Press release
Power Grid Automation Systems Market Analysis, Status and Business Outlook 2022 to 2027|ABB, Siemens, CHINT
The Power Grid Automation Systems Market report is a great source of insightful data for business strategists. It gives an overview of the industry, as well as growth projections and historical and forecasted cost, revenue, demand, and supply statistics (as applicable). The research experts provide a detailed overview of the value chain as well as a study of its distributors. The Power Grid Automation Systems Market analysis contains in-depth information that will aid in the comprehension, breadth, and application of this report.The revenue compound annual growth rate of the Power Grid Automation Systems Market supplies industry will reach 19.23 % during the next five years (2022-2027).
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This report covers the competitive landscape of top manufacturers such as ABB, Siemens, CHINT, National Instruments, GE Gird, Schneider Electric
RECENT DEVELOPMENTS
In September 2020, Siemens Energy, a subsidiary of Siemens, launched its new Unified Power Flow Controller (UPFC) PLUS and expanded the options for grid stabilization. The UPFC PLUS helps system operators stabilize the grid by dynamically controlling the load flow in alternating-current grids.
July 2018, GE Power’s Grid Solutions business launched a new Advanced Distribution Management Solution (ADMS) in collaboration with Tata Power Delhi Distribution (Tata Power - DDL), specially designed for India, with advanced features such as monitoring, security, analysis, and planning.
Global Power Grid Automation Systems Market Split by Product Type and Applications:
This report segments the global Power Grid Automation Systems market based on Types are:
On-Grid Automation Systems
Off-Grid Automation Systems
Based on Application, the Global Power Grid Automation Systems market is segmented into:
Communications
IT & Telecom
Smart Grid
Others
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Global Power Grid Automation Systems Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Power Grid Automation Systems market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
REGIONAL OUTLOOK
North America is expected to account for the largest market size during the forecast period.
North America includes countries such as the US, Canada, and Mexico. The US and Canada, which contribute heavily to the growth of the regional market. The region is estimated to account for the largest share of the global smart grid market, and a similar trend is expected to continue until 2023. One of the key reasons for the large market size is the early adoption of smart grid projects. The strong financial position of the US and Canada enables them to invest heavily in smart infrastructure platforms of the smart grid market.
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Table of Contents Power Grid Automation Systems Market
- Chapter 1: Overview of Power Grid Automation Systems Market
- Chapter 2: Global Market Status and Forecast by Regions
- Chapter 3: Global Market Status and Forecast by Types
- Chapter 4: Global Market Status and Forecast by Downstream Industry
- Chapter 5: Market Driving Factor Analysis
- Chapter 6: Market Competition Status by Major Manufacturers
- Chapter 7: Major Manufacturers Introduction and Market Data
- Chapter 8: Upstream and Downstream Market Analysis
- Chapter 9: Cost and Gross Margin Analysis
- Chapter 10: Marketing Status Analysis
- Chapter 11: Market Report Conclusion
- Chapter 12: Research Methodology and Reference.
The report offers significant features about the central members that are existing in the business for quite a while just as gives insights about their production design, product portfolio, and other data. The study document contains an assessment of various drivers, upcoming technologies, opportunities, market risks, restraints, market barriers, challenges, trends, competitive landscape, and segments which gives an exact picture of the growth of the global Power Grid Automation Systems market
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