Distribution Automation Market
Distribution Automation Market Size And Forecast
Distribution Automation Market was valued at USD 11.2 Billion in 2018 and is projected to reach USD 19.3 Billion by 2026, growing at a CAGR of 7.0% from 2019 to 2026.
Global Distribution Automation Market Outlook
Increasing renewable power generation and upgrade of ageing distribution infrastructure are the key factors expected to fuel the growth of the global distribution automation market. Moreover, the need for energy efficiency, protection, and immediate fault detection in the power distribution network is also contributing to the growth of the global market. The high initial installation cost and vulnerability to cyberattacks are some key factors that might hamper the market growth. Furthermore, increasing distributed energy generation in developing countries such as India can create the opportunities for the distribution automation market.
Global Distribution Automation Market Competitive Landscape
The Global Distribution Automation Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Schneider Electric, Schweitzer Engineering Laboratories, S&C Electric, Cisco, ABB, Landis+Gyr, General Electric Company, G&W Electric, Power System Engineering, and Xylem (Sensus).
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