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Distribution Automation Market

The global distribution automation market was valued at USD 10.76 billion in 2017 and is projected to grow at a CAGR of 7.29% during the forecast period, to reach USD 16.81 billion by 2023. Increasing demand for energy efficiency and increasing renewable power generation are the key factors driving the distribution automation market. Also, the increasing distributed energy generation in developing countries such as India can create opportunities for the market.

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Distribution Automation Market

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  1. Distribution Automation Market by Component, Software & Services, Communication Technology, Type of Utility, and Region - Global Forecast to 2023 www.MarketsandMarkets.com

  2. Field Device: The largest segment, by component, during the forecast period The field device segment is expected to hold the major share of the distribution automation market during the forecast period. Growing investments in refurbishing the ageing infrastructure and government initiatives to promote the use of energy-efficient power generation resources are the major factors driving the distribution automation market in the European region. The European market players, such as ABB, Schneider Electric, and Eaton are involved in the manufacturing of field devices. These factors have resulted in the highest market share of the field device segment in the distribution automation market. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=65029172

  3. The public utility segment accounts for the largest share of the distribution automation market, by type of utility, during the forecast period The public utility segment is expected to be the largest market for distribution automation, by type of utility, from 2018 to 2023. The factors driving the market for distribution automation in the public utility include significant efforts made by the government to extend the services of public utilities. The grants offered by the government will help in modernizing the grid, which in turn will boost the market for distribution automation. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=65029172

  4. Browse >> 68market data tables 29figures 134 pagesand in-depth TOC on “Distribution Automation Market by Component, Software & Services, Communication Technology, Type of Utility, and Region - Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Asia Pacific: The fastest-growing market for distribution automation In this report, the distribution automation market has been analyzed on the basis of five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa.Thedistribution automation market in Asia Pacific is driven by countries such as China, India, Japan, and Australia. Rapid industrialization in India, China, and Australia is expected to drive the implementation of distribution automation systems. These countries are increasing renewable power generation to meet their growing energy demand. According to the Renewable Energy Policy Network (REN21), China accounted for 45% of the total global investment for renewable power generation in 2017. Increasing investments in renewable power would drive the market for distribution automation in Asia Pacific. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=65029172

  6. Target Audience: • The target audience of this report includes: • Consultants and advisory firms • Distribution automation solution providers • Electric Utilities • Electrical equipment associations • Government agencies • Network and communication service providers • Support and maintenance service providers • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=65029172

  7. Key players - • Siemens (Germany), • ABB (Switzerland), • GE (US), Schneider Electric (France), • Eaton (Ireland), • Cisco (US), • Xylem (Sensus) (US), • ABB (Switzerland), • Siemens (Germany). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=65029172

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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