York, United States, July 03, 2024 (GLOBE NEWSWIRE) — The The global distribution automation market size is expected 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% during the forecast period.
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Distribution automation (DA) is the umbrella term for a set of protocols and technologies that make it possible to remotely inspect and dominate electrical distribution networks. Sensors, processors, switches and communications are some of these applied sciences and protocols. It can improve the efficiency of distribution equipment by holding power and assets. Additionally, it improves the reliability of distribution equipment by reducing the frequency and extent of energy outages. Furthermore, it promotes versatility by enabling the valuing of a greater variety of power assets. Furthermore, DA gadgets create dependability and simplify operation and maintenance by minimizing outage classes during auto-restore generation importance. Innovation in verbal exchanges and expanding the net of issues will promote good fortune in business. Due to industrialization, modernization and greater dependence on power consuming equipment, the need for stable and efficient energy distribution networks is increasing. Critical companies can expand their markets through the use of distribution automation technologies to save downtime, consolidate carrier assets, and build grid dependability. Distribution automation technologies help utilities reduce losses, maximize energy delivery, and increase grid capacity overall. The generation, equipment and infrastructure required to park distribution automation programs can have a high price tag upfront.
Browse key trading insights spanning 289 pages with 110 marketplace information tables and figures and charts. ,Global Delivery Automation Market Size, share, and COVID-19 impact analysis, by offering (field devices, software, and services), by communications technology (wired (fiber optic, Ethernet, powerline carrier, and IP) and wireless), by utility (public utilities and Private Utilities), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2023 – 2033.”
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The field device segment is expected to dominate the global distribution automation market during the forecast period.
On the basis of offering, the global distribution automation market has been segmented into field devices, software, and services. Of these, the field device segment is expected to dominate the global distribution automation market during the forecast period. Its features, such as the ability to remotely monitor the distribution power network to minimize power outages, are responsible for its remarkable market dominance. With its digital controls, switches and sensors, it automates many energy delivery processes.
The wireless segment is expected to grow at the fastest pace in the market during the forecast period.
On the basis of communication technology, the global distribution automation market is classified into wired (fiber optic, Ethernet, powerline carrier and IP) and wireless. Among these, the wireless segment is expected to grow at the fastest pace in the market during the forecast period. In terms of communications technology, wireless energy delivery is the area of automation that is growing at the fastest rate due to the increasing need for data-driven decision making and real-time data interchange. Without the need for cables or power lines, wireless communication technology allows cost-effective and secure transmission of information over long distances.
The private utility segment is expected to grow the fastest in the market during the forecast period.
On the basis of utility, the global distribution automation market is classified into public utilities and private utilities. Among these, the private utility segment is expected to grow the fastest in the market during the forecast period. This increase is attributed to private businesses investing in artificial intelligence, smart grid infrastructure and advanced metering technologies to improve reliability, speed up complaint resolution and record energy usage in real-time. The government is looking for commercial partners to help in power distribution in view of the increasing demand and developments in technology. The industry finds private players advantageous due to their high efficiency and experience.
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Asia Pacific is expected to account for the largest share in the global distribution automation market during the forecast period,
Asia Pacific is expected to account for the largest share in the global distribution automation market during the forecast period. The need for distribution automation systems in the region should increase as more funds are allocated for smart grid programs. China, Japan and Australia are making significant developments in this field. Increasing industrialization and increasing trend towards sustainable energy are two other factors that are expected to boost market growth to meet the growing energy demands. Distribution automation systems are expected to be in high demand in the region due to the large expenditure made in smart grid programs.
The European market is expected to grow the fastest during the forecast period. Europe is also undergoing significant developments as a result of increasing interest in network expansion and the increasing complexity of force delivery systems. The main supporters of the European market are France, Germany and the UK. Furthermore, due to larger, more voluminous lattice principles with powerful in-assembly transmission and the appropriation of mechanized resources, the innovation is rapidly expanding in countries like Denmark, Spain, and Italy. Furthermore, increasing interest in energy-efficient power supply is anticipated to help the expansion of the district market.
competitive analysis:
The report provides proper analysis of the key organizations/companies involved in the global market primarily based on their product offering, business overview, geographical presence, enterprise strategies, segment market share and SWOT analysis along with comparative assessment based on their product offering, business overview, geographical presence, enterprise strategies, segment market share and SWOT analysis. The report also provides a detailed analysis focusing on the current news and developments of the companies, including product developments, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances and others. This allows evaluation of the overall competition within the market. Major vendors in the global distribution automation market include 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 included. Crompton Greaves Limited, Atlantic City Electric Company, Landis+Guyer Group AG, Honeywell International Inc., Elster Group SE, BPL Global, Limited, and others.
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recent developments
- In March 2024, Elpis Squared has been acquired by Itron Inc. for the amount of US$35 million. With this purchase, Itron gains the ability to incorporate high-resolution, real-time “grid edge” data into the planning, operations and engineering processes for the power grid, an unprecedented development for the sector. According to the energy-efficiency advocacy group Alliance to Save Energy, the grid edge is the point where smart or connected infrastructure meets the electrical power grid.
market segment
The study estimates revenues at the global, regional and country levels from 2023 to 2033. Spherical Insights has segmented the global distribution automation market based on the segments mentioned below:
Global Distribution Automation Market, by Offering
- ground units
- Machine
- Products and Services
Global Delivery Automation Market, by Communication Technology
- Stressed on
- fiber visual
- ethernet
- powerline provider
- i p
- wifi
Global Distribution Automation Market, by Utility
- crowd utilities
- non-public utilities
Global Distribution Automation Market, Regional Analysis
- north united states
- Europe
- Germany
- United Kingdom
- France
- Italy
- spain
- Russia
- remains of europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- remains of asia pacific
- South America
- brazil
- argentina
- remains of south america
- Heart East and Africa
- United Arab Emirates
- Saudi Arab
- Queue
- South Africa
- Rest of the Middle East and Africa
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