The global Distribution Automation Equipment Market was
worth USD 9,986.3 million in 2012 and is expected to reach USD
17,677.2 million by 2019, growing at a CAGR of 8.5% from 2013 to
2019. Europe was the largest market for distribution automation in
2012. The growth in this region would be driven increased investment in
distribution automation equipment by richest European countries like
UK, France, Italy and Germany. Further, according to
Greentechgrid's survey Europe invested USD 6.84 billion in
smart meters starting from 2001 to 2012.
Browse Global Distribution
Automation Market Report with Full TOC at http://www.transparencymarketresearch.com/distribution-automation-market.html
The distribution automation market is driven by various factors
such as reduced outage durations, increased reliability and efficiency of
distribution system and cost and maintenance reduction with improved power
quality. However, lack of standardization in communication infrastructure and
technology and modernization of existing switchgears are some of the factors
inhibiting the growth of this market.
Among all types, in 2012, monitoring and control device was the
largest segment and accounted for 36.1% of the global market. However, power
quality and efficiency devices segment is expected to grow at a faster rate
during forecast period.
In terms of end use segment, in 2012, industrial segment
accounted for 51.3% of the total revenue of distribution
automation market and is expected to remain
dominating throughout the forecast period. Islanding operation, power quality
improvement, load shedding, self-healing functionality and energy efficiency
boost the demand for advanced distribution automation industrial segment.
However, residential segment is expected to grow at the highest rate with a
CAGR of 12.0% owing to need for improved reliability by reducing duration and
number of outages as well as the quality of service.
Geographically Europe was the largest distribution
automation market and accounted for 32.2% in 2012 owing to rise in number of
smart grid projects and increased investment in distribution automation
components, such as smart meters. Saved maintenance and operating cost is one
of the major reasons for increasing demand of distribution automation
in Europe.
The global market for distribution automation is dominated by
few players namely ABB Ltd., Siemens AG, Schneider Electric and GE Corporation.
In 2012, ABB Ltd. and Siemens AG were the market leaders with 24%and 22% market
share respectively. Other players in the market include GE, Schneider Electric,
and Alstom Grid.
Distribution automation market, by type
·
Monitoring and control devices
·
Power quality and efficiency
devices
·
Switching and power reliability
devices
Distribution automation market, by end user
·
Industrial segment
·
Commercial segment
·
Residential segment
In addition the report provides cross sectional analysis of the
market with respect to the following geographical segments:
·
North America
·
Europe
·
Asia-Pacific
·
RoW (Rest of the World)
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Market Research Reports @ http://www.transparencymarketresearch.com/energy-market-reports-3.html
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