Distribution Automation Market Size to Hit USD 41.9 Bn By 2030

Published Date : 13 Oct 2022

The global distribution automation market size accounted for USD 21.4 billion in 2021 and is predicted to hit around USD 41.9 billion by 2030 with an enhanced CAGR of 7.75% during the forecast period 2022 to 2030.

One approach is distributed management, which involves operating, safeguarding, and sustaining the supply chain. Distributor management can display actual operating alerts for fault detectors, switching, shunt capacitors controller, power supplies, and other transmission network equipment. The DA integrates such signals using consumer contracts and communication systems, as well as distributes information to the various smart field devices. Controlled delivery methods generally have particular transmission capacity requirements according to the needs of a network operator. The CRNs offer uninterrupted capability that meets the specifications of DA devices whenever the distinctive characteristics of DA devices are thought about. It is implied or put into practice a shuttered. It aids in utility production and immediately raises the dependability of the facility's electricity distribution system.

Key Points of Distribution Automation Market:

  • Asia Pacific is supposed to have the biggest piece of the pie, estimated at USD 7.82 billion of every 2021.
  • Europe distribution automation market was accounted at USD 5.87 billion in 2021.
  • The industrial segment was valued 50% market share in 2021.
  • By component, software segment has accounted 44% market share in 2021

Regional Snapshot

Throughout the projection timeframe, an increased need for greater grid dependability and operational excellence is anticipated to drive market expansion. Various advantages of grid integration include fewer network lavatories, greater operational effectiveness, increased network dependability, optimum energy utilization, as well as other financial gains. It has led to a major rise in the deployment of automation systems in several nations. ABB and Intel have worked together to promote and sell items and systems enabling grid integration in commercial processes. This collaboration took place in Feb 2019. The worldwide distribution robotics industry is also anticipated to grow faster and quickly in the coming years due to increasing renewable generation.

Distribution Automation Market Report Scope

Report Coverage Details
Market Size in 2021 USD 21.4 Billion
Market Size by 2030 USD 41.9 Billion
CAGR From 2022 to 2030   7.75%
Base Year 2021
Forecast Period 2022 to 2030
By Type
  • Wired
  • Wireless
By Product
  • Monitoring and Control Devices
  • Power Quality and Efficiency Devices
  • Switching and Power Reliability Devices

By Application

  • Private
  • Public
By Components
  • Software
  • Field Devices
  • Services
By End User
  • Industrial
  • Commercial
  • Residential
By Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)


Report Highlights:  

  • The market research report aids in offering alternative aspects that could alter the industry's characteristics & lead to greater CAGR performance and market income by both the conclusion of a forecast timeframe in 2028. The paper also outlines the guiding principles used in its curation as well as the specialists' and executives' forecasts for the sector.
  • The research also provides quantitative market research of how the industry operates across numerous local and global marketplaces. The study also comprehends the fundamentals of how the worldwide market is segmented, which will improve the industry's ability to generate revenue as well as further raise the likelihood that now the industry will generate the estimated amount of earnings by the conclusion of the projected timeframe in 2028.
  • The industry also intends to explore how the economy is performing from a versus mode by examining the success of both the market participants through the most recent initiatives they took even during the projection timeframe. Additionally, the industry paper discussed the acquisitions, mergers, joint ventures, and partnerships that will be beneficial for significant growth and participation in the global competition, particularly over the projection timeframe.

Distribution Automation Market Dynamics:

Drivers

During the projected period of 2022-2030, the development rate of revenue share in automation systems appears to be extremely positive. The industry is displaying symptoms within the type of elements such as consistently rising consumption for automatic vehicle power system supply chain, accompanied either by the requirement for serviceability improvement initiatives by the multilateral organizations, seem to be probable to also have favorable characteristics and therefore offer the economy significant growth prospects during forecast timeframe, which will finish in 2030. Additionally, the increase in worldwide power requirements and the accessibility of network facilities on a worldwide scale would promote opportunities for growth & aid in raising the overall market price for automation systems. During the projected period, this market is anticipated to see new income potential because of the increasing need for power grid & energy. The industry would expand even more as a result of expanding domestic, business, and commercial needs as well as increased technological adoption. Additionally, the industry should rise as electric supply networks are upgraded more frequently.

Restraints

To achieve objectives and grow under forecasts made by market participants and industry professionals, the market must overcome a few obstacles and difficulties, nevertheless. The industry has already been experiencing operational and needs limits since the pandemic's entrance in 2020, resulting in a significant issue during in the projection timeframe. Investing insufficiently is lowering the supply of reliable natural resources, which will also complicate the industry's situation throughout the projected timeframe. Moreover, it is anticipated that within the anticipated timeframe, excessive infrastructure costs will restrain the development of the controlled delivery industry. Growing computational complexity would also impede expansion.

Opportunities

The industry would be equipped to make the most of the existing and expand during the projection timeframe from 2022-2030 thanks to the large increase in capital invested to replace aging network systems because of the abundance of the economic outlook. By the conclusion of the projected timeframe, the quick deployment of intelligent networks will be prepared to fulfill the expanding legislative objectives which emphasize signals of revenue share. There are more intelligent networks, which is excellent news and a signal that perhaps the world is expanding rapidly.

Challenges

Throughout the projected timeframe, it is anticipated that an absence of consistency in connectivity technology and equipment will impede market expansion. Among the key components in the mechanization of distribution is indeed the network system. The main difficulty in this domain is choosing the appropriate telecommunications network to collect different discipline information according to the volume, frequency, and significance of the information transmission. International companies are currently searching for an expense and clear communication strategy. Several hybrid models incorporate are several hybrid models that incorporate multiple channels that offer a solution to such problems.

Recent Developments: 

  • July 2020, Schweitzer Technical Laboratory unveiled a plan solution to improve the dependability of energy generation control and safety technologies. These technologies will make it possible to conduct cybersecurity operations and evaluate the assets in light of NIST cybersecurity standards.
  • ABB launched enhanced REX640 safety relays in March 2020. These relays have increased secure communications and versatility for complex energy-generating and distributing systems. 
  • In September 2019, Matlab and Schneider Electric signed a contract that made it possible for Meglab's reduced voltage offering to be integrated with Schneider Electric's voltage levels hardware, giving customers across a wide range of industries access to stronger, more customized, and more efficient mechanization options.
  • In September 2019, G&W Energy acquired Tozzi Electric Technology for its operations even beyond the United States or to expand its range of electrical rural electrification to meet Standard standards.
  • ABB released an upgraded REX640 protection switch in March 2020 that improved adaptability and dependable communication in modern energy-producing and distributing activities.
  • The segmentations are creating great potential for growth and expansion during the forecast timeframe, which concludes in 2028. The cellular market segment is equipped to handle an increase in demand because it offers simplicity and consumer convenience. The managed delivery market dynamics leverage the communication network to keep connectivity high and increase productivity. These technologies are known to greatly benefit industries because of their higher throughput and broad market penetration.
  • International market participants are increasing their investments in the sectors and subsectors of the industry as a result of the market's operations providing several benefits, including resource and market management in addition to others, such as distributor streamlining and provided guidance. The technologies are being quickly adopted by a wide range of industries, including those in the household, commercial, and related sectors that require remote access, along with the regulation of power systems on electricity distribution networks and the selection of the best equipment. 
  • Even if the use of digital networks has grown over the past few years, the power industry has become more open to significant engagement. Indeed, a major factor that will help a market grow or develop significantly even by the conclusion of the forecast period is the rising demand for the energy sector in the years to come. By using automated energy dashboards, e-mobility technologies, and power consultancy, regional industries will be propelled to compete with the global market.

Distribution Automation Market Key Players:

  • Trilliant Holdings
  • Toshiba 
  • Schweitzer Engineering Laboratories 
  • CE Power Engineered Services 
  • Schneider Electric
  • Itron
  • Siemens 
  • Kalkitech
  • Minsait ACS

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