Utility Automation Market Share by Size, Share, Growth Trends, and Forecast Analysis 2023

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Utility Automation Market Share by Size, Share, Growth Trends, and Forecast Analysis 2023

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Utility Automation Market

Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2023

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The power utilities worldwide are facing the problems of aging infrastructures and transmission losses. These utilities also have the burden of meeting the increasing consumer expectations and regulatory policies of the governments.

The complicated transmission systems used in these facilities are not suitable for adapting to sustainable energy and smart grid technology.

In some of the developing countries of Asian region and Latin America, the transmission loses are more than 15%. With increasing population and energy demand, the above factors have resulted in decreased efficiency for power utilities.

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The utility automation includes various technology through which the transmission systems are made capable to meet the emerging market demands.

Reliable transmission, prompt customer service, efficient controlling techniques are some of the needs met by utility grid automation.

The automation has also facilitated the two way communication, security enhancement and asset management for the customers.

The utility grid automation’s market can be segmented on the basis of the services and technologies.

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Utility Automation Market technological growth

The above technologies cover all the dimensions of utility transmission and distribution network.

Advanced Metering Infrastructure (AMI) provides real time data to the supplier and user about the power consumption.

This data helps in making informed choices for energy saving. Automatic Vehicle Location (AVL) is used to determine the geographic location of the vehicle similar to GPS.

These systems help in maximizing the safety of the employees and supports in time services for the customers.

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Some of the major players

Schweitzer Engineering Laboratories, Inc.

Schneider Electric

S&C Electric Company

NovaTech, LLC

Landis+Gyr, Itron

Infrax Systems

Alstom Sa

ABB, Eaton

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