Distribution Automation Market Competitive Scenario 2018 to 2023
The report "Distribution Automation Market by Component (Field Device (Smart Meters, Voltage Regulators, and Smart Sensors), Software & Services, Communication Technology (Wired, and Wireless)), Type of Utility (Public, Private), and Region - Global Forecast to 2023" The distribution automation market is expected to grow from an estimated market size of USD 11.82 billion in 2018 to USD 16.81 billion by 2023, at a CAGR of 7.29% from 2018 to 2023. The global market is set to witness significant growth because of the increasing renewable power generation and need for energy efficiency. Advancements in IoT and communication technologies present a significant opportunity for the distribution automation market.
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