Global Industry Analysts Predicts the World Distribution Automation Market to Reach $17.6 Billion by 2026

SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Distribution Automation - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 22271
Companies: 19 - Players covered include ABB Group; Cisco Systems, Inc.; Eaton Corporation PLC; G&W Electric Company; General Electric Company; Landis+Gyr AG; Power System Engineering, Inc.; S&C Electric Company; Schneider Electric SE; Schweitzer Engineering Laboratories; Siemens AG; Xylem, Inc. - Sensus and Others.
Coverage: All major geographies and key segments
Segments: Component (Field Device, Software & Services, Communication Technology)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Distribution Automation Market to Reach $17.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Distribution Automation estimated at US$12.3 Billion in the year 2020, is projected to reach a revised size of US$17.6 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. Field Device, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$9.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Services segment is readjusted to a revised 5.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.9 Billion in 2021, While China is Forecast to Reach $3.1 Billion by 2026
The Distribution Automation market in the U.S. is estimated at US$3.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2026 trailing a CAGR of 5.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Communication Technology Segment to Reach US$3 Billion by the year 2026
In the global Communication Technology segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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