Utility Communication Market, By Technology (Wired and Wireless), By Component (Software, Hardware, and Services), By Utility Type (Public, Private), By Application (Oil and Gas, Power Generation, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI6724

Pages :165

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Utility Communication Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Focus on Operational Efficiency

In the current economic climate defined by rising costs of materials and labor, improving operational efficiency has become a top priority for utility companies. Aging infrastructure, increasing demand coupled with budget constraints pose challenges for reliable and sustainable service delivery. Advanced communication solutions enable remote asset control and performance monitoring which allows utilities to reduce manpower requirements for routine operations and maintenance tasks. Data collected from smart grids and sensors installed across the network can be analyzed using AI algorithms to detect anomalies, predict equipment failures, and optimize dispatch scheduling. This helps minimize unplanned downtime, avoid catastrophic damage to assets and cut spend on repairs. 5G connectivity with its high bandwidth further supports real-time video feed applications for inspection of transmission lines and pipelines from control centers. Reliable communication is key to condition-based and predictive maintenance strategies that maximize uptime and throughput of generation and distribution facilities. Utilities are leveraging latest technologies to streamline operations, enhance grid visibility and resilience as well as lower total cost of ownership through automation and technology integration. Ubiquitous connectivity acts as the backbone supporting such efficiency enhancing initiatives.

For instance, Hitachi Energy Ltd., energy solutions provider company, offers utility-grade communication solution FOX615 that provides a long product lifecycle, lower maintenance costs, and guaranteed performance in harsh environments and across a broad range of temperatures.

Key Players Insights