openPR Logo
Press release

Electric Power Distribution Automation Systems Market Analysis for 2028

06-17-2022 02:27 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Electric Power Distribution Automation Systems Market

Electric Power Distribution Automation Systems Market

According to Triton's report, the global electric power distribution automation systems market, which attained $30053.37 million in 2021, is expected to register progress at 7.05% of CAGR by 2028.

A recent study by Triton Market Research titled 'Global Electric Power Distribution Automation Systems Market' by Implementation (Feeder Automation, Substation Automation, Consumer Automation), End-user (Industrial, Commercial, Residential), and Regional Outlook (Europe, the Middle East and Africa, Asia-Pacific, North America, and Latin America).

Request Free Sample of the Global Electric Power Distribution Automation Systems Market Report @ https://www.tritonmarketresearch.com/reports/electric-power-distribution-automation-systems-market#request-free-sample

According to Triton's Market Research, the global electric power distribution automation systems market is expected to witness growth at a CAGR of 7.05% over the forecasted years 2022-2028, attaining revenue worth $47692.16 million by 2028.
An aging infrastructure is a major issue that has negatively impacted the power industry as a whole. Such an issue is resolved with investments in infrastructure upgrades or replacement.

Automation has made distributed energy profitable through the modernization of grid infrastructure. An aging infrastructure is faced with a multitude of challenges requiring a thoughtful approach, such as the use of electric power distribution automation systems. This acts as a growth driver for the studied market.

On the other hand, the implementation of SCADA systems poses a threat to the market growth. This is because their operation is complicated and the unique character of SCADA across many industry verticals and applications requires technical understanding.

The electric power distribution automation systems market is categorized into implementation and end-user. The implementation segment is divided into feeder automation, substation automation, and consumer automation. The end-user segment is summarized into industrial, commercial, and residential.

Globally, North America is leading the market and is expected to continue its stronghold over the market until 2028. The region witnesses a growing demand for energy in commercial, industrial, and residential sectors, which further surges the demand for electric power distribution automation systems. Further, in January 2022, Eaton launched 5PX G1 UPS for the North American market, in order to improve the cybersecurity and connectivity of its legacy technology. This will be highly suitable for its end-users across various sectors. Such factors are supporting the growth of this regional market.

The key players in the global market include Oracle Corporation, Honeywell International Inc, G&W Electric Company, Schneider Electric, S&C Electric Company, Siemens AG, ABB Ltd, General Electric Company, Schweitzer Engineering Laboratories Inc, Hitachi Ltd, Hubbell Power Systems, Itron Inc, Eaton Corporation plc, and Mitsubishi Electric Corporation.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/electric-power-distribution-automation-systems-market#purchase-option

Question & Answer: Electric Power Distribution Automation Systems Market

Question 1: What factors contribute to the growth of the global electric power distribution automation systems market?

Answer: An aging infrastructure is a major issue that has negatively impacted the power industry as a whole. Such an issue is resolved with investments in infrastructure upgrades or replacement. Automation has made distributed energy profitable through the modernization of grid infrastructure. An aging infrastructure is faced with a multitude of challenges requiring a thoughtful approach, such as the use of electric power distribution automation systems. This acts as a growth driver for the studied market.

Question 2: What factors impede the demand for electric power distribution automation systems?
Answer: The implementation of SCADA systems poses a threat to the market growth. This is because their operation is complicated and the unique character of SCADA across many industry verticals and applications requires technical understanding.

Question 3: Which region is leading the growth of the global electric power distribution automation systems?

Answer: Globally, North America is leading the market and is expected to continue its stronghold over the market until 2028. The region witnesses a growing demand for energy in commercial, industrial, and residential sectors, which further surges the demand for electric power distribution automation systems. Further, in January 2022, Eaton launched 5PX G1 UPS for the North American market, in order to improve the cybersecurity and connectivity of its legacy technology. This will be highly suitable for its end-users across various sectors. Such factors are supporting the growth of this regional market.

Question 4: What are the key players in the global electric power distribution automation systems market?

Answer: The key players in the global market include Oracle Corporation, Honeywell International Inc, G&W Electric Company, Schneider Electric, S&C Electric Company, Siemens AG, ABB Ltd, General Electric Company, Schweitzer Engineering Laboratories Inc, Hitachi Ltd, Hubbell Power Systems, Itron Inc, Eaton Corporation plc, and Mitsubishi Electric Corporation.

Related Report:

Global Distribution Transformers Market

The global distribution transformers market is projected to surge at a CAGR of 7.57% during 2019-2027, while gaining $29101.23 million worth of revenue by 2027.

A distribution transformer is used when low-voltage electrical energy is required. These step-down transformers work at low efficiency, are easy to install and offer low magnetic losses. The growing focus on electrical safety & environmental protection, implementation of smart grids, and technological advancement in the transformer industry are driving the market's growth.

On the other hand, the issues of electricity failure in distribution transformers have negatively impacted the development of the market. However, renewable energy adoption creates opportunities for the global market.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing our clients with the best online market research and data search reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electric Power Distribution Automation Systems Market Analysis for 2028 here

News-ID: 2655970 • Views: 226

More Releases from Triton Market Research

Alzheimer's Disease Therapeutics and Diagnostics Market Overview for 2028
A recent study by Triton Market Research titled 'Global Alzheimer's Disease Therapeutics and Diagnostics Market,' covers the Global Analysis and Forecasts by Diagnostics (Positron Emission Tomography, Electroencephalography, Lumbar Puncture Test, Blood Test, Computed Tomography, Magnetic Resonance Imaging, Other Diagnostics), by Therapeutics (Drug Type [Marketed Drugs, Pipeline Drugs], Disease Stage [Prodromal Stage, Late Stage: Severe AD, Early/Middle Stage: Mild To Moderate AD], Generic & Branded [Branded, Generic]), and by Regional Outlook
Global Food Allergen Testing Market Evaluated to Gain $1301.26 Million by 2028
A recent study by Triton Market Research titled Global Food Allergen Testing Market includes Global Analysis and Forecasts by Food Tested (Convenience Foods, Processed Food [Bakery and Confectionary, Dairy Products, Meat and Seafood, Other Processed Foods], Beverages Baby Food) Technology (PCR, Immunoassay Based/Elisa, Biosensors-based, Other Technologies), Geography (North America, Middle East and Africa, Asia-Pacific, Europe, Latin America). Request free samples of the global food allergen testing market @ https://www.tritonmarketresearch.com/reports/food-allergen-testing-market#request-free-sample According to
Global Medical Enzymes Market Evaluated to Gain $6878.46 Million in Value by 202 …
A recent study by Triton Market research titled Global Medical Enzymes Market consists of the Global Analysis and Forecasts by Application (Biomedical Research, Diagnostic Tools, Disease Treatment, Other Applications), Product Type (Endonuclease [Benzonase, Other Endonucleases]), Hydrolase [Hyaluronidase, Lysozymes, Other Hydrolases Enzymes], Digestive Enzyme [Lactase, L-Asparaginase, Other Digestive Enzymes], Thrombolytic Enzyme [Streptokinase, Urokinasem, Other Thrombolytic Enzymes], and Geography (North America, Middle East and Africa, Latin America, Europe, Asia-Pacific) Request a free sample
Global Base Oil Market Estimated to Gain $37.51 Billion in Value by 2028
A recent study by Triton Market Research titled 'Global Base Oil Market' involves the Global Analysis and Forecasts by Application (Industrial Oil, Greases, Metalworking Fluids, Hydraulic Oil, Automotive Oil, Other Applications), by Group (Group I, Group II, Group III, Group IV, Group V), and Geography (Asia-Pacific, Europe, Latin America, North America, and the Middle East and Africa). Base oil is a refined product of crude oil used to produce motor oil,

All 5 Releases


More Releases for Electric

Electric Motors vehicles
Electric Car Batteries- Reuse and Recycling: There are several advantages to operating an electric vehicle (EV). Electric Vehicles pump fewer CO2 into the environment and less noise pollution in communities. When competition pushes down battery costs, they are also becoming more available to middle- and low-income consumers and policymakers are adopting national and local policies aimed at promoting EV production. It is extremely relevant when it comes to their batteries, which usually
New Electric Wheelchair
The wheelchair is controlled by a motor. With safety light. Convenient to use at night. Freely adjusting the backrest angle is more comfortable for the user. The average driving speed is 1-6km/h. The marketplace was wholly developed by the Jiangsu Medwish Network Technology Co., Ltd., a private corporation based in Jiangsu, China. Through substantial previous international B2B e-commerce field experience, Jiangsu Medwish is dedicated to establishing a globally recognized framework and
Global Electric Truck Market
Global Electric Truck Market – Industry Analysis and Forecast (2018-2026) – by Electric, Truck, Application Type and Region. Global Electric Truck Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Major driving factors of the Electric Truck Market the trucking industry is in the stages of a technological changes, with a particular focus
India pushes Electric Vehicles
The Indian government’s recent tweaking of the licensing policy for Electric Vehicles (EV) promises to address the infrastructure obstacle holding back the sector. The setting up of EV charging stations by the government would no longer require a license from the Ministry, paving the way for the faster construction of these stations. Earlier this year, Ola – the cab firm – initiated ‘Mission: Electric’ with plans to put 10,000 electric auto-rickshaws and
Folding Electric Bicycle
In this report, the global Folding Electric Bicycle market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Electric Bicycle in these regions, from 2012 to 2022
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in