Distribution Feeder Automation System Market Research Report - Global Forecast till 2030

Distribution Feeder Automation System Market Research Report Information: by Product (Hardware, Software, and Services), Application (Residential, Commercial and Industrial) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2030

ID: MRFR/E&P/7258-HCR | February 2021 | Region: Global | 188 pages         

Distribution Feeder Automation System Market

Distribution Feeder Automation System Market is projected to be worth USD 7.85 Billion by 2030, registering a CAGR of 8.2% during the forecast period (2022 - 2030)

Segmentation

By Product Hardware Software Services
By Application Residential Commercial Industrial

Key Players

  • ABB (Switzerland)
  • Schneider Electric (France)
  • Siemens (Germany)
  • G&W Electric (US)
  • Schweitzer Engineering Laboratories (US)
  • Eaton (Ireland)
  • Advanced Control Systems Inc (US)
  • Cisco (US)
  • Moxa Inc (Taiwan)

Drivers

  • Necessity for utilities to operate continuously
  • Increasing service quality
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Distribution Feeder Automation System Market Scenario


Feeder Automation Market is projected to be worth USD 7.85 Billion by 2030, registering a CAGR of 8.2% during the forecast period (2022 - 2030).


The requirement for utilities to run continuously, thus minimizing downtimes and improving service quality, is one of the key factors encouraging the expansion of the distribution feeder automation systems business. Furthermore, distribution feeder automation systems allow operators to properly detect and repair defects in the distribution network. During the forecast period, this is projected to have a significant impact on the worldwide distribution feeder automation systems market's growth. The advantages of distribution feeder automation systems are driving their demand in the global market, resulting in the system's increasing integration with existing technologies.


Feeder automation for distribution entails integrating automation into distribution feeder systems to improve the efficiency of such utilities' systems. The automation systems for distribution feeders give real-time data for continuous monitoring, allowing operators to improve service quality and reduce downtime. Distribution feeder circuits, automated distribution feeders, and other distribution feeder protection devices are among the various components that make up feeder automation systems.


The primary factors influencing the growth of the distribution feeder automation systems industry is the necessity for utilities to operate continuously, thus reducing downtimes and increasing service quality.  Further, distribution feeder automation systems enable operators to accurately detect faults in the distribution network and restore functioning immediately. This is expected to have a substantial impact on the growth of the global distribution feeder automation systems market during the forecast period. The benefits of the distribution feeder automation systems are driving its demand in the global market, leading to the increasing integration of the system with existing technologies. However, the high cost involved in the initial installation of the system is expected to restrain the adoption rate of distribution feeder automation systems. Further, the complicated procedure of integrating existing infrastructure with automation systems may hinder the growth of the global distribution feeder automation systems market during the forecast period.


Key Players


The Key Players operating in the Global Distribution Feeder Automation Systems Market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), G&W Electric (US), Schweitzer Engineering Laboratories Inc (US), Eaton (Ireland), Advanced Control Systems Inc (US), Cisco (US), Moxa Inc (Taiwan), Crompton Greaves Ltd (India), and General Electric (US)


Industry News



  • In May 2021, Elexicon Energy teamed up with Marshall Homes and Opus' One Solutions to launch Altona Towns, a live smart grid trial town in Canada. The Ontario Ministry of Energy is funding the initiative through the Smart Grid and Grid Innovation programs. The goal of the project is to test, develop, and launch the next generation of technologies that will transform power distribution networks into contemporary, digitally-enabled grids.

  • ABB, Schneider Electric, and Siemens are concentrating their efforts on securing distribution feeder automation contracts and agreements with utility companies. Companies in the worldwide distribution feeder automation systems market invest heavily in research and development to introduce new products to the market and expand their market share. Furthermore, the Distribution Feeder Automation System Market is fiercely competitive, with all competitors vying for a larger slice of the pie.


Many players such as ABB, Schneider Electric, and Siemens are actively focusing on signing contracts and agreements with utility companies to provide distribution feeder automation systems. The companies in the global distribution feeder automation systems market have substantial investments in research & development, to introduce new products in the market and increase their share in the global market. Further, the market is highly competitive with all the players constantly competing to gain a larger market share.    


The Global Distribution Feeder Automation Systems Market has been classified based on Application, Product, and Region. By product, the global market includes hardware, software, and services. The software segment is expected to hold a larger share during the forecast period as many end users are integrating the software with existing infrastructure. Additionally, the software segment is also expected to grow at the fastest rate between 2019 and 2015 due to the increasing adoption of automation technologies in the utility sector. By application, the global market is segmented into commercial, industrial, and residential. The commercial segment is expected to grow with the highest CAGR during the forecast period due to the increasing demand for reliable power supply from the segment.


Feeder automation for distribution involves the integrate automation in distribution feeder systems which enhances the functioning of such systems used by utilities. The distribution feeder automation systems provide real-time data for continuous monitoring, which allows operators to enhance service quality and reduce downtimes. Feeder automation systems consist of many integral components including distribution feeder circuits, automated distribution feeder, and other distribution feeder protection devices.


The Global Distribution Feeder Automation Systems Market is expected to grow at 8.2% CAGR during the forecast period.


Market Segmentation  Distribution Feeder Automation Systems Market


The global market for distribution feeder automation systems is expected to witness high growth during the forecast period due to the increasing integration of automation systems in developing countries. 


On the basis of region, the global market for distribution feeder automation systems is segmented into Asia-Pacific, Europe, North America, the Middle East & Africa, and South America. North America holds the largest distribution feeder automation systems market share due to an increase in demand for continuous and reliable power supply in the region. The distribution feeder automation systems market is expected to grow at the fastest pace in Asia-Pacific, primarily due to the growing demand for electricity in the region. Demand for energy is growing in the region primarily due to developing countries such as China and India, where industrial output has been growing at a tremendous rate in the last five years and is expected to continue its growth during the forecast period.


Intended Audience



  • Government and research organization

  • Consulting companies in the distribution feeder automation systems market

  • Raw material suppliers

  • Research consultants

  • Investors and shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2030: USD 7.85 Billion
  • 2030 : Significant value
  •   CAGR   8.2% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product and Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   ABB (Switzerland), Schneider Electric (France), Siemens (Germany), G&W Electric (US), Schweitzer Engineering Laboratories Inc (US), Eaton (Ireland), Advanced Control Systems Inc (US), Cisco (US), Moxa Inc (Taiwan), Crompton Greaves Ltd (India), and General Electric (US).
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Necessity for utilities to operate continuously
  • Increasing service quality


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    Frequently Asked Questions (FAQ) :

    Feeder Automation Market is projected to be worth USD 7.85 Billion by 2030

    At 8.2% CAGR, the global distribution feeder automation system market will witness its optimum growth.

    The global distribution feeder automation system market’s forecast period is from 2022 to 2030.

    ABB, Schneider Electric, and Siemens are actively focusing on keeping shares high of the global distribution feeder automation system market.

    Application and product are the segments of the global distribution feeder automation system market as studied in research.