Global Utility Communication Market (2021 to 2026) – Growing Adoption of Wireless Communication Technologies, Especially 5G Presents Opportunities padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
ResearchAndMarkets.com s offering.
The global utility communication market size is projected to grow from an estimated USD 18.7 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 4.4% from 2021 to 2026.
The key drivers for the utility communication market include growing investment in smart grids modernization of electricity networks; focus on improving grid reliability, increasing operating efficiency, reducing outage length; consolidating trend of digitalization oilfield communication; and government initiative to support deployment of smart grid technologies.
The wired segment is expected to hold the largest share of the utility communication market, by technology type, during the forecast period.
Published 7 May 2021
The nation’s power grid remains vulnerable to disruption from extreme events including wildfires, severe storms, and cyberattacks. Variable generation resources and load volatility also present operational challenges to grid stability. To mitigate disruptions before they snowball, grid planners and operators must be able to see these events coming and understand their potential impacts on grid reliability.
The nation’s power grid remains vulnerable to disruption from extreme events including wildfires, severe storms, and cyberattacks. Variable generation resources and load volatility also present operational challenges to grid stability. To mitigate disruptions before they snowball, grid planners and operators must be able to see these events coming and understand their potential impacts on grid reliability.