Distribution Automation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Distribution Automation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : October, 2022 | Industrial

Report Digest

Distribution Automation Market – Overview

The distribution automation market has been estimated to grow at a noteworthy speed during the forecast period. These growth prospects in the market are owing to the enhancement of efficiency and reliability of the distribution system. In addition to this, reduced time of power outages has also been estimated to drive the growth prospects in the global market during the forecast period.

The majority of the power outrages are commonly caused due to weather-related damages to the overhead power lines. Equipment failure, human error, animal contact, and vehicle accidents are also serving as vital factors that contribute to power outages. Further, strong and ice winds also cause trees to fall on the power poles or lines and break them down. Distribution automation plays a crucial role in the prevention of outages. Furthermore, the communication devices, as well as sensors that are associated with distribution automation, facilitate the early detection of equipment that may not be working appropriately. It is helpful to prevent outright failure and thus enable the utility company to replace these devices. So, based on these advanced features, the global market is likely to expand at a noteworthy pace.

distribution automation market

Distribution Automation Market – Key Drivers

Distribution automation is about intelligent distribution systems, which as completely flexible and controllable. It also facilitated the effective functioning of the smart grid. For utilities and consumers, the importance of the electric distribution system is pivotal. Further, the reliable electric supply is helpful to uplift economic development as well as growth, societal well-being, and public safety and health. So, in order to improve reliability and efficiency, utilities require real-time monitoring along with remote control of the systems and assets, for instance, distribution transformers, feeder switches, substations, capacitor banks, and voltage regulators. These factors further ensure an uninterrupted supply of power to targeted consumers. So, on the basis of these factors, the distribution automation market has been projected to grow at a noticeable speed in the forthcoming years.

The rising dependence on electrical equipment in rural areas is giving importance to the continuous supply of power. These factors are also predicted to fuel the growth opportunities in the global market in the following years.

Distribution Automation Market – Recent Developments and Key Players

The distribution automation market is nearly fragmented while considering numerous aspects. The market can also be characterized due to the presence of several industry players at the regional as well as international levels. Furthermore, these players are concentrating on certain strategies in order to achieve their desired subjects. Penetration in the global market and increasing consumer awareness of the brand are also some noteworthy points that are considered by these market players. The other significant trends in the global market include increased R & D activities to enhance existing technologies, mergers or tie-up, product portfolio expansion, and novel product launches. Along with these initiatives, the players from the market are putting efforts to enhance their services to make a wider reach to their consumers.

For instance, Electricite de France S.A. has established a partnership with NTPC in October 2021. The aim of this partnership is to further explore the opportunities for power project development in different regions, for instance Europe, Africa, Middle East, and Asia Pacific.

Siemens has launched a novel platform to design consumer specific applications in July 2020 for the distribution of grids.

Some of the key players in the distribution automation market are:

  • S&C Electric Company
  • Schneider Electric SA
  • Cooper Power Systems
  • Siemens AG
  • General Electric Corporation
  • Dominion Virginia Power
  • Électricité de France

Distribution Automation Market – Regional Assessment

The distribution automation market has been bifurcated into North America, APAC, Europe, and the Rest of the World on the basis of geographical areas. Out of these regional areas, Europe has been predicted to hold a noteworthy share in the global market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.