Global Industrial Utility Communication Market Size Study & Forecast, by Communication Protocol, by Application, and Regional Forecasts 2025-2035

The Global Industrial Utility Communication Market is valued at approximately USD 9.15 billion in 2024 and is projected to witness a robust compound annual growth rate of over 7.41% during the forecast period from 2025 to 2035. Industrial utility communication systems form the nervous system of modern industrial automation. These technologies enable seamless data transfer between devices, instruments, and control systems, ensuring real-time monitoring, streamlined asset management, and operational continuity. As industries accelerate toward Industry 4.0, embracing digital transformation, and automated infrastructure, the demand for secure, reliable, and high-speed communication networks becomes paramount. The proliferation of smart grids, rising adoption of IoT across industrial sectors, and the need to improve operational efficiency are fueling the growth of the industrial utility communication landscape.

The surging dependence on real-time analytics and remote monitoring has significantly augmented the implementation of industrial communication protocols. With the shift toward predictive maintenance and intelligent asset management, utilities now require communication systems that not only support legacy protocols like Modbus or Profibus but also integrate seamlessly with wireless technologies such as WirelessHART and emerging IP-based platforms. According to the International Energy Agency (IEA), digital investment in energy systems surpassed USD 50 billion globally in 2023, much of which was directed toward modernizing utility infrastructure. Additionally, the increasing complexities in utility operations across oil & gas, power generation, and water treatment sectors are compelling operators to adopt hybrid deployment models-merging wired stability with wireless agility. However, data privacy concerns and interoperability challenges may pose barriers to widespread adoption in certain regions.

From a regional perspective, North America holds the lion's share of the market in 2025, thanks to its advanced industrial base, early technological adoption, and strong presence of automation solution providers. The U.S., in particular, is investing heavily in upgrading its aging utility infrastructure with smart technologies and cyber-resilient networks. Europe is witnessing notable traction as well, driven by strict energy efficiency mandates and decarbonization goals, pushing industries toward smarter and more communicative operations. Meanwhile, the Asia Pacific region is forecasted to register the fastest growth rate during the forecast period. Rapid industrialization, coupled with large-scale investment in smart manufacturing and utility automation in countries like China, India, and South Korea, is creating fertile ground for market expansion. Moreover, government-led initiatives promoting Industry 4.0, digital twins, and smart grid integration further bolster the demand for industrial utility communication systems in the region.

Major market players included in this report are:

• Siemens AG
• Schneider Electric SE
• ABB Ltd.
• General Electric Company
• Honeywell International Inc.
• Emerson Electric Co.
• Rockwell Automation, Inc.
• Mitsubishi Electric Corporation
• Eaton Corporation
• Cisco Systems, Inc.
• Yokogawa Electric Corporation
• Hitachi, Ltd.
• Advantech Co., Ltd.
• Belden Inc.
• Phoenix Contact GmbH & Co. KG

Global Industrial Utility Communication Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Communication Protocol:

• Fieldbus
• HART
• Modbus
• Profibus
• WirelessHART

By Application:

• Field Instrumentation
• Control Systems
• Asset Management
• Data Acquisition
• Remote Monitoring

By Industry Vertical:

• Oil and Gas
• Chemicals
• Power Generation
• Water and Wastewater
• Manufacturing

By Deployment Mode:

• Wired
• Wireless

By Connection Type:

• Point-to-Point
• Point-to-Multipoint

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.