Global Feeder Automation Market was valued US$ 321.28 Mn in 2018 and is expected to reach US$ 5228.31 Mn by 2026, at a CAGR of 7.2% during a forecast period.
Rapidly rising prices of electricity coupled with high consumption along with integration of renewable energy sources are the factors driving the growth of the market. Furthermore, need for improved reliability & efficiency in power distribution are the factors that will boosting the market growth. However, delay in implementation of distribution feeder automation systems due to extremely high costs & high standards are the key factors limiting the growth of Feeder Automation market. The implementation of smart grid technology worldwide will offer major growth opportunities in the distribution feeder automation market.
By application, the industrial sector held the largest market share in 2017, because of higher adoption of feeder automation system in oil & gas industry, and is expected to achieve exponential growth during the forecast period. Growing usage of distribution feeder automation system in different mining sites helps in receiving better information regarding the state of electrical system, which in turn is going to help the industrial sector to maintain the leading position in the application area.
The feeder automation market acts to be competitive due to the presence of several players. Because of the increasing operational efficiency and expanding their offering the major players in this market are continuously trying to hold their market shares. To meet the evolving needs of industrial and commercial end-users, the market players are also focusing on provision of a wide range of feeder protection solutions.
Geographically, In North America region, industrial and commercial sector have rising demand in global feeder automation market. Asia Pacific region is expected to have the highest growth in the market during the forecast period due to the new potential industry in countries like China, India, Japan and others.
The report offers detailed information about the global feeder automation market and the various trends, drivers, restraints, opportunities and threats in the target market till 2026. The global feeder automation market report has been segmented on the basis of product, application, and region. The report provides a comprehensive analysis of current & future market trends and emerging ways for the growth of the market across the globe
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Feeder Automation Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Feeder Automation Market.
Scope of the Report Global Feeder Automation Market
Global Feeder Automation Market, By Application
Global Feeder Automation Market, By Product
Global Feeder Automation Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Feeder Automation Market
• 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)
• Schweitzer Engineering Laboratories (U.S.)
• Grid Solutions
• Kyland Technology
• Atlantic City Electric
For More Information Visit @: https://www.maximizemarketresearch.com/market-report/global-feeder-automation-market/28664/
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Address: Pune, Maharashtra 411051, India.