Distribution automation market Size
[170+ Pages Research Report] to surpass USD 17.8 billion by 2030 from USD 9.6 billion in 2021 at a CAGR of 7.10% throughout the forecast period 2021-30.
Distribution automation refers to a solution that includes a set of intelligent processors, communication technologies, and sensors that enable monitoring, controlling, protecting, and maintaining the distribution network. It is an integral part of the smart grid systems and provides benefits of efficiency and reliability of operations within the grid. Distribution automation is mainly categorized into two areas including customer-end automation and distribution substation and feeder automation which helps in optimizing a utility’s operations and directly improves the reliability of its distribution power system.
Market Highlights
The distribution automation market size grew to USD 9.6 billion in 2021 at a CAGR of 7.10% during the forecast period. An increase in the share of a generation of renewable energy and the need for improvement in grid reliability as well as operating efficiency and increasing investments to upgrade old grid infrastructure are reasons for the growth of the market.
Recent Highlights in the Distribution automation market
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In March 2020, ASEA Brown Boveri introduced an upgraded version of the REX640 protection relay which enhanced the communication security and flexibility in advanced power generation and distribution applications.
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In September 2019, Tozzi Electrical Equipment was acquired by G&W Electric to expand its markets outside North America and also enhance its power grid solutions portfolio.
- In September 2019, Matlab and Schneider Electric entered into an agreement in which Schneider Electric’s medium voltage equipment was integrated with Meglab’s low voltage package to offer more flexible, customizable, and efficient power and automation solutions for customers across various industries.
Distribution automation market: Segments
The distribution automation market can be segmented based on components, communication technology, utility, and region.
By Component, it can be further segmented into field devices, software, and services. Field devices can be sub-categorized into Smart Relays, Automated Capacitors, Remote terminal units, Transformer Monitors, Remote Fault indicators, Automated Feeder Monitors, Smarts Relays, and Automated Feeder Switches. Here, field devices are likely to dominate the segment as they help grid operations in terms of reliability, voltage, and reactive power management.
Technology Communication can be further segmented into Wireless and Wired. Wireless can be further sub-categorized into Cellular Frequency Mesh, WiMAX, and Cellular Networks while the Wired segment can be sub-divided into IP, Ethernet, Fiber Optic, and Powerline Carrier. Wireless technology reduces maintenance costs, as well as its easy accessibility of data, which will increase the growth of this segment.
By Utility, it can be further segmented into Public and Private. The public segment is expected to dominate the utility segment due to its ever-increasing number of publicly owned electric utilities.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Distribution automation market: Drivers and Restraints
Drivers
An increase in the share of a generation of renewable energy and the need for improvement in grid reliability as well as operating efficiency and increasing investments to upgrade old grid infrastructure are the key drivers for the growth of the distribution automation market. Internet of things and communication technologies are experiencing radical advancements which is a solid foundation to build the future of the automation distribution market. Furthermore, advancement in technology leads to lower cost of maintenance and high efficiency which can be a growth driver for the market.
Restraint
Lack of awareness in underdeveloped and developing economies acts as a restraint in the distribution automation market. Furthermore, technical issues along with the high cost of deployment are also anticipated to hinder the market growth.
Distribution automation market: Key players
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General Electric Company
- Business Strategy
- Key Product offerings
- Financial performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Siemens AG
- ASEA Brown Boveri
- General Electric Company
- Schneider Electric SE
- Landis+Gyr
- Power System Engineering
- S&C Electric Company
- Cisco Systems, Inc.
- Xylem Inc.
Distribution automation market: Regions
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
APAC is forecasted to have the highest distribution market in the forecasted period due to the increased demand for distributed automation for high investments in smart grid projects and also its movement towards clean energy sources.
The distribution automation market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
The Distribution automation market report also contains an analysis on:
Distribution automation market segments:-
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By Component:
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Field Devices
- Remote Fault Indicators
- Smart Relays
- Automated Feeder Switches
- Automated Capacitors
- Automated Voltage Regulators
- Automated Feeder Monitors
- Transformer Monitors
- Remote Terminal Units
- Software
- Services
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- By Communication Technology:
- Wireless
- Radio Frequency Mesh
- Cellular Networks
- WiMAX
- Wireless
- Wired
- Fiber Optic
- Ethernet
- Powerline Carrier
- IP
- By Utility:
- Public
- Private
- Cloud Managed Services Market dynamics
- Cloud Managed Services Market size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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