Global Electric Power Distribution Automation Systems Market 2022-2028: Rise in the Demand for Energy Efficiency & Fault Detection Driving Market – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Electric Power Distribution Automation Systems Market 2022-2028” report has been added to ResearchAndMarkets.com’s offering.

The publisher’s report insinuates the global electric power distribution automation systems market to progress with a CAGR of 7.05% in the projected duration from 2022 to 2028.

The enhanced demand for energy efficiency & fault detection is primarily driving the growth of this market. The growing requirement of electricity at commercial sites and the high dependability of distribution automation systems are also adding to the electric power distribution automation systems market’s growth.

However, security concerns, the privation of global standards, and the lack of tools being used for operational planning are hampering this growth. On the positive side, the increasing investment in research & development activities and increased investments in smart grids present lucrative opportunities for market development.

The global market for electric power distribution automation systems covers Latin America, the Asia-Pacific, Europe, North America, and the Middle East and Africa.

The market in the Asia-Pacific is expected to observe the fastest growth in the coming years. In this region, Southeast Asia is one of the fastest-growing markets in the world in terms of electricity demand. This can be attributed to the increasing usage of power-consuming devices such as various household appliances. Thus, the governments across the region are working to meet the high electricity demand.

One such example of cross-border power trade in SE Asia is the Lao PDR-Thailand-Malaysia power integration project. Further, work is already underway to extend this project to include Singapore. Such developments are integrating the growing demand for electricity, distributing it with the help of DAS.

Key Topics Covered:

1. Global Electric Power Distribution Automation Systems Market – Summary

2. Industry Outlook

2.1. Impact of Covid-19 on the Electric Power Distribution Automation Systems Market

2.2. Evolution & Transition of Electric Power Distribution Automation Systems

2.3. Key Insights

2.3.1. Rising Investments in Smart Cities by Governing Agencies of Numerous Countries

2.3.2. Surging Demand for Smart Grids

2.4. Porter’s Five Forces Analysis

2.5. Key Impact Analysis

2.5.1. Superior Technology

2.5.2. Application

2.5.3. Efficiency

2.5.4. Reliability

2.6. Market Attractiveness Index

2.7. Vendor Scorecard

2.8. Industry Components

2.9. Regulatory Framework

2.10. Key Market Strategies

2.10.1. Acquisitions

2.10.2. Product Launches

2.10.3. Partnerships

2.11. Market Drivers

2.11.1. Increasing Requirement of Electricity at Commercial Places

2.11.2. High Reliability of Distribution Automation Systems

2.11.3. Rise in the Demand for Energy Efficiency & Fault Detection

2.11.4. Aging Power Infrastructure

2.12. Market Challenges

2.12.1. Privation of Global Standards

2.12.2. Security Concerns

2.12.3. Lack of Use of Tools for Operational Planning

2.13. Market Opportunities

2.13.1. Increasing Investment in R&D Activities to Introduce Innovative Technologies

2.13.2. Rise in Investment for Smart Grids

3. Global Electric Power Distribution Automation Systems Market Outlook – by Implementation

3.1. Substation Automation

3.2. Feeder Automation

3.3. Consumer Automation

4. Global Electric Power Distribution Automation Systems Market Outlook – by End-User

4.1. Industrial

4.2. Commercial

4.3. Residential

5. Global Electric Power Distribution Automation Systems Market – Regional Outlook

Companies Mentioned

• ABB Ltd
• Eaton Corporation plc
• Siemens AG
• G&W Electric Company
• General Electric Company
• Itron Inc
• Mitsubishi Electric Corporation
• Schweitzer Engineering Laboratories Inc
• Honeywell International Inc
• S&C Electric Company
• Hitachi Ltd
• Schneider Electric
• Oracle Corporation
• Hubbell Power Systems

For more information about this report visit https://www.researchandmarkets.com/r/exbhut

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