Press release
Distribution Automation Market Investigation Expose Enhanced Growth during the forecast Period, 2022-2031 | ABB, GE, Siemens, Schneider Electric, Eaton, Xylem
Distribution Automation Market
Distribution automation is a system used by electric utilities to remotely control and monitor the distribution of electricity. It typically includes sensors, switches, and other devices that can be controlled remotely to improve the efficiency and reliability of the distribution system.
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Key Trends
There are a few key trends in Distribution Automation (DA) technology. First, utilities are recognizing the benefits of DA and are investing in it. This is driven by the need to improve grid efficiency and reliability, as well as the desire to reduce operational costs.
Second, DA is becoming more sophisticated, with advances in communications, sensors, and controls. This is allowing utilities to do more than just automate the distribution of power; they can now monitor and optimize the system in real-time.
Third, there is a trend towards integrating DA with other systems, such as renewable energy sources, demand response, and storage. This allows for a more holistic approach to managing the distribution grid.
Finally, utilities are starting to use DA to provide grid services, such as voltage support and frequency regulation. This is a valuable revenue stream for utilities and helps to further justify the investment in DA.
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Key Drivers
The distribution automation market is primarily driven by the need to reduce operational costs and improve grid efficiency. With the growing adoption of renewable energy sources, distribution automation systems help in managing the variability of these sources and provide grid stability.
They also help in reducing the loss of electricity during transmission and distribution, and improve the quality of power supply. In addition, distribution automation systems help in reducing the duration and cost of power outages.
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Market Segments
By Component
Field Devices
Software
Services
Key Players
The Distribution Automation Market includes players such as ABB, GE, Siemens, Schneider Electric, Eaton, Xylem, Itron, Hubbell, Mitsubishi, and Toshiba.
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Reasons to buy Distribution Automation Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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