Global Distribution Automation Solutions Market 2020-2024

Global Distribution Automation Solutions Market 2020-2024

The publisher has been monitoring the distribution automation solutions market and it is poised to grow by $ 6.86 bn during 2020-2024 progressing at a CAGR of 8% during the forecast period. The reports on distribution automation solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing number of smart grid projects, increasing need for real-time power distribution analysis in utility grids and aging power infrastructure and increasing power outage. In addition, increasing number of smart grid projects is anticipated to boost the growth of the market as well.

The distribution automation solutions market analysis includes solution segment, deployment segment and geographical landscapes

The distribution automation solutions market is segmented as below:

By Solution

• Field devices
• Communication systems
• Software and services
• By Deployment
• System-level
• Customer-level

By Geographical Landscapes

• APAC
• North America
• Europe
• South America
• MEA

This study identifies the rising number of microgrid networks as one of the prime reasons driving the distribution automation solutions market growth during the next few years. Also, increasing role of data analytics and shift from local control to model-based Volt/VAR optimization will lead to sizable demand in the market.

The distribution automation solutions market covers the following areas:

• Distribution automation solutions market sizing
• Distribution automation solutions market forecast
• Distribution automation solutions market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading distribution automation solutions market vendors that include ABB Ltd., CG Power and Industrial Solutions Ltd., Cisco Systems Inc., Eaton Corporation Plc, Emerson Electric Co., General Electric Co., Hitachi Ltd., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., and Siemens AG. Also, the distribution automation solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.