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Distribution Automation Market Trends

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

Distribution Automation Market Trends

The continued expansion of renewable energy sources, such as solar and wind power, has accelerated the need for advanced distribution automation solutions across the globe. Moreover, the rise of electric vehicles (EVs) is driving the demand for distribution automation. EV charging infrastructure requires intelligent grid management to support the increased load and optimize charging times. Utilities are investing in automation technologies to accommodate the growing EV market while minimizing grid strain.
 

Artificial intelligence (AI) and machine learning are playing a crucial role in distribution automation. These advanced analytics tools enable predictive maintenance, fault detection, and real-time grid optimization, improving overall system performance and reducing downtime. The increasing focus on grid resilience and cybersecurity is generating a positive scenario for the integration of automation technologies across distribution networks. With the rise of cyber threats, utilities are implementing robust security measures to protect critical infrastructure and data, ensuring the uninterrupted operation of distribution automation systems. Furthermore, the deployment of edge computing and edge devices is enhancing data processing and decision-making at the grid's edge, enabling faster responses to dynamic grid conditions.

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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