The Europe Utility Communication Market should witness market growth of 5.0% CAGR during the forecast period (2022-2028).
The energy and power utility communication sector greatly benefits from the use of smart grid technology. Information and communications technology (ICT) is influenced by a smart grid to interconnect and enable the flow of real-time data well within the power utility, between the power utility and its partners and suppliers, and between the power utility and its commercial and residential customers.
A robust communications network that is secured, highly ascendable, and always accessible is essential for smart grids and the applications they support. Power utilities are more likely to maintain power quality, ensure regulatory compliance, and lessen the negative effects of issues to cut costs.
In terms of industrialization, there is a convergence between the commercial realities of the utility sector, the energy needs of contemporary society, and the environmental sustainability criteria. A new kind of power system is being developed and put into use as a result of this combination.
As a result, it can be inferred that the utility communication industry's expanding usage of smart grid systems is fueling the market's overall growth rate. This is because these systems are widely used in a variety of sectors, particularly the energy and power sectors.
In 2019, according to the BP Statistical Review of World Energy, Germany was the greatest energy user in Europe and the seventh-largest energy consumer in the world. In 2019, it was the fifth largest economy on the planet by gross domestic product (GDP) based on purchasing power parities. The size and position of Germany give it enormous influence over the energy sector of the European Union (EU).
The Germany market dominated the Europe Utility Communication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1, 810.7 million by 2028. The UK market is anticipated to grow at a CAGR of 4.1% during (2022-2028). Additionally, The France market would exhibit a CAGR of 5.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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 energy and power utility communication sector greatly benefits from the use of smart grid technology. Information and communications technology (ICT) is influenced by a smart grid to interconnect and enable the flow of real-time data well within the power utility, between the power utility and its partners and suppliers, and between the power utility and its commercial and residential customers.
A robust communications network that is secured, highly ascendable, and always accessible is essential for smart grids and the applications they support. Power utilities are more likely to maintain power quality, ensure regulatory compliance, and lessen the negative effects of issues to cut costs.
In terms of industrialization, there is a convergence between the commercial realities of the utility sector, the energy needs of contemporary society, and the environmental sustainability criteria. A new kind of power system is being developed and put into use as a result of this combination.
As a result, it can be inferred that the utility communication industry's expanding usage of smart grid systems is fueling the market's overall growth rate. This is because these systems are widely used in a variety of sectors, particularly the energy and power sectors.
In 2019, according to the BP Statistical Review of World Energy, Germany was the greatest energy user in Europe and the seventh-largest energy consumer in the world. In 2019, it was the fifth largest economy on the planet by gross domestic product (GDP) based on purchasing power parities. The size and position of Germany give it enormous influence over the energy sector of the European Union (EU).
The Germany market dominated the Europe Utility Communication Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1, 810.7 million by 2028. The UK market is anticipated to grow at a CAGR of 4.1% during (2022-2028). Additionally, The France market would exhibit a CAGR of 5.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Utility Communication Market, by Component
1.4.2 Europe Utility Communication Market, by Utility Type
1.4.3 Europe Utility Communication Market, by Application
1.4.4 Europe Utility Communication Market, by Technology
1.4.5 Europe Utility Communication Market, by End-user
1.4.6 Europe 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. Europe Utility Communication Market by Component
4.1 Europe Hardware Market by Country
4.2 Europe Software Market by Country
Chapter 5. Europe Utility Communication Market by Utility Type
5.1 Europe Public Market by Country
5.2 Europe Private Market by Country
Chapter 6. Europe Utility Communication Market by Application
6.1 Europe Transmission & Distribution Market by Country
6.2 Europe Oil & Gas Utilities Market by Country
6.3 Europe Others Market by Country
Chapter 7. Europe Utility Communication Market by Technology
7.1 Europe Wired Market by Country
7.2 Europe Wireless Market by Country
Chapter 8. Europe Utility Communication Market by End-user
8.1 Europe Residential Market by Country
8.2 Europe Commercial Market by Country
8.3 Europe Industrial Market by Country
Chapter 9. Europe Utility Communication Market by Country
9.1 Germany Utility Communication Market
9.1.1 Germany Utility Communication Market by Component
9.1.2 Germany Utility Communication Market by Utility Type
9.1.3 Germany Utility Communication Market by Application
9.1.4 Germany Utility Communication Market by Technology
9.1.5 Germany Utility Communication Market by End-user
9.2 UK Utility Communication Market
9.2.1 UK Utility Communication Market by Component
9.2.2 UK Utility Communication Market by Utility Type
9.2.3 UK Utility Communication Market by Application
9.2.4 UK Utility Communication Market by Technology
9.2.5 UK Utility Communication Market by End-user
9.3 France Utility Communication Market
9.3.1 France Utility Communication Market by Component
9.3.2 France Utility Communication Market by Utility Type
9.3.3 France Utility Communication Market by Application
9.3.4 France Utility Communication Market by Technology
9.3.5 France Utility Communication Market by End-user
9.4 Russia Utility Communication Market
9.4.1 Russia Utility Communication Market by Component
9.4.2 Russia Utility Communication Market by Utility Type
9.4.3 Russia Utility Communication Market by Application
9.4.4 Russia Utility Communication Market by Technology
9.4.5 Russia Utility Communication Market by End-user
9.5 Spain Utility Communication Market
9.5.1 Spain Utility Communication Market by Component
9.5.2 Spain Utility Communication Market by Utility Type
9.5.3 Spain Utility Communication Market by Application
9.5.4 Spain Utility Communication Market by Technology
9.5.5 Spain Utility Communication Market by End-user
9.6 Italy Utility Communication Market
9.6.1 Italy Utility Communication Market by Component
9.6.2 Italy Utility Communication Market by Utility Type
9.6.3 Italy Utility Communication Market by Application
9.6.4 Italy Utility Communication Market by Technology
9.6.5 Italy Utility Communication Market by End-user
9.7 Rest of Europe Utility Communication Market
9.7.1 Rest of Europe Utility Communication Market by Component
9.7.2 Rest of Europe Utility Communication Market by Utility Type
9.7.3 Rest of Europe Utility Communication Market by Application
9.7.4 Rest of Europe Utility Communication Market by Technology
9.7.5 Rest of Europe 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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