Share
Distribution Automation Market; Segmented By Component (field devices, software’s and services); By Technology Communication (wireless and wired); By utility (public and private) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
[170+ Pages Research Report] Distribution automation market 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.
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.
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.
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.
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.
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.
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.
General Electric Company
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:
Distribution automation market segments:-
By Component:
Field Devices
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
