Press release
Electric Power Distribution Automation Systems Market: Global Industry Analysis Key Players Are- General Electric, Eaton Corporation Plc, Mitsubishi Electric Corp., ABB Ltd., G&W Electric Company, Schneider Electric
Electric Power Distribution Automation Systems Market
The global electric power distribution automation systems market generated $14.6 billion in 2017 and is anticipated to grow at a CAGR of 5.8% during the forecast period.
The electrical power distribution automation system consists of a series of intelligent processors, communication technologies and sensors that manage the distribution of electric power in a specific grid. These systems are mainly used in modern power grid framework and assist in automating the analysis and screening of the power to be distributed. This largely helps in monitoring the efficiency of power distribution while controlling potential leakages, which increases the overall efficiency of the grid. The power distribution automation substation is located in the vicinity of the city, town or the industrial area which receives electric power. The substation receives high voltage power from the power station through a transmission network. It is stepped down with a transformer to a primary distribution level voltage and is then transmitted to the grid for distribution.
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The demand for electric power distribution automation systems has increased over the years owing to growing adoption of smart cities, and increasing demand for efficient and low-cost power distribution solutions across the globe. The rising demand for electricity, coupled with high demand for smart grids has increased the adoption of electric power distribution automation systems. The increasing ageing infrastructure along with the increasing need to update existing networks further supports electric power distribution automation systems market growth. Growing demand from emerging economies, increasing adoption smart grid applications, and technological advancements are expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Electric Power Distribution Automation Systems Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America generated the highest revenue in 2017 owing to increasing trend of smart cities, and presence of established telecom and cloud infrastructure in this region. The increasing adoption of smart grids, and growing demand for smart technologies drive the electric power distribution automation systems market growth in the region.
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Competitive Landscape and Key Vendors
The global electric power distribution automation systems market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies operating the electric power distribution automation systems market include-
General Electric, Eaton Corporation Plc, Mitsubishi Electric Corp., ABB Ltd., G&W Electric Company, Schneider Electric, Elster Solutions, Schweitzer Engineering Laboratories, Siemens AG, and S&C Electric Company.
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Key Segments
Component
• Field Devices
• Software
• Services
• Communication Technology
Implementation
• Feeder Automation
• Substation Automation
• Consumer Side Automation
End-User
• Residential
• Commercial
• Industrial
• Others
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com
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