Distribution Automation Market Trends

Distribution Automation Market Overview

The global Distribution Automation Market will attain a global CAGR of 11.30% during the ongoing forecast period of 2024-2032. Increasing renewable power generation is expected to drive global Distribution Automation Market. At such a global market CAGR, the operations are likely to result and help the market attain a global market figure worth USD 50.81 Billion. During the historic forecast period that ended in 2023, the market was valued at a global figure worth USD 17.43 billion.

During the projected period, the growth scale for the distribution automation market revenue appears to be extremely promising. Factors such as the continuously rising demand for automated grid distribution processes, followed by the need for reliability improvement programs by global governments, are likely to have positive attributes and thus provide the market with major expansion opportunities during the forecast period. Furthermore, the rise in global power demand, along with the availability of grid infrastructures on a global scale, would boost growth potential and contribute to the market value of distribution automation.

However, because of the abundance of development potential, there has been a large increase in expenditures on the repair of aging grid infrastructures, which will aid the market in making the best use of current technology and thus grow throughout the projected period. By the conclusion of the forecast period, smart grid deployments will be ready to satisfy the expanding regulatory targets that indicate promising signals of market revenue. There has been a growth in the number of smart grids, which is encouraging and shows indicators of significant global expansion. The market is witnessing an emerging need for improvements in grid reliability along with operating efficiency which will work in benefits for the expansion goals of the market by the end of the ongoing forecast period in 2030.

Distribution Automation Market COVID 19 Analysis

The arrival of the novel coronavirus pandemic has been a huge blow for various kinds of markets and is raising questions regarding the way of living of people and the availability of healthcare services and infrastructure in various locations across the globe. Both the developed and developing economies of the world are having huge issues in keeping their demand, supply, production, and manufacturing intact and hence, give the consumers give something to create their demand upon. The novel coronavirus has been one of its kind and so are the treatments and symptoms that follow. The concept is unaware of and hence, the established medical providers and centers are struggling to find the correct medical solution that will not only help treat the patients but also act as a vaccine and immunity booster for the global audience during the forecast period.

Hence, for the same, the global market players and the governments of the developing, developed, and under-developed countries are on the lookout for sources to increase their investment. The idea behind raising the bar for investments is to research and develop new products for the target audience to choose from followed by the launch of the new products in the international market for mass and global competition and reach during the forecast period that will be ending in 2030.

Distribution Automation Market Competitive Landscape

The prominent market players of the market that are increasing the competitive degree are as follows:

• Schweitzer Engineering Laboratories


• G&W Electric


• S&C Electric


• ABB


• Cisco


• Landis+Gyr


• General Electric Company

Industry News

• ABB released an updated version of the REX640 protection relay in March 2020, which improved communication security and flexibility in modern power generating and distribution applications.


• G&W Electric purchased Tozzi Electrical Equipment in September 2019 to grow its markets outside of North America and to improve its power grid solutions offering to satisfy IEC standards.

• The market segments are emitting huge potentials to grow and expand during the forecast period ending in 2030. The wireless market segment is ready to face a surged demand as it promises ease and user convenience. The distribution automation market trends use wireless communication for maintaining a high degree of accessibility and increased efficiency. This technology is known to provide integral support to the utilities as the bandwidth is higher and covers a large market area.


• The global market players are rising their investment in the market verticals and segments as the market functioning offers a series of advantages like asset and demand optimization, along with others like distribution optimization and control analysis. The rapid adoption of the systems is rising in an array of fields like industrial, commercial, and residential sectors that require remote monitoring followed by the control of electric loads on the power distribution systems and employment of ideal equipment.


• The energy industry has been open to significant involvement in recent years as there has been a rise in the deployment of digital grids. The augmenting demand for the power industry in the upcoming years, as a part of the forecast period, is one of the major factors that will lead to a substantial rise and expansion of the market by the end of the period. E-mobility software and energy dashboard automation along with energy consulting will drive the regional markets to compete in the international market.

Distribution Automation Market Dynamics

Drivers

The growth scale for the distribution automation market revenue looks very promising during the forecast period of 2022-2030. The market is showing signs in the form of factors like the continuously rising demand for the automated grid distribution processes followed by the need for reliability improvement programs by the global governments are likely to have positive attributes and hence, provide the market with major expansion opportunities during the forecast period that will be ending in 2030. Also, the rise in global electricity demand followed by the availability of grid infrastructures across the global market scale will boost the growth opportunities and help in increasing the distribution automation market value.

Restraints

However, the Distribution Automation Market has some hurdles and challenges to dissolve to meet the expectations and rise as per the predictions laid down by the market players and industry experts. Post the arrival of the pandemic in 2020, the market has been facing functional and demand restrictions which is a major problem during the forecast period. The lack of investment is reducing the availability of sturdy raw materials that will further, create issues for the market during the forecast period.

Distribution Automation Market Technology Analysis

However, owing to the availability of growth opportunities, there has been a significant rise in investments towards the reimbursements of aging grid infrastructures which will help the market make optimal use of the available technology and hence, grow during the forecast period of 2022-2030. The rapid deployments of smart grids are ready to meet the growing regulatory targets that show positive signs of market revenue by the end of the forecast period. There is an increase in the number of smart grids that further, show positive and signs of massive global expansion.

Distribution Automation Market Segment Overview

The distribution automation market value is increasing as the market segments are witnessing immense growth by moving forward with the electrical infrastructure and modernization expenditures. The market has been segmented based on the following:

Based on market components

The component segment of the market includes communication, technology, and others like field service, along with the software and services.

Based on utility types

The utility types of the market deal in both wireless technology and wired technology.

Distribution Automation Market Regional Analysis

Based on the distribution automation market distribution of resources and target audience across the globe, 4 major mushrooming regions will compete for international market domination. The regions are North America, the European regions, the APAC region, across the rest of the world (RoW). The North American region is likely to dominate the global market operations in the forecast period. The largest market share in the North American region is likely to be held by the US and Canadian market scale. The rising market advancements in smart-grid technology will help in catering to the rising demand in the electricity industry. The investments for the market industry are developing the market operations and are playing a crucial role in meeting the market during the forecast period that will be ending in 2030.

Study Objectives

• The Distribution Automation Market report helps in discussing the possible factors that will give rise to the dynamics of the market that will result in attaining a higher growth CAGR and market revenue by the end of the forecast period in 2030. The report also discusses the basis on which the report has been curated and predictions made by the industry leaders and experts.


• The Distribution Automation Market report further helps to have a qualitative market analysis of the market functioning in various regional and international markets. The report also understands the basis of the global market segmentation that will help enhance the revenue collection potential of the market and further, increase the market chances of reaching the predicted market revenue by the end of the forecast period in 2030.


• The Distribution Automation Market further aims to have a discussion of the market functioning from the competitive angle by covering the performance of the market players by the recent developments undertaken by them during the forecast period. The market report also talks about the mergers, acquisitions, joint ventures, and collaborations that will be helpful in mass expansion and being a part of the international competition, especially during the forecast period.