5G in Energy and Utilities Market

Q: What is the projected market size of the global 5G in energy and utilities market?

The global 5G in energy and utilities market size is projected to grow at a CAGR value of 28.3% between 2021 and 2026.

Q: Who are the major vendors in the 5G in energy and utilities market?

Key and innovative vendors in the 5G in energy and utilities market include Tech Mahindra, Ericsson, Carritech, Infosys, Vodafone Limited, Samsung, Huawei, LG, Qualcomm, Nokia, ZTE Corporation, NEC Corporation, Verizon, Orange, AT&T, Cisco Systems, Qualcomm, American Tower, and Microsoft Azure, among others.

Q: Which region has the highest market share in the 5G in energy and utilities market?

The North American region is estimated to hold the largest share of the 5G in energy and utilities market.

Q: What is the Covid-19 impact on the future of the 5G in energy and utilities market?

The COVID-19 pandemic has helped the market adopt remote monitoring capabilities. The pandemic has shown the industry the advantages of adopting IoT and AI in the manufacturing & operation process. Hence, the market is expected to show tremendous growth during the forecast period.

Q: What are the major drivers in the 5G in energy and utilities market?

Growing demand for smart meters and smart grids, growing adoption of IoT, heavy investment in the development of smart city infrastructure by governments, and the growing number of renewable energy plants are the major drivers of the 5G in energy and utilities market.

Global 5G in Energy and Utilities Market Size, Trends & Analysis - Forecasts to 2026 By Application (Energy Distribution, Smart Home Applications, Remote Monitoring of Energy Sites, Climate Monitoring, and Support and Maintenance), By Communication Type (FWA, eMBB, URLLC, and mMTC), By End-Users (Water and Wastewater Management, Utility Gas Management, and Electricity Grid Management), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis

Category Energy & Power

Format

This report was recently updated on April 12 2024 with the latest and most recent market numbers

5G in Energy and Utilities Market Size

The global 5G in energy and utilities market is projected to grow at a CAGR value of 28.3% between 2021 and 2026. 5G networks offer greater bandwidth as well as lower latency compared to the previous generation. The adoption of 5G in the energy and utility industry will improve the health and safety of employees, generate new sources of revenue, reduce asset management costs, and facilitate better remote monitoring, and workforce training. The advantages that 5G offers the industry over its predecessor are expected to drive the growth of the market.

Technological advancements in the field of artificial reality, virtual reality, and mixed reality are being implemented by the energy and utility industry to enable real-time support to technicians in remote locations. 5G networks offer superior bandwidth speeds and lower latency periods which will further enhance the applicability of AR and VR as they can support the streaming high definition videos.

With the help of 5G networks, new employees in the energy and utility industry can be trained remotely in real-time with the help of 4k/8k videos instead of having them come over to or from remote bases of operation.

The growing deployment of artificial intelligence and IoT-enabled devices will be further facilitated by the growing adoption of 5G networks. The growing data that is generated and stored from smart sensors across large areas can be efficiently analyzed and power can be redistributed to ensure stable power supplies. With the help of 5G networks, previously unconnected devices can be connected to smart grids allowing the grids to forecast and schedule their energy requirements more precisely, reducing downtimes and costs on maintenance and repairs. The growing investments in smart city infrastructure by governments across the world is another driver for the growth of 5G in the energy and utilities market. 5G networks have a very low latency period which will allow energy companies to automate power flow switching, load management, and voltage stabilization.

The growing adoption of smart meters in private homes is expected to further enhance the demand for 5G in the energy industry. Growing demand for remote monitoring and efficient management of the large amounts of data generated within the industry is expected to increase the demand for 5G for transmitting vast amounts of data. 5G networks will help industries to analyze data in real-time and make decisions instantaneously.

As 5G networks will result in greater connectivity among devices, the amount of data that will be generated will also increase. Data privacy and cybersecurity concerns will hamper the growth of the market. Operating such 5G-enabled technology will require skilled professionals and government regulations and standards of operation of 5G networks are also expected to restrict the growth of the market.

global 5g in energy and utilities market

5G in Energy and Utilities Market: By Application

Based on the applications of 5G in the energy and utilities industry, the market is segmented into energy distribution, smart home applications, remote monitoring of energy sites, climate monitoring, and support and maintenance. The remote monitoring of energy sites segment is expected to hold the lion’s share of the 5G in the energy and utilities market. Most power generating plants are in remote areas away from urban locations which makes them harder to reach. The growing investment in the development of new renewable energy plants is expected to facilitate the adoption of 5G in remote monitoring of energy sites in the energy and utilities industry.

5G in Energy and Utilities Market: By Communication Type

Based on the communication type employed, the market is segmented into FWA, eMBB, URLLC, and mMTC. The massive machine-type communications (mMTC) segment is expected to hold the lion’s share of the market. The growing adoption of IoT, machine, and learning, and artificial intelligence in the energy and utilities industry for remote monitoring and management have resulted in the dominance of the mMTC segment. 5G networks are capable of supporting 100 times more connected devices and transmit data at much faster speeds which have been the major drivers of this segment.

The Ultra-Reliable Low Latency Communication (URLLC) segment is expected to register better growth rates than the other segments during the forecast period. The low latency of <1ms is expected to increase the adoption of 5G in remote monitoring, VR & AR assisted remote consultations and training of new employees.

5G in Energy and Utilities Market: By End-Users

Based on the various end-users, the market is segmented into water and wastewater management, utility gas management, and electricity grid management. The electricity grid management segment is expected to hold the lion’s share of the revenues generated in the 5G in energy and utilities market. The growing adoption of smart meters by households and the growing number of sensors being deployed by energy and utilities companies have contributed to the dominance of the electricity grid management segment.

Growing investments in smart city infrastructure by governments will play a crucial role in the growth of this segment. 5G networks will allow grid operators to operate various functions such as power flow switching, load management, and voltage stabilization. These factors will result in the segment showcasing better growth rates than the other segment during the forecast period.

asia pacific 5g in energy and utilities market

5G in Energy and Utilities Market: By Region

Based on region, the market is segmented into regions such as North America, Europe, Central and South America, Middle East and Africa, and Asia Pacific regions. The North American region is expected to hold the dominant share of the 5G in energy and utilities market. The region has a large number of key players in the energy and utility industry. The greater investment in infrastructure in the region has made them much more suited to adapt to 5G networks which have contributed to the dominance of the region.

The APAC region is anticipated to become the fastest-growing region. The growing investment in renewable sources of energy has increased the demand for remote monitoring of energy plants, the growing urbanization rates, and increasing investment by governments in the region on smart cities are expected to result in the rapid growth of the market in the APAC region.

5G in Energy and Utilities Market Share and Competitor Analysis

Tech Mahindra, Ericsson, Carritech, Infosys, Vodafone Limited, Samsung, Huawei, LG, Qualcomm, Nokia, ZTE Corporation, NEC Corporation, Verizon, Orange, AT&T, Cisco Systems, Qualcomm, American Tower, and Microsoft Azure, among others, are the key players in the 5G in energy and utilities market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 5G in Energy and Utilities Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Application Overview

2.1.3 Communication Type Overview

2.1.4 End-Users Overview

2.1.6 Regional Overview

Chapter 3 5G in Energy and Utilities Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 The growing adoption of smart grids and smart meters

3.3.2 Industry Challenges

3.3.2.1 Privacy concerns and the threat of cyberattacks

3.4 Prospective Growth Scenario

3.4.1 Application Growth Scenario

3.4.2 Communication Type Growth Scenario

3.4.3 End-Users Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 End-User Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 5G in Energy and Utilities Market, By Application

4.1 Application Outlook

4.2 Energy Distribution

4.2.1 Market Size, By Region, 2020-2026 (USD Billion)

4.3 Smart Home Applications

4.3.1 Market Size, By Region, 2020-2026 (USD Billion)

4.4 Remote Monitoring of Energy Sites

4.4.1 Market Size, By Region, 2020-2026 (USD Billion)

4.5 Climate Monitoring

4.5.1 Market Size, By Region, 2020-2026 (USD Billion)

4.6 Support and Maintenance

4.6.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5 5G in Energy and Utilities Market, By Communication Type

5.1 Communication Type Outlook

5.2 FWA

5.2.1 Market Size, By Region, 2020-2026 (USD Billion)

5.3 eMBB

5.3.1 Market Size, By Region, 2020-2026 (USD Billion)

5.4 URLLC

5.4.1 Market Size, By Region, 2020-2026 (USD Billion)

5.5 MMTC

5.5.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6 5G in Energy and Utilities Market, By End-Users

6.1 End-Users Outlook

6.2 Water and Wastewater Management

6.2.1 Market Size, By Region, 2020-2026 (USD Billion)

6.3 Utility Gas Management

6.3.1 Market Size, By Region, 3030-3036 (USD Billion)

6.4 Electricity Grid Management

6.4.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7 5G in Energy and Utilities Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2020-2026 (USD Billion)

7.2.2 Market Size, By Application, 2020-2026 (USD Billion)

7.2.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.2.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.2.6 U.S.

7.2.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.2.4.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.2.4.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.2.7 Canada

7.2.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.2.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.2.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3 Europe

7.3.1 Market Size, By Country 2020-2026 (USD Billion)

7.3.2 Market Size, By Application, 2020-2026 (USD Billion)

7.3.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.6 Germany

7.3.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.6.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.7 UK

7.3.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.8 France

7.3.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.9 Italy

7.3.9.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.9.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.9.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.10 Spain

7.3.10.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.10.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.10.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.11 Russia

7.3.11.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.11.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.11.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Size, By Country 2020-2026 (USD Billion)

7.4.2 Market Size, By Application, 2020-2026 (USD Billion)

7.4.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.6 China

7.4.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.6.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.7 India

7.4.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.8 Japan

7.4.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.9 Australia

7.4.9.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.9.2 Market size, By Communication Type, 2020-2026 (USD Billion)

7.4.9.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.10 South Korea

7.4.10.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.10.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.10.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.5 Latin America

7.5.1 Market Size, By Country 2020-2026 (USD Billion)

7.5.2 Market Size, By Application, 2020-2026 (USD Billion)

7.5.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.5.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.5.6 Brazil

7.5.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.5.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.5.6.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.5.7 Mexico

7.5.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.5.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.5.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.5.8 Argentina

7.5.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.5.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.5.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.6 MEA

7.6.1 Market Size, By Country 2020-2026 (USD Billion)

7.6.2 Market Size, By Application, 2020-2026 (USD Billion)

7.6.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.6.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.6.6 Saudi Arabia

7.6.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.6.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.6.6.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.6.7 UAE

7.6.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.6.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.6.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.6.8 South Africa

7.6.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.6.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.6.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Infosys

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Info Graphic Analysis

8.3 Ericsson

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Info Graphic Analysis

8.4 Tech Mahindra

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Info Graphic Analysis

8.5 Verizon

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Info Graphic Analysis

8.6 AT&T

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Info Graphic Analysis

8.7 Samsung

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Info Graphic Analysis

8.8 NEC

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.9 Huawei Technologies

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.10 Cisco Systems

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Info Graphic Analysis

8.11 Qualcomm

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 Info Graphic Analysis

8.12 Other Companies

8.12.1 Company Overview

8.12.2 Financial Analysis

8.12.3 Strategic Positioning

8.12.4 Info Graphic Analysis

The Global 5G in Energy and Utilities Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the 5G in Energy and Utilities Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global 5G in energy and utilities market?

The global 5G in energy and utilities market size is projected to grow at a CAGR value of 28.3% between 2021 and 2026.

Who are the major vendors in the 5G in energy and utilities market?

Key and innovative vendors in the 5G in energy and utilities market include Tech Mahindra, Ericsson, Carritech, Infosys, Vodafone Limited, Samsung, Huawei, LG, Qualcomm, Nokia, ZTE Corporation, NEC Corporation, Verizon, Orange, AT&T, Cisco Systems, Qualcomm, American Tower, and Microsoft Azure, among others.

Which region has the highest market share in the 5G in energy and utilities market?

The North American region is estimated to hold the largest share of the 5G in energy and utilities market.

What is the Covid-19 impact on the future of the 5G in energy and utilities market?

The COVID-19 pandemic has helped the market adopt remote monitoring capabilities. The pandemic has shown the industry the advantages of adopting IoT and AI in the manufacturing & operation process. Hence, the market is expected to show tremendous growth during the forecast period.

What are the major drivers in the 5G in energy and utilities market?

Growing demand for smart meters and smart grids, growing adoption of IoT, heavy investment in the development of smart city infrastructure by governments, and the growing number of renewable energy plants are the major drivers of the 5G in energy and utilities market.