The ASIA PACIFIC Utility communication Market is growing along with the Energy and Power industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
Increasing investments in smart communication infrastructure by utilities are likely to fuel the utility communication market in the coming years. Meanwhile, technological advancements make it simpler and cheaper to implement utility networking. Sophisticated IT and analytics systems are expected to exploit the data accessible by connected devices, to enhance grid stability, durability, and operational efficiency. These factors uplifts the return on networking investment by the utilities and are likely to boost the utility communication market.
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Mobile network connectivity facilitates the management to track the overall power distribution system operations. It enables contact between smart meters and utilities through nodes. The mobile network connectivity also supports the introduction of smart metering systems across a vast area network. Mobile networking or cellular network technologies include communication technologies such as 3G, WiMAX, and LTE. Thus, with the increased use and demand for smart grids and mobile devices, the need for utility communication channel is increasing and is likely to drive the AsiaPacific utility communication market.
These factors are expected to offer broad growth opportunities in Energy and Power industry and this is expected to cause the demand for Utility communication in the market.
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Asia Pacific Utility Communication Market–Segmentation
Asia Pacific Utility Communication Market by Technology
Asia Pacific Utility Communication Market by Utility Type
- Private Utility
- Public Utility
Asia Pacific Utility Communication Market by Country
- South Korea
- Rest of APAC
Asia Pacific Utility Communication Market-Companies Mentioned
- ABB LTD
- Fujitsu Limited
- General Electric Company
- Honeywell International Inc.
- OMICRON Electronics GmbH
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Tejas Networks
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