About Automation Solutions in Power IndustryAutomation solutions enable operators and utilities to manage the load on the grid actively. Utilities can also leverage the information obtained from the power grid through these automation solutions, make instant changes to optimize grid conditions, and avoid events that may trigger grid failure. Technavio's analysts forecast the global automation solutions in power industry to grow at a CAGR of 5.68% during the period 2016-2020. Covered in this reportThe report covers the present scenario and the growth prospects of the global automation solutions in power industry 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of hardware, software licenses, renewal of software licenses, upgrades of existing solutions, and maintenance and services in the power industry. The market is divided into the following segments based on geography: Technavio's report, Global Automation Solutions Market in Power Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors- ABB
- Honeywell
- Emerson Electric
- Schneider Electric
- Siemens
Other Prominent Vendors- FANUC
- GE
- Hitachi
- IDEC
- Koyo Electronics
- Mitsubishi Electric
- Omron
- Parsec Automation
- Yokogawa
Market driver- Rise in investments in smart power grids
- For a full, detailed list, view our report
Market challenge- High cost of upgrading to smart grids
- For a full, detailed list, view our report
Market trend- Adoption of IoT in power industry
- For a full, detailed list, view our report
Key questions answered in this report- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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