Distribution Automation Market, By Product Type (Monitoring And Control Devices, Power Quality And Efficiency Devices, Switching And Power Reliability Devices), By End User (Industrial, Commercial, Residential), By Region (North America, Latin America, Eu

Distribution Automation Market, By Product Type (Monitoring And Control Devices, Power Quality And Efficiency Devices, Switching And Power Reliability Devices), By End User (Industrial, Commercial, Residential), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Distribution automation is often required for the safe storage of electricity in large industrial complexes, office buildings, hospitals, etc. where heavy equipment and other large machines may be dangerous if left idle. For instance, a power plant, which produces electricity must constantly keep on running as maintaining all the machines' parts, repairing them, replacing parts, etc. is very costly and distribution automation is used to monitor the activities and provide preventive or corrective action in case there is a major power outage. A distribution automation system includes a number of machines, which are designed to handle the job of monitoring the distribution system and identify problems before they cause any damage. Some of these machines are designed for fault detection and monitoring, while some others are designed for general maintenance.
Market Dynamics
Increasing need for improved grid reliability and operating efficiency is expected to boost the global distribution automation market growth over the forecast period. Distribution automation provides numerous advantages including reduced line loos, enhanced operational efficiency, improved grid reliability, optimal energy use, and other economic benefits. As a result of this, the adoption of distribution automation in many countries has increased significantly. Recently, in February 2019, ABB collaborated with Intel for the marketing and selling of distribution automation systems and products in industrial applications.
Moreover, rising renewable energy integration is expected to accelerate growth of the global distribution automation market in the near future.
Key features of the study:
This report provides in-depth analysis of the distribution automation market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global distribution automation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include American Electric Power (AEP), Schneider Electric SA, Cooper Power Systems, General Electric Corporation, Dominion Virginia Power, Siemens AG, Électricité de France (EDF), S&C Electric Company, and Pacific Gas and Electric Company.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global distribution automation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global distribution automation market
Detailed Segmentation:
By Product Type
Monitoring and Control Devices
Power Quality and Efficiency Devices
Switching and Power Reliability Devices

By End User
Industrial
Commercial
Residential