The distribution automation market size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025. The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are expected to drive the growth of the distribution automation market during the forecast period.
market by region,
Asia Pacific is estimated to be the largest market for distribution automation during the forecast period. The growth of this region is attributed to increasing investments in grid modernization to enhance efficiency. To meet the growing energy demand, the region is also increasingly focused on renewable energy integration.
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The distribution automation market has been segmented based on component into field devices, software, and services. The field devices segment is expected to be the largest market during the forecast period. This segment’s growth can be attributed to increasing investments to modernize the electric grid, improve interoperability, and collect real-time data.
Based on communication technology, the market has been segmented to wireless and wired. The wireless segment is expected to witness a higher CAGR than the wired segment during the forecast period. Wireless communication technology offers easy accessibility. It also ensures cost savings and provides secure data transmission, which acts as significant driving factors for the segment’s growth.
Based on utility, the market has been segmented into public and private. The public segment is estimated to lead the market from 2020 to 2025. The growth of this segment is driven by the increasing number of publicly owned electric utilities across all regions. Public utilities are generally owned by local, regional, or national government bodies, which either operate through their own generation facilities or purchase power through contracts.
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Key Market Players:
The major players in the distribution automation market include ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany).
Key Questions Addressed by the Report:
- Which revolutionary technology trends are expected over the next five years?
- Which type of field devices used in distribution automation is likely to get the maximum opportunity to grow during the forecast period?
- Which region is expected to lead with the highest market share by 2025?
- How are companies implementing organic and inorganic strategies to gain more share in the distribution automation market?