Distribution Feeder Automation System Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The distribution feeder automation system market is expected to rise at a CAGR of more than 2% during the forecast period of 2022-2027. The COVID-19 pandemic had adversely affected the market in 2020 with delays of various projects associated with smart grids. However, the resurgent demand for electricity is expected to nullify the effects of the pandemic. Factors such as a strong focus on electricity distribution fault reduction, demand for reliable and uninterrupted power supply, and an increase in energy demand drive the distribution feeder automation system market. However, complex architecture and irregularities in the outage reporting, especially in dense regions, are expected to be a cause of concern and may restrain the market.
Key HighlightsThe distribution feeder automation system market is fragmented. Some of the key players in this market include ABB Ltd, General Electric Company, Schneider Electric SA, Siemens AG, and Eaton Corporation Inc., among others.
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