Smart Power Distribution Systems Market CAGR Of 13.9% From 2021 to 2031

1. We use cookies for a better user experience. Read our Privacy Policy Agree  INSIGHTS INDUSTRY VERTICALS NEWSROOM ABOUT TMR   Home Electronics & Semiconductors Test & Measurement  Smart Power Distribution Systems Market Smart Power Distribution Systems Market Smart Power Distribution Systems Market (Component: Software [Advanced Metering Infrastructure, Smart Grid Communication, Substation Automation, Billing Information System, Energy Management, and Cloud-based Applications], Hardware [AMI Meters, Programmable Logic Controller {PLC}, Intelligent Power Distribution Unit, and Others], and Services [Deployment and Integration, Consultant, and Maintenance]; and Application: Commercial, Residential, and Industrial [Automotive, Pharmaceutical, Chemical, Food & Beverage, and Others]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031 Electronics & SemiconductorsTMRGL41753141 Pages Request Sample Enquiry Before Buying Request Brochure Select License Type Report Preview Table of Contents Request Methodology Single User license $5795 Smart Power Distribution Systems Market Outlook 2031 Multi-User license $8795 The globalsmart power distribution systems market was valued at US$ 23.8 Bn in 2020 Corporate license $11795 It is estimated to expand at a CAGR of 13.9% from 2021 to 2031 The globalsmart power distribution systems market isexpected to cross the value of US$ 96.1 Bn by the end of 2031 Buy Now Analysts’ Viewpoint on Smart Power Distribution Systems Market Scenario Growth and developments of grid infrastructure, increase in demand for integration of renewable energy sources, high grid reliability, and efficient outage response have increased the penetration of smart power distribution systems globally. The global smart power distribution systems market is significantly driven by factors such as rising number of oil & gas industries, along with continuous technological advancements. Consumers are rapidly adopting various smart grid 

2. solutions, as smart grid solutions allow electrical appliances to be automatically controlled and also reduce the overall cost of electricity.Thesignificant presence of market players operating in the smart power distribution systems market is also contributing to the market growth during the forecast period. COVID- 19 A Global Pandemic Technological Advancements and Rise in Popularity of Automated Software The software segment is expected to dominate during the forecast period due to increasing implementation of various advanced automated software in order to manage rising power consumption, power outages, fault detection, and power theft. Software allows utilities to reduce the overall production cost by eliminating human errors. Many countries across the globe are focusing on developing and refining grid infrastructure, including advanced metering, distribute on automation, substation automation, ubiquitous communications networks, micro grids, and DER integration. The industrial segment is expected to expand at a significant CAGR during the forecast period. Increasing IT spending and grid infrastructure development in North America and Asia Pacific are driving the smart power distribution systems market in the region. Request the coronavirus impact analysis on Smart Power Distribution Systems Market Request a sample to get extensive insights into the Smart Power Distribution Systems Market Increase in Usage of Advanced Metering Infrastructure to Fuel Operational Efficiency The advanced metering infrastructure segment is expected to hold major share of the global market during the forecast period due to the rising adoption of AMI meters in order to increase operational efficiencies and customer service. Furthermore, a large number of utilities are rapidly installing AMI meters in order to generate more accurate bills and automatically and wirelessly send actual energy usage to the consumer, which, in turn, has boosted the advanced metering infrastructure segment across different regions of the world. Get COVID-19 Analysis Smart power distribution systems are designed to deliver power from substations to customers. Efficient delivery and reliability of service are crucial measures for distribution systems. Destructive hurricanes, winter storms, and other extreme weather events, resulting from global climate change, may further challenge the reliable operation of distribution systems. In order to minimize the impact of these events on reliable power supply, governments and utilities are making an effort toward smart distribution systems (SDSs) through grid modernization. To understand how our report can bring difference to your business strategy, Ask for a brochure Trending Reports Rise in Demand for High Speed Data Network to Boost Global Market Handset Proximity Sensors Market - Global Industry Analysis, Size, Share, Growth,  The adoption of smart power distribution solution by utilities is rising due to the increasing need for savings in capital expenditure (CapEx) and operational expenditure (OpEx). The growing consumer demand for high speed data networks for reliable connectivity and mobility has fueled the demand for smart power distribution systems solutions. Numerous advancements in the networking industry and various benefits provided by automation technologies are likely expected

3. to boost the demand for smart power distribution systems solutions. The U.S. is expected to hold a prominent share of the smart power distribution systems market. Trends, and Forecast 2016 - 2024 Stuck in a neck-to-neck competition with other brands? Request a custom report on Smart Power Distribution Systems Market Single-phase Power Controller Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021- 2031  Lucrative Growth Opportunities for Market Players in Europe and North America North America is projected to dominate the global smart power distribution systems market during the forecast period. This is due to technological advancements and presence of a large number of grid automation solution providers in the region. Power grid solutions and services providers in North America are collaborating with each other and focusing on offering various advanced technology solutions to consumers, owing to rise in usage of power in the region. In North America, a large number of utilities are increasingly investing in smart grid technologies in order to improve operational efficiency and customer service. Horticultural Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030  The demand for smart power distribution solutions in APAC is likely to remain concentrated in China and India, owing to a larger consumer base in these countries. The market in India is estimated to expand at a significant CAGR among the countries in Asia Pacific during the forecast period owing to the surging need to improve the grid infrastructure and reduce power outages. Several countries in APAC are still using traditional power distribution systems, which are expected to shift toward smart grid solutions. Electrostatic Discharge (ESD) Test Meter Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031  Smart Power Distribution Systems Market: Overview LED Chips Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 According to Transparency Market Research’s latest research report on the global smart power distribution systems market for the historical period 2017–2019 and the forecast period 2021–2031, rise in adoption of IoT in smart power distribution and emergence of remote control capability in smart distribution systems are expected to boost the global smart power distribution systems market during the forecast period  Rise in Adoption of IoT in Smart Power Distribution: Key Driver of Smart Power Distribution Systems Market The IoT platform supports the smart power distribution’s bidirectional flow of data. The use of this data through cloud, automated telemonitoring systems and its accurate collection, visualization, and analysis enables plant operators to respond proactively to various challenges. The operators can optimally coordinate all systems and services to prevent errors and reduce design, construction, and maintenance costs on a lasting basis. The implementation of IoT with the aid of cloud connectivity reduces the requirement for in-person maintenance of local equipment via remote monitoring. This leads to reduction in operational costs by using inexpensive third- party cloud-based services, which offers 24/7 access to data.

4. The low-power, wide-area network (LPWAN) technology, a new smart power distribution systems integrated with wireless IoT sensors, data communication infrastructure, and cybersecurity, helps gain rapid, secure, and inexpensive access to the cloud. This technology offers long-range wireless telecommunication at a low bit rate. LPWAN provides various benefits that include remote access to building electrical distribution assets, reduced maintenance cost, and native connectivity in power distribution system components. Existing distribution networks are also facing some challenges including power theft, over energy usage by residential loads, and unbalanced loads on three phases. IoT helps offer reliable and quality power supply to reduce losses occurring due to power theft for power distribution companies. Thus, a rise in adoption of IoT in the power distribution system drives the market. Emergence of Remote Control Capability in Smart Distribution Systems Propels Market Rise in installation of field devices with communication capabilities, such as Remote Control Capability (RCSs), enables distribution operators to operate these devices remotely in distribution systems. The remote control capability is crucial for smart power distribution systems, as with more RCSs, distribution operators can perform service restoration rapidly. Remote-controlled switches (RCSs) have great communication capability and can work faster for system restoration following a permanent outage. This helps improve the reliability of an existing distribution network. RCSs are extensively utilized to reduce both the number and the duration of interruptions. However, the cost of these remote-controlled switches is relatively higher than that of manual protective devices, which hampers the adoption of these switches. Smart Power Distribution Systems Market: Competition Landscape Detailed profiles of providers of smart power distribution systems have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies Key players operating in the global smart power distribution systems market are ABB Ltd. Aclara Technologies LLC. Cisco Systems Inc., Eaton Corporation Fuji Electric Co., Ltd General Electric Company Honeywell International Inc. Itron Inc., Landis+Gyr AG

5. Schneider Electric SE Siemens AG. Smart Power Distribution Systems Market: Key Developments Key providers of smart power distribution systems, such as ABB Ltd., Aclara Technologies LLC., Cisco Systems Inc., Eaton Corporation, General Electric Company, and Siemens AG, are focused on the design of cost-effective smart power distribution systems products to attract more customers. Other key developments in the global smart power distribution systems market have been highlighted below: In December 2021, Schneider Electric launched a new version of its distribution system, EcoStruxure Power. This IoT-enabled architecture and platform designed to digitize and simplify electrical distribution infrastructure and delivers “always-on” power for commercial buildings, healthcare, data centres, industry and infrastructure. This new upgraded EcoStruxure has enhanced cybersecurity features, improved connectivity and predictive analytics features to reduce electrical fires and ensure the safety of equipment and personnel. In July 2018, ABB (India Limited) signed a memorandum of understanding (MoU) with the Indian Institute of Technology Roorkee (IITR) for technical cooperation to build an operational smart electricity distribution network and management system (SDNMS) in its campus. This served as a pilot project for the Government of India’s Smart Cities Mission. This agreement also included creation of a Smart Grids Resource Centre and joint R&D facilities in the field of efficient power generation and distribution with prime focus on clean energy over the next five years. In the global smart power distribution systems market report, we have discussed individual strategies, followed by company profiles of providers of smart power distribution systems products. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global smart power distribution systems market. Smart Power Distribution Systems Market Snapshot Attribute Detail Market Value in 2020 (Base Year) Size US$ 23.8 Bn Market Forecast US$ 96.1 Bn

6. Value in 2031 Growth (CAGR) Rate 13.9% Forecast Period 2021-2031 Quantitative Units US$ Bn for Value It includes cross segment analysis at the global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, supply chain analysis, parent industry overview, etc. Market analysis Market Share Analysis by Company (2020) Competition Landscape Company profiles include overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, key financials, etc. Format Electronic (PDF) or word + Excel North America Europe Regions Covered Asia Pacific Middle East & Africa South America Countries Covered U.S. Canada Germany U.K.

7. France Japan China India South Korea ASEAN GCC Countries South Africa Brazil Market Segmentation Component Software Advanced Metering Infrastructure Smart Grid Communication Substation Automation Billing Information System Energy Management Cloud-based Applications Hardware AMI Meters Programmable Logic Controller (PLC) Intelligent Power Distribution Unit Others (Sensors, Protection and Control Relays, etc.) Services Deployment and Integration Consultant Maintenance

8. Application Commercial Residential Industrial Automotive Pharmaceutical Chemical Food & Beverage Others (Healthcare, Marine, etc.) ABB Ltd. Aclara Technologies LLC. Cisco Systems Inc. Eaton Corporation Fuji Electric Co., Ltd Companies Profiled General Electric Company Honeywell International Inc. Itron Inc. Landis+Gyr AG Schneider Electric SE Siemens AG Customization Scope Available upon Request Pricing Available upon Request Smart Power Distribution Systems Market – Segmentation

9. Software Hardware Component Services Commercial Residential Application Industrial North America Europe Asia Pacific Region Middle East & Africa South America TMR’s study of the global smart power distribution systems market segments the market based on component, application, and region. Changing market trends and other crucial market dynamics associated with segments of the global smart power distribution systems market have been discussed in detail in TMR’s study. Frequently Asked Questions What is the Smart Power Distribution Systems Market size? ❯ What is the CAGR for Smart Power Distribution Systems Market? ❯ What is the Study Period of Smart Power Distribution Systems Market? ❯

10. Who are the key players in the Smart Power Distribution Systems Market? ❯ Which Region Lead Smart Power Distribution Systems Market? ❯ Custom Market Research Services Get Special Pricing TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough. Special pricing for start-ups and universities. Request Customization Get Special Pricing Industry Verticals About TMR Media Contact TMR Automotive & Transport About Us Press Releases +1-518-618-1030 Chemicals & Materials Services TMR in News 866-552-3453 (US-Canada Toll Free) Consumer Goods & Services Contact Us Email Sales Help Defense Sitemap Locations How To Order Electronics & Semiconductors Insights CORPORATE HEADQUARTER : DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Delivery Method Energy & Natural Resources Published Reports Return Policy Factory Automation Top Industry Reports FAQs Food & Beverages U.S. OFFICE: State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States Upcoming Reports Privacy Policy Healthcare Case Studies Disclaimer

11. REGISTERED OFFICE : Office No. 501-A, 5th Floor, VANTAGE 9, S.No. 36/1/1, Baner, Pune 411045 India Heavy Engineering Equipment Terms & Conditions IT & Telecom Packaging Pharmaceutical Copyright © Transparency Market Research. All Rights Reserved PDFmyURL.com - convert URLs, web pages or even full websites to PDF online. Easy API for developers!