Aging Power Infrastructure to enable Global Electric Power Distribution Automation Systems Market Growth Opportunities Inkwood Research estimates that the Global Electric Power Distribution Automation Systems Market is predicted to rise with a CAGR of 6.59% in terms of revenue over the forecasting years of 2022-2030. Distribution automation systems (DAS) offer enhanced situational awareness, intelligent controls, sensors, and communication. Also, these systems aid in stabilizing the distribution grids that handle a large amount of decentralized power generation plants. Whereas electric power distribution automation systems help manage, analyze, and collect electricity distribution.
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Aging Power Infrastructure offers Growth Opportunities The aging infrastructure is a major factor projected to have damaging impacts on the power industry. The aging energy generation & distribution infrastructure has emerged as an impending challenge. Accordingly, investments are being directed to infrastructure replacement or upgradation. Additionally, automation is playing a central role in profiting the distributed energy, given the modernization of aging infrastructure. Besides, a stable and constant energy supply is vital to economic progress, stability, and social well-being. At the same time, the existing infrastructure in several parts of the world is not equipped to handle the rising power demands or maintain the variable electricity offered by renewable energy sources. As a result, it has become necessary to improve the electricity grid. This is also due to the power