Dublin, April 26, 2019 (GLOBE NEWSWIRE) -- The "Global Distribution Automation Market By Component (Field Device, Software & Services and Communication Technology), By Utility (Public Utility & Private Utility), By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The global distribution automation market stood at $11.76 billion in 2018 and is projected to grow at a CAGR of over 7% during 2019-2024 to reach $17.94 billion by 2024, owing to increasing renewable power generation across the globe.
Need for energy efficiency, immediate fault detection and protection in power distribution network is further expected to aid the market growth. The increasing demand from the commercial sector, which includes hotels, hospitals, data centers and offices is anticipated to bolster the global distribution automation market. Moreover, government mandates to enhance grid efficiency is boosting the adoption of distribution automation technology across the utility and energy sectors.
In terms of component, the global distribution automation market has been categorized into field device, software & services and communication technology. Of these components, the field device category is expected to hold a significant portion of the global market for distribution automation during the forecast period. Field devices are an integral part of the distribution network and help to mitigate the losses occurring from power outages and voltage fluctuations. The increasing deployment of field devices in distribution automation would aid the field devices segment.
Regionally, the European market plays a vital role in generating revenues for the global distribution automation market, with countries like France, Germany and the UK being the key markets in the region. The market for distribution automation in the European region is growing, on the back of increasing investments in distribution automation and growing complexity in the region's power distribution infrastructure. The Asia-Pacific distribution automation market is anticipated to register steady growth during the forecast period, owing to rapid industrialization in China, Australia and India.
In order to address the increasing customer demand, major vendors in the market for distribution automation aim at introducing technologically advanced solutions and systems. This would help vendors in differentiating themselves from their counterparts and sustaining competition. Moreover, strategic partnerships & collaborations and investments in R&D activities are some of the other major strategies adopted by the major market players to enhance their existing product portfolio and expand their market footprints.
Some of the leading players in the global distribution automation market are Schneider Electric SE, General Electric Company, Schweitzer Engineering Laboratories Inc., ABB Ltd., etc.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study
- To analyze and forecast the global distribution automation market size.
- To forecast the global distribution automation market based on component, utility and regional distribution
- To identify drivers and challenges for the global distribution automation market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in the global distribution automation market
- To conduct the pricing analysis for the global distribution automation market
- To identify and analyze the profile of leading players operating in the global distribution automation market
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Brand Recall
4.3. Brand Satisfaction
4.4. Factors Influencing Purchase Decision
4.5. Challenges/Issues Faced Post Purchase
4.6. Unmet Needs
5. Global Distribution Automation Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Field Device - Voltage Regulator, Smart Sensor, Smart Meter, Smart Recloser, Smart Relay, Others; Software & Services; Communication Technology - Wireless Technology, Wired Technology)
5.2.2. By Utility (Public Utility; Private Utility)
5.2.3. By Company
5.2.4. By Region
5.3. Market Attractiveness Index
6. Europe Distribution Automation Market Outlook
7. North America Distribution Automation Market Outlook
8. Asia-Pacific Distribution Automation Market Outlook
9. South America Distribution Automation Market Outlook
10. Middle East & Africa Distribution Automation Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles
13.2.1. Basic Details
13.2.2. Financials (As reported)
13.2.3. Supply Chain Analysis
13.2.4. Key Market Focus and Geographical Presence
13.2.5. Planned Investments
13.2.6. Pricing of Target Products
13.2.7. Market positioning
13.3. Global Players Profiled (Leading Companies)
15.3.1 ABB Ltd.
15.3.2 Siemens AG
15.3.3 General Electric Company
15.3.4 Eaton Corporation plc
15.3.5 Schneider Electric SE
15.3.6 Cisco Systems, Inc.
15.3.7 Landis+Gyr
15.3.8 G&W Electric Company
15.3.9 Schweitzer Engineering Laboratories, Inc.
15.3.10 Power System Engineering, Inc.
(Note: The companies list can be customized based on the client requirements)
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/m8nqsx