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Hydrogen Generation Market 2021 – Global Industry Share, Sales Channels, Strategic Growth, Valuable Shares and Regional Analysis With Industry Foreca
Utility Communication Market to Witness Astonishing growth by 2027 | ABB , Schneider Electric, General Electric, Siemens, Motorola solutions
Utility Communication Market to Witness Astonishing growth by 2027 | ABB , Schneider Electric, General Electric, Siemens, Motorola solutions
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...
By technology type, the wired segment is expected to be the largest contributor during the forecast period. The wired segment is estimated to lead the Utility Communication Market during the forecast period. Wired segment mainly includes optic fiber, Ethernet, powerline carrier, SONET/SDH, MPLS-IP, and MPLS-TP. Optic fiber and Ethernet are the most preferred medium for networking in utility communication. Optic fiber offers higher bandwidth support and speed, which helps in providing high performance, reliability, and improved coverage. The market for wired segment is driven by the versatilit...