The Global Distribution Automation Market is projected to grow from USD 14.5 billion in 2023 to USD 31.7 billion by 2033, at a Compound Annual Growth Rate (CAGR) of 8.14%. Distribution automation (DA) is a group of protocols and technologies that enable remote monitoring and management of electrical distribution networks. These technologies include sensors, processors, switches, and communication systems.
DA improves the efficiency of the distribution system by preserving energy and resources, reduces power outages, and promotes versatility by enabling the use of a greater variety of energy sources. DA devices also increase dependability and simplify operation and maintenance by reducing outage periods through the use of auto-restoration technology. The growth of the market is driven by innovation in communication and the growth of the Internet of Things, as well as the increasing need for dependable and effective power distribution networks due to industrialization, modernization, and an increased reliance on electricity-consuming equipment.
The market is segmented by offering, communication technology, utility, and region. The field devices segment is expected to dominate the market, as it allows for remote monitoring of distribution power networks to shorten power outages and automates several energy distribution processes. The wireless segment is expected to grow at the fastest pace, as it allows for cost-effective and safe transmission of information over long distances without the need for cables or power lines. The private utilities segment is expected to grow fastest, as private businesses invest in artificial intelligence, smart grid infrastructure, and advanced metering technologies to improve reliability, speed up complaint resolution, and record energy use in real-time.
Asia Pacific is expected to hold the largest share of the market, as the region is undergoing significant development in the field of distribution automation due to increased funding for smart grid programs and growing trends toward sustainable energy. Europe is also expected to grow rapidly, as the region is undergoing significant development due to the rising interest in network expansion and the growing complexity of the distribution system.
The report also provides a competitive analysis of key vendors in the market, including ABB Ltd., General Electric Company, Siemens AG, Schneider Electric SE, Eaton Corporation Plc, S&C Electric Company, Schweitzer Engineering Laboratories, Inc., Advanced Control Systems, Inc., G&W Electric Company, Crompton Greaves Limited, Atlantic City Electric Company, Landis+Gyr Group AG, Honeywell International Inc., Elster Group SE, BPL Global, Ltd., and Others. Recent developments in the market include the acquisition of Elpis Squared by Itron Inc. for USD 35 million, which allows Itron to incorporate high-resolution, real-time “grid edge” data into planning, operations, and engineering procedures for the power grid.
Spherical Insights & Consulting is a market research and consulting firm that provides actionable market research study, quantitative forecasting, and trends analysis to decision-makers. The company caters to various industries such as financial sectors, industrial sectors, government organizations, universities, non-profits, and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements. For more information on the target market, please contact Spherical Insights & Consulting at +1 303 800 4326 (the U.S.), +91 90289 24100 (APAC), or by email at [email protected] or [email protected]. You can also follow Spherical Insights & Consulting on LinkedIn, Facebook, and Twitter.
