Increased Electricity Demands boost Global Electric Power Distribution Automation Systems Market Growth

Increased Electricity Demands boost Global Electric Power Distribution Automation Systems Market Growth

“Electric Power Distribution Automation Systems Market”
According to a new market research report launched by Inkwood Research, the Global Electric Power Distribution Automation Systems Market is set to garner $45525.97 million by 2030, recording a 6.59% CAGR during the forecast period of 2022 to 2030.

Browse 35 Market Data Tables and 39 Figures spread over 197 Pages, along with an in-depth analysis of the Global Electric Power Distribution Automation Systems Market byImplementation, End-User, & by Geography.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Electric Power Distribution Automation Systems Market Scenario

Electric power distribution automation systems entail several hardware and software devices. A utility can automate, optimize, analyze, and collect data to improve the operational efficiency of electric supply. Hardware devices include communication network devices, sensors, processors, and switches. These devices ensure accurate maintenance, control, protection, and supply network monitoring.

The growing electricity demand and increasing grid infrastructure are set to offer growth opportunities for the global electric power distribution automation systems market. Accordingly, the need for supply network protection, instant fault detection, and energy efficiency contribute to market demands. Additionally, the rising demand from the industrial, commercial, and residential sectors and the increased distributed energy generation in emerging economies boost market prospects.

Further, the increasing adoption of smart cities and the high demand for smart grids impact market growth. Besides, the rising demand for cost-effective and efficient solutions propel growth opportunities. However, the global electric power distribution automation systems market growth is restrained by security concerns and a lack of global standards.

The Global Electric Power Distribution Automation Systems Market report provides data tables and includes charts and graphs for visual analysis.

 

Request Free Sample Report for Global Electric Power Distribution Automation Systems Market by Implementation, End-User, & by Geography: https://inkwoodresearch.com/reports/electric-power-distribution-automation-systems-market/#request-free-sample

 

Market Segmentation

Market by End-User

  • Commercial
  • Industrial
  • Residential

Market by Implementation

  • Feeder Automation
  • Substation Automation
  • Consumer Automation

 

Report Highlights

– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2030, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2030

 

Companies Profiled

  • GENERAL ELECTRIC COMPANY
  • SIEMENS AG
  • ITRON INC
  • ABB LTD
  • EATON CORPORATION PLC
  • HONEYWELL INTERNATIONAL INC
  • ORACLE CORPORATION
  • HUBBELL POWER SYSTEMS
  • SCHWEITZER ENGINEERING LABORATORIES INC
  • MITSUBISHI ELECTRIC CORPORATION
  • HITACHI LTD
  • SCHNEIDER ELECTRIC SE
  • S&C ELECTRIC COMPANY
  • G&W ELECTRIC COMPANY

 

Related Reports

GLOBAL SUBSTATION AUTOMATION MARKET – The global substation automation market is set to register a CAGR of 6.11% during the forecast period, 2019-2027.

GLOBAL SMART GRID DATA ANALYTICS MARKET – The global smart grid data analytics market is projected to record a CAGR of 10.46% during the forecast period, 2021-2028.

GLOBAL SMART GRID MARKET – The global smart grid market is expected to project a CAGR of 9.83% during the forecast period, 2021-2028.

 

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