Energy and Power Feeder Automation Market

Feeder Automation Market scope, Overview, Trends, Demand and Supply, Forecasts to 2019 The report “ Feeder Automation for Distribution Market by Application (Commercial, Industrial, & Residential), by Product (Hardware, Software, & Services), and Region - Global Trends & Forecasts to 2019”, defines, segments, analyzes and forecasts the global feeder automation market. This market is estimated to grow from $2.4 Billion in 2014 to $3.4 Billion by 2019, at a CAGR of 7.2% from 2014 to 2019. Browse 71 market data tables and 50 figures spread through 210 pages and in-depth TOC on “Feeder Automation for Distribution Market - Global Trends & Forecasts to 2019" The power distribution industry is demanding automation in order to control and monitor real - time data over a communication system. Since the late 1990s, automated dete ction of feeder faults and reconfiguration to restore power to un-faulted sections has been in trend. The feeder automation system provides several benefits to utilities and customers, including shorter outage durations, fewer sustained outages, improved performance indices, enhanced operational efficiencies, and improved service quality. Feeder automation distribution systems accurately detect & locate feeder faults, isolate the faulted sections of the feeder, and restore power as quickly as possible. Furt hermore, the U.S., Canada, Mexico, the U.K., Germany, China, and Japan are also key markets, where distribution operators and service providers are focusing and creating huge prospects in this service industry. Europe and Asia-Pacific are in their growth stage for distribution automation activities; as a result, there are high prospects for this service industry in recent times. Consequently, increasing technologies for reducing power outages and efficiency of the current distribution system is continuously encouraging the need for automation of distribution feeders. Hence, governments, private distribution utilities & service providers, and equipment manufacturers are continuously trying to integrate their existing technologies and develop new ones extensively through R&D, to decrease power failures and impose the effect of using automated distribution feeder systems. This market is dominated by many global players and the rest of the market is fragmented between few regional players, and hence, new product/technology launches is becoming a key strategy for feeder automation service providers and equipment manufacturers.