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 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.

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