Press release
Global Distribution automation Market: Industry Analysis And Detailed Profiles Of Top Industry Players
Demand for Power Quality and Efficiency Devices to Surge in Near Future
The market players have witnessed an increased demand for distribution automation solutions across the industrial sector. In 2012, the industrial sector was the largest end-user in the market and accounted for 51.3% of the overall market. During the forecast period, the industrial sector is anticipated to retain its position, ahead of the commercial and residential sectors.
Among the major product types in the global automation distribution market, monitoring and control devices have registered the highest demand and had held 36.1% of the overall market in 2012. However, during the forecast horizon, the power quality and efficiency devices segment is expected to witness the fastest growth.
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Europe to Dominate Global Distribution Automation Market during Forecast Period
In the global distribution automation market, Europe generated the highest revenue in 2012 and held 32.2% of the overall market. "Various initiatives taken by governments across European nations to fund smart grid projects and growing investments in various components of distribution automation have stimulated the growth of this regional market," a TMR analyst cites.
While the low cost of operation and maintenance of distribution automation solutions is likely to drive the demand from the Europe market, North America and Asia Pacific are expected to emerge as the major regions in the market. The growing focus on advanced metering infrastructure integrated with distribution automation solutions is expected to aid the growth of the market in North America.
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Lack of Standardization in Communication Technology to Hamper Growth of Global Distribution Automation Market
The technical advancements enhancing the efficiency and reliability of distribution system has led to the increased demand for distribution automation solutions. The various benefits offered by distribution automation systems including reduced power outage and lower operating cost and maintenance have further increased their adoption. However, the lack of standardization in the communication technology and infrastructure, coupled with modernization of existing switchgear might hamper the growth of the global distribution automation market. Technological innovations hold immense growth opportunities for the market. "The rural market is an untapped opportunity for the distribution automation vendors," points out a TMR analyst.
The global distribution automation market is projected to expand at a CAGR of 8.50% during the period between 2013 and 2019. The overall market stood at a valuation of US$9,986.3 mn in 2012 and is anticipated to be worth US$17,677.2 mn by the end of the forecast period.
The information presented in this review is based on a Transparency Market Research report, titled "Distribution Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019."
Global distribution automation market has been segmented as:
Distribution Automation Market by Product Type:
Monitoring and control devices
Power quality and efficiency devices
Switching and power reliability devices
Distribution Automation Market by End-user:
Industrial segment
Commercial segment
Residential segment
Distribution Automation Market by Geography:
North America
Europe
Asia-Pacific
Rest of the World
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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