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Distribution Automation Market Size

  • Report ID: GMI6920
  • Published Date: Oct 2023
  • Report Format: PDF

Distribution Automation Market Size

Distribution Automation Market was valued at USD 16 billion in 2023 and is set to witness over 11.4% CAGR between 2024 and 2032, driven by ongoing efforts of governmental entities across the globe to integrate smart technologies across the grid network. For instance, as per International Energy Agency (IEA), the European Commission introduced the “Digitalisation of the Energy System” action plan for European Union in late 2022, with an anticipated investment of USD 633 billion across the European electricity grid by 2032. Furthermore, over USD 180 billion will be invested toward the digitalization of the infrastructure, thus creating a positive growth scenario for distribution network automation across Europe.

 

Distribution Automation Market

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The distribution automation industry is witnessing a significant growth in the last few years owing to the increasing need for grid reliability and resilience, which is pushing utilities and grid operators to invest in automation technologies. The integration of renewable energy sources and the rise of distributed energy resources (DERs) require advanced control and monitoring capabilities, further fueling the demand for distribution automation solutions. Moreover, advancements in communication technologies, such as IoT and 5G, are enabling more robust and real-time data exchange, empowering utilities to make data-driven decisions and operate distribution grids more efficiently.

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of distribution automation was worth USD 16 billion in 2023 and is set to exceed USD 41.3 billion by 2032, owing to the ongoing efforts of governmental entities across the globe to integrate smart technologies across the grid network.

The field devices segment held more than 42% share of the distribution automation market in 2022 and is expected to witness expansion through 2032, driven by the increasing emphasis on grid modernization and integration of renewable energy sources.

Asia Pacific distribution automation market size exceeded USD 4.5 billion in 2022 and is poised to surpass USD 15 billion by 2032, driven by the rapid urbanization and population growth in the region.

ABB, Siemens, Eaton, Schneider Electric, GE, Cisco, TRILLIANT HOLDINGS INC, Toshiba Energy Systems & Solutions Corporation, Itron Inc., Hitachi, Ltd., and NovaTech, LLC.

Distribution Automation Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 360
  • Countries covered: 19
  • Pages: 295
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