrated with smart meters. All these factors are expected to drive the global utility communication market during the forecast period.
Market Opportunities
The investment in digitalization and smart cities have grown significantly over the last few years. Digitalization is an emerging trend, which is influencing the power industry including the deployment of smart utility communication devices, owing to the fact that they are an important part of a smart grid. Smart grids, with the integration of renewable energy resources and the demand for more reliable energy distribution systems, are triggering new business models involving new regulatory frameworks regarding the deployment of utility communication. Many utilities around the world have already introduced various mobile technologies for bill modification activities and payment purposes. Hence, utilities have a lot of opportunities for deploying utility communication technologies to make strategic improvements to their existing businesses. Moreover, the introduction of 5G technology will integrate all wireless technologies and will concentrate on three aspects including flexibility, self-oriented management, and scalability. Thus, the growing trend of digitization and smart cities is projected to be an opportunity for the global utility communication market during the forecast period.
Market Restraints
The investments being made in utility communication technologies by various major utilities present a lot of opportunities for them to cut down on energy consumption, thereby increasing the efficiency of power supply. However, there are many other utilities, especially in developing economies, which are still hesitant in investing massive amounts of money in integrating new and advanced communication technologies with their existing infrastructure or setting up a whole new infrastructure. Moreover, these utilities with limited funds are also hesitant because to invest in advanced communication technologies, they will have to divest from other key business areas. For instance, Brazil, the largest economy of South America, is the largest electricity producer. However, due to the slowdown in the growth of the economy, the investment in smart grid technologies has suffered. Therefore, the high initial investments could restrain the growth of the global utility communication market during the forecast period.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2023)
Value (USD Mn)
Wired
Wireless
Companies
Key companies profiled in Utility Communication Market
Profiles of 109 companies operating in the Utility Communication Market market, including revenue, employee count, and market positioning where available.
Showing 109 of 109 companies
Black & Ve
Black & Veatch Holding Company
Energy & Power
Black & Veatch Holding Company is an engineering, procurement, consulting and construction company with a wide product portfolio serving various end users, such as oil & gas, power, smart cities, telecommunication, and transportation. It provides turnkey information and communications technology (ICT) solutions, including wireless, wireline and IP networks. Additionally, it provides information and operational technology (IT and OT) systems that are used for sharing secured information, monitoring and control, and data analytics. Currently, Black & Veatch Holding Company has more than 110 offices, worldwide, and has presence in more than 100 countries, globally. Some of its subsidiaries are Black and Veatch International Company (UK), Ariston Consulting & Technologies, Inc. (US), and BV Solutions Group, Inc. (US). It primarily competes with Schneider Electric (France), ABB (Switzerland), Ericsson (Sweden), General Electric (US), and Digi International, Inc. (US).
RevenueN/A
EmployeesN/A
Market CapN/A
FoundedN/A
United States, North America
Itron Inc.
Itron Inc.
Energy & Power
Itron Inc. is a one of the global leaders in providing technologically advanced products and services for industries, such as gas, water, power, and IT industry, globally. It provides a comprehensive portfolio of products and solutions in order to measure, manage and analyse components included in energy, gas and water industries. The broad product portfolio offered by the company includes thermal measurement devices for electricity, gas, and water utilities. Moreover, the company also provide solutions related to control technology, communications systems, and software. It provides technologies such as power line carrier (plc), radio frequency (RF), and WIFI under communications systems division. The company has three business segments, which are electricity, gas, and water. The utility communication products are offered under all its three segments catering to all the end users within electricity, gas, and water industries. The company has a presence in more than 100 countries, globally with key locations such as Argentina, Australia, China, France, Germany, India, Italy, Japan, Mexico, South Africa, South Korea, the UAE, and the US. Its major subsidiaries are Itron Australasia Technologies Pty Limited (Australia), Itron Holding France (France), Arabian Metering Company (Saudi Arabia), Ganz Meter Company Ltd. (Hungary), and Itron Austria GmbH (Austria). It primarily competes with five major competitors in the market namely, Schneider Electric (France), ABB (Switzerland), General Electric (US), Black & Veatch Holding Company (US), and Digi International, Inc. (US).
Revenue$1.9B
EmployeesN/A
Market CapN/A
FoundedN/A
United States, North America
Trilliant
Trilliant Incorporated
Energy & Power
Trilliant Incorporated is one of the providers of communication solutions for energy and utilities service providers. Trilliant Incorporated works under its parent organization, Trilliant Holdings, Inc. It offers products and services related to smart grid, wireless communications, AMI metering, distribution automation, Internet of Things (IoT), networking, and Industrial Internet of Things (IIoT) for power utilities. The utility communication products & services for utilities, such as cellular, SecureMesh NAN, SecureMesh WAN, and random phase multiple access are offered under the network technology business segment. Additionally, the company provides software solutions in terms of a platform that acts as the controller for all the connected devices within the utilities. Trilliant Incorporated offers its products and solutions, across 50 countries, globally. It has major operations in countries, such as the US, Canada, the UK, and Singapore. It primarily competes with Blue Pillar (UK), Tantalus Systems Corp (US), and Enbala (US).
RevenueN/A
EmployeesN/A
Market CapN/A
FoundedN/A
United States, North America
RAD
RAD
Energy & Power
RAD is the global telecom access solution provider for service providers in power utilities, transportation systems and government agencies. It offers products and services, including vCPE Toolbox, ethernet access devices & routers, multiservice switches & routers, ruggedized switches & routers, broadband wireless, and packet operational WAN for power utilities. The communication products & services for utilities offered by the company contribute to the under utilities segment, which includes products and services, such as ethernet access devices, routers, multiservice switches, broadband wireless, and multiservice operational WAN for power utilities. RAD offers its products and solutions across 150 countries, globally. It has operations in countries, such as China, France, Japan, Philippines, the UK, Russia, Germany, India, Austrailia, and the US. Some of the key subsidiaries of the company are Radwin (Israel), LEAD IP Systems Ltd, RAD Data Communications, Inc., and RaDirect Inc. It primarily competes with Day Wireless Systems (US), cellXica ltd (UK), and 3SAE Technologies Inc (US).
RevenueN/A
EmployeesN/A
Market CapN/A
FoundedN/A
United States, North America
Landis+Gyr
Landis+Gyr
ICT
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Revenue$1.5B
Employees5,900
Market CapN/A
Founded1985
Switzerland
SCHNEIDER
SCHNEIDER ELECTRIC
Energy & Power
Company Headquarters: Rueil-Malmaison, France Founded: 1836 Workforce: ~1,42,000 Company Working: Schneider Electric is a leading multinational corporation, which offers solutions for the digital transformation of energy management and automation industries. It offers its products and services for applications in homes, buildings, data centers, infrastructure, and industrial operations. Furthermore, the company also offers solutions for integrated efficiency, combining energy, automation, and software applications. Schneider Electric operates through four business segments, which are low voltage (building), medium voltage (infrastructure), industrial automation (industry), and secure power (IT). The low voltage business segment offers electrical distribution products and solutions including circuit breakers, power monitoring and control, power meters, electrical enclosures, busways, cable management systems, renewable energy conversion and connection equipment and electric vehicle charging infrastructures. The major subsidiaries of the company are American Power Conversion Corporation, Clipsal, Pelco, ASCO Power Technologies, Feller AG, Luminous Power Technologies, Digital Electronics Corporation, Summit Energy Services, Inc., APC Holdings Inc., and Schneider Electric Buildings Americas, Inc. It primarily competes with companies, such as ABB, Siemens, Eaton, and Aerovironment. Schneider Electric offers its products and services in more than 100 countries including Brazil, Canada, China, Denmark, France, Germany, India, Russia, the UK, and the US. It has 208 plants and 98 distribution centers, across the globe.
Revenue$27.0B
Employees142,000
Market CapN/A
Founded1835
Rueil-Malmaison, France
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Utility Communication Market
Starting from
$4,950