Power Distribution Automation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Field Devices, Software & Services and Communication Technology), By Utility (Public and Private), By Region, Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPower Distribution Automation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Field Devices, Software & Services and Communication Technology), By Utility (Public and Private), By Region, Competition
Global Power Distribution Automation market is expected to grow at a healthy CAGR during the forecast period. The global power distribution automation market refers to the use of advanced technologies and solutions to automate the distribution of electricity from power generation plants to end users.
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The growth of the power distribution automation market is being driven by several factors, including the increasing adoption of smart grid technologies, the need to reduce distribution losses and improve energy efficiency, and the growing demand for renewable energy sources. In addition, the development of advanced communication technologies and the increasing deployment of advanced sensors and monitoring devices are also contributing to the growth of the market.
Download Free Sample ReportRise in Global Energy Consumption is Driving the Power Distribution Automation Market Across the Globe.
The rise in global energy consumption is one of the key drivers of the power distribution automation market worldwide. As populations and economies continue to grow, the demand for electricity and other forms of energy is also increasing. This trend is expected to continue in the coming years, leading to a surge in energy consumption across the globe.
To meet this growing demand, utilities and other energy providers are investing heavily in power distribution automation systems that can help them manage their grids more efficiently and reliably. These systems use advanced technologies such as smart sensors, communication networks, and software analytics to monitor and control the flow of power through the grid, optimize energy usage, and detect and respond to outages and other issues in real time.
The benefits of power distribution automation are numerous, including improved reliability and resilience of the grid, increased energy efficiency, reduced costs, and better customer service. As a result, the market for these systems is expected to continue growing in the coming years, especially in regions with high energy demand and a need for modernizing their aging infrastructure.
Power Distribution Automation Market is driven by increasing demand for reliable and efficient power distribution systems, as well as the need for better monitoring and control of electricity grids
The power distribution automation market across the globe is driven by several factors, including increasing demand for reliable and efficient power distribution systems, as well as the need for better monitoring and control of electricity grids.
One of the key drivers of the power distribution automation market is the growing demand for reliable and efficient power distribution systems. As populations and economies continue to grow, so does the demand for electricity. Power utilities are therefore investing in automation technologies to improve the efficiency and reliability of their distribution networks, thereby reducing outage times, and improving customer satisfaction.
In addition, the need for better monitoring and control of electricity grids is also driving the growth of the power distribution automation market. Automation technologies such as SCADA (Supervisory Control and Data Acquisition) systems, smart meters, and distribution management systems (DMS) enable utilities to monitor and control their grids in real-time, thereby improving grid reliability, reducing outage times, and minimizing the need for manual interventions.
Furthermore, government initiatives aimed at modernizing the electricity infrastructure in many countries are also contributing to the growth of the power distribution automation market. For example, the Indian government has launched the Smart Grid Mission, which aims to modernize the country's power grid by deploying advanced technologies such as distribution automation systems, smart meters, and advanced communication networks.
Overall, the demand for reliable and efficient power distribution systems, as well as the need for better monitoring and control of electricity grids, are key drivers of the power distribution automation market across the globe.
High Capital Investment is One of the Challenges associated with the Power Distribution Automation
Power distribution automation involves the use of advanced technologies and equipment to monitor and control the distribution of electricity. As a result, it typically requires a significant capital investment to implement and maintain. The implementation of power distribution automation requires the upgrading of existing infrastructure, including the installation of new equipment such as sensors, switches, and communication networks. This can be a costly process that requires significant capital investment. Power distribution automation relies on advanced technologies such as SCADA systems, smart meters, and distribution management systems. These technologies are expensive to purchase and maintain and require skilled personnel to operate them. Power distribution automation systems must be reliable and resilient to ensure uninterrupted power supply to consumers. This requires the implementation of redundant systems and backup power supplies, which can add to the overall cost. Power distribution automation systems must comply with regulatory standards, which can vary depending on the country or region. Meeting these standards can require additional capital investment to ensure compliance.
Some of the Recent Developments of the Key Market Players Are
To increase customer demand, the major vendors in the market for Power Distribution Automation aim at introducing technologically advanced solutions and systems. This helps vendors to differentiate themselves from their counterparts and to sustain competition. Moreover, strategic partnerships & collaborations and investment in R&D activities are some of the other major strategies adopted by major market players to enhance their existing product portfolio and expand their market footprints.
- In2021, ABB launched a new distribution automation solution called UniSecDigital, which integrates digital features such as remote monitoring andcontrol, cybersecurity, and predictive maintenance into its switchgeartechnology.
- In2021, Siemens introduced a new energy management system called Sicam GridPass,which is designed to help power utilities manage and optimize theirdistribution grids. The system includes features such as real-time monitoring,advanced analytics, and decision support tools.
- In 2021, SchneiderElectric announced the launch of a new line of smart switchgear calledMasterpact MTZ, which uses digital technologies such as IoT sensors and cloudconnectivity to enable remote monitoring and control of power distributionsystems.
- In 2021, GE unveiled anew software platform called Digital Energy Field Services, which uses advancedanalytics and machine learning to help power utilities, optimize theirdistribution networks, and improve grid reliability.
- In 2021, EatonCorporation launched a new line of medium-voltage switchgear called Power XpertXGIS, which features advanced protection and control capabilities, as well ascloud-based monitoring and diagnostics.
Market Segmentation
Based on Component, the market is segmented into Field Device, Software & Services and Communication Technology. Based on Utility, the market is segmented into Public and Private. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Company Profiles
Some of the major players in the Power Distribution Automation market include
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Component By Utility By Region |
| Regional Scope | Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
| Country Scope | China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia |
| Key Companies Profiled | ABB Ltd., Siemens AG, General Electric Company, Eaton Corporation Inc., Schneider Electric SE, Cisco Systems, Inc., Landis+Gyr, S&C Electric Company, G&W Electric Company, Schweitzer Engineering Laboratories, Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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