Satellite connections are an often overlooked option when energy companies look for remote network alternatives. This technology is growing at a healthy rate because it offers them a way to reach distant locations. However, these systems are complex and lack bandwidth.
Satellite communications rely on space systems to transmit information from place to place. The big advantage with this option is ubiquity: they cover any place on Earth. Consequently, they mesh with energy companies that have facilities, customers, and transmission lines in far-flung locations.
Backup and disaster recovery are other use cases for satellite connections. Here, they provide needed connectivity if the primary network connection goes down.
Consequently, global satellite revenue rose from $47.86 billion in 2021 to $54.34 billion in 2022 and is expected to reach $80.83 billion in 2026 at a CAGR of 10.4%.
Satellite Networks are Complicated
However, this network option presents challenges to utilities. The technology is complex and difficult to deploy. Many energy companies lack the necessary skill sets and would have to call in a third party for help to install and maybe manage these systems.
In addition, these lines typically are more expensive than alternatives. Also, the available bandwidth is less. The download speed is often much (2x or more) faster than the upload links.
Energy companies are on the lookout for remote networking options. Satellite communication is one area of growing interest. This alternative works well with faraway locations but can be costly and delivers less download bandwidth.