Distribution Feeder Automation System Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Distribution feeder automation system is a family of technologies, including sensors, processors, information and communication networks, and switches, through which a utility can collect, automate, analyze, and optimize data to improve the operational efficiency of its distribution power system. Thus, rising investments in power transmission and distribution networks coupled with the growing augmentation and modernization of transmission and distribution networks across the globe, are expected to drive the market.

Furthermore, distribution feeder automation system also offers benefits such as improved reliability by reducing outage duration using auto restoration scheme, improved voltage control by means of automatic volt-ampere reactive (VAR) control, better fault detection and diagnostic analysis, and better management of system and component loading. Therefore, growing demand for energy coupled with increasing investment in automation activities by government and utility companies, is expected to drive the global distribution feeder automation market at CAGR of 4%, during the forecast period.

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Globally investment in smart electricity grids system declined for the 3rd consecutive year in FY2019, witnessing a decline of 7%, compared to the value in 2018. In 2019, total investment stood at US$ 271 billion, compared to US$ 294 billion in 2018. In addition, investment for full suite of digital technologies, including advanced metering infrastructure, utility automation, and EV charging infrastructure, accounted for more than 15% of the total global smart electric grid spending in 2019. Furthermore, in 2019, investment in smart electric grid solutions by US, overtook China for the first time in 10 years. US investment in smart electric grid witnessed an increase of 12% in 2019, compared to 2018.

According to ‘UnivDatos Market Insights (UMI)’ research report “Distribution Feeder Automation System Market Analysis, 2020”, the Distribution Feeder Automation System market is projected to grow at a CAGR of ~4% during 2021-27F. Growth in urbanization and industrialization in developing countries is one of the prominent reasons, which is driving the market of the distribution feeder automation system. For Instance: The world’s total electricity consumption reached 22,848 TWh in 2019, which is an increase of 1.7% from 2018.

Based on product, the market has been categorized into hardware, software, and service. Amongst these, the hardware category is expected to hold a significant share during the forecast period. This is mainly due to the increasing advancements and dependability on automation system to support integration of power generation and distribution from renewable sources in overall energy sector as well as increase in demand for continuous energy supply across geographies and industries.

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Based on application, the market is classified into residential, commercial, and industrial. Amongst these, the oil-immersed category accounts for the majority share of the market owing to growing energy demand in the industrial sector as well as the launch of new products by major players in the market. Furthermore, with growing industrialization and urbanization there has been an increasing demand for reliable and uninterrupted supply of power, thus, driving the market for distribution feeder automation systems.

Asia Pacific to Grab Lion’s Share, and witnessed Explicit Growth

For a better understanding of the market adoption of Distribution Feeder Automation System Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. In 2020, Asia-Pacific dominated the distribution feeder automation system market owing to increasing utilization of distribution feeder automation systems across industries and other applications. Distribution Feeder Automation Systems offer high efficiency and are used in places where high voltage and minimal losses are critical parameters. Moreover, surging consumption of electricity in developing countries such as India and China is escalating the adoption of smart and advance systems coupled with the increasing need to upgrade existing energy and power infrastructure, has positively influenced the market demand for distribution feeder automation systems. Asia Pacific is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Distribution Feeder Automation System Market Analysis, 2020”. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the distribution feeder automation system market are ABB Ltd., General Electric Company, Siemens Energy AG, Eaton Corporation Inc., Schneider Electric SA, G&W Electric Company, Schweitzer Engineering Laboratories Inc., Moxa Inc., Trilliant Holdings Inc., and Crompton Greaves Ltd. The players are focused on partnerships and collaborations with major power generation companies expanding their geographical reach to get a competitive edge in the industry.

§  In May 2021, Elexicon Energy partnered with Marshall Homes and Opus's One Solutions to create a living smart grid pilot community called Altona Towns in Canada. The project is funded by Ontario’s Ministry of Energy, under the Smart Grid and Grid Innovation funds. The project will test, develop and launch the next generation of technologies that would turn electricity distribution systems into modern, digitally-enabled grids.

“Distribution Feeder Automation System Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Distribution Feeder Automation System providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1.      By Product (Hardware, Software, Service)

2.      By Application (Residential, Commercial, Industrial)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (ABB Ltd., General Electric Company, Siemens Energy AG, Eaton Corporation Inc., Schneider Electric SA, G&W Electric Company, Schweitzer Engineering Laboratories Inc., Moxa Inc., Trilliant Holdings Inc., and Crompton Greaves Ltd.)

Key questions answered in the study:

1.      What are the current and future trends of the distribution feeder automation system industry?

2.      How the industry has been evolving in terms of product demand and application areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the distribution feeder automation system industry?

5.      What is the customer orientation, purchase behavior, and expectations from the distribution feeder automation system firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET

6 DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY REGION

10 DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET DYNAMICS

11 DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET OPPORTUNITIES

12 DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET TRENDS

13 DEMAND AND SUPPLY SIDE ANALYSIS

14 COMPETITIVE SCENARIO

15 COMPANY PROFILED

16 DISCLAIMER      

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