Growing Demand For Power Distribution In Oil&Gas Drives Growth Of Distribution Automation Equipment Market
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According to MarketIntelReports' “Global Distribution Automation Equipment Industry Market Research Report”:
Browse 165 Pages an in-depth TOC on “Distribution Automation Equipment Market 2017”
Distributed automation can enable an electric utility to control and monitor its distribution network and assets. It allows smooth flow of services to the consumers by optimizing the electrical flow.
Power distribution automation provides an effective monitoring and control of services and assets. The advancement in process automation and investments in oil & gas drive the growth of the Distribution Automation Equipment Market.
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Scope & Regional Forecast of the Distribution Automation Equipment Market:
Reduced outage durations, increasing reliability, and reduction in maintenance with improved power quality power the growth of the Distribution Automation Equipment Market. But lack of standardization in communication infrastructure and technology and modernization of switchgears are factors that restrict the market.
Substation automation is expected to be the highest growing segment. Power utilities focus on reducing transmission and distribution losses, which has led to the growth of the substation.
This boosts the growth of automated control systems.
The demand for power distribution automation is high in Asia Pacific. Plans of having smart cities in India and China will propel the demand for electricity.
Growing population, changing lifestyles in developed houses will also augment the need for electricity.
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Importance of automation in the end user industries will spur the demand of advanced distribution systems. Latin America, Middle East & Africa are likely to have huge shares in the market.
Industrial application segment will dominate the market during the forecast period due to the need for installing advanced automated systems.
Residential segment is expected to have the highest growth rate due to the need for smart metering systems. Awareness among households will drive the demand of automation in electrical power distribution system.
Segmentations & Key Players Involved in the Distribution Automation Equipment Market
- Region- North America, Europe, China, Japan, Middle East & Africa, India, South America, Others.
Some of the key players involved in the Distribution Automation Equipment Market Are As Follows:
- Siemens AG
- Schneider Electric
- GE Digital Energy
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