Autonomous Power Distribution System Market Analysis, Size and Economic Growth Report By 2028

11th July 2019 – The global autonomous power distribution system market is expected to grow at a higher CAGR during the forecast period. Electricity supply is one of the crucial utilities that contribute to the nation’s economic growth. It requires a robust infrastructure that supports other operation of critical infrastructures further contributing to the well-being of a nation. It is thus important to design autonomous reconfigurability and resiliency in the electric power grid to protect from natural or man-made disasters. A basic way to assure endurance to the power grid systems is to enable a small and autonomous subsets of the larger grid.

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Autonomous power distribution system market is globally driven by changing competitive landscape for power supply scenarios in the regional market. In addition, government subsidies for power generation units is helping the market growth. Moreover, rise in adoption of data culture in organizations demands setting up of a robust data center with 24*7 connected to the power grids. However, significant costs and dearth of technical competence might hamper the market growth during the forecast period.

By type, market is segmented as solar generator, charge control regulator and rechargeable battery. Application segment is categorized as electric appliances, industrial, healthcare and vehicles. Direct and Indirect channels constitute as sales channel for autonomous power distribution system industry.

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Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe market is more likely to enjoy a higher CAGR during the forecast period. Presence of data centers and availability of continuous power supply is likely to propel the market growth. Asia-Pacific regions are anticipated to register a higher CAGR during the forecast period due to rise in emphasis on data culture and data-driven organization. The key players profiled in autonomous power distribution system market report are GE, Siemens, SunWize, SAPsystem Ltd and Novatech GmbH.

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