Utility Communication Technologies

Utility Communication Technologies

Global Utility Communication Technologies Market to Reach $29.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Utility Communication Technologies estimated at US$11.2 Billion in the year 2020, is projected to reach a revised size of US$29.8 Billion by 2027, growing at aCAGR of 15% over the period 2020-2027. Wireless, one of the segments analyzed in the report, is projected to record 11.6% CAGR and reach US$8.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wired segment is readjusted to a revised 16.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.3 Billion, While China is Forecast to Grow at 14.6% CAGR

The Utility Communication Technologies market in the U.S. is estimated at US$3.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2027 trailing a CAGR of 14.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 13.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR.

Select Competitors (Total 43 Featured) -

• ABB Ltd.
• Black & Veatch Holding Company
• Cisco Systems, Inc.
• ComNet
• Digi International, Inc.
• Ericsson AB
• Fujitsu Ltd.
• General Electric Company
• Itron, Inc.
• Landis+Gyr AG
• Milsoft Utility Solutions
• Motorola Solutions, Inc.
• Netcontrol Oy
• Omicron Electronics GmbH
• Open Systems International, Inc.
• Power System Engineering, Inc.
• Rad Data Communications Ltd.
• Schneider Electric SA
• Sensus
• Siemens AG
• Texas Instruments, Inc.
• Trilliant, Inc.
• Valiant Communications Limited
• ZTE Corporation

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