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The market for automated systems for electric power distribution was estimated at USD 14.9 billion in 2022, and it is projected to expand at a CAGR of 6.8% over the next five years.
The monitoring and secure distribution of electricity is made possible by a number of components that make up electric power distribution automation systems. A typical system is made up of a distribution substation, which receives electricity from the main station, distributor transformers, which reduce high voltage to distribution levels, as well as feeders, switches, protection devices, measuring equipment, and other elements. These elements work together to create a system that organises and screens power transfer while also ensuring its safety.
The market for electric power distribution automation systems is expanding as a result of the rising demand for electricity and the increased need for smart grids. Market expansion is further supported by the rising investments in transmission and distribution infrastructure. During the forecast period, the market development is anticipated to be supported by the increased adoption of smart cities. Other market-drivers include technological development, ageing infrastructure, a growing demand for automation and sophisticated technologies in the distribution of electric power, and a growing need to modernise current networks. In the upcoming years, it is anticipated that increasing demand from emerging economies and technology improvements would create a wide range of growth prospects.
Report Coverage
Global Electric Power Distribution Automation Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Power Distribution Automation Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Power Distribution Automation Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Power Distribution Automation Systems market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Power Distribution Automation Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Power Distribution Automation Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB Group; Eaton Corporation; Elster Solutions; G&W Electric Company; Hubbell Power Systems; and Mitsubishi Electric Corporation.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Electric Power Distribution Automation Systems market based on the below-mentioned segments:
Global Electric Power Distribution Automation Systems Market, By Component
Field Devices
Software
Services
Communication Technology
Global Electric Power Distribution Automation Systems Market, By End User
Residential
Commercial
Industrial
Others
Global Electric Power Distribution Automation Systems market, Regional Analysis
The monitoring and secure distribution of electricity is made possible by a number of components that make up electric power distribution automation systems. A typical system is made up of a distribution substation, which receives electricity from the main station, distributor transformers, which reduce high voltage to distribution levels, as well as feeders, switches, protection devices, measuring equipment, and other elements. These elements work together to create a system that organises and screens power transfer while also ensuring its safety.
The market for electric power distribution automation systems is expanding as a result of the rising demand for electricity and the increased need for smart grids. Market expansion is further supported by the rising investments in transmission and distribution infrastructure. During the forecast period, the market development is anticipated to be supported by the increased adoption of smart cities. Other market-drivers include technological development, ageing infrastructure, a growing demand for automation and sophisticated technologies in the distribution of electric power, and a growing need to modernise current networks. In the upcoming years, it is anticipated that increasing demand from emerging economies and technology improvements would create a wide range of growth prospects.
Report Coverage
Global Electric Power Distribution Automation Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Power Distribution Automation Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Power Distribution Automation Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Power Distribution Automation Systems market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ABB Group; Eaton Corporation; Elster Solutions; G&W Electric Company; Hubbell Power Systems; and Mitsubishi Electric Corporation. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electric Power Distribution Automation Systems Market from 2021 to 2030.
- Market Forecast for Electric Power Distribution Automation Systems Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electric Power Distribution Automation Systems competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electric Power Distribution Automation Systems
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Power Distribution Automation Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Power Distribution Automation Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ABB Group; Eaton Corporation; Elster Solutions; G&W Electric Company; Hubbell Power Systems; and Mitsubishi Electric Corporation.
Primary Target Market
- Market Players of Electric Power Distribution Automation Systems
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Electric Power Distribution Automation Systems market based on the below-mentioned segments:
Global Electric Power Distribution Automation Systems Market, By Component
Field Devices
Software
Services
Communication Technology
Global Electric Power Distribution Automation Systems Market, By End User
Residential
Commercial
Industrial
Others
Global Electric Power Distribution Automation Systems market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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