Utility Communication Market Report 2025 (Global Edition)

Global Utility Communication Market Report 2025 Market Size Split by Technology (Wired, Wireless), by Utility (Public, Private), by Component (Hardware, Software), by Application (Oil and Gas, Power G...

Utility Communication Market Report Description

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Utility Communication Market Insights Video

Competitive Landscape of the Utility Communications Market

The competitive landscape of the utility communications market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized utility communications companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

February 2024: Hitachi Energy released the TRO670 hybrid wireless router to support robust smart grid and Industrial Internet of Things (IIoT) applications. Featuring multiple wireless technology options, fiber communications, and multiple-layer security architectures, and provides robust and flexible wireless communication capabilities in harsh environments. (Source: https://www.hitachienergy.com/in/en/news/press-releases/2024/02/hitachi-energy-expands-its-tropos-industrial-wireless-portfolio) December 2023: Xylem launched the Stratus IQ+ electricity meter, which provides enhanced utility distribution system management. This intelligent meter has an EV-based detection function that helps utilities control the expanding EV charging needs and customer participation more effectively. (Source: https://www.xylem.com/en-us/about-xylem/newsroom/press-releases/xylem-unveils-new-residential-electric-meter-with-advanced-grid-edge-capabilities/)

Top Companies Market Share in Utility Communication Industry: (In no particular order of Rank)

• Hitachi Energy Ltd (Switzerland)
• Schneider Electric (France)
• Siemens (Germany)
• General Electric (US)
• Motorola Solutions
• Inc (US)
• FUJITSU (Japan)
• Landis+Gyr (Switzerland)
• Itron Inc.(US)
• Sensus
• a Xylem brand (US)
• Telefonaktiebolaget LM Ericsson (Sweden)
• Digi International Inc. (US)
• Nokia (Finland)
• ZTE Corporation (China)
• Milsoft Utility Solutions (US)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Utility Communications Market

Which Region Dominates the Utility Communications Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because of its early adoption of advanced technologies, favoring government policies on digitalization, presence of major players, and extensive investments in smart grid projects all contributed to the increase of the ASRS market in North America.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Utility Communications market due to several compelling reasons. ?The Utility Communications (ASRS) marketplace in the Asia Pacific is developing because of the rapidly growing economies, fast industrialization, high population densities, and increasing demand for reliable sources of power supply. Additionally, the governments in these countries promote modernize their energy systems focusing on the expansion of power grid capacities.

The current report Scope analyzes Utility Communication Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Utility Communication

According to Cognitive Market Research, the global Utility Communications market size was estimated at USD 21542.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 8616.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Utility Communications market with a market size of USD 6798.72 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. The demand is amplified by the nation's infrastructure development for renewable grid technology, which boosts demand for utility communication solutions.
• The Canada Utility Communications market had a market share of USD 1034.03 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Canada's robust consumer demand for residential utility communication solutions is driving the market growth.
• The Mexico Utility Communications market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 784.14 million in 2024.

Europe Utility Communication

According to Cognitive Market Research, the global Utility Communications market size was estimated at USD 21542.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 6462.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Utility Communications market had a market share of USD 1085.73 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. rising investment of the UK government for aging power generation infrastructure driving the utility communications market.
• The France Utility Communications market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 594.56 million in 2024.
• According to Cognitive Market Research, the Germany Utility Communications market size was valued at USD 1279.61 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. Germany is one of the leaders in smart metering implementation opening the door for the advanced software needs driving the utility communications market.
• The Italy Utility Communications market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 555.79 million in 2024.
• The Russian utility Communications market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1001.71 million in 2024.
• The Spain Utility Communications market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 529.94 million in 2024
• The Luxembourg Utility Communications market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 200.34 million in 2024.
• The Portugal Utility Communications market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 135.72 million in 2024.
• The Greece Utility Communications market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 77.55 million in 2024.
• Rest of Europe's Utility Communications market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 1001.71 million in 2024.

Asia Pacific Utility Communication

According to Cognitive Market Research, the global Utility Communications market size was estimated at USD 21542.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4954.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

South America Utility Communication

According to Cognitive Market Research, the global Utility Communications market size was estimated at USD 21542.2 Million out of which the Latin America market of more than 5% of the global revenue with a market size of USD 1077.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Utility Communications market size was valued at USD 461.00 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Utility Communications sales flourish in Brazil due to the digital transformation initiatives, and renewable energy expansion to achieve better reliability and efficiency.
• Argentina Utility Communications market had a market share of USD 180.95 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Argentina's technological advancements augment the demand for cloud-based utility communications solutions and software.
• Colombia Utility Communications market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 95.86 million in 2024.
• Peru Utility Communications market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 88.32 million in 2024.
• Chile Utility Communications market is projected to witness growth at a CAGR of 5.9% during the forecast period with a market size of USD 77.55 million in 2024.
• The Rest of Latin America Utility Communications market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 173.41 million in 2024.

Middle East Utility Communication

According to Cognitive Market Research, the global Utility Communications market size was estimated at USD 21542.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 430.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• The GCC Countries Utility Communications market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 184.40 million in 2024. Utility Communications sales flourish due to the growing e-commerce sector's boosts the sales of residential utility communications solutions.
• The Egypt Utility Communications market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 45.24 million in 2024.
• The South Africa Utility Communications market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 68.07 million in 2024. Government approval for power consumption and electricity delivery change programs encourages the expansion of the energy-efficient smart meter to drive the market share.
• The Turkey Utility Communications market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 37.05 million in 2024.
• The Nigeria Utility Communications market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 45.24 million in 2024.
• The Rest of MEA Utility Communications market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 50.84 million in 2024.

Utility Communication Market Analysis

Utility Communications Market Technology Segment Analysis

According to Cognitive Market Research, Wired stands out as the dominating category. This dominance of the segment is driven by its higher bandwidth, reliability, and robust security features necessary for important uses including intelligent grid technologies, advanced metering infrastructure (AMI), or even supervisory control data acquisition (SCADA) systems. Wired communication is preferred due to its ability to handle large volumes of data and provide secure connections for utility companies'? operational needs. Moreover, wired communications are easily handled large volumes of data which further contributes to the segment growth.

Wireless emerges as the fastest-growing category in the Utility Communications market. The adoption of wireless technology is driven by various factors such as advancement in mobile networks, radio communications, and RF mesh technology, hence greater flexibility and scalability of utility infrastructure contributes to the segment growth in the future. Moreover, wireless solutions are highly essential for the integration of renewable energy sources as well as smart grid applications while maintaining the dynamic and growing requirements of modern utilities?.

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Utility Communications Market Utility Segment Analysis

According to Cognitive Market Research, the dominating category is Public. Public utilities consider providing vital services such as electricity, water, and gas at affordable price levels while taking care of community needs. These utilities receive huge government funding that aims at infrastructure upgrading and service improvement further contributing to the market dominance. Moreover, improving their operational efficiency and upgradation of the grid as well as integrating renewable powers remain crucial in keeping the public sector competitive enough.

The fastest-growing category in the Utility Communications market is Private. The growth is driven by the increasing adoption of smart grid technologies, advanced communication solutions, and effective utility network management. Private utilities can easily adapt and adjust to new technologies using their flexible and innovative nature. This growth is further fueled by improved energy efficiency and the inclusion of private utility networks integrated with renewable energy forms. As infrastructure modernization and cutting-edge technology adoption contribute towards the growth of the segment in the future.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Utility Communication Component Segment Analysis

Component Segment Analysis

According to Cognitive Market Research, the dominating category is Hardware. The significance of hardware components for the communication system of utilities brings about this dominance. Routers, switches, and communication devices are the main components of utility systems, hence making transmission of data reliable and secure, which is necessary for tracing and managing utility operations. The growing use of intelligent electricity distribution networks and a higher need for advanced meter communication systems foster demand for strong hardware solutions.

The fastest-growing category in the Utility Communications market is Software. The growing need for complex software solutions that increase productivity and provide features, such as real-time data analytics, remote sensing, and automated control systems, are the key factors driving growth. Moreover, the demand for sophisticated software solutions has increased owing to the higher integration of AI and cloud technology to seamless operations. Due to its vital role in facilitating seamless and intelligent utility operations, the growth of the software segment is expected to increase rapidly as utilities continue to modernize and digitalize their infrastructure.

• Hardware
• Software

Utility Communication Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Power Generation. The dominance of the segment is fragmented by the need for a robust communication system for the integration of renewable energy sources and power generation for solar and wind power generation mixture. For instance, they facilitate real-time monitoring, control, and optimization of energy generation hence enabling efficient grid integration which ensures the balancing of power supply and demand. Collecting data from power plants, substations, and other grid assets requires effective utility communication to drive the segment share.

The fastest-growing category in the Utility Communications market is Oil and Gas. The growth in the future is driven by factors such as the increasing adoption of more efficient and reliable utility communication devices in the oil and gas industry to provide more safety and reduce risk. The oil and gas field requires live figures for observing and directing different operations starting from extraction and going up to delivery. The incorporation of IoT and AI technologies has led to a surge in demand for dependable and safe communication networks thus catalyzing growth of the utility communications market.

• Oil and Gas
• Power Generation
• Others

Utility Communication End-use Segment Analysis

End-use Segment Analysis

According to Cognitive Market Research, the dominating category is industrial. The dominance is attributed to the intelligent grids as well as advanced metering infrastructure (AMI) in the industrial sector has necessitated a substantial investment in strong communication networks for monitoring and control. Moreover, industrial facilities often present complicated operational requirements alongside large-scale energy consumption, which makes it necessary to adopt new technology-based utility communication systems to ensure reliability and efficiency.

The fastest-growing category in the Utility Communications market is residential. The quick expansion is primarily fueled by the increasing embrace of smart home technologies and greater adaptation of the Internet of Things (IoT) in residential settings. Currently, smart meters, home automation systems, and energy management solutions are being increasingly installed by customers creating the need for advanced utility communication networks. Moreover, a significant driver of this is the residential sector’s commitment to energy savings and real-time monitoring further propel the growth of the market.

• Residential
• Commercial
• Industrial

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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