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Distribution Automation Market to Reach Valuation of USD 16.9 Billion By 2028 – Increased Demand from The Residential, Commercial, And Industrial Sectors, as well as Increased Technology Adaptation, Drive the Market
In terms of revenue, the Global Distribution Automation Market is expected to reach USD 16.9 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.2% from 2022 to 2028.
All aspects of Distribution Automation Market are monitoring, safeguarding, managing, and maintaining the distribution network. Distribution Automation Market can display real-time operating notifications for switches, fault detectors, capacitor bank controllers, voltage regulators, and other distribution grid components. The expansion of the worldwide Distribution Automation Market is anticipated to be fuelled by improvements in the distribution system's dependability and efficiency throughout the projected period. Intelligent distribution systems that are completely flexible and controllable are connected to Distribution Automation Market. It makes it easier for a smart grid to operate effectively. Customers and utilities both value an electric distribution system's dependability. A consistent electricity supply promotes societal well-being, public safety, and economic prosperity.
Key Highlights from Report:
Market Dynamics:
Distribution Automation Market (DA) uses various technologies and protocols, such as sensors, processors, switches, and communications, to monitor and manage electric distribution systems. Using fewer resources and energy can improve the effectiveness of the distribution system. Furthermore, decreasing the frequency and length of power outages improves the distribution system's dependability. During the projection period, factors, including the steadily expanding demand for automated grid distribution procedures and the requirement for reliability improvement initiatives by international governments, are projected to have favorable effects and provide the market with significant potential opportunities. The availability of worldwide grid infrastructures and the increase in global power demand would further help the industry and increase growth potential.
The Asia Pacific is expected to hold a significant share in the market in 2021. The region that is expected to expand the fastest in Asia-Pacific. The regional environment is being shaped by the swift industrialization of nations like Australia, China, and Japan. The significant market share can be linked to increased Distribution Automation Market investment levels and the region's more complicated infrastructure, necessitating automation to efficiently manage distribution.
The Global Distribution Automation Market is Segmented as follows:
List of the Key Players of the Global Distribution Automation Market is:
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The Global Distribution Automation Market Scope can be Tabulated as below:
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
Region & Counties Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
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Distribution Automation Market to Reach Valuation of USD 16.9 Billion By 2028 – Increased Demand from The Residential, Commercial, And Industrial Sectors, as well as Increased Technology Adaptation, Drive the Market
08 Sep 2022
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Historical Data | Base Year
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Distribution Automation Market to Reach Valuation of USD 16.9 Billion By 2028 – Increased Demand from The Residential, Commercial, And Industrial Sectors, as well as Increased Technology Adaptation, Drive the Market
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