Reaching a significant market worth by 2027, the global distribution automation market is set to chart a notable CAGR (Compound Annual Growth Rate) owing to an increase in generation of renewable energy, and a rising demand for energy efficiency.
It is worth pointing out here that developing countries such as India are witnessing an increase in distributed energy generation and that is leading a plethora of untapped opportunities emerging in the market landscape.
The landscape of global Distribution Automation market is witnessing a slew of notable developments, which are shaping the future and overall appearance of the competitive landscape. A glance into the global Distribution Automation market is given below.
The global Distribution Automation market is fragmented owing to a decent number of players in the market landscape. And, prominent players in the global Distribution Automation market are Siemens (Germany), ABB (Switzerland), GE (US), Schneider Electric (France), and Eaton (Ireland). Software providers such as Cisco (US) and Xylem (Sensus) (US) provide software to OEMs such as ABB (Switzerland) and Siemens (Germany), among others.
In order to consolidate their market position, players clamor for an edge over competitors and that can be done via product development, advancement in technology and increasing investment in research and development in order to push innovation. Some of the players partner with others to combine capabilities and know-how, while exploring synergies to ensure growth in the future. Often, it also leads to a deeper penetration into a specific market.
The global Distribution Automation market is looking at significant factors of growth over the forecast period. Some of the key factors comprise the ones outline below. A thorough analysis can be found in the upcoming global distribution automation market study report done by Transparency Market Research (TMR).
Over the forecast period, the region that is set to carve out a major chunk of the overall growth is Europe, owing to increasing investment levels in distribution automation. Besides, the growing complexity in the region’s infrastructure is calling out for automation to manage distribution effectively. Moreover, there is demand for bringing energy efficiency in the supply of power in Europe. Some of the key markets in the region for distribution automation are France, the United Kingdom (U.K.) and Germany.
However, it is pertinent to note that the fastest growing region would be that of Asia Pacific (APAC) over the forecast period. The growth owes itself to countries such as Japan, China and Australia. Besides, there is rapid industrialization marking the regional landscape, propelling growth in the global distribution automation market.