DUBLIN–(BUSINESS WIRE)–The “North America Utility Communication Market Forecast to 2027 – COVID-19 Impact and Regional Analysis by Technology; Utility Type” report has been added to ResearchAndMarkets.com’s offering.
The utility communication market in North America was valued at US$ 3,198.1 million in 2019 and is projected to reach at US$ 8,380.4 million by 2027; it is expected to grow at a CAGR of 13.1% from 2019 to 2027.
The entire oil and gas industry of the region depends upon ICT to fulfill all the pre-determined goals of the business. The industry identified a need to control and manage the future of oil & gas related developments with efficient production of current reserves.
Therefore, integration of advanced technologies with business processes, organization, and geographies are mandatory and these factors are likely to drive the growth of utility communication market. To convey real-time status with the technical experts or working staff, use of advanced communication system in both upstream and downstream is important.
Based on technology, the utility communication market was led by wired segment. Wired network is used to relay different types of electrical signals from one end to another. Often in wired networks, an internet connection is taken using T1 thread, cable modem, or by some other means.
ABB Ltd, Fujitsu Limited, General Electric Company, Honeywell International Inc, and Rockwell Automation Inc, are among the key players present in the North American utility communication market.
Key Topics Covered
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Utility Communication Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Utility Communication Market – North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insight
4.5.1 Technological Trends on SONET/SDN, IP/MPLS, and MPLS-TP
5. Utility Communication Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Technology Advancement in Energy Sector
5.1.2 Higher Demand for the Standardization and Automation of Utility Communication Billing
5.2 Market Restraints
5.2.1 High Risk of Cyber Attacks
5.3 Market Opportunities
5.3.1 Rise in Investments in Smart Communication Infrastructure
5.4 Future Trends
5.4.1 Smart Cities Development is Likely to Impact Utility Communication Market
5.5 Impact Analysis of Drivers and Restraints
6. Utility Communication Market – North America Market Analysis
6.1 Utility Communication Market Overview
6.2 Utility Communication Market – Revenue, and Forecast to 2027 (US$ Million)
7. Utility Communication Market Analysis – By Technology Type
7.2 Utility Communication Market Breakdown, by Technology, 2019 & 2027
8. Utility Communication Market Analysis – By Utility Type
8.2 Utility Communication Market Breakdown, by Utility Type, 2019 & 2027
8.3 Private Utility
8.4 Public Utility
9. North America Utility Communication Market – Country Analysis
9.1 North America: Utility Communication Market
10. Impact of COVID-19 Pandemic on North America Utility Communication Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiatives
11.2 Mergers and Acquisitions
11.3 New Developments
12. Company Profiles
12.1 ABB Ltd.
12.2 FUJITSU Limited
12.3 General Electric Company
12.4 Honeywell International Inc.
12.5 OMICRON Electronics GmbH
12.6 Rockwell Automation, Inc.
12.7 Schneider Electric SE
12.8 Siemens AG
12.9 Tejas Networks
12.10 Telefonaktiebolaget LM Ericsson
For more information about this report visit https://www.researchandmarkets.com/r/822v51