What is Electric Power Distribution Automation Systems Market Scope?
Electric power distribution automation systems are an important part of the electric power systems in the delivery of electricity to consumers. Automation in the distribution field is used to improve efficiency, reliability, and quality of electric service. It includes sensors, processors, information and communication networks, and switches. With distribution automation, a utility can collect, automate, analyze, and optimize data to improve the operational efficiency of its distribution power system.
The Electric Power Distribution Automation Systems market study is being classified by Type (Radial, Loop and Network), by Application (Monitoring Power Distribution Grids, Controlling Power Distribution Grids, Managing Power Distribution Grids, Voltage Regulators, Capacitor Bank Controllers and Others) and major geographies with country level break-up.
Global Electric Power Distribution Automation Systems is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Systems and Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Itron (United States), Siemens (Germany), Eaton Corporation (Ireland), Synergy Systems & Solutions (India), TechNavio (United Kingdom), GE Grid Solutions (France), Xylem (United States), ABB Automation Company (Switzerland), General Electric (United States), Hubbell (United States) and Toshiba (Japan) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Electric Power Distribution Automation Systems market by Type, Application and Region.
On the basis of geography, the market of Electric Power Distribution Automation Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 28th April 2021, Siemens has acquired Time Series. The transaction helps digital transformation by increasing the adoption of low-code and offering innovative applications includes smart warehousing, predictive maintenance, energy management, remote inspections, and others.
Influencing Market Trend
- Rising Adoption of Smart Technologies
Market Drivers
- Increasing Applications of Electric Power Distribution Automation Systems by various End-Users to meet the Customers Demand for Energy
- Rapid Growth in Emerging Economies
Opportunities
- Surging Applications of Power Utilities can create Opportunities for the Electric Power Distribution Automation Systems Market Growth
Restraints
- High Required Cost Associated with the Implementation of Electric Power Distribution Automation Systems
Challenges
- Stringent Regulatory Guidelines on the Implementation of the Electric Power Distribution Automation Systems
Key Target Audience
Electric Power Distribution Automation Systems Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
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