Aug 11, 2017   SOURCE: BusinessWire

Global Power Distribution Automation Components Market 2017-2021: Key Players are ABB, Eaton, Schneider Electric, Siemens & Grid Solutions - Research and Markets

The "Global Power Distribution Automation Components Market 2017-2021" report has been added to Research and Markets' offering.

The global power distribution automation components market to grow at a CAGR of 6.20% during the period 2017-2021

Global Power Distribution Automation Components Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Emergence of IoT. IoT is the next generation technology for all the end-user applications owing to its superior advantages in the connectivity. In 2016, IoT already commercialized to a degree in the factory, thereby bringing an industrial revolution with the concept of Industry 4.0. The accompanying global digitalization is growing rapidly across the world and involves components that can identify and transmit conditional information. In addition to this, IoT is further simplifying the connectivity techniques with the use of IPv6-based Protocol addressing systems. In addition, the interoperability and data readability issues find a better solution with the advent of IoT.

According to the report, one of the major drivers for this market is Increasing investment in smart grids. Rising population and urbanization increased the demand for electricity over the past years and is expected to increase further in the coming years. According to the US Energy Information Administration, electricity generation in the world is expected to increase 69% by 2040 from 25.8 trillion kWh in 2020 to 36.5 trillion kWh in 2040, electricity being the highest growing form of energy consumption.

Key Vendors

  • ABB
  • EATON
  • Schneider Electric
  • Siemens
  • Grid Solutions

Other Prominent Vendors

  • Larsen & Toubro
  • G&W Electric
  • S&C Electric Company
  • Kalkitech

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by components

PART 07: Market segmentation by end-user

PART 08: Geographical segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

PART 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/99jkm8/global_power