Distribution Automation Market Size to Grow at a CAGR of 7.50% in the Forecast Period of 2023-2028

Distribution Automation Market Size to Grow at a CAGR of 7.50% in the Forecast Period of 2023-2028

August 23, 2023

The ‘Global Distribution Automation Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global distribution automation market, assessing the market on the basis of its segments like components, technologies, types of utilities, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Distribution Automation Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 7.50%
• Forecast Market Size (2028): Nearly USD 19.53 Billion

A major driver of the global distribution automation market is the rising demand for electricity. This prompts utility companies to incorporate efficient methods for electricity distribution and increase investments in grid infrastructure. The automation system also deploys advanced technologies like smart meters and communication networks to improve the operational efficiency of power distribution systems. Besides, the rising energy demand from the residential, commercial, and industrial sectors is anticipated to further spur the market for distribution automation in the forecast period.

Another factor driving the global distribution automation market growth is the significant expansion of public utilities. Distribution automation solutions can measure, control, supervise, and monitor electricity loads while optimising asset and distribution. Moreover, growing government funding aimed at surging the accuracy of feeder switching, voltage monitoring, and fault detection, among others, is likely to fuel the market demand in the coming years.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/distribution-automation-market/requestsample

The implementation of field devices for optimising operational control, efficient monitoring, and automation of power grids is a significant global distribution automation market trend. Field devices collect real-time data about electricity parameters such as current, voltage and status of the equipment and grids, which is crucial for the smooth functioning of power distribution systems. Moreover, they eliminate power outages and voltage fluctuations to maintain a seamless power supply. They also integrate distribution automation with smart technologies such as energy storage and advanced metres, consequently improving the reliability of the system.

The deployment of renewable energy sources such as wind and solar power is expected to positively influence the market growth. The automation of these energy sources eases the operational tasks while providing real-time data, monitoring, and remote-control features. Furthermore, the growing environmental awareness has led to increased implementation of renewable energy sources in power supply and distribution, fuelling the global distribution automation market growth.

Distribution Automation Industry Definition and Major Segments

Distribution automation, also referred to as feeder automation, is the automation of the power distribution which facilitates the remote operation, coordination, and monitoring of the system. The system uses devices and functionalities such as advanced communication networks and sensors, among others, to operate and improve the efficiency of power supply.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/distribution-automation-market

On the basis of component, the market is classified into:

• Field Devices
• Software
• Services

Based on technology, the market is segmented into:

• Wired Communication Technology
• Wireless Communication Technology

On the basis of type of utility, the market is categorised into:

• Private Utility
• Public Utility

Based on region, the market is divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Distribution Automation Market Trends

A key trend propelling the growth of the global distribution automation market is advancements in IoT (internet of things) and enhanced communication processes. IoT supports seamless connectivity and real-time monitoring of distribution automation solutions such as switches and sensors. It also assists operators to use advanced analytics for improving the efficiency of the network. Moreover, IoT-enabled systems can detect any malfunctions and equipment failures, supporting operators to provide timely maintenance and improve the efficiency of distribution systems.

Another crucial trend that favours the global distribution automation market is the modernisation of grid infrastructure. The better load balancing, power quality, and regulation of voltage of such infrastructure also surge the requirement for the automation system. Furthermore, the modernisation of grids is boosting the usage of automation systems to reduce overall energy losses, maintain a better communication network, and minimise the risk of equipment malfunction. This can also cut the maintenance cost, improve performance, and extend the lifespan of power grids.

The Asia Pacific accounts for a substantial share of the global distribution automation market owing to increased investments in the development of power grids. Furthermore, rapid industrialisation has also led to a rise in the demand for systems that can optimise energy distribution. Moreover, the rising trend of clean energy leads to the implementation of automation distribution systems to regulate power consumption and conserve energy.

Several government initiatives aimed at expanding and modernising grids amid the rising population are also expected to bolster the market. Meanwhile, Europe is expected to foresee sizeable growth in the forecast period owing to the initiation of grid projects and increased investments in assets and smart grids.

Key Market Players

The major players in the global distribution automation market report are

• ABB Ltd
• Siemens AG
• Schweitzer Engineering Laboratories, Inc.
• Schneider Electric SE
• S&C Electric Company
• Landis+Gyr AG
• General Electric Company
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

South Korea Food Preservative Market: https://www.expertmarketresearch.com/reports/south-korea-food-preservative-market

South Korea Fast Food Market: https://www.expertmarketresearch.com/reports/south-korea-fast-food-market

South Korea Clothes Market: https://www.expertmarketresearch.com/reports/south-korea-clothes-market

South Korea Anxiety Disorder and Depression Market: https://www.expertmarketresearch.com/reports/south-korea-anxiety-disorder-and-depression-market

Chile Pet Care Market: https://www.expertmarketresearch.com/reports/chile-pet-care-market

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Alex Parker, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

Add a comment

Your email address will not be published. Required fields are marked *

QAS Autos is a multi service company that was established in 2012 and has expanded its business across various countries. We provide the inventory, parts and service under one roof. We also provide shipping, container loading, half and full cut of vehicles.
Copyright © 2021. All rights reserved.