Public Utility Segment to Dominate Europe Power Distribution Automation Market During Forecast Period

Rising demand for energy efficiency and renewable power generation to drive the growth of Europe power distribution automation market

According to TechSci Research report, “Europe Power Distribution Automation Market By Component, By Utility, By End User, Competition, Forecast & Opportunities, 2025”, the Europe power distribution automation market is expected to register significant growth through 2025 since it reduces maintenance costs and offers high efficiency. Additionally, the increasing share of renewable energy resources in the total energy mix is further anticipated to propel the market during the next five years. However, high initial cost of power distribution automation can hamper the market during forecast period. Also, the use of power distribution automation technology increases capital expenditure on additional hardware components in the distribution network.

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The Europe power distribution automation market is segmented based on component, utility, end user, company and regional distribution. Based on component, the market can be fragmented into field device, software & services and communication technology. The field device segment is expected to register robust growth in the market during the next five years accreditable to the increasing deployment of field devices in power distribution automation and increasing investments on the field services. Based on utility, the market can be bifurcated into public and private. The public utility segment dominates the market owing to the significant grants given by the government to enhance the power distribution automation network of public utilities in the region.

Siemens, ABB Ltd., General Electric Company, Schneider Electric, Eaton Corporation, Cisco Systems, Inc., Xylem Europe GmbH and others are some of the leading players operating in Europe power distribution automation market.

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“Europe power distribution automation market is expected to witness sluggish growth during the forecast period, owing to the increasing investments in power distribution automation and the increasing complexity of the power distribution infrastructure in the region. Additionally, growing demand for energy-efficiency in the power supply segment is projected to fuel the market during the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Power Distribution Automation Market By Component, By Utility, By End User, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Europe power distribution automation market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Europe power distribution automation market.

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