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Digitalization of Power Distribution Market Size and Share Estimation 2023-2031 | Regional Overview, Growth Opportunity, Business Prospect and New Challenges

Digitalization of Power Distribution Market

Digitalization of Power Distribution Market


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 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 USD 33910 million in 2022 and is forecast to a readjusted size of USD 67660 million by 2028 with a CAGR of 12.2% during the review 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.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.

Major players covered in Digitalization of Power Distribution Market are:

  • HITACHI ABB POWER GRIDS
  • Schneider
  • Siemens
  • Legrand
  • CHINT
  • Shanghai Liangxin Electrical
  • Changshu swItchgear mfg.
  • Suzhou Wanlong Electric
  • Xiamen Minghan Electric

Market Segment by Type:

  • Equipment
  • Software

Market Segment by Application:

  • Industrial Equipment
  • Building & Construction
  • Data Center
  • Rail

The comprehensive report includes comprehensive analysis of the Digitalization of Power Distribution market to help businesses make the best decisions.

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