Press release
Distribution Automation Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
The global distribution automation market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. Distribution automation is a family of technologies, including sensors, processors, information and communication networks, and switches, through which a utility can collect, automate, analyze, and optimize data to improve the operational efficiency of its distribution power system. The growth of the distribution automation is attributed to the factors such as the transition from fuel-based electricity to renewable sources of energy and subsequent steps taken by governments and other private players to expand and upgrade the power transmission and distribution lines.To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/distribution-automation-market
For instance, in January 2022, the Government of India revealed its plans to invest $1.6 billion to add new lines to transmit electricity from renewable plants as it seeks to draw half of its energy requirement from greener sources by 2030. Dedicated transmission lines of 10,750 circuit kilometers will be built across seven provinces under the second phase of the green energy corridor project. Such measures taken by the government are creating opportunities for advanced grid automation technologies and efficient management of renewable energy distribution. The growth of distribution automation is also driven by government initiatives to upgrade and expand the power transmission line. For instance, in May 2022, the US government launched a $2.5 billion fund to modernize and expand the capacity of the country's power grid under the Transmission Facilitation Program (TFP). Its launch marks the largest infrastructure law investment made exclusively in transmission. It is also among the first down payments on the more than $20 billion of investments being made under the DOE's new Building a Better Grid Initiative. The expansion of renewable energy sources, such as wind and solar power, has further driven the demand for automation in power transmission and distribution lines.
Global Distribution Automation Market Report Segment
By Component
• Field Devices
o Remote Fault Indicators
o Smart Relays
o Automated Feeder Switches
o Automated Capacitors
o Automated Voltage Regulators
o Automated Feeder Monitors
o Transformer Monitors
o Remote Terminal Units
• Software and Services
By Communication Technology
• Wireless
o Radio Frequency Mesh
o Cellular Networks
o Worldwide Interoperability for Microwave Access (WiMAX)
• Wired
o Fiber Optic
o Ethernet
o Powerline Carrier
o Internet Protocol (IP)
By Utility
• Public
• Private
A full report of Distribution Automation Market available @ https://www.omrglobal.com/industry-reports/distribution-automation-market
Distribution Automation Market Report Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• Aclara Technologies LLC
• Advanced Control Systems
• Eaton Corporation plc
• Emerson Electric Co.
• G&W Electric Co.
• General Electric Co.
• Landis+Gyr - Landis+Gyr Group AG
• NovaTech LLC
• Power System Engineering, Inc.
• S&C Electric Co.
• Schneider Electric SE
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/
https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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