Distribution Automation Market Forecast to Surpass $36.5 Billion by 2029 with a CAGR of 13.6%

According to a research report "Distribution Automation Market by Offering (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless), Utility (Public Utilities, Private Utilities) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global distribution automation market is estimated to be valued at USD 19.3 billion in 2024 and is projected to reach USD 36.5 billion by 2029; growing at a CAGR of 13.6% during the forecast period. Distribution automation (DA) refers to a collection of technologies, strategies, and practices used by electric utilities to improve the efficiency, reliability, and safety of their power distribution networks. It essentially involves automating various tasks and processes within the distribution system.

The distribution automation market has promising growth potential due to the factors such as increase in need to optimize power distribution, reduce energy waste and improve system performance & increase in need for the integration of renewable energy sources.

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Field Devices segment expected to dominate distribution automation market, by offering, during the forecast period

The distribution automation market, by offerings, are divided into field devices, software & services. With respect to the distribution automation market, the field devices sector is the largest. The benefits it provides is the ability to remotely monitor distribution power grids to shorten the length of power outages, are responsible for its significant market dominance. Equipped with digital controls, switches, and sensors, they automate various electricity delivery functions.

Wireless to witness fastest growth rate in distribution automation market, by communication technology, during forecast period

The distribution automation market, by communication technology, is divided into wired and wireless. Wireless is the fastest-growing segment in Electricity Distribution Automation by communication technology, owing to rising need for real-time data interchange and data-driven decisions. Wireless communication technology also allows information to be transferred over long distances without the use of electrical lines or conductors, providing secure transmission while being cost-effective.

Private utilities to witness fastest growth rate in distribution automation market, by utility, during forecast period

The distribution automation market, by utility, is divided into private utilities and public utilities, wherein public segment accounts for the largest share. Private is fastest growing segment during the forecast period, the growth is attributed to private companies investing in advanced metering infrastructure, artificial intelligence, and smart grid infrastructure to improve reliability, faster complaint resolution, and real-time energy consumption. With increasing demand and technical developments, the government is looking to private partners to help with power distribution. Private players are viewed as valuable contributions to the sector due to their increased efficiency and experience. Private businesses may greatly contribute to the country's energy infrastructure by collaborating with the government on the Public-Private Partnership model, making distribution more cost-effective and accessible to all.

Middle East & Africa to be fastest-growing distribution automation market during forecast period

In this report, the distribution automation market has been analyzed for five regions, namely, Asia Pacific, North America, Europe, South America and Middle East & Africa. The Middle East and Africa emerge as the most rapidly advancing region in the market, projected to achieve a CAGR of 20.9% during the forecast period from 2024 to 2029. This growth is attributed to several factors, including the expansion of the industrial sector, initiatives to electrify smart cities like NEOM, government efforts to develop smart grid infrastructure, and projects focusing on electrifying rural and remote areas. Moreover, key players such as ABB, Schneider Electric, and Siemens are actively investing in the region to bolster their market presence and capitalize on the rising demand for distribution automation technologies.

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Some of the major players in the distribution automation market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Eaton (Ireland), and General Electric Company (US). Other major players include S&C Electric Company (US), Toshiba (Japan), Landis+Gyr (Switzerland), Itron Inc (US), Hubbell (US), Xylem (US), Schweitzer Engineering Laboratories, Inc. (US) and G&W Electric (US). The major strategies adopted by these players include new product launches, contracts, agreements, partnerships, and expansions.

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Distribution Automation Market Segmentation, Application, Technology, Analysis Research Report and Forecast to 2027

 

According to a research report "Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired Communication Technology, Wireless Communication Technology), Utility (Public, Private) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global distribution automation market is estimated to be valued at USD 15.8 billion in 2022 (estimated year) and is projected to reach USD 28.1 billion by 2027 (forecast year); growing at a CAGR of 12.2% during the forecast period.

The distribution automation market has promising growth potential due to the rising deployment of smart grid technologies and increasing demand for the electricity in remote areas.

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Field Devices segment expected to dominate distribution automation market, by component, during the forecast period

The field devices segment holds the largest share of the distribution automation market. The large market share can be attributed to the advantage it offers such as the remote monitoring of distribution power grids to reduce the duration of power outages in Asia Pacific and Africa.

Wireless communication technology to witness fastest growth rate in distribution automation market, by communication technology, during forecast period

The distribution automation market, by communication technology, is divided into wired communication technology and wireless communication technology, wherein wireless communication technology accounts for the fastest growing with a higher CAGR. The growth is attributed to increase in government initiatives and technological advancements pertaining to distribution automation to improve and maintain high levels of service reliability and operating efficiency.

Private utility to witness fastest growth rate in distribution automation market, by utility, during forecast period

The distribution automation market, by utility, is divided into private and public, wherein public segment accounts for the largest share. Private is fastest growing segment during the forecast period, the growth is attributed to increase in government support by funding towards private players.

Asia Pacific to be fastest-growing distribution automation market during forecast period

In this report, the distribution automation market has been analyzed for five regions, namely, Asia Pacific, North America, Europe, South America and Middle East & Europe. North America is a significant contributor to the distribution automation market in the current scenario owing to the rapidly increasing cost-competitiveness of electricity, which enable consumers to have access to clean fuel through distributed energy sources.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of a few of the top players in the distribution automation market.

A few of the key players include ABB (Switzerland), General Electric (US), Eaton (Ireland), Schneider Electric (France), and Siemens (Germany).

Other dominant players include Landis+Gyr (Switzerland), Itron Inc (US), Hubbell (US), Xylem (US), Schweitzer Engineering Laboratories, Inc. (US), G&W Electric (US), S&C Electric Company (US), and Toshiba (Japan).

Distribution Automation Market Segmentation, Application, Technology, Analysis Research Report and Forecast to 2025

According to the new market research report "Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region - Global Forecast to 2025", size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025. The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are major factors driving the growth of this market.

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Public utility segment estimated to hold a larger share of the distribution automation market than the private utility segment during the forecast period

The distribution automation market has been segmented based on utility into public and private. The public utility segment accounted for a larger market share in 2019. Public utilities are undertaking initiatives to adopt new advanced technologies due to increased regulation and evolving customer preferences.

Wireless segment projected to register a higher CAGR than the wired segment during the forecast period

Based on communication technology, the market has been segmented into wired and wireless. The wireless segment is expected to witness a higher CAGR during the forecast period. Distribution automation uses wireless communication due to its ease in accessibility and increased efficiency. This wireless communication technology provides integral support to the utilities by offering high bandwidth and covering a large area.

This research report categorizes the distribution automation market by component, communication technology, utility, and region

By Component:

• Field Devices
  • Remote Fault Indicators
  • Smart Relays
  • Automated Feeder Switches/Reclosers
  • Automated Capacitors
  •  Automated Voltage Regulators
  • Automated Feeder Monitors
  • Transformer Monitors
  • Remote Terminal Units
• Software
• Services

By Communication Technology:

• Wireless
  • Radio Frequency Mesh
  • Cellular Networks
  •  WiMAX
• Wired
  • Fiber Optic
  • Ethernet
  • Powerline Carrier
  • IP

By Utility:

• Public
• Private

By Region:

• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa

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Asia Pacific estimated to dominate the distribution automation market during the forecast period

Asia Pacific is estimated to be the largest market for distribution automation during the forecast period. For the market analysis, the region has been segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The demand for distribution automation in this region is driven mostly by the increasing electricity consumption and the need to upgrade aging infrastructure. Countries in this region are shifting toward clean energy to meet the growing energy demands.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of top players in the distribution automation market. Some of the major market players include ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany). These leading market players adopt various growth strategies to increase their share and presence in the distribution automation market. 

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https://www.marketsandmarkets.com/Market-Reports/distributed-energy-resource-management-system-market-256436187.html

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Distribution Automation Market Outlook 2020 – Huge Growth, Trends, Revenue and In-Depth Analysis 2025

According to the new research report "Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region - Global Forecast to 2025", distribution automation market size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025. The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are major factors driving the growth of this market.

Browse 113 market data Tables and 48 Figures spread through 185 Pages and in-depth TOC on "Distribution Automation Market - Global Forecast to 2025"

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Public utility segment estimated to hold a larger share of the distribution automation market than the private utility segment during the forecast period

The distribution automation market has been segmented based on utility into public and private. The public utility segment accounted for a larger market share in 2019. Public utilities are undertaking initiatives to adopt new advanced technologies due to increased regulation and evolving customer preferences.

Wireless segment projected to register a higher CAGR than the wired segment during the forecast period

Based on communication technology, the market has been segmented into wired and wireless. The wireless segment is expected to witness a higher CAGR during the forecast period. Distribution automation uses wireless communication due to its ease in accessibility and increased efficiency. This wireless communication technology provides integral support to the utilities by offering high bandwidth and covering a large area.

Asia Pacific estimated to dominate the distribution automation market during the forecast period

Asia Pacific is estimated to be the largest market for distribution automation during the forecast period. For the market analysis, the region has been segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The demand for distribution automation in this region is driven mostly by the increasing electricity consumption and the need to upgrade aging infrastructure. Countries in this region are shifting toward clean energy to meet the growing energy demands.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of top players in the distribution automation market. Some of the major market players include ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany). These leading market players adopt various growth strategies to increase their share and presence in the distribution automation market.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Distribution Automation Market: Comprehensive Analysis of the Development Factors in the Industry by 2023

The report "Distribution Automation Market by Component (Field Device (Smart Meters, Voltage Regulators, and Smart Sensors), Software & Services, Communication Technology (Wired, and Wireless)), Type of Utility (Public, Private), and Region - Global Forecast to 2023" The distribution automation market is expected to grow from an estimated market size of USD 11.82 billion in 2018 to USD 16.81 billion by 2023, at a CAGR of 7.29% from 2018 to 2023. The global market is set to witness significant growth because of the increasing renewable power generation and need for energy efficiency. Advancements in IoT and communication technologies present a significant opportunity for the distribution automation market.

Browse 68 Tables and 29 Figures spread through 134 Pages and in-depth TOC on "Distribution Automation Market - Global Forecast to 2023"

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Field Device: The largest segment, by component, during the forecast period

The field device segment is expected to hold the major share of the distribution automation market during the forecast period. Growing investments in refurbishing the ageing infrastructure and government initiatives to promote the use of energy-efficient power generation resources are the major factors driving the distribution automation market in the European region. The European market players, such as ABB, Schneider Electric, and Eaton are involved in the manufacturing of field devices. These factors have resulted in the highest market share of the field device segment in the distribution automation market.

Target Audience:

The report’s target audience includes:

·         Consultants and advisory firms

·         Distribution automation solution providers

·         Electric Utilities

·         Electrical equipment associations

·         Government agencies

·         Network and communication service providers

·         Support and maintenance service providers

Scope of the Report:

By Component

·         Field Device

·         Software & Services

·         Communication Technology

By Type of Utility

·         Public Utility

·         Private Utility

By Region

·         Europe

·         North America

·         Asia Pacific

·         South America

·         The Middle East & Africa

The public utility segment accounts for the largest share of the distribution automation market, by type of utility, during the forecast period

The public utility segment is expected to be the largest market for distribution automation, by type of utility, from 2018 to 2023. The factors driving the market for distribution automation in the public utility include significant efforts made by the government to extend the services of public utilities. The grants offered by the government will help in modernizing the grid, which in turn will boost the market for distribution automation.

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Asia Pacific: The fastest-growing market for distribution automation

In this report, the distribution automation market has been analyzed on the basis of five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa.

The distribution automation market in Asia Pacific is driven by countries such as China, India, Japan, and Australia. Rapid industrialization in India, China, and Australia is expected to drive the implementation of distribution automation systems. These countries are increasing renewable power generation to meet their growing energy demand. According to the Renewable Energy Policy Network (REN21), China accounted for 45% of the total global investment for renewable power generation in 2017. Increasing investments in renewable power would drive the market for distribution automation in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the distribution automation market. These include Siemens (Germany), ABB (Switzerland), GE (US), Schneider Electric (France), and Eaton (Ireland). The leading players are trying to expand in developing economies and are adopting various strategies to increase their market shares.  

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Analysis of the Distribution Automation Market, Global Forecast to 2023!

According to the market report published by MarketsandMarkets™ "Distribution Automation Market by Component (Field Device (Smart Meters, Voltage Regulators, and Smart Sensors), Software & Services, Communication Technology (Wired, and Wireless)), Type of Utility (Public, Private), and Region - Global Forecast to 2023", the distribution automation market is expected to grow from an estimated market size of USD 11.82 billion in 2018 to USD 16.81 billion by 2023, at a CAGR of 7.29% from 2018 to 2023. The global market is set to witness significant growth because of the increasing renewable power generation and need for energy efficiency. Advancements in IoT and communication technologies present a significant opportunity for the distribution automation market.

Field Device: The largest segment, by component, during the forecast period

The field device segment is expected to hold the major share of the distribution automation market during the forecast period. Growing investments in refurbishing the ageing infrastructure and government initiatives to promote the use of energy-efficient power generation resources are the major factors driving the distribution automation market in the European region. The European market players, such as ABB, Schneider Electric, and Eaton are involved in the manufacturing of field devices. These factors have resulted in the highest market share of the field device segment in the distribution automation market.

Browse and in-depth TOC on “Distribution Automation Market”

68 - Tables

29 - Figures

134 - Pages

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=65029172

Scope of the Report:

    By Component

·         Field Device

·         Software & Services

·         Communication Technology

    By Type of Utility

·         Public Utility

·         Private Utility

    By Region

·         Europe

·         North America

·         Asia Pacific

·         South America

·         The Middle East & Africa

The public utility segment accounts for the largest share of the distribution automation market, by type of utility, during the forecast period

The public utility segment is expected to be the largest market for distribution automation, by type of utility, from 2018 to 2023. The factors driving the market for distribution automation in the public utility include significant efforts made by the government to extend the services of public utilities. The grants offered by the government will help in modernizing the grid, which in turn will boost the market for distribution automation.

Asia Pacific: The fastest-growing market for distribution automation

In this report, the distribution automation market has been analyzed on the basis of five regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa.

The distribution automation market in Asia Pacific is driven by countries such as China, India, Japan, and Australia. Rapid industrialization in India, China, and Australia is expected to drive the implementation of distribution automation systems. These countries are increasing renewable power generation to meet their growing energy demand. According to the Renewable Energy Policy Network (REN21), China accounted for 45% of the total global investment for renewable power generation in 2017. Increasing investments in renewable power would drive the market for distribution automation in Asia Pacific.

Request for sample pages of the report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=65029172

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the distribution automation market. These include Siemens (Germany), ABB (Switzerland), GE (US), Schneider Electric (France), and Eaton (Ireland). The leading players are trying to expand in developing economies and are adopting various strategies to increase their market shares.  

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Shelly Singh

MarketsandMarkets™ INC.
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Suite 430

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USA : 1-888-600-6441

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