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According to the new research report "Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region - Global Forecast to 2025", distribution automation market size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025. The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are major factors driving the growth of this market.
Browse 113 market data Tables and 48 Figures spread through 185 Pages and in-depth TOC on "Distribution Automation Market - Global Forecast to 2025"
Public utility segment estimated to hold a larger share of the distribution automation market than the private utility segment during the forecast period
The distribution automation market has been segmented based on utility into public and private. The public utility segment accounted for a larger market share in 2019. Public utilities are undertaking initiatives to adopt new advanced technologies due to increased regulation and evolving customer preferences.
Wireless segment projected to register a higher CAGR than the wired segment during the forecast period
Based on communication technology, the market has been segmented into wired and wireless. The wireless segment is expected to witness a higher CAGR during the forecast period. Distribution automation uses wireless communication due to its ease in accessibility and increased efficiency. This wireless communication technology provides integral support to the utilities by offering high bandwidth and covering a large area.
Asia Pacific estimated to dominate the distribution automation market during the forecast period
Asia Pacific is estimated to be the largest market for distribution automation during the forecast period. For the market analysis, the region has been segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The demand for distribution automation in this region is driven mostly by the increasing electricity consumption and the need to upgrade aging infrastructure. Countries in this region are shifting toward clean energy to meet the growing energy demands.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of top players in the distribution automation market. Some of the major market players include ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany). These leading market players adopt various growth strategies to increase their share and presence in the distribution automation market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com
According to the new research report "Submarine
Power Cable Market by Type (Single, Multicore), Voltage (Medium, High),
Conductor Material (Copper, Aluminum), End-User (Offshore Wind Power
Generation, Inter-Country & Island Connection, & Offshore Oil &
Gas), and Region - Global Forecast to 2023", The submarine
power cable market is expected to grow from an estimated market size of USD
8.12 Billion in 2018 to USD 16.56 Billion by 2023, at a CAGR of 15.32%, from
2018 to 2023. The overall market is set to witness significant growth because
of the increasing offshore wind installations, growing demand for inter-country
and island connection, and demand from offshore oil & gas sector.
Increasing demand for HVDC connections is one of the major opportunities for
the submarine power cable market.
Browse 64 market data Tables and 42 Figures spread
through 140 Pages and in-depth TOC on "Submarine
Power Cable Market - Global Forecast to 2023"
Offshore
Wind Power Generation: The largest segment, by End-User, during the forecast
period
The offshore wind power generation segment is expected to
hold the largest share of the submarine power cable market during the forecast
period. Growing investment in the renewable sector and technology advancements
along with government initiatives are the major factors driving the submarine
power cable market in Europe. New offshore wind generation capacity is under
development in countries in Asia Pacific, especially China. These factors have
resulted in the highest market share of the offshore wind power generation
segment in the submarine power cable market.
The high voltage segment accounts for the largest share of the
submarine power cable market, by
voltage, during the forecast period
The high voltage segment is expected to be the largest
market, by voltage, from 2018 to 2023. Factors driving the market for
high-voltage submarine power cables ranging above 33 kV include vast
implementation of these submarine power cables in the offshore wind industry
and inter-country & island connections.
Europe: The fastest-growing market for submarine power cables
In this report, the submarine power cable market has been
analyzed on the basis of 5 regions: Asia Pacific, North America, Europe, and
the Middle East & Africa. The submarine power cable market in Europe is
driven by countries such as UK, Germany, Denmark, and Netherlands. The demand
for submarine power cables in this sector is driven by rising offshore wind
installations accelerated by significant technology advances.
To enable an in-depth understanding of the competitive
landscape, the report includes the profiling of some of the key players in the
submarine power cable market. These players include Prysmian (Italy), Nexans
(France), NKT (Denmark), General Cable (US), and Furukawa Electric (Japan).
Leading players are trying to establish themselves in the markets in developing
economies and are adopting various strategies to increase their market shares.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on
30,000 high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™
are tracking global high growth markets following the "Growth Engagement
Model – GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write
"Attack, avoid and defend" strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets™ now
coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth
emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and
market research platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets.
According to new research report "Ultrasonic Flow Meter Market by
Implementation Type (Clamp-On and Inline), Measurement Technology,
Number of Paths (1 Path Transit-Time, 2 Path Transit-Time, and 3 and
Above Path Transit-Time), End-User, Region - Global Forecast to 2024",
the ultrasonic flow meter market is projected to reach USD 2.1 billion
by 2024 from an estimated USD 1.5 billion in 2019, at a CAGR of 6.5%.
The growth of this market is driven with the increase in imports of
crude oil in India, rise in shale gas exploration activities in the US,
and increasing green field investments in China.
Browse 70 market data Tables and 34 Figures spread through 135 Pages and in-depth TOC on "Ultrasonic Flow Meter Market - Global Forecast to 2024"
The clamp-on segment, by implementation, is expected to be the largest market during the forecast period.
The
clamp-on segment, by implementation, is estimated to be the largest
market during the forecast period. Clamp-on ultrasonic flow meter
measures the flow without any interruption in the process and the flow
rate under challenging environmental areas like toxic and hazardous
conditions inside the pipe, which is expected to drive its demand in the
ultrasonic flow meter market which is expected to drive its demand in
the ultrasonic flow meter market.
This research report categorizes
the market based on implementation type, measurement technology, number
of paths, end-user, and region
On the basis of implementation type, the market has been segmented as follows:
Clamp-on
Inline
Others (wall-mounted & hand-held)
On the basis of measurement technology, the market has been segmented as follows:
Transit-time
Doppler
Hybrid
On the basis of number of paths, the market has been segmented as follows:
1 path transit-time
2 path transit-time
3 and above path transit-time
On the basis of end-user, the market has been segmented as follows:
Oil & gas
Power Generation
Water & wastewater
chemical, food & beverage, pharmaceuticals, and paper & pulp industries)
On the basis of region, the market has been segmented as follows:
Asia Pacific
Europe
North America
South America
Middle East & Africa
The
transit-time segment is expected to be the fastest growing segment of
the ultrasonic flow meter, by measurement technology, during the
forecast period.
The transit-time segment is expected to
hold the largest market share during the forecast period because of its
bi-directional and precise flow measurement advantages. This technology
can be utilized for both natural gas and petroleum liquid. This
technology comprises 80–85% of the market share globally. Oil & gas
and water & wastewater industry demands precise flow measurement
technologies in their process, which is driving the transit-time
segment. Hybrid is an upcoming technology with the second largest market
share in the ultrasonic flow meter market. This technology is the
combination of both the transit-time & doppler. This technology is
mainly used by the water & wastewater industry.
Asia Pacific: The leading market for ultrasonic flow meter.
Asia
Pacific is estimated to be the largest growing market for ultrasonic
flow meters during the forecast period. The ultrasonic flow meter market
has been segmented, by region, into Asia Pacific, Europe, the Middle
East & Africa, North America, and South America. The growth of this
region is primarily driven by increasing number of investments in the
water & wastewater, energy and power, refining, chemicals, and
industrial infrastructure activities in the developing economies such as
China and India.
To enable an in-depth understanding of the
competitive landscape, the report includes the profiles of some of the
top players in the ultrasonic flow meter market. Some
of the key players in the ultrasonic flow meter market are Siemens
(Germany), Danfoss (Denmark), Fuji Electric (Japan), Badger Meter (US),
GE (US), Endress+Hauser (Switzerland), Honeywell (US), and KROHNE
(Germany). The leading players are adopting various strategies to
increase their shares in the ultrasonic flow meter market.
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide
companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000
top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global
high growth markets following the "Growth Engagement Model – GEM". The
GEM aims at proactive collaboration with the clients to identify new
opportunities, identify most important customers, write "Attack, avoid
and defend" strategies, identify sources of incremental revenues for
both the company and its competitors. MarketsandMarkets™ now coming up
with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets™ is determined to benefit
more than 10,000 companies this year for their revenue planning and help
them take their innovations/disruptions early to the market by
providing them research ahead of the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value chains
for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 newsletter@marketsandmarkets.com
