Distribution feeder automation is principally focused on remote monitoring and control of the distribution systems and equipment, it includes various devices and software. Rising electricity prices and high consumption of electricity coupled with the integration of renewable energy sources are the key factors driving the growth of the distribution feeder automation market. Moreover, increasing energy demand and growing investment in automation to make feeder distribution more efficient, intelligent, and cost-effective. This factor is also triggering the growth of the distribution feeder automation market.
MARKET DYNAMICS
The necessity to achieve uninterrupted & faultless power supply, and need to enhance the power distribution network along with the need for improved reliability & efficiency in power distribution are the primary driver for the growth of the distribution feeder automation market. However, delays in the implementation of the distribution feeder automation system due to high costs and high standards are the key hindering factor for the growth of the distribution feeder automation market. Further, the growing implementation of a smart grid across the growth offers a lucrative opportunity for the market player of the distribution feeder automation market.
MARKET SCOPE
The "Global Distribution Feeder Automation Market Analysis to 2028"? is a specialized and in-depth study of the distribution feeder automation industry with a special focus on the global market trend analysis. The report aims to provide an overview distribution feeder automation market with detailed market segmentation as component, application, and geography. The global distribution feeder automation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading distribution feeder automation market players and offers key trends and opportunities in the distribution feeder automation market.
MARKET SEGMENTATION
The global distribution feeder automation market is segmented on the basis of component, application. On the basis of component the market is segmented as hardware, software, services. On the basis of application the market is segmented as industrial, commercial, residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global distribution feeder automation market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The distribution feeder automation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting distribution feeder automation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the distribution feeder automation market in these regions.
MARKET PLAYERS
The reports cover key developments in the distribution feeder automation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Distribution feeder automation market are anticipated to lucrative growth opportunities in the future with the rising demand for distribution feeder automation in the global market. Below mentioned is the list of few companies engaged in the distribution feeder automation market.
The report also includes the profiles of key distribution feeder automation companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Advanced Control Systems Inc.
- Eaton Corporation plc
- G&W Electric
- General Electric Company
- Hitachi ABB Power Grids
- Moxa Inc.
- Schneider Electric
- Schweitzer Engineering Laboratories, Inc.
- Siemens AG
- Trilliant Holdings Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.