Distribution Automation Market
Distribution Automation Market Global Industry Assessment & Forecast
- By Components Field Devices, Software, Services
- By Communication Technology Wireless, Wired
- By Utility Public, Private
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 11.2 Billion|
|Revenue 2028:||USD 16.9 Billion|
|Revenue CAGR (2022 - 2028):||7.2%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The Global Distribution Automation Market was valued at USD 11.2 Billion in 2021 and is forecast to reach a value of USD 16.9 Billion by 2028. In the projection period, the Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.2%.
All aspects of Distribution Automation are monitoring, safeguarding, managing, and maintaining the distribution network. Distribution Automation can display real-time operating notifications for switches, fault detectors, capacitor bank controllers, voltage regulators, and other distribution grid components. The Distribution Automation (DA) combines these notifications with consumer transactions and transmission systems and distributes them to the other intelligent field devices. The two main drivers anticipated propelling the growth of the Global Distribution Automation Market are rising renewable energy production and modernizing aging distribution infrastructure. The demand for power distribution network protection, energy efficiency, and quick fault detection is fueling the global market's expansion. Key aspects promoting industry growth include islanding operation, excellent reliability, self-healing, and improved operational performance. The market for Distribution Automation may also benefit from rising distributed energy generation in developing nations like India.
Distribution Automation Market Size, 2021 To 2028 (USD Billion)
On the other hand, the market's expansion is constrained by the high initial installation costs associated with installing Distribution Automation systems. Furthermore, the likelihood of cyberattacks is another significant element that makes end consumers nervous. Therefore, these factors can hinder the Distribution Automation Market expansion during the anticipated period.
The Distribution Automation Market is segmented based on Components, Communication Technology, Utility, and Region. Based on the Components, the market is further segmented into Field Devices, Software, and Services. Furthermore, based on the segment of Communication Technology, the market is further bifurcated into Wireless and Wired. In addition, based on Utility, the market is further divided into Public and Private.
Below tree is interactive. You can click the nodes to get more information.
Based on Components:
The Field Device category dominated the market in 2021. During the projection period, the field device segment is anticipated to have the most outstanding market share. Field devices support grid operators in terms of efficiency and outage management, voltage and reactive power control, asset safety management, and the use of distributed energy services. The market is expanding due to the constant deployment of these units by the current distribution networks. Furthermore, due to the rising technical improvements, such as the Internet of Things (IoT) and communication systems, and the increasing expansion of the company's potential, the software segment is anticipated to rise rapidly throughout the forecast period.
Based on Utility:
The Public category dominated the market in 2021. Due to the growing number of publicly owned electric utilities worldwide, the Public Distribution Automation industry is anticipated to experience significant growth. The government's assistance to Public Utilities is another factor that will likely contribute to the sector's growth. Furthermore, during the market forecast period, the private utility sector is anticipated to develop at a higher rate. The rise in funding provided by the government for these systems is blamed for the growth. Due to rapid urbanization, strong power demand is also seen in countries like China and India. This driving force behind the market growth for the category is luring investors to put money into Distribution Automation (DA) systems.
Asia Pacific is projected to grow at the highest CAGR during the forecast period
The Asia Pacific is expected to grow at a considerably high Compound Annual Growth Rate (CAGR) during the forecast period. The region is expected to experience increased popularity for DA arrangements due to increased interest in innovative network developments. Large-scale growth is driven by countries like Australia, China, and Japan in the neighborhood. In addition, factors like rapid industrialization and a growing drive toward clean energy to meet rising energy needs are expected to impact the region's market development significantly.
- In June 2021, to promote modernization, continuous improvement, corporate visibility, and scalability with new cloud-based predictive analytics, GE announced adding Proficy operations analytics to its market-leading Proficy suite of software solutions. A self-provisioning, ready-to-deploy SaaS-based predictive operations center for Artificial Intelligence (AI) and Industrial Internet of Things (IIoT), Proficy operations analytics.
- In March 2020, the REX640 protection relay was updated by ABB Switzerland, enhancing communication security and adaptability in the power generation and distribution sectors.
The key 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.
Segmentation of the Global Distribution Automation Market:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
The global Distribution Automation valued at USD 11.2 Billion in 2020 and is expected to reach USD 16.9 Billion in 2028 growing at a CAGR of 7.2%.
The prominent players in the market are 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).
The market is project to grow at a CAGR of 7.2% between 2021 and 2028.
The driving factors of the Distribution Automation include
- Need for improved grid reliability and operating efficiency
Asia Pacific was the leading regional segment of the Distribution Automation in 2020.