市場調查報告書
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1489499
全球工業公用事業通訊市場 - 2024-2031Global Industrial Utility Communication Market - 2024-2031 |
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概述
全球工業公用事業通訊市場將於 2023 年達到 31 億美元,預計到 2031 年將達到 49 億美元,2024-2031 年預測期間複合年成長率為 6.0%。
由於石油和天然氣、能源、交通、電力生產和採礦等各個行業對高效、可靠的通訊系統的需求不斷成長,工業公用事業通訊市場正在迅速擴大。對即時資料傳輸、遠端監控和設備控制的要求導致了能夠承受惡劣工業環境的增強型通訊系統的開發。
該市場的主要驅動力之一是對高效能通訊系統不斷成長的需求。隨著工業 4.0 和物聯網的興起,對即時資料傳輸的需求不斷增加。它導致工業公用事業通訊解決方案在多個行業中廣泛採用。此外,許多行業嚴格的安全要求正在推動該市場的成長。許多行業都有嚴格的安全規則,要求他們開發安全可靠的通訊網路。
到 2023 年,亞太地區預計將成為成長最快的地區,約佔全球工業公用事業通訊市場的 20%。由於中國、日本、印度和韓國等國家對智慧電網技術的需求不斷成長以及計量基礎設施的改善,預計該領域將出現顯著發展,從而推動工業公用事業通訊解決方案的採用。此外,電力生產、採礦、石油和天然氣以及運輸等行業對高效能能源管理系統的需求也促進了該領域市場的成長。
動力學
政府法規不斷加強
全球市場的促進因素之一是政府鼓勵和惠及公用事業的嚴格法律,這有助於公用事業通訊產業的快速擴張。公用事業基礎設施的現代化發展以及公用事業計費流程的變化正在推動公用事業通訊業務的成長。
智慧電網營運每天都在增加,導致行動裝置消耗增加。影響公用事業通訊業務的另一個因素是市場成長所需的初始投資較高。公用事業通訊行業趨勢的持續發展使市場潛力在預測期內達到最佳水平。
智慧電網通訊需求不斷成長
智慧電網利用先進的通訊技術對配電、輸電和用電進行即時監控和控制。公用事業公司正在使用智慧電網技術來提高營運效率、減少能源損失並改善客戶服務。這些系統需要安全、可靠和高速的通訊網路,能夠促進各種設備之間的資料交換,包括智慧電錶、感測器和變電站自動化系統。智慧電網通訊還可以幫助公用事業公司更有效地管理分散式能源(DER)。
太陽能和風能等再生能源、儲能設備和電動車都是分散式能源的例子。智慧電網通訊使公用事業公司能夠遠端監控和調節這些去中心化資產,確保它們在電網營運商定義的參數範圍內運作。它改善了能源生產和分配,降低了溫室氣體排放並增強了電網的彈性。因此,對智慧電網通訊日益成長的需求極大地推動了全球市場的發展。
初始成本高
開設乾實驗室照片列印業務所需的大量設備和軟體初始支出是有抱負的企業家和小型企業進入的主要障礙。其中包括購買專業印表機、軟體和其他基本設備的成本,這對於許多資金有限的個人或小型企業來說可能過於昂貴。
此外,維護和升級該設備的成本通常很高,增加了企業主的經濟負擔。因此,建立乾實驗室照片列印公司所需的大量初始投資限制了市場成長,阻礙了新進入者並阻礙了現有業務的擴張。
Overview
Global Industrial Utility Communication Market reached US$ 3.1 billion in 2023 and is expected to reach US$ 4.9 billion by 2031, growing with a CAGR of 6.0% during the forecast period 2024-2031.
The industrial utility communication market is quickly expanding, driven by rising need for efficient and dependable communication systems in a variety of industries, including oil and gas, energy, transportation, power production and mining. The requirement for real-time data transmission, remote monitoring and control of equipment resulted in the development of enhanced communication systems capable of enduring harsh industrial settings.
One of the primary drivers of this market is the growing demand for efficient communication systems. With the rise of Industry 4.0 and IoT, there is an increased demand for real-time data transfer. It has resulted in the widespread adoption of industrial utility communication solutions across multiple industries. Furthermore, rigorous safety requirements in numerous industries are driving the growth of this market. Many sectors have strict safety rules, requiring them to develop safe and secure communication networks.
In 2023, Asia-Pacific is expected to be the fastest-growing region with about 20% of the global industrial utility communication market. The area is predicted to develop significantly due to rising demand for smart grid technologies and improved metering infrastructure in countries like China, Japan, India and South Korea, which is pushing the adoption of industrial utility communication solutions. In addition, the necessity for efficient energy management systems in sectors like power production, mining, oil & gas and transportation contributes to the growth of the market in this area.
Dynamics
Rising Government Regulations
One of the driving factor of the global market is the government's rigorous laws that encourage and benefit utilities, which contribute to the rapid expansion of the utility communications industry. Modern developments in utility infrastructure, as well as changes in utility billing processes, are fueling the growth of the utility communication business.
Smart grid operations are increasing on a daily basis, resulting in increased mobile device consumption. Another factor that will effect the utilities communications business is the higher initial investment required for market growth. Continuous developments in utility communications sector trends allow the market's potential to achieve an optimal level during the forecast period.
Growing Demand for Smart Grid Communication
Smart grids use advanced communication technology to provide real-time monitoring and control over power distribution, transmission and consumption. Utilities are using smart grid technology to increase operational efficiency, reduce energy losses and improve customer service. The systems require safe, dependable and high-speed communication networks capable of facilitating data exchange across a variety of devices, including smart meters, sensors and substation automation systems. Smart grid communications also help utilities manage distributed energy resources (DER) more effectively.
Renewable energy sources such as solar and wind power, energy storage devices and electric cars are examples of distributed energy resources. Smart grid communications enable utilities to remotely monitor and regulate these decentralized assets, ensuring they operate within the parameters defined by the grid operator. It improves energy production and distribution, lowers greenhouse gas emissions and increases grid resilience. Thus, the increasing need for smart grid communications is considerably driving the global market.
High Initial Costs
The large initial expenditure in equipment and software required to start a dry lab photo printing business is a major obstacle to entry for aspiring entrepreneurs and small enterprises. The includes the cost of acquiring specialist printers, software and other essential equipment, which can be prohibitively expensive for many individuals or small businesses with limited funds.
Furthermore, the cost of maintaining and upgrading this equipment is typically substantial, increasing the financial burden on business owners. As a result, the large initial investment needed to establish a dry lab photo printing firm limits market growth, deterring new entrants and impeding the expansion of current businesses.
The global industrial utility communication market is segmented based on component, technology, end-user and region.
Rising Demand for Advanced Communication Systems Drives the Segment Growth
Power generation is expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. The segment's expansion is attributable to rising demand for advanced communication systems in the power production industry, particularly in the sectors of smart grid technology and renewable energy integration. Power generation firms are implementing industrial IoT solutions to improve operations and assure efficient energy production, transmission and distribution.
It requires data acquisition and monitoring skills to manage assets, reduce downtime and optimize maintenance schedule. Industrial utility communications are crucial to supporting these operations by ensuring secure, dependable and high-speed connectivity between equipment, machinery and control centers. Furthermore, integrating renewable energy sources like wind and solar power into the grid necessitates modern communication infrastructure to control fluctuation and ensure grid stability.
Well Established Infrastructure in North America
North America is expected to be the dominant region in the global industrial utility communication market covering over 30% of the market. The region's growth is due to well-established infrastructure and improved technology adoption, which allowed utilities to invest in contemporary communication technologies that improve operational efficiency and customer satisfaction.
Furthermore, the presence of major industry giants in the region, such as General Electric, Siemens and the ABB Group, promotes innovation and developments in industrial communication technology. The corporations consistently develop and deploy cutting-edge technologies for smart grid management, intelligent transportation systems and industrial automation, contributing to North America's dominance in the global market.
The major global players in the market include Cisco Systems, Inc, Emerson Electric Co., FUJITSU, General Electric, Hitachi Energy Ltd., Itron Inc, Motorola Solutions, Inc, Nokia, Schneider Electric and Siemens.
The pandemic hampered globally supply chains, causing delays in the delivery of crucial components, equipment and supplies for industrial utility communication systems. Lockdowns, travel restrictions and plant closures all had an impact on manufacturing and logistics, resulting in market shortages and price volatility. The trend to remote work and virtual collaboration has expedited digital transformation programs in sectors globally.
Companies are rapidly investing in communication technologies to enable remote monitoring, maintenance and administration of industrial utility infrastructure. It increased demand for cloud-based communication platforms, remote access tools and IoT devices. Industries, particularly essential infrastructure sectors such as utilities, energy and manufacturing, have prioritized investments in robust communication networks, redundancy measures and disaster recovery capabilities to limit risks and disruptions.
Russia-Ukraine War Impact
Both Russia and Ukraine play important roles in the global supply chain for a variety of industries, including telecommunications and industrial equipment production. Disruptions in the supply of important components, materials and technology from these nations had an impact on the availability and cost of communication equipment and systems used for industrial utility communication. Ukraine is an important transit country for natural gas supplies and any interruptions in energy supply chains impacted industrial activities, especially industrial utility communication.
Concerns about energy security lead to increasing investment in resilient communication infrastructure to reduce hazards. Rising geopolitical tensions increased the risk of cyberattacks on essential infrastructure, such as industrial utility communication networks. Businesses have to invest in cybersecurity measures to secure their communication networks from potential threats and disruptions.
The global industrial utility communication market report would provide approximately 62 tables, 58 figures and 187 pages.
Target Audience 2024
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