europe power distribution automation market size, share, growth and forecast by 2020
DESCRIPTION
Europe power distribution automation market is expected to grow at a steady rate during the forecast period. The Europe power distribution automation market is driven by the technological advancements for fault detection, voltage monitoring and control, reactive power management, grid integration of distributed energy resources, among others. Additionally, the ongoing upgradations of the ageing distribution infrastructure are further propelling the market in the region.TRANSCRIPT
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Public Utility Segment to Dominate Europe Power Distribution Automation Market 2025
Rising demand for energy efficiency and renewable power generation to drive the growth of Europe
power distribution automation market
According to TechSci Research report, “Europe Power Distribution Automation Market By
Component, By Utility, By End User, Competition, Forecast & Opportunities, 2025”, the Europe
power distribution automation market is expected to register significant growth through 2025 since it
reduces maintenance costs and offers high efficiency. Additionally, the increasing share of renewable
energy resources in the total energy mix is further anticipated to propel the market during the next
five years. However, high initial cost of power distribution automation can hamper the market during
forecast period. Also, the use of power distribution automation technology increases capital
expenditure on additional hardware components in the distribution network.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on" Europe Power Distribution Automation Market"
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The Europe power distribution automation market is segmented based on component, utility, end
user, company and regional distribution. Based on component, the market can be fragmented into
field device, software & services and communication technology. The field device segment is
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expected to register robust growth in the market during the next five years accreditable to the
increasing deployment of field devices in power distribution automation and increasing
investments on the field services. Based on utility, the market can be bifurcated into public and
private. The public utility segment dominates the market owing to the significant grants given by
the government to enhance the power distribution automation network of public utilities in the
region.
Key Players :
Siemens, ABB Ltd., General Electric Company, Schneider Electric, Eaton Corporation, Cisco
Systems, Inc., Xylem Europe GmbH and others are some of the leading players operating in Europe
power distribution automation market.
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“Europe power distribution automation market is expected to witness sluggish growth during the
forecast period, owing to the increasing investments in power distribution automation and the
increasing complexity of the power distribution infrastructure in the region. Additionally, growing
demand for energy-efficiency in the power supply segment is projected to fuel the market during the
next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Europe Power Distribution Automation Market By Component, By Utility, By End User,
Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe
power distribution automation market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in Europe power
distribution automation market.
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