Utilities will need widespread connectivity in order to tap new growth opportunities
A new report from Navigant Research examines the state of utility communications network deployments and service consumption worldwide, offering an analysis of 12 prevalent communications technologies used in smart grid and smart city applications, in addition to market forecasts for communications infrastructure and services, through 2025.
Utilities are ramping up their investments in grid connectivity and networking for the purpose of improved operating economics, energy efficiency, and grid reliability. But there is also growing recognition that a network that supports smart grid applications like advanced metering infrastructure (AMI), distribution automation (DA), and/or substation automation (SA) could become the backbone for far more. Click to tweet: According to a new report from @NavigantRSRCH, the cumulative market for utility networking gear and communications services is expected to exceed $75 billion during the next decade.
“Many electric utilities today are at a critical juncture in terms of determining their long-term connectivity needs and networking technology choices,” says Richelle Elberg, principal research analyst with Navigant Research. “The number of ways in which a utility may leverage connectivity across its territory is exploding as traditional smart grid applications like AMI and DA/SA become the norm, and as emerging applications—ranging from new IT systems and analytics, solar integration, electric vehicle charging networks, and smart city applications—all present opportunities for utilities to benefit from this increasingly networked environment.”
Elberg’s report delves into wired and wireless, public and private technologies and analyzes the pros and cons of each for various smart grid and smart city applications that utilities may deploy. Technologies analyzed in the report include cellular (3G/4G/5G), radio frequency (RF) mesh, private 4G (WiMAX, LTE), proprietary point to multipoint (Pt2Mpt), low-power wide-area (LPWA), HetNets, microwave/radio point-to-point (Pt2Pt), Wi-Fi, satellite, leased lines (POTS), ethernet, powerline communications (PLC), and fiber.
The report, Networking and Communications for Smart Grids and Smart Cities, provides a detailed review of the state of utility communications network deployments and services consumption worldwide. Global market forecasts for communications infrastructure and services, segmented by technology, application, and region, extend through 2025. The report also examines the key market and technology issues related to utility networking and communications equipment and services for smart grid and smart city applications, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Networking and Communications for Smart Grids and Smart Cities, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.