Albany, NY -- (SBWire) -- 12/05/2018 --The global utility communication market can be segmented based on technology type, utility type, and region. In terms of technology type, the market has been bifurcated into wired communication (power line carrier, optic fiber, Ethernet) and wireless communication (RF mesh, mobile network). Based on utility type, the market can be segmented into power generation, natural gas, water & sewage, and oilfield communication.
The global mobile utility communication market is segmented on the basis of regions into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to contribute major share in the utility communication market during the forecast period. Adoption rate of utility communication solutions in North America is comparatively high when compared with other regions. Asia Pacific is among the fastest growing markets for utility communications, owing to high demand for utility communications technologies in the region.
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Moreover, rising demand for smart grid and smart cities infrastructure in emerging countries such as China, Japan, and India are driving the market toward growth. Europe is expected to show significant growth in the utility communication market over the forecast period. South America and Middle East & Africa regions are also expected to contribute toward growth of the market.
Some of the major players active in the development of utility communication solutions include Cisco Systems, Inc., General Electric, Digi International, Inc., Siemens AG, Milsoft Utility Solutions, Inc., ABB, Ltd., Schneider Electric SE, Motorola Solutions, Inc., Omicron Electronics GmbH, and RAD Data Communications Ltd.
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Utility Communication Market: Clear Understanding of the Competitive Landscape and Key Product Segments