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Distribution Automation Market Emerging Trends and Opportunities Analysis

[267 Pages Report] The global distribution automation market in terms of revenue was estimated to be worth $15.8 billion in 2022 and is poised to reach $28.1 billion by 2027, growing at a CAGR of 12.2% from 2022 to 2027. The factors driving the market include the demand for can be attributed to intensive need for the grid reliability and rising technological advancements particularly in power sector.<br>

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Distribution Automation Market Emerging Trends and Opportunities Analysis

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  1. Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired Communication Technology, Wireless Communication Technology), Utility (Public, Private) and Region - Global Forecast to 2027 www.MarketsandMarkets.com

  2. The global distribution automation market is estimated to be valued at USD 15.8 billion in 2022 (estimated year) and is projected to reach USD 28.1 billion by 2027 (forecast year); growing at a CAGR of 12.2% during the forecast period. The distribution automation market has promising growth potential due to the rising deployment of smart grid technologies and increasing demand for the electricity in remote areas. View detailed Table of Content here –https://www.marketsandmarkets.com/Market-Reports/distribution-automation-market-65029172.html

  3. Field Devices segment expected to dominate distribution automation market, by component, during the forecast period The field devices segment holds the largest share of the distribution automation market. The large market share can be attributed to the advantage it offers such as the remote monitoring of distribution power grids to reduce the duration of power outages in Asia Pacific and Africa. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=65029172

  4. Wireless communication technology to witness fastest growth rate in distribution automation market, by communication technology, during forecast period The distribution automation market, by communication technology, is divided into wired communication technology and wireless communication technology, wherein wireless communication technology accounts for the fastest growing with a higher CAGR. The growth is attributed to increase in government initiatives and technological advancements pertaining to distribution automation to improve and maintain high levels of service reliability and operating efficiency.

  5. Browse >> 290 market data tables 59 figures 267 pagesand in-depth TOC on “Distribution Automation Market - Global Forecast to 2027” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  6. Asia Pacific to be fastest-growing distribution automation market during forecast period In this report, the distribution automation market has been analyzed for five regions, namely, Asia Pacific, North America, Europe, South America and Middle East & Europe. North America is a significant contributor to the distribution automation market in the current scenario owing to the rapidly increasing cost-competitiveness of electricity, which enable consumers to have access to clean fuel through distributed energy sources. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=65029172

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Distribution Automation Market. These include • ABB (Switzerland), • General Electric (US), • Eaton (Ireland), • Schneider Electric (France), • Siemens (Germany) among others... • Buy Now : - https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=65029172

  8. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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