Transparency Market Research has released a new market report entitled “Distribution Feeder Automation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” on to their report store.
Albany, NY -- (SBWIRE) -- 09/18/2017 -- Power distribution system is a very important portion of the electrical power system in delivery of electricity to the consumers. Automation in distribution field allows utilities to implement bendable control of the distribution system, which could be used for the purpose of enhancing the efficiency, quality, and reliability of electric service. Currently, worldwide r&d efforts are truly focused in the areas of communication technologies application and revolution in the distribution automation for the purpose of making distribution automation more efficient, intelligent and cost effective. The growth of distribution feeder automation market is highly reliant on the growth of overall commercial and industrial sector globally.
For purpose of in depth analysis, the distribution feeder automation market has been segmented on the basis of product types, applications and geography. Based on the product type, the distribution feeder automation market has been segmented into three types they are like software, hardware and services. Various types of applications of distribution feeder automation includes application in commercial, residential and industrial sector. Moreover, this report also provide cross functional analysis of all the above mentioned segment across different regions such as Europe, North America, Asia Pacific, Middle East and Africa and Latin America.
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Continuously growing demand for the power generation through sustainable and clean sources is driving the distribution feeder automation market .Emergence of the data analytics using the advanced distribution management system is one of the major driver for the growth of the distribution feeder automation market. Therefore, the minimal outage time and reduced monitoring and management demand are the main factors anticipated to catalyze the growing demand of different distribution feeder automation during the forecast period from 2017 to 2025. In addition, improved reliability and optimal usage of energy is also anticipated to increase the demand of distribution automation in the upcoming years. In turn this is also projected to affect the market of distribution feeder automation in a positive manner during the forecast period.
In spite of many driving factors, the distribution feeder automation market is expected to show a shrink and fluctuation in growth rate because of the lack of information at the 33kv substation on the loading and the health status of the associated feeders and transformers. Risk of frequent breakdown of the feeders and transformers and overloading due to absence of monitoring are the restraining factors for the global distribution feeder automation market. Better power quality and reduction in line loss is going to create significant opportunity for distribution feeder automation in coming years. Apart from that reduction in the energy cost and lower capital expense is also acting as an opportunity factor for the distribution feeder automation market in the forecast period from 2017-2025.
By application, the industrial sector held the largest market share because of higher adoption of distribution feeder automation system in oil & gas industry. Industrial sector is projected to achieve exponential growth during the forecast period. Growing usage of distribution feeder automation system in different mining sites helps in receiving better information regarding the state of electrical system ; which in turn is going to help the industrial sector to maintain the leading position in the application area.
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Geographically, the global distribution feeder automation market is mainly driven by North America region. Largest consumption of the feeder automation in the industrial and commercial sector is driving the market of North America region. Asia Pacific region is expected to attain highest growth in the market during the forecast period owing to the new potential industry in countries like China, India, Japan and others.
Some of the leading players operating in the distribution feeder automation market G&W Electric (The U.S.), Schweitzer Engineering Laboratories (The U.S.) Eaton Corporation (Ireland), Schneider Electric (France), ABB Ltd. (Switzerland), Crompton Greaves (India), Siemens (Germany) and Moxa (China) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.