ID: MRFR/E&P/7113-HCR | February 2021 | Region: Global | 111 pages
The distribution automation industry comprises different hardware and software devices, through which a utility can collect, analyze, automate, and optimize data to improve the operational efficiency of its distribution automation system. Various hardware and software devices include sensors, processors, switches, and information & communication network devices. These devices also ensure proper supervision, monitoring, and control of electrical loads on power distribution systems. Some of the critical functions of distribution automation include asset optimization, demand optimization, distribution optimization, and distribution control analysis. These functions are sometimes performed in the distribution centers and are commonly known as distribution center automation.
The Global Distribution Automation Market size is projected to reach USD 19.42 Billion by 2025, with 7.31% CAGR between 2019 and 2025.
The major factors driving the growth of the global distribution automation market include the upgrade of aging power distribution infrastructure, increasing renewable power generation, and need for energy efficiency, protection, and immediate fault detection in power distribution networks. Moreover, the increasing demand for intelligent and modernized power distribution infrastructure is likely to create opportunities for the global distribution automation market. According to the Bloomberg New Energy Finance (BNEF), in 2018, investment in clean technologies reached USD 138.2 Billion, which has increased the demand for electricity. This is expected to drive the global distribution automation market during the forecast period.
Major players such as ABB, GE, and Siemens are actively focusing on entering into contracts with utilities to provide smart power automation. For instance, in May 2018, Siemens signed a contract with BKW to install a cloud-based meter data management system for the analysis of power consumption data. Hence, a significant increase in contract & agreement propel the demand for distribution automation in the global market during the forecast period.
The Global Distribution Automation Market is segmented based on component and utility type. By component, the global market includes field devices, software & services, and communication technology. The field device segment is expected to hold the largest share as these field devices are uniformly distributed within the distribution network to ensure timely data transmission and system integrity. By utility type, the global market is divided into private and public. The public segment is expected to grow with the highest CAGR during the forecast period as these utilities are government-owned and are offered grants by the government.
The Global Distribution Automation Market is expected to grow at 7.31% CAGR during the forecast period.
The Global Distribution Automation Market is expected to witness high growth during the forecast period owing to the need to upgrade the aging distribution infrastructure and increasing renewable power generation.
By region, the distribution automation market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. North America dominated the distribution automation in terms of market share owing to an increase in unconventional resources from the US and Canada. According to the Congressional Research Service, The Smart Grid: Status and Outlook 2018, the total spending in the US for distribution automation smart-grid technology by the electricity industry is expected to reach approximately USD 46 billion between 2019 and 2030. The investment in smart grid technology directly drives the distribution automation market as the distribution automation technologies play a vital role in the entire power distribution network.
The Key Players operating in the Global Distribution Automation Market are ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Xylem (Sensus) (US), S&C Electric (US), G&W Electric (US), Schneider Electric (France), GE (US), Schweitzer Engineering Laboratories (US), Power System Engineering (US), Landis+Gyr (Switzerland), Cisco (US), and Trilliant Holdings Inc. (US).
Frequently Asked Questions (FAQ) :
The distribution automation market is supposed to strike 7.31% CAGR.
The value of the distribution automation market is supposed to reach USD 19.42 Bn.
The players operating in the market are ABB (Switzerland), Eaton (Ireland), Siemens (Germany), Xylem (Sensus) (US), G&W Electric (US), S&C Electric (US), Schneider Electric (France), Schweitzer Engineering Laboratories (US), GE (US), Power System Engineering (US), Cisco (US), Landis+Gyr (Switzerland), and Trilliant Holdings Inc. (US).
The segments of the distribution automation market based on component are software & services, field device, and communication technology.
By utility type, the segments are wired technology and wireless technology.