Global Automation Solutions in Power Industry to Grow at a CAGR of 5.68% During 2016-2020 has recently announced the addition of a market study “Global Automation Solutions Market in the Power Industry 2016-2020”, is a comparative analysis of the global market.


Albany, NY -- (SBWIRE) -- 09/21/2016 -- About Automation Solutions in Power Industry

Automation solutions enable operators and utilities to manage the load on the grid actively. Utilities can also leverage the information obtained from the power grid through these automation solutions, make instant changes to optimize grid conditions, and avoid events that may trigger grid failure.

Technavios analysts forecast the global automation solutions in power industry to grow at a CAGR of 5.68% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global automation solutions in power industry 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of hardware, software licenses, renewal of software licenses, upgrades of existing solutions, and maintenance and services in the power industry.

The market is divided into the following segments based on geography:


Technavio's report, Global Automation Solutions Market in Power Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Emerson Electric
Schneider Electric

Other prominent vendors
Koyo Electronics
Mitsubishi Electric
Parsec Automation

Market driver
Rise in investments in smart power grids
For a full, detailed list, view our report

Market challenge
High cost of upgrading to smart grids
For a full, detailed list, view our report

Market trend
Adoption of IoT in power industry
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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