Distribution Automation Market: Key Insights
According to the new market research report “Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region – Global Forecast to 2025″, size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025.
Distribution Automation Market: Key Development
The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are major factors driving the growth of this market.
The major strategies adopted by the market players include contracts & agreements, new product developments, mergers & acquisition, investments & expansions, partnerships. Contracts & agreements were the most commonly adopted strategy from January 2017 to February 2020.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=65029172
The Report Lists the Key companies profiled in this Distribution Automation Market:
ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany).
Public utility segment estimated to hold a larger share of the distribution automation market than the private utility segment during the forecast period
The distribution automation market has been segmented based on utility into public and private. The public utility segment accounted for a larger market share in 2019. Public utilities are undertaking initiatives to adopt new advanced technologies due to increased regulation and evolving customer preferences.
Wireless segment projected to register a higher CAGR than the wired segment during the forecast period
Based on communication technology, the market has been segmented into wired and wireless. The wireless segment is expected to witness a higher CAGR during the forecast period. Distribution automation uses wireless communication due to its ease in accessibility and increased efficiency. This wireless communication technology provides integral support to the utilities by offering high bandwidth and covering a large area.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=65029172
Regional Insights:
Asia Pacific estimated to dominate the distribution automation market during the forecast period
Asia Pacific is estimated to be the largest market for distribution automation during the forecast period. For the market analysis, the region has been segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The demand for distribution automation in this region is driven mostly by the increasing electricity consumption and the need to upgrade aging infrastructure. Countries in this region are shifting toward clean energy to meet the growing energy demands.
