/PRNewswire/ Exactitude Consultancy explores the current market and new opportunities in the growing Power Bank Market. Is technological advancement or.
/PRNewswire/ Utility Communication Market is projected to grow from USD 20.2 billion in 2022 to USD 26.1 billion by 2027, at a CAGR of 5.3% according to a.
At a CAGR of 7.4% The Distribution Automation Market to Reach $17.7 Billion by 2025
iCrowd Newswire
According to the new market research report Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region - Global Forecast to 2025″, size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025. The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are major factors driving the growth of this market.
Browse 113 market data Tables and 48 Figures spread through 185 Pages and in-depth TOC on
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.
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.