The distribution automation market will reach 19.47 billion USD

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Pune, 21 Feb. 2022 (GLOBE NEWSWIRE) — The Distribution Automation Market the size was $10.89 billion in 2020. The market is expected to grow from $11.63 billion in 2021 to $19.47 billion in 2028 at a CAGR of 7.6% during the period 2021-2028. This vital information is presented by Fortune Business Insights™, in its report titled “Distribution Automation Market, 2021-2028”. Factors, such as the ability to provide real-time operational notifications and optimize asset demand and optimization, will drive the market during the forecast period.

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Companies operating in the distribution automation market

  • Siemens (Germany)
  • Schneider Electric (France)
  • S&C Electric Company (USA)
  • Eaton (Ireland)
  • GE (USA)
  • Mitsubishi Electric (Japan)
  • Schweitzer Engineering Laboratories (SEL) (USA)
  • ABB (Switzerland)
  • G&W Electric Co. (USA)
  • Toshiba (Japan)
  • Hubbell (USA)
  • Hitachi (Japan)
  • Itron (USA)

Report scope and segmentation

Report cover Details
Forecast period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 7.6%
2028 value projection $19.47 billion
base year 2020
Market size in 2020 $10.89 billion
Historical data for 2017 to 2019
Number of pages 190
Segments Covered Utility, component and region
Growth engines Modernization of Aging Power Plants to Support Market Growth
Asia-Pacific will experience dominant market growth due to rapid urbanization
New product launch to help dominant players strengthen their current market position

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Impact of COVID-19

Pandemic-related disruptions are slowing market growth

The COVID-19 pandemic has significantly slowed the growth of the distribution automation market, leading to substantial revenue losses. Automation solution providers and device manufacturers face many challenges, including difficulties in obtaining raw materials and components needed for production. These factors have resulted in several delays in the supply chain. In addition to the above-mentioned factors, stringent lockout regulations have had a huge impact on the demand for distribution automation solutions.

To learn more about the short and long term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/distribution-automation-market-106350

segments

Utility, component and region are researched for the market

On the basis of utility, the market is divided into private utility and public utility.

By component, the market is branched across field devices, software, and services.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Report cover

The Distribution Automation Market study offers an in-depth analysis of the industry in terms of segments and sub-segments. Furthermore, the study aims to substantiate and highlight the highest demand of all the current segmentations assumed while compiling the study. Factors such as trends, drivers, opportunities, threats and restraints surrounding the market are discussed in the report. The report also offers a detailed list of the dominant market players along with their accompanying strategies.

Drivers and Constraints

Modernization of Aging Power Plants to Support Market Growth

Growing demand for electricity and grid infrastructure is expected to open up new revenue opportunities for the market over the forecast period. Rising demand from residential, commercial and industrial sectors and increasing technological adaptation will further increase the market footprint. Also, increasing instances of upgraded power distribution systems will drive the growth of the market.

However, high installation costs are expected to limit the growth of the distribution automation market over the forecast period. Additionally, increasing technical complexity will further hamper the growth of the market.

Regional outlook

Asia-Pacific will experience dominant market growth due to rapid urbanization

Asia-Pacific will occupy the largest distribution automation market share during the forecast period owing to the increase in investment opportunities for smart grid projects. Additionally, factors such as rapid urbanization and growing consumer awareness of green energy will fuel the market share growth.

North America will bring significant value due to technological advancements in IoT and other communication-based systems. Moreover, the growing presence of the dominating players in the distribution automation industry will drive the growth of the market.

Europe is expected to contribute significant market share over the forecast period due to increasing investment opportunities in grid expansion projects coupled with increasing complexity of power distribution infrastructure, to name a few.

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Competitive landscape

New product launch to help dominant players strengthen their current market position

The distribution automation industry is highly competitive and fragmented with many key players trying to operate using various strategies in order to gain competitive advantage. The industry often strives to regularly come up with new innovations such as fault indicators, smart relays, automated power reclosers, automated capacitors and voltage regulators. For example, in June 2021, S&C Electric Company announced the launch of its newly redesigned Vista Underground Switchgear to support visible sustainability goals. Ratings for 38 kV and 25 kA are available in this product.

industry development

  • July 2020: Schweitzer Engineering Laboratories (SEL) has launched a system hardening solution to improvise the security of power protection and control systems. With these solutions, Cyber ​​Services will have the ability to assess systems against the NIST Cyber ​​Security Framework.

Contents

  • introduction
  • Search scope
  • Market segmentation
  • Research Methodology
  • Definitions and assumptions
  • Abstract
  • Market dynamics
  • Market factors
  • Market constraints
  • Market opportunities
  • key ideas
  • Main emerging trends – for main countries
  • Latest technological advances
  • Regulatory landscape
  • Industry SWOT Analysis
  • Analysis of the five forces of carriers
  • Qualitative Analysis – Impact of COVID-19
  • Impact of COVID-19 on the Distribution Automation Market
  • Measures taken by the government to overcome the impact
  • Key developments from industry players in response to COVID-19
  • Potential Opportunities and Challenges Due to the COVID-19 Outbreak
  • Global Distribution Automation Market Analysis (USD Billion), Outlook and Forecast, 2017-2028
  • Main results/summary
  • Market Analysis, Outlook and Forecast – By Utility
  • public
  • Private
  • Market Analysis, Outlook and Forecast – By Component
  • Field devices
  • Software
  • Services
  • Market Analysis, Outlook and Forecast – By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • North America Distribution Automation Market Analysis (USD Billion), Outlook and Forecast, 2017-2028
  • Main results/summary
  • Market Analysis, Outlook and Forecast – By Utility
  • public
  • Private
  • Market Analysis, Outlook and Forecast – By Component
  • Field devices
  • Software
  • Services
  • Market Analysis, Outlook and Forecast – by Country
  • US Market Analysis, Outlook and Forecast – By Utility
  • public
  • Private
  • Canadian Market Analysis, Outlook and Forecast – By Utility
  • public
  • Private

TOC Continued…

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