Press release
Distribution Automation Market 2021: Global Size, Trends, Potential Growth and Key Factors Forecast to 2028
Distribution Automation Market
Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the industry during the forecasting period of 2022 to 2028. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the marketplace and value. Various distinctive features involve the market's knowledge based on the factors like the demographic changes, dimensions, historical details, and overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets.
The Distribution Automation Market size was USD 10.89 billion in 2020. The market is projected to grow from USD 11.63 billion 2021 to USD 19.47 billion in 2028 at a CAGR of 7.6% during the 2021-2028 period.
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Companies Operating in Distribution Automation Market
• Siemens (Germany)
• Schneider Electric (France)
• S&C Electric Company (U.S.)
• Eaton (Ireland)
• GE (U.S.)
• Mitsubishi Electric (Japan)
• Schweitzer Engineering Laboratories (SEL) (U.S.)
• ABB (Switzerland)
• G&W Electric Co. (U.S.)
• Toshiba (Japan)
• Hubbell (U.S.)
• Hitachi (Japan)
• Itron (U.S.)
Scope of the Report:
• Distribution Automation Market 2022 global industry research report is a professional and in-depth study on the trends, share, size, growth, as well as industry analysis. Furthermore, size, the revenue shares of each segment and its sub-segments, as well as forecast figures are also covered in this report.
• The Global Distribution Automation Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
• The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of industry. Furthermore, the report offers a detailed analysis and information as per Distribution Automation Market Growth Analysis by manufacturers, segments helping our readers to get a comprehensive overview of the global
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Segments
Utility, Component, and Region are studied for the Market
On the basis of utility, the market is divided into private utility & public utility.
By component, the market is branched across field devices, software, and services.
In terms of geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The distribution automation market study offers an in-depth analysis of the industry in terms of segments and subsegments. Furthermore, the study aims to justify and highlight the highest demand of all present segmentation presumed while compiling the study. Factors such as trends, drivers, opportunities, threats, and restraints surrounding the market are discussed in the report. The report also offers a detailed list of the dominant players in the market along with their accompanying strategies.
Drivers & Restraints
Upgrade of Aging Power Stations to Bolster Market Growth
Rising demand for electricity and grid infrastructures is expected to open new revenue opportunities for the market during the forecast period. Increasing demand from residential, commercial, and industrial sectors and rising technological adaption will further increase the footprint of the market. Also, increasing instances of upgradation of power distribution systems will boost the growth of the market.
However, high installation costs are expected to limit the distribution automation market growth during the forecast period. Also, rising technical complexities will further hinder the market growth.
Regional Insights
Asia Pacific to Witness Dominant Market Growth due to Rapid Urbanization
Asia Pacific will occupy the largest distribution automation market share during the forecast duration owing to rising investment avenues for smart grid projects. Additionally, factors such as rapid urbanization and rising consumer awareness towards green energy will fuel the growth of the market share.
North America will contribute a significant value due to technological advancements in IoT and other communication-based systems. Also, increasing presence of the dominant players for the distribution automation sector will boost the market growth.
Europe is expected to contribute a significant market share during the forecast period owing to rising investments opportunities in grid expansion projects coupled with the rising complexity towards power distribution infrastructure to name a few.
Contact
"Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245"
About
"Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges."
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