Digitalization of Power Distribution Market - Global Outlook and Forecast 2023-2028

Report ID: 1077647 | Published Date: Jan 2025 | No. of Page: 67 | Base Year: 2024 | Rating: 4.7 | Webstory: Check our Web story

Digitalization of Power Distribution means that electrical systems can be upgraded using smart equipment and energy and distribution management software to improve energy efficiency and reduce risk. In the digital trend, more and more industries have realized the benefit improvement of production, operation and management through the Internet of Things, and the key equipment of power distribution system, such as circuit breakers and transformers, supports the Internet of Things.
This report contains market size and forecasts of Digitalization of Power Distribution in Global, including the following market information:
Global Digitalization of Power Distribution Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Digitalization of Power Distribution market was valued at 30820 million in 2021 and is projected to reach US$ 66760 million by 2028, at a CAGR of 11.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Equipment Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Digitalization of Power Distribution include HITACHI ABB POWER GRIDS, Schneider, Siemens, Legrand, CHINT, Shanghai Liangxin Electrical, Changshu swItchgear mfg., Suzhou Wanlong Electric and Xiamen Minghan Electric. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Digitalization of Power Distribution companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digitalization of Power Distribution Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Digitalization of Power Distribution Market Segment Percentages, by Type, 2021 (%)
Equipment
Software
Global Digitalization of Power Distribution Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Digitalization of Power Distribution Market Segment Percentages, by Application, 2021 (%)
Industrial Equipment
Building & Construction
Data Center
Rail
Global Digitalization of Power Distribution Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Digitalization of Power Distribution Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Digitalization of Power Distribution revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Digitalization of Power Distribution revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
HITACHI ABB POWER GRIDS
Schneider
Siemens
Legrand
CHINT
Shanghai Liangxin Electrical
Changshu swItchgear mfg.
Suzhou Wanlong Electric
Xiamen Minghan Electric

Frequently Asked Questions
Digitalization of Power Distribution Market In Global report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Digitalization of Power Distribution Market In Global report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Digitalization of Power Distribution Market In Global report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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