Distribution Automation Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3613
Distribution Automation Market size will witness growth on account of soaring electricity demand catering to rising population. Growing need for upgradation of existing distribution network with an aim to improve energy efficiency will energize the business potential. In addition, islanding operation, enhanced reliability, self-healing, and improved operational performance are the some of the major factors driving the industry growth.
Increasing measures to promote the electrification rate across emerging economies will stimulate distribution automation market growth. Rising investments for restructuring of ageing conventional infrastructure will promote the industry expansion. Rapid deployment of distribution lines supported by initiatives toward capacity expansion has further integrated a favorable scenario.
Growing measures toward energy security supported by substantial increase in energy consumption will drive the demand for distribution automation market. High installation costs along with increasing capital expenditure subject to incorporation of additional hardware components have been restraining the business growth. However, favorable regulatory policies toward development of distribution network along with effective implementation of guidelines will foster the industry landscape.
Increasing measures toward development of smart cities will drive the need for efficient distribution networks which in turn will stimulate the distribution automation market size. Fault detection and protection capabilities resulting in power quality improvement will fuel the demand for these units. Moreover, shifting focus toward development of renewable energy technologies for creating a sustainable energy mix will positively influence the industry dynamics.
Declining performance of distribution boards owing to increasing AT&C losses is the key factor driving the demand for distribution automation market. Rapid commercialization and ongoing deployment of smart grids with an aim to provide reliable energy supply will escalate the business growth. Increasing power outages and measures toward provision of uninterrupted power supply will augment the industry outlook.
Field device distribution automation market will witness growth on account of its ability to mitigate system losses, minimize the voltage fluctuations along with reducing power outages. Ongoing deployment of these units in line with existing distribution networks will accelerate the product demand. Declining cost of these units favored by intense competition among component manufacturers will validate the industry expansion.
Software and services distribution automation market is set to expand with reference to rising technological advancements including IOT and communication systems. Integration of control technologies with the distribution network will enhance the business potential. Reduced restoration time, low maintenance cost improved coordination are the major factors that strengthen the product penetration.
Communication systems distribution automation market is projected to grow in line with growing dependency for advanced communication technologies. Lack of efficient network management facilities coupled with increasing adoption of smart monitoring and control systems will boost the technological deployment. In addition, growing measures toward energy conservation will energize the overall industry growth.
Eminent distribution automation market participants include Siemens AG, ABB Ltd, General Electric, Schneider Electric, Eaton, Cisco Systems, G&W Electric Company, Schweitzer Engineering Laboratories, Landis + Gyr, Duke Energy Corporation and others.
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