Distribution Automation Market: Global Industry Analysis and Forecast 2023-2029

Distribution Automation Market is expected to reach US$ 19.54 Bn by 2029, with a CAGR of 7.6% between 2023 and 2029.

During the forecast period, an increase in renewable energy generation will contribute to an increase in the distribution automation system globally. The percentage of renewables in the entire energy mix is rising, propelling the global Distribution Automation market to new heights. Additionally, it has been noticed that existing infrastructure is ageing, which necessitates an update, which is all good news for the distribution automation market.To know about the Research Methodology :- Request Free Sample Report
Distribution Automation Market Dynamics
During the forecast period, rising demand for power and grid infrastructures is likely to create new revenue possibilities for the market. Increased demand from the residential, commercial, and industrial sectors, as well as increased technology adaptation, will expand the market's footprint. In addition, the market's growth will be aided by an increase in the number of cases of power distribution system upgrades.

However, during the forecast period, however, high installation costs are projected to hamper the market's development. Increasing technical complexity will also stifle market growth.

Opportunities: Bi-directional grid investment is likely to provide attractive development prospects for participants in the global  market. Additionally, the use of next-generation digital power supply technology is likely to provide attractive development possibilities for participants in the worldwide market. ABB India, for example, collaborated with Indore Smart City Development Ltd in December 2021 to introduce next-generation digital technology that ensures uninterrupted electrical delivery to households and businesses.
Trends in the Market

To increase their market share, major companies in the global market are focusing on forming partnerships. Schneider Electric, for example, teamed with BPX, an industrial automation component distributor, in May 2021, with the latter serving as Schneider Electric's alliance master industrial automation distributor for Ireland.

Major competitors in the global market are also focusing on using artificial intelligence to improve electricity distribution. For example, Tata Power, India's integrated electricity provider, struck a three-year commercial arrangement with BluWave-ai, an energy AI company, in October 2021 to operationalize artificial intelligence in day-to-day power distribution in Mumbai.
Distribution Automation Market Segment Analysis
In terms of utility, the distribution automation market is expected to be led by the public utility sector in 2022. Additionally, due to government incentives available to public utilities and the growing number of publicly owned electric utilities across all areas, it is expected to grow at the quickest pace during the forecast period. This is expected to strengthen the public utility market as a whole.
Regional Insight
Due to increasing investment opportunities for smart grid projects, Asia Pacific is expected to have the greatest distribution automation market share throughout the forecast period. Factors such as growing urbanization and rising consumer awareness of green energy will also contribute to the market's growth.

Because of technology developments in IoT and other communication-based systems, North America will provide a considerable amount of value. In addition, the market will rise as the major companies in the distribution automation industry expand their footprint.

Increasing investment possibilities in grid expansion projects, as well as the increasing complexity of power distribution infrastructure, are likely to propel Europe to a considerable market share throughout the forecast period.

Report Objectives:

Landscape analysis of the Distribution Automation Market
competitive benchmarking
Past and current status of the industry with the forecasted market size and trends
Evaluation of potential key players that include market leaders, followers, and new entrants
Technology trends
The potential impact of micro-economic factors on the market
External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Market dynamics, structure by analyzing the market segments project the Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the  Market make the report investor’s guide.
Distribution Automation Market Scope: Inquiry Before Buying



Distribution Automation Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 11.70 Bn.


Forecast Period 2023 to 2029 CAGR:
7.6%
Market Size in 2029:
US $ 19.54 Bn.


 Segments Covered:
by Component
Field Device
Software & Services
Communication Technology


by Utility
Public Utility
Private Utility



Distribution Automation Market by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Siemens AG
2. ABB
3. General Electric Company
4. Schneider Electric SE
5. Landis+Gyr
6. Power System Engineering
7. S&C Electric Company
8. Cisco Systems, Inc.
9. Xylem Inc.
10. Eaton
11. Itron
12. Hubbell
13. CE Power Engineered Services
14. G&W Electric
15. Beckwith Electric
16. Toshiba
17. Mitsubishi Electric
18. Minsait ACS
19. Ingeteam
20. Kalkitech
21. Trilliant Holdings

Frequently Asked Questions

1. What is the projected market size & growth rate of the Distribution Automation Market?
Ans- The Distribution Automation Market was valued at US$ 11.70 billion in 2022 and is projected to reach US$ 19.54 billion by 2029, growing at a CAGR of 7.6% during the forecast period.

2. What are the key driving factors for the growth of the Distribution Automation Market?
Ans- During the forecast period, rising demand for power and grid infrastructures is likely to create new revenue possibilities for the market.

3. Which Region accounted for the largest Distribution Automation Market share?
Ans- Asia Pacific accounted for the largest market share in 2022.

4. What makes Asia Pacific a Lucrative Market for Distribution Automation Market?
Ans- Factors such as growing urbanization and rising consumer awareness of green energy will also contribute to the market's growth.

5. What are the top players operating in the Distribution Automation Market?
Ans- Siemens AG, ABB, General Electric Company, Schneider Electric SE, Landis+Gyr, and Power System Engineering.