DALLAS, July 23, 2015 /PRNewswire/ --
The report "Feeder Automation for Distribution Market by Application (Commercial, Industrial, & Residential), by Product (Hardware, Software, & Services), and Region - Global Trends & Forecasts to 2019", defines, segments, analyzes and forecasts the global feeder automation 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 "Feeder Automation for Distribution Market"
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The global distribution feeder automation system market is likely to witness a CAGR of 7.2% from 2014 to 2019. The U.S. represents the largest market, followed by China Rest of Americas, and Europe, in terms of market size by revenue.
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The global distribution feeder automation system market includes a few major players and the rest is fragmented into small regional players. Some of the key players operating in the market include Eaton Corporation PLC (Ireland), Advanced Control Systems Inc. (Georgia), ABB Ltd. (Switzerland), G&W Electric (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Crompton Greaves Ltd. (India), Moxa (China), and Schweitzer Engineering Laboratories (U.S.). The top four players, including the above, accounted 90% of the global market share in 2013, while the top two players accounted for over 75% share.
ABB Ltd. is a market leader with a strong presence globally. It provides high-quality distribution feeder automation components and system installations & services. The company has launched several protection & control units for substation automation, and has also achieved contracts for plant automation system & upgrade the safety of the protection systems. The company is a leader in developing feeder protection relays and feeder terminal units.
The growth strategies adopted by the major players of this market include new product/technology launches, contracts & agreements, expansions, and mergers, acquisitions, & joint ventures. Companies are constantly investing in R&D to introduce components and feeder protection units for remote controlling & monitoring the distribution feeder automation systems to meet the growing technological requirements.
The distribution feeder automation system market is predominant in the Americas, whereas, it is expected to grow in Asia-Pacific in the near future.
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