Global Distribution Automation Market Report and Forecast 2023-2028

Global Distribution Automation Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global distribution automation market is projected to grow at a CAGR of 6.51% between 2023 and 2028. Aided by the intensifying shift towards renewable energy integration and the rising need for grid efficiency, the market is expected to reach a value of USD 19.53 billion by 2028.

Distribution automation refers to the intelligent integration and control of distribution systems in power grids. It facilitates real-time grid health monitoring and helps enhance the reliability, efficiency, and safety of electrical distribution. This automation minimises outage durations, aids in fault detection, and promotes seamless self-healing of the network. The rising energy demand coupled with an increasing emphasis on the reliability and efficiency of energy distribution is one of the key distribution automation market trends driving the market.

The burgeoning urbanisation and industrialisation globally are key drivers in the surge of energy consumption. As nations evolve and grow, the need for reliable and uninterrupted power supply becomes paramount. Distribution automation stands as a testament to technological innovation addressing this demand, offering adaptive control over energy distribution while minimising losses.

The integration of renewable energy sources into power grids is another salient factor accentuating the distribution automation market growth. With the global paradigm shift towards sustainable energy, integrating renewables like wind and solar power necessitates advanced control and automation systems to ensure grid stability. Distribution automation plays a pivotal role in this integration, ensuring that power derived from these sources is efficiently and reliably fed into the grid.

Furthermore, the escalating adoption of the Internet of Things (IoT) in energy systems offers profound advancements the automation systems leading to a heightened distribution automation market demand. IoT devices allow real-time monitoring and predictive maintenance, identifying potential problems before they manifest. This not only aids in reducing operational costs but also enhances the longevity and reliability of the grid infrastructure. Hence, the increasing efforts to reduce the cost of operations in the grid infrastructure are bolstering the distribution automation market expansion.

Moreover, regions experiencing frequent power disturbances due to natural calamities are progressively looking towards distribution automation as a resilient solution. Automated systems can detect and isolate faults in real-time, enabling faster power restoration after disturbances, be it from storms, earthquakes, or other external factors.

Market Segmentation

The market can be divided based on component, technology, type of utility, and region.

Market Breakup by Component

• Field Devices
• Software
• Services

Market Breakup by Technology

• Wired Communication Technology
• Wireless Communication Technology

Market Breakup by Type of Utility

• Private Utility
• Public Utility

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global distribution automation companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• ABB Ltd
• Siemens AG
• Schweitzer Engineering Laboratories, Inc.
• Schneider Electric SE
• S&C Electric Company
• Landis+Gyr AG
• General Electric Company
• Others

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.