USD 11.45 billion
Distribution Automation Market Size, Share, Growth Analysis, By Offering(Field Devices (Remote Fault Indicators, Smart Relays, Automated Feeder Switches/Reclosers, Automated Capacitors), By Communication Technology(Wired (Fiber Optics, Ethernet, Powerline Carrier, IP)), By Utility(Public Utilities, Private Utilities), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2076 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
61
|Figures:
75
Distribution Automation Market Insights
Global Distribution Automation Market size was valued at USD 17.2 billion in 2022 and is poised to grow from USD 19.52 billion in 2023 to USD 53.76 billion by 2031, growing at a CAGR of 13.50% during the forecast period (2024-2031).
Distribution Automation (DA) is a set of technologies and protocols that monitor and regulate electrical distribution systems without human intervention. These technologies & protocols include sensors, processors, switches and communications. It can improve the efficiency of the distribution system by saving system and energy. Also, it improves distribution system reliability by reducing the frequency and length of power outages. It also improves flexibility by allowing the use of more distributed energy sources. In addition, DA devices offer operational and maintenance benefits such as increased reliability by reducing the length of outages through the use of auto restoration systems.
The evolution of IoT and correspondence innovation will drive industry development. New technological advancements in IoT and specialized gadgets are expected to boost interest in DAS innovation over the forecast time frame. Siemens (Germany) has released 'MindSphere', a smart Internet of Things (IoT) architecture. MindSphere is a cloud-based open IoT working framework that connects items, establishments, frameworks, and hardware and enables administrators to use advanced inspections. MindSphere provides a comprehensive set of association standards for gadgets and business applications, modern applications, and refined examination applications. Mergers and acquisitions of central members are measures to accelerate industry growth. Bi-directional network speculation is expected to provide valuable learning opportunities for companies in the global distribution automation market. Schneider Electric Smart bi-directional networks or Grids of the Future Management at Enlit Europe will be available in December 2021.
The growing adoption of sophisticated computerized power supply innovation is expected to provide valuable learning opportunities for companies in the global distribution automation market. In December 2021, ABB India collaborated with Indore Smart City Development Limited to deliver state-of-the-art computerized innovations that enable the uninterrupted power supply to homes and institutions. Players from various industries are constantly fascinated by natural and inorganic expansion initiatives to increase the reach and spread of their goods across the globe, thus rapidly using this type of appropriation framework. For example, in September 2019, G&W Electric purchased Tozzi Electrical Equipment to expand business areas worldwide and, as a result, further enhance its power network solutions to meet IEC requirements. The high installation costs of distribution automation systems are expected to hamper the market growth.
US Distribution Automation Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Software
Fastest Growth
Software
Growth Rate
6% CAGR
Global Distribution Automation Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Distribution Automation Market Segmental Analysis
Global Distribution Automation Market is segmented by Offering, Communication Technology, Utility, and region. Based on Offering, the market is segmented into Field Devices, Software, Services. Based on Communication Technology, the market is segmented into Wired, Wireless. Based on Utility, the market is segmented into Public Utilities, Private Utilities. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Distribution Automation Market Analysis by Component
On the basis of component, global distribution automation market is segmented into services, software and field device. Due to the increasing deployment of field devices in these systems, the field devices category is expected to account for a large share of the global market. These devices are an important part of the distribution network, helping in managing losses caused by voltage fluctuations and power outages. Grid operators can use field devices to control reliability and outages, asset health management, reactive power management, and distributed energy resources.
Also, the software segment is expected to grow significantly due to the growing trend of IoT and the adaptation of communication systems with new technological advancements. Growth in the market segment is driven by lower maintenance costs, faster turnaround times, and increased efficiency. These services collect track data and keep track of switch status to remotely monitor and regulate the electricity supply network.
Distribution Automation Market Analysis by Application
On the basis of application, global distribution automation market is segmented into private and public. The public utility segment will account for the largest shares of the market and is expected to grow at a significant CAGR during the forecast period. With the increasing number of publicly owned electric utilities worldwide, the public utility industry is expected to grow significantly. With government offers to public utilities, the public utility segment is expected to grow.
The private utility segment is expected to grow at the fastest CAGR during the forecast period. The expansion has increased government financing for these systems. Also, rapid urbanization in nations such as India and China has increased the demand for electricity.
Global Distribution Automation Market By Component
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Distribution Automation Market Regional Insights
The Asia Pacific market is expected to account for the largest revenue share during the forecast period. The region is expected to see increased demand for distribution automation solutions as expenditures in smart grid programs increase. Australia, China, and Japan are driving major growth in the region. Also, the market growth is expected to benefit from factors such as rapid industrialization and a growing trend toward sustainable energy to meet rising energy demands. The region is expected to have a high demand for distribution automation systems due to major investment in smart grid efforts.
Europe is also undergoing essential development as a result of growing interest in network expansion and the increasing complexity of the force distribution structure. Germany, the United Kingdom, and France are all strong supporters of the European market. Also, in countries such as Spain, Italy, and Denmark, the innovation is rapidly expanding due to enlarged dazzling lattice speculations with powerful in-assembled transmission and appropriation mechanization resources. Also, growing interest in energy efficiency in the power supply is expected to stimulate market development in the district.
Due to the advancement of new communication and IoT technologies, the North America market is expected to witness significant revenue growth during the forecast period. Also, due to the presence of several major industries, the industry in the region is expected to grow rapidly.
Latin America is expected to grow due to increased industrialization, particularly in Brazil and Mexico. Brazil controls the bulk market and dominates the district market, followed by Canada. Power distribution has become popular in Brazil through two distinct corporate sectors: the Controlled Power Market (ACR) and the Open Power Market (ACL). ACR contracts between generators and traders through government exchanges, while ACL clients buy energy directly from generators or dealers.
In the energy and utility sectors of the Middle East and Africa region, transport robotization innovation is expected to grow as government mandates to improve matrix efficiency fuel interest.
Global Distribution Automation Market By Region
- Largest
- Fastest
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Distribution Automation Market Dynamics
Distribution Automation Market Driver
Exponential growth in global electricity demand and grid infrastructure
- Global electricity demand and the development of grid infrastructure will almost certainly provide new business opportunities. Demand for the technology will be driven by the need for energy efficiency, fast fault detection, and supply network protection. Also, increasing demand in residential, commercial, and industrial sectors, as well as increasing distributed energy generation, will create new opportunities to increase technology adoption, especially in developing countries. The expansion will focus on Asia-Pacific, particularly markets experiencing rapid economic growth and growing demand.
Initiatives by Major Players in Merger and Acquisition
- Players from various industries are continuously engaged in organic and inorganic expansion efforts to increase their product catalogue and global reach, thereby driving the use of this form of the distribution system. In September 2019, G&W Electric acquired Tozzi Electrical Equipment to expand its global market and improve its power grid solutions to meet IEC standards. Additionally, Builders FirstSource Inc., Dallas, paid USD 450 million for WTS Paradigm LLC, software solutions and services provider based in Middleton, Wisconsin. Major corporations use alliances, acquisitions, and other strategies to strengthen their position in global markets. During the forecast period, the complexity of power distribution infrastructure and increasing investment opportunities in grid expansion projects are expected to increase the market share.
Distribution Automation Market Restraint
Expensive initial installation costs
- The high installation cost of distribution automation systems is expected to hinder the growth of the industry. Also, technical problems associated with these systems are expected to hamper the market growth. Additionally, vulnerability to cyber-attacks is a major factor that causes concern among end users and hinders the growth of the industry. Lack of investment is reducing the supply of durable raw materials, which poses further challenges for the market during the forecast period.
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Distribution Automation Market Competitive Landscape
Global distribution automation market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global distribution automation market.
Distribution Automation Market Top Player's Company Profiles
- ABB (Switzerland)
- Siemens (Germany)
- Schneider Electric (France)
- Eaton (Ireland)
- General Electric Company (US)
- Xylem (US)
- Toshiba Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Landis+Gyr (Switzerland)
- Itron Inc. (US)
- Hubbell (US)
- Schweitzer Engineering Laboratories, Inc. (US)
- G&W Electric Co. (US)
- S&C Electric Company (US)
- ZIV (Spain)
- Ingeteam (Spain)
- Minsait ACS, Inc. (Spain)
- Qualus (US)
- Kalki Communication Technologies Private Limited (India)
- Trilliant Holdings Inc. (US)
- Alfanar Group (Saudi Arabia)
- RTDS Technologies Inc (Canada)
- AMETEK (US)
- SSPower (India)
- Probus Smart Things Pvt. Ltd. (India)
- APDS Automation & Power Distribution Services (India)
Distribution Automation Market Recent Developments
- In June 2021, S&C Electric Company announced the launch of its newly designed Vista underground distribution switchgear to support visible sustainability goals. This product has ratings of 38 kV and 25 kA.
- In October 2021, Electricite de France S.A. joins NTPC. It will further examine potential opportunities for power project development in the Asia Pacific, the Middle East, and Africa.
- In March 2020, ABB launched a new version of the REX640 assurance transfer, which improved correspondence security and adaptability in cutting-edge power age and conveyance applications.
- In September 2019, Schneider Electric and Meglab entered into an agreement to combine Schneider Electric's medium-voltage hardware with Meglab's low-voltage bundle to provide more adaptable, adjustable, and effective power and automation solutions for clients across multiple industries.
Distribution Automation Key Market Trends
- Untapped rural markets can provide attractive growth potential. Rural distribution automation has huge potential. With the increasing reliance on electrical appliances, uninterrupted power distribution is becoming more important, giving utility providers an opportunity to target the rural market by providing distribution automation services. Rural consumers are more aware and can easily compare the number of supply disruptions between urban and rural distribution networks.
- Technological advancement is a major trend that provides huge business opportunities. Major players in the market refocused R&D activities to expand their product portfolio and gain a competitive advantage in the industry. In September 2013 Cooper Power Systems introduced a new SPEAR recloser solution. This product offers the power industry a low-cost, reliable smart grid device to automatically meet the power needs of single-phase circuits up to 38kV. Additionally, in September 2013 Cooper Power Systems introduced the Grid Advisor Series 2 Smart Sensor, which helps improve outage management and capacitor bank monitoring and delivers real-time critical information not previously available in the market.
Distribution Automation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global distribution automation market analysis, by region, the Asia Pacific market is expected to account for the largest revenue share during the forecast period. By component segment analysis, the field devices category is expected to account for a large share of the global market. These devices are an important part of the distribution network, helping in managing losses caused by voltage fluctuations and power outages. The high installation costs of distribution automation systems are expected to hamper the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 17.2 billion |
| Market size value in 2031 | USD 53.76 billion |
| Growth Rate | 13.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Distribution Automation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Distribution Automation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Distribution Automation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Distribution Automation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Distribution Automation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Distribution Automation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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