Global Distribution Automation Market to Expand at a CAGR of 7.29% from 2018 to 2023 - ... - 0 views
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Almira Coyne on 29 Jan 20The distribution automation market is estimated to grow at a CAGR of 7.29% from 2018 to 2023, to reach a projected market size of USD 16.81 billion by 2023. Distribution automation is a solution, which includes monitoring, protecting, controlling, and maintaining the distribution network. Distribution automation is mainly divided into two areas including distribution substation & feeder automation and customer-end automation. Increasing renewable power generation and upgrade of ageing distribution infrastructure are the key factors contributing to the growth of the distribution automation market. Increasing distributed energy generation in developing countries such as India can create opportunities for the distribution automation market.