Global Distribution Automation Market

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 News

  • 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.
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FAQs

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).

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. '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)'

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.

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.

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.

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Global Distribution Automation Market

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