North America Electric Power Distribution Automation Systems Market Forecast 2022-2030
KEY FINDINGS
The North America electric power distribution automation systems market is estimated to register a 5.89% CAGR across the forecasting period of 2022 to 2030. The regional market’s growth is reinforced by the increasing energy consumption across the commercial and residential sectors, in addition to the rising production demand in terms of the formation of turbines as well as wind energy.
MARKET INSIGHTS
The North America electric power distribution automation systems market growth analysis entails the assessment of Canada and the United States. Canada’s electric industry comprises establishments engaged in the distribution of electric power to individual users or consumers. However, the country faces tremendous costs for upgrading and expanding its electric transmission and distribution system. Although the need for integrating more renewable power into the grid, establishing a smarter grid, and exporting increased power offers the rationale for action, the capital will likely lag behind.
On the other hand, Ontario has engaged in a billion-dollar program for the installation of smart meters for 4.5 million electricity customers in the province. Distributors, often representing the link between customers and the utility, are at the front line of this development. Also, Powerstream, a municipally-owned Ontario-based distribution company, is responsible for over 300,000 customers in the Greater Toronto Area. Likewise, Hydro-Québec is one of the leaders in smart grids. Over recent years, it has been involved in the automation of substations as well as high-voltage transmission. Hence, these factors are set to influence the North America electric power distribution automation systems market growth.
COMPETITIVE INSIGHTS
The top companies operating in the market include General Electric Company, ABB Ltd, Siemens AG, 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 North America 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
- 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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