Press release
Global Power Distribution Automation Components Market Analysis To Grow At CAGR Of 6.20% Till Year 2021
Power distribution automation components are utilized in power distribution across the regions. These components increase the operational efficiency and are used for various applications such as relays, circuit breakers, fuses, automated switches, reclosers, communication enabling devices, SCADA, live monitoring systems, and smart meters.
Global power distribution automation components market discusses the application of power distribution automation components in the industrial, commercial and residential sectors. It includes switching and protecting components, monitoring devices, and measuring devices in EMEA, the Americas, and APAC.
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Technavios analysts forecast the global power distribution automation components market to grow at a CAGR of 6.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global power distribution automation components market for 2017-2021. To calculate the market size, the report considers the new installations, sales, value and retrofit, replacement, aftermarket services market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavios report, Global Power Distribution Automation Components Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
EATON
Schneider Electric
Siemens
Grid Solutions
Other prominent vendors
Larsen & Toubro
G&W Electric
S&C Electric Company
Kalkitech
Market driver
Increasing investment in smart grids
For a full, detailed list, view our report
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Market challenge
High upfront cost
For a full, detailed list, view our report
Market trend
Emergence of IoT
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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