Distribution Feeder Automation System Market 2022 Analysis with New Technological Innovations and Future Trends from amar nikade's blog
Market Highlights
Distribution Feeder Automation Systems Market size is projected to reach USD 5.21 Billion by 2025, with 7.01% CAGR between 2019 and 2025.
Distribution feeder automation systems integrate automation in distribution feeder systems which enhances the functioning of such systems used by utilities. The distribution feeder automation systems provide real-time data for continuous monitoring, which allows operators to enhance service quality and reduce downtimes.
Global Distribution Feeder Automation Systems Market, 2019–2025
In 2018, North America dominated the global distribution feeder automation systems market in terms of share: MRFR
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The global market is segmented as Asia-Pacific, Middle East & Africa, Europe, North America, and South America. North America is poised to hold the largest market share in the global distribution feeder automation systems market during the forecast period. Automation integration in North America is growing at a tremendous pace, as it increases the reliability and performance of the utility. Further, the increasing installations of renewable energy sources for power generation is also expected to drive the installation of distribution feeder automation systems during the forecast period. The US market held the largest market share in North America in 2018 and is poised to witness the highest CAGR during the forecast period primarily due to the increasing adoption of automation systems in the country.
In Europe, the UK is expected to grow with the fastest rate during the forecast period due to increasing adoption of automation systems in the country. Further, Russia held the largest market share of the market in 2018, due to the extensive network of utility in the country and the increasing adoption of renewable energy sources. In Asia-Pacific, China held the largest market share in 2018 due to the increasing demand for electricity. While, India is expected to grow at the fastest rate during the forecast period due to the increasing industrialization in the country, leading to the higher adoption of automation systems. In the Middle East & Africa, Saudi Arabia held the largest market share in 2018 and is expected to grow with the highest growth rate during the forecast period primarily due to the increasing adoption of renewable energy sources, which increase the demand for automation in utilities. In South America, Brazil held the largest market share in 2018 due to the extensive network of utilities in the country. However, Argentina is expected to grow at the fastest rate in the region during the forecast period primarily due to the growing integration of automation in the utility sector in the country.
The global market for distribution feeder automation systems has been segmented based on product and application. By product, the global market includes hardware, software, and services. The software segment is expected to hold a larger share and grow at the fastest rate during the forecast period. By application, the global market is segmented into residential, commercial, and industrial. The industrial segment is expected to grow with the highest CAGR during the forecast period as industrialization is growing at a tremendous rate, primarily in developing countries.
The Global Market for Distribution Feeder Automation Systems is expected to grow at 7.01% CAGR during the forecast period.
Drivers
Scope of the Report
This report provides an in-depth analysis of the global distribution feeder automation systems market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global distribution feeder automation systems market by product, application, and region.
- Product
- Hardware
- Software
- Services
- Application
- Residential
- Commercial
- Industrial
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
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Key Players
The Key Players operating in the Global Distribution Feeder Automation Systems Market are G&W Electric (US), ABB (Switzerland), Cisco (US), Schneider Electric (France), General Electric (US), Schweitzer Engineering Laboratories Inc (US), Crompton Greaves Ltd (India), Advanced Control Systems Inc (US), Moxa Inc (Taiwan), Eaton (Ireland), and Siemens (Germany),.
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