The global distribution automation industry is estimated to be valued at USD 19.3 billion in 2024 and is projected to reach USD 36.5 billion by 2029, growing at a CAGR of 13.6% for the forecast period of (2024-2029). The presence of several significant players in the market, modernization of aging grid, and the increase in the need for electricity globally are driving the growth of the Electricity Distribution Automation market. These factors are contributing to the growth of the market by introducing new products and technologies.
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The distribution automation industry, by offering, is segmented into field devices, software, and services. Due to their significant role in distribution automation systems, the field devices segment is projected to lead the distribution automation market by offering over the forecast period. Field devices consists of Remote Fault Indicators, Smart Relays, Automated Feeder Switches/Reclosers, Automated Capacitors, Automated Voltage Regulators, Transformer Monitors Feeder Monitors, Remote Terminal Unit. Field devices are critical offerings of distribution automation systems, and their use is growing as utilities try to update and optimize their distribution networks. Furthermore, the integration of renewable energy sources into the power grid is increasing demand for field devices. Field equipment, such as smart inverters and energy storage systems are used to control renewable energy integration into the grid.
The distribution automation market, based on communication technology, is segmented into wired and wireless. According to communication technology, the category with the biggest share of the distribution automation market was wired communication technology. According to communication technology, the category with the biggest share of the distribution automation market was wired communication technology. Wired communication solutions, like as fiber optic cables or dedicated copper lines, are very reliable, ensuring consistent and uninterrupted data transmission, which is essential for real-time monitoring and control of distribution automation systems. This dependability is critical for the successful operation of distribution networks, which contributes to the highest market share of wired communication technologies.
Top Companies in Distribution Automation Industry
- ABB (Switzerland),
- Schneider Electric (France),
- Siemens (Germany),
- Eaton (Ireland)
- General Electric Company (US) among others…
Private utilities segment is expected to grow at the fastest rate in the Distribution automation market by utility. The Distribution automation market has been segmented, based on utility, into public utilities and private utilities. The market for private utilities in Electricity Distribution Automation is increasing due to the rise in the number of private power utilities, the integration of renewable energy sources, the expanding industrial sector, and the pursuit of modernization and sustainability in private utility operations.
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Regional Analysis
The Middle East and Africa emerge as the most rapidly advancing region in the market, projected to achieve a CAGR of 20.9% during the forecast period from 2024 to 2029. This growth is attributed to several factors, including the expansion of the industrial sector, initiatives to electrify smart cities like NEOM, government efforts to develop smart grid infrastructure, and projects focusing on electrifying rural and remote areas. Moreover, key players such as ABB, Schneider Electric, and Siemens are actively investing in the region to bolster their market presence and capitalize on the rising demand for distribution automation technologies.
