Global Digitalization of Power Distribution Market Growth (Status and Outlook) 2023-2029

Global Digitalization of Power Distribution Market Growth (Status and Outlook) 2023-2029

Digitalization of Power Distribution means that electrical systems can be upgraded using smart equipment and energy and distribution management software to improve energy efficiency and reduce risk. In the digital trend, more and more industries have realized the benefit improvement of production, operation and management through the Internet of Things, and the key equipment of power distribution system, such as circuit breakers and transformers, supports the Internet of Things.
LPI (LP Information)' newest research report, the “Digitalization of Power Distribution Industry Forecast” looks at past sales and reviews total world Digitalization of Power Distribution sales in 2022, providing a comprehensive analysis by region and market sector of projected Digitalization of Power Distribution sales for 2023 through 2029. With Digitalization of Power Distribution sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Digitalization of Power Distribution industry.
This Insight Report provides a comprehensive analysis of the global Digitalization of Power Distribution landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Digitalization of Power Distribution portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Digitalization of Power Distribution market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digitalization of Power Distribution and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Digitalization of Power Distribution.
The global Digitalization of Power Distribution market size is projected to grow from US$ 29300 million in 2022 to US$ 67470 million in 2029; it is expected to grow at a CAGR of 12.7% from 2023 to 2029.
The key players of Global Digitalization of Power Distribution include HITACHI ABB POWER GRIDS, Schneider, Siemens, etc. These top three companies hold a market share about 60%. Europe is the major producing region in the world. In terms of application, the product is most widely used in industrial equipment, followed by the data center.
This report presents a comprehensive overview, market shares, and growth opportunities of Digitalization of Power Distribution market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Equipment
Software
Segmentation by application
Industrial Equipment
Building & Construction
Data Center
Rail
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
HITACHI ABB POWER GRIDS
Schneider
Siemens
Legrand
CHINT
Shanghai Liangxin Electrical
Changshu swItchgear mfg.
Suzhou Wanlong Electric
Xiamen Minghan Electric

Please note: The report will take approximately 2 business days to prepare and deliver.