Distribution Automation Market was valued at USD 11.2 Billion in 2018 and is projected to reach USD 19.3 Billion by 2026, growing at a CAGR of 7.0% from 2022 to 2028.
The growing demand for electricity to meet rising population demands, as well as the ongoing need to upgrade the existing distribution network to improve energy efficiency, is boosting the commercial potential. The Global Distribution Automation Market study offers a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market aspects.
Access Full Report here : https://www.zionmarketresearch.com/report/distribution-automation-market
What is Automation in Distribution?
Monitoring, protecting, managing, and maintaining the distribution network are all part of distribution automation. Voltage regulators, capacitor bank controllers, fault detectors, and switches are examples of distribution grid components that can receive real-time operating notifications. These alerts are shared with other intelligent field devices, and the DA integrates them with customer transactions and transmission systems. Distribution automation systems’ communication infrastructure requirements typically alter in response to service provider requests. When the DA systems’ characteristics are taken into account, the CRNs have seamless capabilities to meet the DA systems’ requirements. In a closed loop, it is inferred or implemented. It aids in the optimization of a utility’s operations and directly enhances the distribution power system’s reliability.
Overview of the Global Distribution Automation Market
The global distribution automation market is predicted to increase due to rising renewable energy generation and the upgrading of old distribution infrastructure. The demand for energy efficiency, protection, and rapid fault detection in the power distribution network is also driving global market expansion. Some of the primary factors driving industry growth are islanding operations, increased reliability, self-healing, and improved operational performance. Furthermore, as distributed energy generation grows in developing countries like India, the distribution automation market may benefit.
Certain constraints and hurdles will stymie the overall expansion of the Distribution Automation industry. The high initial installation costs associated with setting up distribution automation systems are limiting market expansion. End-users are likewise concerned about the susceptibility of their systems to hackers. This could limit market expansion over the predicted period.
Global Distribution Automation Market: Segmentation Analysis
Distribution Automation Market by Product Type
● Monitoring and Control Devices
● Power Quality and Efficiency Devices
● Switching and Power Reliability Devices
Distribution Automation Market by Application
The Global Distribution Automation Market is divided into four regions based on regional analysis: North America, Europe, Asia Pacific, and the Rest of the World. In terms of market share, Europe is the largest distribution automation segment. The large market share is due to increased investment levels in distribution automation, as well as the increasing complexity of the region’s infrastructure, which necessitates automation to successfully manage distribution. Asia-Pacific, on the other hand, is expected to be the fastest-growing area. Rapid industrialization in nations like Japan, China, and Australia is changing the regional landscape and driving the worldwide distribution automation industry forward.
Key Players In Distribution Automation Market
The “Global Distribution Automation Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
• Schneider Electric
• Schweitzer Engineering Laboratories
• S&C Electric
• General Electric Company
• G&W Electric
• Power System Engineering
• Xylem (Sensus)
About Us :
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.