DUBLIN, April 28, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Electric Power Distribution Automation Systems Market Analysis By Implementation (Substation Automation, Feeder Automation, Consumer Side Automation), By Application, By Region And Segment Forecasts, 2014 - 2025" report to their offering.
The global electric power distribution automation systems market is expected to reach USD 23.7 billion by 2025. The rise in the adoption of smart grids & funding initiatives is projected to spur the demand for distribution automation systems. The growing investments in transmission & distribution are expected to remain a key driver.
The global electric power distribution automation systems market is anticipated to witness a high growth over the forecast period, owing to the replacement of aging infrastructure across the globe. The emergence of smart cities is expected to further catapult the automation products market growth over the next nine years.
Further key findings from the report suggest:
- The implementation of automation systems in substation automation is projected to exhibit a significant growth at a CAGR exceeding 6% from 2016 to 2025 as the energy and power utilities are extremely focused on minimizing distribution and transmission losses, which has resulted in the increasing deployment of substation automation.
- The industrial application segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 6%, which is accredited to the rising need of installing distribution automation systems by utilities across the globe.
- Asia Pacific emerged as the fastest-growing market and is expected to witness a healthy CAGR of over 7%. The need to replace old transmission and distribution power infrastructure is driving the demand for electricity utilities across Asia Pacific to strengthen its power infrastructure.
- The key purveyors in this industry comprise ABB Ltd., Eaton Corporation, General Electric, Itron, Inc., Schneider Electric, and Siemens AG, among others.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
2.1 Electric Power Distribution Automation Systems Regional Marketplace: Key Takeaways
3 Electric Power Distribution Automation Systems: Market Variables, Trends & Scope
3.1 Market Trends & Outlook
3.2 Electric Power Distribution Automation Systems - Market Segmentation & Scope
3.2.1 Market definitions
3.3 Electric Power Distribution Automation Systems - Market Size and Growth Prospects
3.4 Electric Power Distribution Automation Systems - Value Chain Analysis
3.5 Electric Power Distribution Automation Systems - Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Aging distribution infrastructure
3.5.1.2 Rise in the adoption of smart grids and funding initiatives
3.5.1.3 Emergence of smart cities to benefit substation automation
3.5.1.4 Growing investments in transmission & distribution infrastructure
3.5.2 Market restraint/challenge analysis
3.5.2.1 Rising security concerns
3.5.2.2 Lack of global standards
3.6 Electric Power Distribution Automation Systems - Penetration & Growth Prospect Mapping
3.7 Electric Power Distribution Automation Systems - Industry Analysis - Porter's
3.8 Electric Power Distribution Automation Systems - Company Market Share Analysis, 2015
3.9 Electric Power Distribution Automation Systems - PESTEL Analysis
4 Electric Power Distribution Automation Systems: Implementation Estimates & Trend Analysis
4.1 Global Electric Power Distribution Automation Systems Share by Implementation, 2015 & 2025
4.1.1 Substation automation
4.1.2 Feeder automation
4.1.3 Consumer side automation
5 Electric Power Distribution Automation Systems: Application Estimates & Trend Analysis
5.1 Global Electric Power Distribution Automation Systems Share by Application, 2015 & 2025
5.1.1 Industrial
5.1.2 Commercial
5.1.3 Residential
6 Electric Power Distribution Automation Systems: Regional Estimates & Trend Analysis
7 Competitive Landscape
- ABB Group
- Eaton Corporation Plc
- Elster Solutions
- G&W Electric Company
- General Electric
- Hubbell Power Systems
- Itron, Inc.
- Mitsubishi Electric Corp.
- S&C Electric Company
- Schneider Electric
- Siemens AG
- Schweitzer Engineering Laboratories, Inc. (SEL)
For more information about this report visit http://www.researchandmarkets.com/research/nlfr88/electric_power
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