Utility Communication Market Worth $23.2 Billion by 2026 - Exclusive Report by MarketsandMarkets Utility Communication Market
by Technology Type(Wired and Wireless), Utility Type, Component (Hardware and Software), Application (Oil & Gas Network, T&D), End User (Residential, Commercial, and Industrial) and Region- Global Forecast to 2026 , published by MarketsandMarkets, the Utility Communication Market size is expected to grow from an estimated USD 18.7 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 4.4%, during the forecast period. 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.