Distribution Automation Markets

SDKI Inc. is a power distribution automation market research report aimed at providing a detailed analysis of several aspects of the market, including market growth drivers, opportunities, recent trends and challenges between 2018-2023. Was published on April 14, 2021.

Report sample URL
https://www.sdki.jp/sample-request-109977

The distribution automation market is estimated to grow from US $ 11.82 billion in 2018 to US $ 16.81 billion by 2023, with a CAGR of 7.29% during the forecast period. With the increase in renewable energy power generation, the demand for distribution automation is increasing. In addition, the need for energy efficiency, protection, and immediate failure detection in distribution networks will further drive the growth of this market.

However, the high initial cost of distribution automation systems acts as a constraint on the growth of the distribution automation market.

Market segment

The distribution automation market is divided by component (field devices (smart meters, voltage regulators, smart sensors), software and services, communication technology (wired, wireless)), utility type (public, private), and region. Will be. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Report sample URL
https://www.sdki.jp/sample-request-109977

The field device segment is expected to grow at the highest CAGR between 2018-2023.

Based on the components, the field device segment is expected to be the fastest growing segment between 2018-2023. Increasing field device deployment in distribution automation drives the field device segment. Increased investment in field devices in Asian countries such as China, India, Japan and South Korea will hold a higher market share of the field device segment in the distribution automation market.

Area overview

The distribution automation market is further subdivided based on region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, United Kingdom, and other Europe), Asia Pacific (China, Japan, India, Australia, and other Asia Pacific). ) And other regions.

In 2018, Europe holds the largest market share for distribution automation, followed by North America and Asia Pacific. Germany, the United Kingdom and France are expected to occupy a large share of the distribution automation market in the region due to increased investment in smart grid projects. In addition, in countries such as Spain, Italy and Denmark, the distribution automation market is growing rapidly due to increased investment in smart grids with strong built-in T & D assets. Therefore, these factors are expected to boost the growth of the European market.

Detailed contents of the survey report
https://www.sdki.jp/reports/distribution-automation-market/109977

Key players

distribution automation market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), GE (US) and Eaton (Ireland). The survey includes a detailed competitive analysis of these key companies in the distribution automation market, corporate profiles, recent developments, and key market strategies.

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This release was published on openPR.