Distribution Automation Market Competitive Scenario 2018
to 2023
The report "Distribution Automation Market by Component (Field Device (Smart Meters,
Voltage Regulators, and Smart Sensors), Software & Services, Communication Technology
(Wired, and Wireless)), Type of Utility (Public, Private), and Region - Global Forecast to
2023" The distribution automation market is expected to grow from an estimated market size of
USD 11.82 billion in 2018 to USD 16.81 billion by 2023, at a CAGR of 7.29% from 2018 to 2023.
The global market is set to witness significant growth because of the increasing renewable power
generation and need for energy efficiency. Advancements in IoT and communication
technologies present a significant opportunity for the distribution automation market.
Browse 68 market data Tables and 29 Figures spread through 134 Pages and in-depth TOC
on "Distribution Automation Market by Component (Field Device (Smart Meters, Voltage
Regulators, and Smart Sensors), Software & Services, Communication Technology (Wired,
and Wireless)), Type of Utility (Public, Private), and Region - Global Forecast to 2023"
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65029172.html
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Field Device: The largest segment, by component, during the forecast period
The field device segment is expected to hold the major share of the distribution automation
market during the forecast period. Growing investments in refurbishing the ageing infrastructure
and government initiatives to promote the use of energy-efficient power generation resources
are the major factors driving the distribution automation market in the European region. The
European market players, such as ABB, Schneider Electric, and Eaton are involved in the
manufacturing of field devices. These factors have resulted in the highest market share of the
field device segment in the distribution automation market.
The public utility segment accounts for the largest share of the distribution automation
market, by type of utility, during the forecast period
The public utility segment is expected to be the largest market for distribution automation, by
type of utility, from 2018 to 2023. The factors driving the market for distribution automation in
the public utility include significant efforts made by the government to extend the services of