Global Distribution Feeder Automation System Market

Distribution Feeder Automation System Market Size, Share, Growth Analysis, By Product(Hardware, Software, and Services), By Application(Commercial, Industrial, and Residential), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2228 | Region: Global | Published Date: April, 2024
Pages: 218 | Tables: 63 | Figures: 71

Distribution Feeder Automation System Market News

  • In May 2021, Elexicon Energy partnered with Marshall Homes and Opus’ One Solution to develop a live smart grid pilot community in Canada called Altona Towns. The project is funded by the Ontario Ministry of Energy under the Smart Grid and Grid Innovation Funds. The project will test, develop and deploy next-generation technologies to transform the electricity distribution system into a modern, digitally generated grid.
  • In October 2021, Sharika Enterprises Limited won a contract to design, deliver, install, commission and maintain a feeder automation system as part of a distribution management system (DMS) to provide reliable power distribution in Jammu and Kashmir, India has improved.
  • In March 2021, the U.S. water services company Suez and Schneider Electric will collaborate to provide innovative digital solutions in water cycle management. The company is expected to combine SUEZ’s technological expertise in the water industry with EcoStruxure.
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Distribution Feeder Automation System Market size was valued at USD 4.18 Billion in 2022 and is poised to grow from USD 4.52 Billion in 2023 to USD 8.49 Billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

The competitive environment of the Distribution Feeder Automation System Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'Advanced Control Systems Inc.', 'Eaton Corporation plc', 'G&W Electric', 'General Electric Company', 'Hitachi ABB Power Grids', 'Moxa Inc.', 'Schneider Electric', 'Schweitzer Engineering Laboratories, Inc.', 'Siemens AG', 'Trilliant Holdings Inc.', 'Honeywell International Inc.', 'General Electric', 'PowerSecure International Inc.', 'Ameresco', 'mtu (Rolls Royce plc)', 'Mesa Natural Gas Solutions'

The growing need for reliable uninterrupted power supply is driving the adoption of automated supply chain distribution systems. Companies and consumers require constant access to electricity for efficient operations and daily operations. The government and utilities are playing an important role in modernizing electricity distribution systems. Investments in smart grid technology and automation make distribution networks more efficient, flexible and efficient.

Integration of Advanced Metering Infrastructure (AMI) And Distribution Feeder Automation: A notable trend in the distribution feeder automation system market is the growing use of advanced metering infrastructure (AMI) and distribution feeder automation systems. AMI offers smart meters that provide real-time information about power consumption and grid status at the customer level including. This data is invaluable to utilities aiming to optimize grid performance and improve customer service. By combining AMI with distribution feeder automation, utilities gain a comprehensive view of their distribution network. Smart meters can provide detailed data on voltage levels, power quality, and load profiles, allowing utilities to quickly and accurately diagnose problems. For example, in the event of a feeder fault, smart meters can help affected areas have been identified, allowing for greater retargeting efforts.

North America dominated the distribution feeder automation system market, contributing significantly to the growth, acquisitions, and innovations in the industry. Several factors emphasize the pivotal role of North America in the structure of the distribution feeder automation system market. North America leads in technology innovation, and this extends to the distribution feeder automation systems market. The company is known for embracing innovative and breakthrough technologies in smart grid solutions, communication networks and software applications that enhance the capacity for distribution feeder automation.

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Global Distribution Feeder Automation System Market

Report ID: SQMIG25A2228

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