The global distribution automation market accounted for a value of USD 12.4 billion in 2019. Distribution automation market projected to register growth at a CAGR of 6.0% during forecast period.
COVID-19 has impacted all the businesses over globe. The supply chain of raw material and finished products is disrupted due to travel restriction. The manufacturing facilities have to shut its production due to lockdown. There is a decline in growth of distribution automation market due to spread of corona virus.
For more details, visit: Global Distribution Automation Market By Communication Technology (Wired Technology and Wireless Technology), By Component (Software, Services and Field Devices), By Utility (Public and Private) By Region, Forecast & Opportunities to 2026
The smart cities projects are increasing around world which involves use of distribution automation. The governments across various regions are adopting various measures to promote electrification rate. The aging infrastructures are getting restructured. This gives an opportunity to distribution automation segment for expansion. This drives growth in distribution automation market during forecast period.
On the basis of communication technology, the distribution automation market is segmented into wired and wireless communication technology. The wireless segment is estimated to register growth at highest CAGR during forecast period. The wireless technology helps in reducing maintenance cost. It has easy data accessibility from remote locations. It is further segmented into WiMAX, Cellular and radio frequency mesh. The demand and adoption for wireless communication technology is increasing which drives growth in wireless segment during forecast period.
On the basis of component, the distribution automation market is segmented into field devices, software and services. The field devices segment is estimated to hold largest market share in the distribution automation market during forecast period. This segment helps grid operators as it provides reliability, power management, health management, integrating energy sources and voltage management. This drives growth in field devices segment during forecast period.
On the basis of utility, the distribution automation market is segmented into public and private. The public segment is estimated to dominate the distribution market during forecast period. The publicly owned electric utilities are increasing across the world and governments across various regions are focusing on improving automation segment. This drives growth in public utility segment during forecast period.
Asia-Pacific region is estimated to hold largest market share during forecast period. The demand for distribution automation is increasing in this region. The adoption of this market is also increasing rapidly as the smart cities projects are increasing and the investment is also increasing in smart cities or building projects. This region is shifting towards clean energy to fulfill energy demands of population. This drives growth in Asia-Pacific region during forecast period. .
The key market players in distribution automation market are Trilliant Holdings, Laklitech, Ingeteam, Minsait ACS, Mitsubishi Electric, Toshiba, Beckwith Electric, Xylem, G&W Electric, Schweitzer Engineering, Eaton, S&C Electric Company, CE Power Engineered Services, Hubbell, Landis + Gyr, Itron, Schneider Electric, Siemens, ABB and GE.
- What are the expected industry trends over the next three to five years?
- Which of the distribution automation communication technology is likely to lead by 2025?
- Which of the utility is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?