Feeder Automation Market is projected to be worth USD 7.85 Billion by 2030, registering a CAGR of 8.2% during the forecast period (2022 - 2030).
The requirement for utilities to run continuously, thus minimizing downtimes and improving service quality, is one of the key factors encouraging the expansion of the distribution feeder automation systems business. Furthermore, distribution feeder automation systems allow operators to properly detect and repair defects in the distribution network. During the forecast period, this is projected to have a significant impact on the worldwide distribution feeder automation systems market's growth. The advantages of distribution feeder automation systems are driving their demand in the global market, resulting in the system's increasing integration with existing technologies.
Feeder automation for distribution entails integrating automation into distribution feeder systems to improve the efficiency of such utilities' systems. The automation systems for distribution feeders give real-time data for continuous monitoring, allowing operators to improve service quality and reduce downtime. Distribution feeder circuits, automated distribution feeders, and other distribution feeder protection devices are among the various components that make up feeder automation systems.
The primary factors influencing the growth of the distribution feeder automation systems industry is the necessity for utilities to operate continuously, thus reducing downtimes and increasing service quality. Further, distribution feeder automation systems enable operators to accurately detect faults in the distribution network and restore functioning immediately. This is expected to have a substantial impact on the growth of the global distribution feeder automation systems market during the forecast period. The benefits of the distribution feeder automation systems are driving its demand in the global market, leading to the increasing integration of the system with existing technologies. However, the high cost involved in the initial installation of the system is expected to restrain the adoption rate of distribution feeder automation systems. Further, the complicated procedure of integrating existing infrastructure with automation systems may hinder the growth of the global distribution feeder automation systems market during the forecast period.
The Key Players operating in the Global Distribution Feeder Automation Systems Market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), G&W Electric (US), Schweitzer Engineering Laboratories Inc (US), Eaton (Ireland), Advanced Control Systems Inc (US), Cisco (US), Moxa Inc (Taiwan), Crompton Greaves Ltd (India), and General Electric (US).
Many players such as ABB, Schneider Electric, and Siemens are actively focusing on signing contracts and agreements with utility companies to provide distribution feeder automation systems. The companies in the global distribution feeder automation systems market have substantial investments in research & development, to introduce new products in the market and increase their share in the global market. Further, the market is highly competitive with all the players constantly competing to gain a larger market share.
The Global Distribution Feeder Automation Systems Market has been classified based on Application, Product, and Region. By product, the global market includes hardware, software, and services. The software segment is expected to hold a larger share during the forecast period as many end users are integrating the software with existing infrastructure. Additionally, the software segment is also expected to grow at the fastest rate between 2019 and 2015 due to the increasing adoption of automation technologies in the utility sector. By application, the global market is segmented into commercial, industrial, and residential. The commercial segment is expected to grow with the highest CAGR during the forecast period due to the increasing demand for reliable power supply from the segment.
Feeder automation for distribution involves the integrate automation in distribution feeder systems which enhances the functioning of such systems used by utilities. The distribution feeder automation systems provide real-time data for continuous monitoring, which allows operators to enhance service quality and reduce downtimes. Feeder automation systems consist of many integral components including distribution feeder circuits, automated distribution feeder, and other distribution feeder protection devices.
The Global Distribution Feeder Automation Systems Market is expected to grow at 8.2% CAGR during the forecast period.
The global market for distribution feeder automation systems is expected to witness high growth during the forecast period due to the increasing integration of automation systems in developing countries.
On the basis of region, the global market for distribution feeder automation systems is segmented into Asia-Pacific, Europe, North America, the Middle East & Africa, and South America. North America holds the largest distribution feeder automation systems market share due to an increase in demand for continuous and reliable power supply in the region. The distribution feeder automation systems market is expected to grow at the fastest pace in Asia-Pacific, primarily due to the growing demand for electricity in the region. Demand for energy is growing in the region primarily due to developing countries such as China and India, where industrial output has been growing at a tremendous rate in the last five years and is expected to continue its growth during the forecast period.
| Report Attribute/Metric | Details |
| Market Size | 2030: USD 7.85 Billion |
| CAGR | 8.2% CAGR (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product and Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | ABB (Switzerland), Schneider Electric (France), Siemens (Germany), G&W Electric (US), Schweitzer Engineering Laboratories Inc (US), Eaton (Ireland), Advanced Control Systems Inc (US), Cisco (US), Moxa Inc (Taiwan), Crompton Greaves Ltd (India), and General Electric (US). |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers | Necessity for utilities to operate continuously Increasing service quality |
Frequently Asked Questions (FAQ) :
Feeder Automation Market is projected to be worth USD 7.85 Billion by 2030
At 8.2% CAGR, the global distribution feeder automation system market will witness its optimum growth.
The global distribution feeder automation system market’s forecast period is from 2022 to 2030.
ABB, Schneider Electric, and Siemens are actively focusing on keeping shares high of the global distribution feeder automation system market.
Application and product are the segments of the global distribution feeder automation system market as studied in research.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
