As stated in our extensive report; the Global Distribution Automation Market accounted forUSD 11.2 Billionin 2021.
The Distribution Automation Market faced a considerable revenue loss during COVID-19. The pandemic has compared the imposition of lockdown with several restrictions, which led to a disrupted supply chain—resulting in less production and manufacturing. As a result, the Distribution Automation Market player had difficulty getting raw materials and requirements for product production. This led the distribution automatic system market to meet huge global losses during the COVID-19 period. However, the market is expected to grow more in the post-COVID-19 period.
Distribution Automation includes a variety of several hardware and software devices. These systems provide fault detection and voltage regulation and improve grid and operational efficiency. The Global Distribution Automation Market is estimated to grow due to the increasing surge in these several factors.
The requirement of improvised grid reliability and operational efficiency are market trends anticipated to drive the Distribution Automation Market. The Distribution Automation Market is segmented into software, services, and field devices. Among these, the field device segment is estimated to gain more popularity in the shortest period. Based on communication technology, the Distribution Automation Market is of two types that are wired and wireless. The wireless system segment is anticipated to take the largest share in the automation system market growth type, with the fastest growing compound annual growth rate in the forecasted period. The Global Distribution Automation Market is expected to attract many competing market players owing to the increasing demand for this Distribution Automation.
The Global Distribution Automation Market based on the region is divided into and the rest of the world. However, the has been dominating the Distribution Automation Market over the past few years and is expected to grow more in the future. Furthermore, the Distribution Automation Market is estimated to grow in the forecasted period owing to increasing investments made by government and private organizations and increasing demand for Distribution Automation. Therefore, the Distribution Automation is estimated to grow at an exponentially rising compound annual growth rate in the region.
Some of the prominent players in the Global Distribution Automation Market include- GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), Landis & Gyr (Switzerland), Hubbell (US), CE Power Engineered Services (US), S&C Electric Company (US), Eaton (Ireland), Schweitzer Engineering Laboratories (US), G&W Electric (US), Xylem (US), Beckwith Electric (US), Toshiba (Japan), Mitsubishi Electric (Japan), Minsait ACS (US), Ingeteam (US), Kalkitech (India), Trilliant Holdings (US) and others.