Distribution Feeder Automation System Market Worth $3.4 Billion by 2019
DALLAS, April 10, 2015 /PRNewswire/ --
The report "Distribution Feeder Automation System Market by Application (Commercial, Industrial, Residential), by Products (Hardware, Software, Services), and by Region (Americas, Europe, Asia-Pacific, ROW) - Global Trends and Forecasts to 2019", defines, segments, analyzes and forecasts the global Distribution Feeder Automation System Market. This market is estimated to grow from $2.4 Billion in 2014 to $3.4 Billion by 2019, at a CAGR of 7.2% from 2014 to 2019.
Browse 71 market data Tables and 50 Figures spread through 210 Pages and in-depth TOC on "Distribution Feeder Automation System Market"
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The power distribution industry is demanding automation in order to control and monitor real-time data over a communication system. Since the late 1990s, automated detection of feeder faults and reconfiguration to restore power to un-faulted sections has been in trend. The feeder automation system provides several benefits to utilities and customers, including shorter outage durations, fewer sustained outages, improved performance indices, enhanced operational efficiencies, and improved service quality.
Feeder automation distribution systems accurately detect & locate feeder faults, isolate the faulted sections of the feeder, and restore power as quickly as possible. Furthermore, the U.S., Canada, Mexico, the U.K., Germany, China, and Japan are also key markets, where distribution operators and service providers are focusing and creating huge prospects in this service industry. Europe and Asia-Pacific are in their growth stage for distribution automation activities; as a result, there are high prospects for this service industry in recent times.
Consequently, increasing technologies for reducing power outages and efficiency of the current distribution system is continuously encouraging the need for automation of distribution feeders. Hence, governments, private distribution utilities & service providers, and equipment manufacturers are continuously trying to integrate their existing technologies and develop new ones extensively through R&D, to decrease power failures and impose the effect of using Automated Distribution Feeder Systems.
This market is dominated by many global players and the rest of the market is fragmented between few regional players, and hence, new product/technology launches is becoming a key strategy for distribution feeder automation system service providers and equipment manufacturers.
The Distribution Feeder Automation System Market includes major players, namely Eaton Corporation PLC. (Ireland), Advanced Control Systems Inc. (Georgia), ABB Ltd. (Switzerland), G&W Electric (U.S.), Schneider Electric SE (France), Crompton Greaves Ltd. (India), Siemens AG (Germany), Moxa (China), and Schweitzer Engineering Laboratories (U.S.).
The market has been categorized based on products into hardware, software, and services. The market, with respect to main regions, includes the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The Distribution Feeder Automation System Market has also been analyzed on the basis of application, which has been classified under commercial, industrial, and residential areas.
This report segments the global Distribution Feeder Automation System Market by product, application, and region. It also focuses on the market share analysis, supply chain analysis, value chain, Porters Five Forces analysis, and market metrics such as drivers, restraints, burning issues, winning imperative, and opportunities. It also presents the competitive landscape and company profiles. In addition, 14 key players in the market have also been profiled, which includes major companies providing distribution feeder automation system services and equipment manufacturing companies.
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