Distribution Automation Market Development Opportunities Accelerate in 2025

The 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 expected to drive the growth of the distribution automation market during the forecast period.

Asia Pacific is estimated to be the largest market for distribution automation during the forecast period. The growth of this region is attributed to increasing investments in grid modernization to enhance efficiency. To meet the growing energy demand, the region is also increasingly focused on renewable energy integration.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=65029172

The distribution automation market has been segmented based on component into field devices, software, and services. The field devices segment is expected to be the largest market during the forecast period. This segment’s growth can be attributed to increasing investments to modernize the electric grid, improve interoperability, and collect real-time data.

Based on communication technology, the market has been segmented to wireless and wired. The wireless segment is expected to witness a higher CAGR than the wired segment during the forecast period. Wireless communication technology offers easy accessibility. It also ensures cost savings and provides secure data transmission, which acts as significant driving factors for the segment’s growth.

This research report categorizes the distribution automation market by component, communication technology, utility, and region

By Component:

• Field Devices
  • Remote Fault Indicators
  • Smart Relays
  • Automated Feeder Switches/Reclosers
  • Automated Capacitors
  •  Automated Voltage Regulators
  • Automated Feeder Monitors
  • Transformer Monitors
  • Remote Terminal Units
• Software
• Services

By Communication Technology:

• Wireless
  • Radio Frequency Mesh
  • Cellular Networks
  •  WiMAX
• Wired
  • Fiber Optic
  • Ethernet
  • Powerline Carrier
  • IP

By Utility:

• Public
• Private

By Region:

• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa

Based on utility, the market has been segmented into public and private. The public segment is estimated to lead the market from 2020 to 2025. The growth of this segment is driven by the increasing number of publicly owned electric utilities across all regions. Public utilities are generally owned by local, regional, or national government bodies, which either operate through their own generation facilities or purchase power through contracts.

Ask FREE Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=65029172

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

Global Well Intervention Market Report 2020: Market is Projected to Grow from $7.1 billion in 2020 to $8.8 billion by 2025

The global well intervention market is projected to reach USD 8.8 billion by 2025 from an estimated USD 7.1 billion in 2020, at a post COVID-19 CAGR of 4.5 % during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global well intervention market is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia-Pacific.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1099

The well intervention market has promising growth potential due to the continuous  shale developments. It is difficult to extract oil & gas  from shale reservoirs due to which shale reservoirs require more intervention processes to optimize oil production. According to the IEA, the shale production from the US alone is expected to cross 100 million barrels per day. Shale development in other countries such as China and Argentina are also likely to boost the well production activities in these countries, which is likely to drive the well intervention market in North America, Latin America, and Asia Pacific.

The well intervention market, by service type, is segmented into logging & bottomhole survey, tubing & packer failure, stimulation, remedial cementing, zonal isolation, sand control, artificial lift, fishing, and reperforation. Sand control services are observed to be new revenue pockets for the oil field service providers owing to the drilling of shale reservoirs and oil sand formations. The services help in reducing the operational expenditure that is involved with the removal of sand. The need to enhance production from mature reservoirs are expected to drive the market for this segment during the forecast period.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1099

The report segments the well intervention market, by well type, into horizontal and vertical. The horizontal segment of the well intervention market is expected to grow at the highest CAGR during the forecast period, as horizontal drilling is observed as a more efficient method of drilling. The horizontal wells account for about 70% of the total drilled wells. Furthermore, the offshore and shale developments have boosted the horizontal well type to be the largest and the fastest growing segment of the global well intervention market.

The well intervention market, by application, is categorized into onshore and offshore. The African offshore segment is expected to provide many opportunities for well intervention market in the future, owing to huge drilling activities in offshore Angola, and Mozambique gas production activities. The offshore segment is further segmented based on the well depth as shallow, deepwater, and ultra-deepwater. The ultra-deepwater segment is expected to be the promising segment for well intervention providers. Growth is driven majorly by the increasing ultra-deepwater drilling and production activities and an increase in the number of maturing subsea wells. Furthermore, the investments to revive the mature onshore fields are expected to offer lucrative opportunities for the well intervention manufacturers during the forecast period.

Ask FREE Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1099

North America is estimated to be the fastest growing market for well intervention during the forecast period. The region has been segmented, by country, into US and Canada. The increasing shale oil & gas production in the North America region is driving the well intervention market in this region. According to the BP statistical report for June 2019, the US is the top producer of oil, producing 15.3 billion barrels of oil, in 2018. Moreover, the country has been experiencing huge investments from upstream operators to increase the production from the depleting fields in Texas, Permian Basin, and the Gulf of Mexico, along with new drilling activities in ultra-deepwater locations in the Gulf of Mexico, which is likely to drive the North American well intervention 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

Comprehensive Report on Power Monitoring Market Set to Witness Huge Growth by 2024

 The global power monitoring market is projected to reach USD 5.2 billion by 2024 from an estimated USD 3.8 billion in 2019, at a CAGR of 6.1% during the forecast period. Increasing focus on efficient utilization of power resources is driving the demand for the power monitoring market.

Hardware segment is expected to lead the power monitoring market by technology

Increasing deployment of smart meters, rise in investments for smart grid technology, and increasing focus on reducing energy cost by effective utilization of power resources is expected to drive the hardware segment, by component during the forecast period. Asia Pacific is expected to be the fastest growing market for this segment.

Hardware components of a power monitoring system include physical components, such as metering and communication and measurement devices. The basic function of metering devices is to measure, record, and monitor the quantity of power flowing through any part of the electric system. It is expected to be the largest market during the forecast period.

Download PDF Brochure -

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=197503460

Manufacturing & Process Industry segment is expected to capture the significant share of the power monitoring market by end-user

Manufacturing &  Process Industry segment, by end-user, is expected to be the largest market for power monitoring. The growth of this segment is majorly driven by increasing demand for efficient utilization of power resources in cement, semiconductor, water & wastewater, food & beverages, and other industries. The demand for power monitoring in the manufacturing & process segment is driven by factors such as energy efficiency, power surges, and uninterrupted power supply. Furthermore, manufacturing & process industries are adopting & implementing energy efficiency measures and deploying equipment for delivering reliable power supply to reduce the overall operating cost and increase the plant uptime.

This research report categorizes the power monitoring market by technology, capacity, end-user, and region.

The power monitoring market, by Component, has been segmented as follows:

• Hardware
  • Metering & Communication Devices
  • Measurement Devices
• Software
• Services

The power monitoring market, by End-user, has been segmented as follows:

• Manufacturing & Process Industry
• Datacenters
• Public Infrastructure
• Utilities & Renewables
• Electric Vehicle Charging Station

The power monitoring market, by Region, has been segmented as follows:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

North America is expected to dominate the global power monitoring market

North America is expected to dominate the power monitoring market during the forecast period. The US, Canada, and Mexico are the major countries in this region. The governments of these countries in North America are currently focusing on upgrading and replacing their aging infrastructure, improving grid reliability, and enabling smarter power networks which is majorly driving the demand for power monitoring system. In addition to this, the US and Canadian utilities are expected to invest USD 880 billion and USD 100 billion, respectively, in power networks for a period of next 20 years. This investment would include sectors such as smart grids, digitization, power monitoring, and energy management among others. The countries in North America are also prone to natural disasters, hence, there is a demand for quick fault location and speedy restoration of electricity. All these factors would help in the growth of the power monitoring market in the region.

Ask for Sample Pages of the Report - https://www.marketsandmarkets.com/requestsampleNew.asp?id=197503460

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Schneider Electric  (France), ABB (Switzerland), Eaton (Ireland), Siemens (Germany), General Electric (US), Emerson (US), Rockwell Automation  (US), Mitsubishi Electric (Japan), Omron (Japan), Yokogawa (Japan) along with other prominent providers of power monitoring technology.

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