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Distribution Automation Market by Component, Type of Utility And Region - Global Forecast to 2023

Distribution Automation Market: Global Forecast until 2023

  • June 2018
  • 135 pages
  • ID: 5473529
In this report:
The IEA also predicts that the global renewable generation capacity is expected to grow by ##%, or ## GW, by 2021.
In the Middle East & Africa, the public utility market is expected to reach USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period.
The North American distribution automation market was valued at USD ##,##.## million in 2017 and is expected to grow at a CAGR of ##.##%, during the forecast period.

Summary

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The distribution automation market is estimated to rise at a compound annual growth rate of ~7.3 percent from 2018 to 2023.

The distribution automation market is estimated to grow ~$16.8B by 2023, from an estimated ~$11.8B in 2018, at a compound annual growth rate (CAGR) of 7.29% during the forecast horizon. The growing renewable power generation has boosted the market demand for distribution automation. Also, the need for energy efficiency, protection, and immediate fault detection in the power distribution network would further aid the increase of this market. Nevertheless, the high initial cost of distribution automation system would act as a restraint for the distribution automation market.

The field device segment is anticipated to grow at the highest compound annual growth rate (CAGR) from 2018 to 2023.

The field device segment is anticipated to be the quickest-increasing distribution automation market, by component, from 2018 to 2023.The rising deployment of field devices in distribution automation will drive the field device segment.

Growing investments in field devices, particularly in Asian countries including China, India (IN), Japan (JP), and South Korea (KR), will result in the higher market share of field device segment in distribution automation market.

Europe (EU): The largest industry for distribution automation

EU is anticipated to be the biggest market for distribution automation in 2018, succeeded by North America continent and Asia Pacific (APAC). Germany (DE), United Kingdom, and France (FR) are anticipated to hold a significant share of the distribution automation market in the territory as a result of rising investments in smart grid projects.

The distribution automation market is increasing at a quick pace in countries including Spain, Italy (IT), and Denmark (DK) because of growing smart grid investments with strong in-built T&D assets. These factors are anticipated to boost the rise of the distribution automation market in Europe (EU).

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants to verify and obtain critical qualitative and quantitative info as well as assess future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 - 70.0 percent, Tier 2 - 20.0 percent, and Tier 3 - 10.0 percent

• By Description: C-suite - 50.0 percent, D-Level - 20.0 percent, Others - 30.0 percent

By area: North america (NA) - 35.0 percent, Europe - 12.0 percent, Asia Pacific - 22.0 percent, Middle East & Africa- 21.0 percent, and South America - 10.0 percent,

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2016: Tier 1 = >USD 10 billion, Tier 2 = from $1.0B to $10.0B, and Tier 3 =

The key players in the distribution automation market are ABB, Siemens, Schneider Electric (SU), GE, and Eaton.

Segment Research

The market research defines, depicts, and forecasts the overall distribution automation market by type of utility, component, and area.It also provides a in-depth qualitative and quantitative analysis of the market.

The industry report offers a comprehensive review of the main market drivers, industry restraints, possibilities, and opportunities. It also includes different important aspects of the market.

Why acquire this industry report?

1. The study determines and addresses main markets for distribution automation, which would help providers review the rise in the industry demand for the product.

2. The analysis benefits solutions providers distinguish the pulse of the sector and offers business insights into drivers, market restraints, alternatives, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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