Global Electric Power Distribution Automation Systems Market Forecast 2022-2030
KEY FINDINGS
The global electric power distribution automation systems market is predicted to grow with a CAGR of 6.59% over the forecast years of 2022 to 2030. The market’s growth is primarily facilitated by the high reliability of distribution automation systems, the increasing requirement for electricity in commercial places, the aging power infrastructure, and the growth in demand for energy efficiency & fault detection.
MARKET INSIGHTS
Electric power distribution systems are vital components of electrical power networks supplying electricity to users. Likewise, automation in distribution systems enables utilities to develop flexible distribution system control, utilized to enhance efficiency, reliability, as well as service quality.
The rise in demand for energy efficiency is a key factor attributable to the growth of electric power distribution automation systems. The automation systems eradicate the exposure of electric equipment’s manual handling, consequently reducing the loss of energy in the process. Furthermore, the growing use of renewable energy necessitates higher maintenance and increased costs for the present technology usage. As a result, energy efficiency is crucial. In this regard, real-time monitoring of power usage across the distribution feeder offers data that enables end-users to track energy consumption patterns, assign usage, and allocate accountability to first-line supervisors as well as daily operating personnel, thus minimizing overall costs.
REGIONAL INSIGHTS
The global electric power distribution automation systems market growth analysis comprises the assessment of Europe, North America, Asia-Pacific, and Rest of World. The Asia-Pacific is set to grow with the highest CAGR of 8.34% during the forecasted years. The regional market’s growth is accredited to the rise in electricity demand across developing nations, rapid urbanization in India and China, and economic advancement in rural areas.
COMPETITIVE INSIGHTS
The industry rivalry is very high in the global electric power distribution automation systems market. The market is characterized by intense competition, with several well-established players dominating the industry.
Some of the top players operating in the market are ABB LTD, Siemens AG, Eaton Corporation PLC, General Electric Company, etc.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. High Reliability Of Distribution Automation Systems
- 3.1.2. Rise In Demand For Energy Efficiency & Fault Detection
- 3.1.3. Ageing Power Infrastructure
- 3.1.4. Increasing Requirement For Electricity In Commercial Places
- 3.2. Key Restraints
- 3.2.1. Lack Of Use Of Tools For Operational Planning
- 3.2.2. Privation Of Global Standards
- 3.2.3. Security Concerns
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Electric Power Distribution Automation Systems Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Value Chain Analysis
- 4.7. Key Buying Criteria
- 4.7.1. Superior Technology
- 4.7.2. Application
- 4.7.3. Efficiency
- 4.7.4. Reliability
- 4.8. Regulatory Framework
- 5. Market By Implementation
- 5.1. Substation Automation
- 5.2. Feeder Automation
- 5.3. Consumer Automation
- 6. Market By End-user
- 6.1. Industrial
- 6.2. Commercial
- 6.3. Residential
- 7. Geographical Analysis
- 7.1. North America
- 7.1.1. Market Size & Estimates
- 7.1.2. Key Growth Enablers
- 7.1.3. Key Challenges
- 7.1.4. Key Players
- 7.1.5. Country Analysis
- 7.1.5.1. United States
- 7.1.5.2. Canada
- 7.2. Europe
- 7.2.1. Market Size & Estimates
- 7.2.2. Key Growth Enablers
- 7.2.3. Key Challenges
- 7.2.4. Key Players
- 7.2.5. Country Analysis
- 7.2.5.1. United Kingdom
- 7.2.5.2. Germany
- 7.2.5.3. France
- 7.2.5.4. Spain
- 7.2.5.5. Italy
- 7.2.5.6. Rest Of Europe
- 7.3. Asia-pacific
- 7.3.1. Market Size & Estimates
- 7.3.2. Key Growth Enablers
- 7.3.3. Key Challenges
- 7.3.4. Key Players
- 7.3.5. Country Analysis
- 7.3.5.1. China
- 7.3.5.2. India
- 7.3.5.3. South Korea
- 7.3.5.4. Japan
- 7.3.5.5. Australia
- 7.3.5.6. Indonesia
- 7.3.5.7. Singapore
- 7.3.5.8. Rest Of Asia-pacific
- 7.4. Rest Of World
- 7.4.1. Market Size & Estimates
- 7.4.2. Key Growth Enablers
- 7.4.3. Key Challenges
- 7.4.4. Key Players
- 7.4.5. Regional Analysis
- 7.4.5.1. Latin America
- 7.4.5.2. Middle East & Africa
- 8. Competitive Landscape
- 8.1. Key Strategic Developments
- 8.1.1. Mergers & Acquisitions
- 8.1.2. Product Launches & Developments
- 8.1.3. Partnerships & Agreements
- 8.2. Company Profiles
- 8.2.1. Abb Ltd
- 8.2.2. Eaton Corporation Plc
- 8.2.3. G&W Electric Company
- 8.2.4. General Electric Company
- 8.2.5. Hitachi Ltd
- 8.2.6. Honeywell International Inc
- 8.2.7. Hubbell Power Systems
- 8.2.8. Itron Inc
- 8.2.9. Mitsubishi Electric Corporation
- 8.2.10. Oracle Corporation
- 8.2.11. S&C Electric Company
- 8.2.12. Schneider Electric Se
- 8.2.13. Schweitzer Engineering Laboratories Inc
- 8.2.14. Siemens Ag
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