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Electric Power Distribution Automation Market is expected to show a substantial growth with a double digit increase in CAGR, 2024

10-28-2016 12:42 PM CET | IT, New Media & Software

Press release from: Persistence Market Research Pvt. Ltd

Electric Power Distribution Automation Market, Electric Power Distribution Market

Electric Power Distribution Automation Market, Electric Power Distribution Market

Distribution Automation System refers to a set of intelligent processors, communication technologies and sensors the enables to coordinate and monitor the distribution assets of electric power. Electric power distribution automation system is important part of smart grid systems. Distribution automation system provides benefits of efficient and reliable operations within the grid.

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The Electric power distribution automation market across the globe is expected to show a substantial growth with a double digit increase in CAGR by the year 2019. Some of the key factors driving the market are need for automation and intelligent systems in electric power distribution. Some of the factors inhibiting the market growth are less technologies availability in electric power system and implementation of the system. The market is having opportunities in residential market and in geographies such as Asia Pacific including India, Australia and many more.

Global Electric Power Distribution Automation market is segmented on the basis of end users, technology and geography. By end users the market can be segmented into manufacturers, commercial, information technology, telecom and many others. On the basis of technology the market is segmented into communication, sensors, monitoring devices, advanced power electronic technologies and many more. By geography the market is segmented into North America, Europe, Asia Pacific and Rest of world.

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Some of the key players in the market are ABB Ltd., Schneider Electric, Siemens AG, GE Corp., S&C Electric Co., Atlantic City Electric Co., including many others.

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Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

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