Global and United States Digitalization of Power Distribution Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States Digitalization of Power Distribution Market
This report focuses on global and United States Digitalization of Power Distribution market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Digitalization of Power Distribution market size is estimated to be worth US$ 33910 million in 2022 and is forecast to a readjusted size of US$ 67660 million by 2028 with a CAGR of 12.2% during the review period. Fully considering the economic change by this health crisis, by Type, Equipment accounting for % of the Digitalization of Power Distribution global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Industrial Equipment was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The key players of Global Digitalization of Power Distribution include HITACHI ABB POWER GRIDS, Schneider, Siemens, etc. These top three companies hold a market share about 60%. Europe is the major producing region in the world. In terms of application, the product is most widely used in industrial equipment, followed by the data center.
Global Digitalization of Power Distribution Scope and Market Size
Digitalization of Power Distribution market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Digitalization of Power Distribution market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Digitalization of Power Distribution market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Equipment
Software
Segment by Application
Industrial Equipment
Building & Construction
Data Center
Rail
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Chinese Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
HITACHI ABB POWER GRIDS
Schneider
Siemens
Legrand
CHINT
Shanghai Liangxin Electrical
Changshu swItchgear mfg.
Suzhou Wanlong Electric
Xiamen Minghan Electric