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Global Distribution Automation Market Is Expected to Reach USD 17,677.2 Million in 2019: Transparency Market Research(ReleaseWire Via Acquire Media NewsEdge) Transparency Market Research has published a new report titled "Distribution Automation Market (Monitoring and control devices, Power quality and efficiency devices, Switching and power reliability devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its report database.Albany, NY -- (ReleaseWire) -- 09/02/2014 -- The global Distribution Automation Equipment Market was worth USD 9,986.3 million in 2012 and is expected to reach USD 17,677.2 million by 2019, growing at a CAGR of 8.5% from 2013 to 2019. Europe was the largest market for distribution automation in 2012. The growth in this region would be driven increased investment in distribution automation equipment by richest European countries like UK, France, Italy and Germany. Further, according to Greentechgrid's survey Europe invested USD 6.84 billion in smart meters starting from 2001 to 2012. Browse "Global Distribution Automation Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019" Report with Full TOC at http://www.transparencymarketresearch.com/distribution-automation-market.html The distribution automation market is driven by various factors such as reduced outage durations, increased reliability and efficiency of distribution system and cost and maintenance reduction with improved power quality. However, lack of standardization in communication infrastructure and technology and modernization of existing switchgears are some of the factors inhibiting the growth of this market. Among all types, in 2012, monitoring and control device was the largest segment and accounted for 36.1% of the global market. However, power quality and efficiency devices segment is expected to grow at a faster rate during forecast period. In terms of end use segment, in 2012, industrial segment accounted for 51.3% of the total revenue of distribution automation market and is expected to remain dominating throughout the forecast period. Islanding operation, power quality improvement, load shedding, self-healing functionality and energy efficiency boost the demand for advanced distribution automation industrial segment. However, residential segment is expected to grow at the highest rate with a CAGR of 12.0% owing to need for improved reliability by reducing duration and number of outages as well as the quality of service. For further inquiries, ask here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1818 Geographically Europe was the largest distribution automation market and accounted for 32.2% in 2012 owing to rise in number of smart grid projects and increased investment in distribution automation components, such as smart meters. Saved maintenance and operating cost is one of the major reasons for increasing demand of distribution automation in Europe. The global market for distribution automation is dominated by few players namely ABB Ltd., Siemens AG, Schneider Electric and GE Corporation. In 2012, ABB Ltd. and Siemens AG were the market leaders with 24%and 22% market share respectively. Other players in the market include GE, Schneider Electric, and Alstom Grid. Distribution automation market, by type Monitoring and control devices Power quality and efficiency devices Switching and power reliability devices Distribution automation market, by end user Industrial segment Commercial segment Residential segment In addition the report provides cross sectional analysis of the market with respect to the following geographical segments: North America Europe Asia-Pacific RoW (Rest of the World) Browse Technology and Media Market Research Reports @ http://www.transparencymarketresearch.com/technology-market-reports-8.html About U Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Ms. Sheela AK 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Company Blog: http://www.tmrblog.com/For more information on this press release visit: http://www.releasewire.com/press-releases/global-distribution-automation-market-is-expected-to-reach-usd-176772-million-in-2019-transparency-market-research-542618.htmMedia Relations ContactSheela AKBusiness HeadTransparency Market ResearchTelephone: 518-618 -1030Email: Click to Email Sheela AKWeb: http://www.transparencymarketresearch.com/ |