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Global Utility Communication Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Utility communications are the steps taken to set up two-way communication between utility and end consumers across all of the network's distributed data points. It enables real-time data transfer to control centres, the control and monitoring of grid equipment, and the measurement of electric network performance. Power line carrier, fibre optics, ethernet, microwave, and radio communications are just a few of the utility communication technologies that can be used in the Oil & Gas sectors' transmission and distribution networks. The utility communications market makes it possible to connect with quicker, more reliable, and cost-effective infrastructure, which results in lower operational costs, fewer customer complaints, and more energy conservation.
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By geography, Europe is projected to have the highest CAGR over the forecast period, owing to the demand for advanced communication solutions is rising in Europe as a result of enterprises adopting more technological solutions. Additionally, the expansion of offshore drilling operations provides an opportunity for market expansion in Europe. These elements significantly contribute to the expansion of the utility communications sector in Europe.
Some of the key players profiled in the Utility Communication Market include ABB, Honeywell International Inc., Yokogawa, Hitachi, Azbil Corporation, General Electric, Schneider Electric, Metso Corporation, Emerson, Rockwell Automation, Toshiba, Siemens, Black & Veatch Holding, Itron, Telefonaktiebolaget LM Ericsson, Nokia, FUJITSU, Sensus (Xylem) and Motorola Solutions.
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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