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

Global 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 leading factor influencing the usage of distribution feeder automation system enterprise is the need for utilities to function continuously, hence lowering downtimes and increasing provider first-rate. Further, distribution feeder automation systems permit operators to correctly hit upon faults inside the distribution community and restore functioning at once. This is anticipated to have a significant effect on the growth of the global distribution feeder automation system marketplace throughout the forecast period. The benefits of the distribution feeder automation structures are driving their demand within the international market, mainly due to the growing integration of the system with present technologies. However, the high value concerned in the preliminary set up of the device is predicted to restrain the adoption fee of distribution feeder automation systems. Further, the complex system of integrating present infrastructure with automation systems may additionally restrict the growth of the global market.