Public Utility Segment to Dominate Europe Power Distribution Automation Market During Forecast Period
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.
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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 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.
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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