USD 11.45 billion
Report ID: SQMIG45J2076 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 61 | Figures: 75
Global Distribution Automation Market size was valued at USD 11.45 billion in 2021 and is poised to grow from USD 11.76 billion in 2022 to USD 20.05 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).
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.
Global Market Size
USD 11.45 billion
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Global distribution automation market is segmented on the basis of component, application and region. On the basis of component, global distribution automation market is segmented into services, software and field device. On the basis of application, global distribution automation market is segmented into private and public. On the basis of region, global distribution automation market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
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.
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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.
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Distribution Automation Market Driver
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.
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
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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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
Distribution Automation Market Recent Developments
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.
|Market size value in 2021||USD 11.45 billion|
|Market size value in 2030||USD 20.05 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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For the Global 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 Global 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.
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