Report : Asia Pacific Utility communication Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology (Wired, Wireless); Utility Type (Private Utility, Public Utility)
Public Utility Segment to Dominate Asia-Pacific Utility Communication Market during 2020–2027
According to The Insight Partners market research study on "Asia-Pacific Utility Communication Market to 2027 – Regional Analysis and Forecast by Technology (Wired, Wireless); Utility Type (Private Utility, Public Utility)" is expected to reach US$ 1,2727.0 Mn by 2027 from US$ 3,279.5 Mn in 2019. The market is estimated to grow at a CAGR of 18.8% from 2020 to 2027.The report provides trends prevailing in the Asia-Pacific utility communication market along with the drivers and restraints pertaining to the market growth. The growth of the Asia-Pacific utility communication market is attributed to the growing prevalence of breast cancer and increasing number of initiatives and investments pertaining to breast cancer management. However, the high cost associated with utility communication hinders the market growth.
The Utility communication market, by utility type, is segmented into public utility, and private utility. The public utility segment held the largest share of the Asia-Pacific market in 2019; moreover, it is anticipated to register the CAGR of 17.8% in the market during the forecast period. Public utilities are focused on improving their infrastructure to remain competitive in the industry, with breakthroughs in communication technology.
ABB Ltd., Fujitsu Limited, General Electric Company, Honeywell International Inc, Rockwell Automation Inc, among others are the leading companies in the utility communication market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Asia-Pacific Utility communication market as follows:
Utility Communication Market by Technology
Utility Communication Market by Utility Type
Utility Communication Market by Country