Global Distribution Automation Market by Component, Type of Utility and Region: Forecast to 2023 – ABB, Siemens, Schneider Electric, GE, and Eaton are Dominating – ResearchAndMarkets.com

The “Distribution
Automation Market by Component, Type of Utility and Region – Global
Forecast to 2023” report has been added to ResearchAndMarkets.com’s
offering.

The distribution automation market is projected to reach USD 16.81
billion by 2023, from an estimated USD 11.82 billion in 2018, at a CAGR
of 7.29% during the forecast period.

The increasing renewable power generation has boosted the demand for
distribution automation. Also, the need for energy efficiency,
protection, and immediate fault detection in the power distribution
network would further aid the growth of this market. However, the high
initial cost of distribution automation system would act as a restraint
for the distribution automation market.

The field device segment is expected to be the fastest-growing
distribution automation market, by component, from 2018 to 2023. The
increasing deployment of field devices in distribution automation will
drive the field device segment. Increasing investments in field devices,
particularly in Asian countries such as China, India, Japan, and South
Korea, will result in the higher market share of field device segment in
distribution automation market.

Europe is expected to be the largest market for distribution automation
in 2018, followed by North America and Asia Pacific. Germany, UK, and
France are expected to hold a significant share of the distribution
automation market in the region because of increasing investments in
smart grid projects.

The distribution automation market is growing at a rapid pace in
countries such as Spain, Italy, and Denmark because of increasing smart
grid investments with strong in-built T&D assets. These factors are
expected to boost the growth of the distribution automation market in
Europe.

The leading players in the distribution automation market are ABB
(Switzerland), Siemens (Germany), Schneider Electric (France), GE (US),
and Eaton (Ireland).

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Distribution Automation Market, By Component

7 Distribution Automation Market, By Type of Utility

8 Distribution Automation, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/hrxz4z/global?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005521/en/

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