The North America Utility Communication Market should witness market growth of 5.2% CAGR during the forecast period (2022-2028).
The exponential growth of utility communication networks has been fueled by the expansion of distributed resources and renewable energy sources. During the projection period, utility communication is expected to be adopted more widely in smart city projects worldwide along with the production of renewable resources.
In order to upgrade their matrices, utilities are investing in complicated frameworks and two-way correspondences. Modern systems require a communications network that is reliable, powerful, and extraordinarily accessible in order to handle expanding complexity. Utility companies modernise their network by integrating sophisticated devices into their power delivery systems.
The executives and control programmes are run at server farms and utility substations, necessitating two-way communication in order to efficiently manage all network resources. A principles-based communication organization makes it possible for new applications such as automated metering infrastructure (AMI), distribution mechanization, linking of circulated energy resources, blackout managers, scheduled load shedding, and request reaction programs.
The Energy Policy Act of 1992 (codified as 42 USC Section 8256 (c) Utility Incentive Programs) enables and encourages agencies to engage in widely available utility programs to promote energy efficiency, preserve water, or regulate electricity consumption. The General Services Administration (GSA) makes long-term (10-year) government-wide contracts with controlled public utility firms across the United States to facilitate the ordering and management of utility services.
The US market dominated the North America Utility Communication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5, 599.3 million by 2028. The Canada market is poised to grow at a CAGR of 7.6% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.7% during (2022-2028).
Based on Component, the market is segmented into Hardware and Software. Based on Utility Type, the market is segmented into Public and Private. Based on Application, the market is segmented into Transmission & Distribution, Oil & Gas Utilities and Others. Based on Technology, the market is segmented into Wired and Wireless. Based on End-user, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, Schneider Electric SE, General Electric (GE) Co., Siemens AG, Motorola Solutions, Inc., Xylem, Inc. (Sensus), Itron, Inc., Trilliant Holding Inc., Digi International Inc., and Nokia Corporation.
The exponential growth of utility communication networks has been fueled by the expansion of distributed resources and renewable energy sources. During the projection period, utility communication is expected to be adopted more widely in smart city projects worldwide along with the production of renewable resources.
In order to upgrade their matrices, utilities are investing in complicated frameworks and two-way correspondences. Modern systems require a communications network that is reliable, powerful, and extraordinarily accessible in order to handle expanding complexity. Utility companies modernise their network by integrating sophisticated devices into their power delivery systems.
The executives and control programmes are run at server farms and utility substations, necessitating two-way communication in order to efficiently manage all network resources. A principles-based communication organization makes it possible for new applications such as automated metering infrastructure (AMI), distribution mechanization, linking of circulated energy resources, blackout managers, scheduled load shedding, and request reaction programs.
The Energy Policy Act of 1992 (codified as 42 USC Section 8256 (c) Utility Incentive Programs) enables and encourages agencies to engage in widely available utility programs to promote energy efficiency, preserve water, or regulate electricity consumption. The General Services Administration (GSA) makes long-term (10-year) government-wide contracts with controlled public utility firms across the United States to facilitate the ordering and management of utility services.
The US market dominated the North America Utility Communication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5, 599.3 million by 2028. The Canada market is poised to grow at a CAGR of 7.6% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 6.7% during (2022-2028).
Based on Component, the market is segmented into Hardware and Software. Based on Utility Type, the market is segmented into Public and Private. Based on Application, the market is segmented into Transmission & Distribution, Oil & Gas Utilities and Others. Based on Technology, the market is segmented into Wired and Wireless. Based on End-user, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, Schneider Electric SE, General Electric (GE) Co., Siemens AG, Motorola Solutions, Inc., Xylem, Inc. (Sensus), Itron, Inc., Trilliant Holding Inc., Digi International Inc., and Nokia Corporation.
Scope of the Study
By Component
- Hardware
- Software
By Utility Type
- Public
- Private
By Application
- Transmission & Distribution
- Oil & Gas Utilities
- Others
By Technology
- Wired
- Wireless
By End-user
- Residential
- Commercial
- Industrial
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Fujitsu Limited
- Schneider Electric SE
- General Electric (GE) Co.
- Siemens AG
- Motorola Solutions, Inc.
- Xylem, Inc. (Sensus)
- Itron, Inc.
- Trilliant Holding Inc.
- Digi International Inc.
- Nokia Corporation
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Utility Communication Market, by Component
1.4.2 North America Utility Communication Market, by Utility Type
1.4.3 North America Utility Communication Market, by Application
1.4.4 North America Utility Communication Market, by Technology
1.4.5 North America Utility Communication Market, by End-user
1.4.6 North America Utility Communication Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions and Mergers : 2018, Jan - 2022, Jun) Leading Players
3.3.3 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Sep - 2022, Jun) Leading Players
Chapter 4. North America Utility Communication Market by Component
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
Chapter 5. North America Utility Communication Market by Utility Type
5.1 North America Public Market by Country
5.2 North America Private Market by Country
Chapter 6. North America Utility Communication Market by Application
6.1 North America Transmission & Distribution Market by Country
6.2 North America Oil & Gas Utilities Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Utility Communication Market by Technology
7.1 North America Wired Market by Country
7.2 North America Wireless Market by Country
Chapter 8. North America Utility Communication Market by End-user
8.1 North America Residential Market by Country
8.2 North America Commercial Market by Country
8.3 North America Industrial Market by Country
Chapter 9. North America Utility Communication Market by Country
9.1 US Utility Communication Market
9.1.1 US Utility Communication Market by Component
9.1.2 US Utility Communication Market by Utility Type
9.1.3 US Utility Communication Market by Application
9.1.4 US Utility Communication Market by Technology
9.1.5 US Utility Communication Market by End-user
9.2 Canada Utility Communication Market
9.2.1 Canada Utility Communication Market by Component
9.2.2 Canada Utility Communication Market by Utility Type
9.2.3 Canada Utility Communication Market by Application
9.2.4 Canada Utility Communication Market by Technology
9.2.5 Canada Utility Communication Market by End-user
9.3 Mexico Utility Communication Market
9.3.1 Mexico Utility Communication Market by Component
9.3.2 Mexico Utility Communication Market by Utility Type
9.3.3 Mexico Utility Communication Market by Application
9.3.4 Mexico Utility Communication Market by Technology
9.3.5 Mexico Utility Communication Market by End-user
9.4 Rest of North America Utility Communication Market
9.4.1 Rest of North America Utility Communication Market by Component
9.4.2 Rest of North America Utility Communication Market by Utility Type
9.4.3 Rest of North America Utility Communication Market by Application
9.4.4 Rest of North America Utility Communication Market by Technology
9.4.5 Rest of North America Utility Communication Market by End-user
Chapter 10. Company Profiles
10.1 Fujitsu Limited
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Recent strategies and developments:
10.1.4.1 Partnerships, Collaborations, and Agreements:
10.1.5 SWOT Analysis
10.2 Schneider Electric SE
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 General Electric Company
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.5.3 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Siemens AG
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 Motorola Solutions, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional & Segmental Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Acquisition and Mergers:
10.6 Xylem, Inc. (Sensus)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.7 Itron, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.8 Digi International, Inc.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Regional and Segmental Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Product Launches and Product Expansions:
10.8.5.2 Acquisition and Mergers:
10.9 Nokia Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.9.5.2 Product Launches and Product Expansions:
10.10. Trilliant Holdings, Inc.
10.10.1 Company Overview
Companies Mentioned
- Fujitsu Limited
- Schneider Electric SE
- General Electric (GE) Co.
- Siemens AG
- Motorola Solutions, Inc.
- Xylem, Inc. (Sensus)
- Itron, Inc.
- Trilliant Holding Inc.
- Digi International Inc.
- Nokia Corporation
Methodology
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