Market Overview:
The global digitalization of power distribution market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions and the growing need for data center infrastructure. In terms of type, the equipment segment is expected to lead the global digitalization of power distribution market during the forecast period. This can be attributed to the increasing demand for smart grid technologies and rising investments in renewable energy sources.
Product Definition:
The digitalization of power distribution is the process of transferring electrical power from a generating source to consumers through an electronic network. This process allows for the efficient and reliable transmission of electricity, which can improve overall system performance. Additionally, digitalization can help to reduce costs and environmental impacts associated with power generation and delivery.
Equipment:
Equipment is the hardware used in power delivery system. It can be categorized as to whether it's a device or a system. Devices are further classified into circuit breakers, fuses, switches & meters, transformers & cables and batteries (electric). System on which equipment is mounted includes substation equipment and control devices along with communication systems that help in data transfer between control centers.
Software:
Software is a set of procedures, protocols, and tools which are used to carry out a specific task. In the case of digitalization of power distribution market it helps in carrying out various tasks such as automation control system design process, asset management process and business process management among others.
Software has been playing an important role in automating processes across several industries for quite some time now. The automotive industry has been using software solutions for vehicle manufacturing purposes since the last decade or so.
Application Insights:
The industrial equipment segment accounted for the largest revenue share in 2016 and is anticipated to continue leading over the forecast period. The growth can be attributed to factors such as increasing demand for power distribution products from various industries including oil & gas, food & beverage, healthcare, manufacturing and mining.
Building & construction are expected to register a significant CAGR of XX% from 2017 to 2030 owing to rising R&D activities in developed countries on account of cyber security threats that need constant monitoring and protection against malware attacks across all systems especially electrical/electronic systems controlling building infrastructure. This factor is projectededto have a positive impact on industry growth over the next eight years or so.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest growth rate over the forecast period. The regional market is expected to be driven by increasing investments in infrastructure development and growing adoption of automation across various industrial sectors. Furthermore, rising demand for power distribution equipment from data centers and telecom industries will drive the regional market further.
North America accounted for a significant share in 2016 owing to early adoption of technologies such as digitalization of power distribution among others across several industry verticals such as oil & gas, healthcare & life sciences, manufacturing, etc. However, strict government regulations regarding energy consumption are expected to restrain industry growth over the next eight years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for power sector reforms
- Favorable initiatives by the government to promote renewable energy sources
- Technological advancements in smart grid technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Digitalization of Power Distribution Market Research Report
By Type
Equipment, Software
By Application
Industrial Equipment, Building & Construction, Data Center, Rail
By Companies
HITACHI ABB POWER GRIDS, Schneider, Siemens, Legrand, CHINT, Shanghai Liangxin Electrical, Changshu swItchgear mfg., Suzhou Wanlong Electric, Xiamen Minghan Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Digitalization of Power Distribution Market Report Segments:
The global Digitalization of Power Distribution market is segmented on the basis of:
Types
Equipment, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Equipment, Building & Construction, Data Center, Rail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HITACHI ABB POWER GRIDS
- Schneider
- Siemens
- Legrand
- CHINT
- Shanghai Liangxin Electrical
- Changshu swItchgear mfg.
- Suzhou Wanlong Electric
- Xiamen Minghan Electric
Highlights of The Digitalization of Power Distribution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Equipment
- Software
- By Application:
- Industrial Equipment
- Building & Construction
- Data Center
- Rail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digitalization of Power Distribution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digitalization of power distribution refers to the process by which electricity is delivered over a networked infrastructure. This allows for greater flexibility and efficiency in the delivery of electricity, as well as increased security and reliability.
Some of the key players operating in the digitalization of power distribution market are HITACHI ABB POWER GRIDS, Schneider, Siemens, Legrand, CHINT, Shanghai Liangxin Electrical, Changshu swItchgear mfg., Suzhou Wanlong Electric, Xiamen Minghan Electric.
The digitalization of power distribution market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digitalization of Power Distribution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digitalization of Power Distribution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digitalization of Power Distribution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digitalization of Power Distribution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digitalization of Power Distribution Market Size & Forecast, 2018-2028
4.5.1 Digitalization of Power Distribution Market Size and Y-o-Y Growth
4.5.2 Digitalization of Power Distribution Market Absolute $ Opportunity
Chapter 5 Global Digitalization of Power Distribution Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digitalization of Power Distribution Market Size Forecast by Type
5.2.1 Equipment
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digitalization of Power Distribution Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digitalization of Power Distribution Market Size Forecast by Applications
6.2.1 Industrial Equipment
6.2.2 Building & Construction
6.2.3 Data Center
6.2.4 Rail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digitalization of Power Distribution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digitalization of Power Distribution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digitalization of Power Distribution Analysis and Forecast
9.1 Introduction
9.2 North America Digitalization of Power Distribution Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digitalization of Power Distribution Market Size Forecast by Type
9.6.1 Equipment
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digitalization of Power Distribution Market Size Forecast by Applications
9.10.1 Industrial Equipment
9.10.2 Building & Construction
9.10.3 Data Center
9.10.4 Rail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digitalization of Power Distribution Analysis and Forecast
10.1 Introduction
10.2 Europe Digitalization of Power Distribution Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digitalization of Power Distribution Market Size Forecast by Type
10.6.1 Equipment
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digitalization of Power Distribution Market Size Forecast by Applications
10.10.1 Industrial Equipment
10.10.2 Building & Construction
10.10.3 Data Center
10.10.4 Rail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digitalization of Power Distribution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digitalization of Power Distribution Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digitalization of Power Distribution Market Size Forecast by Type
11.6.1 Equipment
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digitalization of Power Distribution Market Size Forecast by Applications
11.10.1 Industrial Equipment
11.10.2 Building & Construction
11.10.3 Data Center
11.10.4 Rail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digitalization of Power Distribution Analysis and Forecast
12.1 Introduction
12.2 Latin America Digitalization of Power Distribution Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digitalization of Power Distribution Market Size Forecast by Type
12.6.1 Equipment
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digitalization of Power Distribution Market Size Forecast by Applications
12.10.1 Industrial Equipment
12.10.2 Building & Construction
12.10.3 Data Center
12.10.4 Rail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digitalization of Power Distribution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digitalization of Power Distribution Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digitalization of Power Distribution Market Size Forecast by Type
13.6.1 Equipment
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digitalization of Power Distribution Market Size Forecast by Applications
13.10.1 Industrial Equipment
13.10.2 Building & Construction
13.10.3 Data Center
13.10.4 Rail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digitalization of Power Distribution Market: Competitive Dashboard
14.2 Global Digitalization of Power Distribution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HITACHI ABB POWER GRIDS
14.3.2 Schneider
14.3.3 Siemens
14.3.4 Legrand
14.3.5 CHINT
14.3.6 Shanghai Liangxin Electrical
14.3.7 Changshu swItchgear mfg.
14.3.8 Suzhou Wanlong Electric
14.3.9 Xiamen Minghan Electric
