Distribution Automation Market Worth US$ 36,918.4 Mn by end of 2028, Says Coherent Market Insights

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Dec 16, 2021, 13:50 ET

SEATTLE, Dec. 16, 2021 /PRNewswire/ -- According to latest report, the global distribution automation market is estimated to account for 36,918.4 Mn in terms of value by the end of 2028.

Advanced distribution automation is an ongoing effort to extend intelligent control of electrical power grid functions to the distribution sector, and beyond. This is related to the technology and concept of distribution automation, which can be enabled by the smart grid.

The concept of distribution automation is an important one, as it allows utilities to monitor and control their distribution systems in real time. While the name implies a closed loop, most operators will want to check the proposed control scheme and make sure there are no construction or workers on the line before allowing the automated system to take over. In addition, they will want to interpret the data manually before allowing the new technology to work without their involvement. This is because most utilities will take time to become familiar with hands-free automation.

Distributed automation helps utilities to manage their distribution assets in a more efficient and effective manner. These applications help the utilities monitor their assets remotely and operate them efficiently. Using this technology, the utilities can eliminate outages and increase productivity. Another major benefit of distribution automation is its ability to track faults. This technology reduces outrages by ensuring that faults are isolated and fixed quickly. This technology also helps power operators manage a distribution network, since it does not require a separate communication network. Once installed, the distribution automation system will detect high currents and over voltage, and will take action accordingly. The benefits of distribution automation are immense, and they can reduce outages to a minimum.

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Market Drivers:

Increasing adoption of distribution automation is expected to propel growth of the global distribution automation market over the forecast period. For instance, in December 2021, Hitachi Energy announced to deploy MicroSCADA X at Metro Kolkata's Operation Control Center and Backup Control Center in India to automate the flow of power.

Moreover, availability of new products is also expected to propel growth of the global distribution automation market over the forecast period. For instance, in December 2021, Allied Electronics & Automation announced to offer Altech's CBI All-in-One DC Uninterruptable Power Supply, a battery charging, management, and monitoring system.

Market Opportunities:

Investment in bi-directional grids is expected to offer lucrative growth opportunities for players in the global distribution automation market. For instance, in December 2021, Schneider Electric Smart bi-directional grids – or Grids of the Future Management at Enlit Europe.

Moreover, increasing adoption of next-generation digital technology for power supply is also expected to offer lucrative growth opportunities for players in the global distribution automation market. For instance, in December 2021, ABB India partnered with Indore Smart City Development Ltd to deploy next-generation digital technology that enables continuous supply of electricity to homes and businesses.

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Market Trends:

Major players operating in the global distribution automation market are focused on adopting partnership strategies to enhance their market share. For instance, in May 2021, Schneider Electric partnered with BPX, the distributor of industrial automation components, under which the later will be Schneider Electric's alliance master industrial automation distributor for Ireland.

Major players operating in the global distribution automation market are also focused on adopting AI to enhance power distribution. For instance, in October 2021, Tata Power, an integrated power utility in India, signed a three-year commercial agreement with BluWave-ai, an energy AI Company, to operationalize artificial intelligence in day-to-day power distribution in Mumbai, India.

Competitive Landscape:

Major players operating in the global distribution automation market include, American Electric Power, Cooper Power Systems, Dominion Virginia Power, Électricité de France, General Electric Corporation, Pacific Gas and Electric Company, Siemens AG, S & C Electric Company, and Schneider Electric SA.

Market Segmentation:

By Product Type:

Monitoring and Control Devices
Power Quality and Efficiency Devices
Switching and Power Reliability Devices

By End User:

Industrial
Commercial
Residential

By Region:

North America

U.S.
Canada

Latin America

Argentina
Brazil
Mexico
Rest of Latin Americ

Europe

Germany
U.K.
France
Italy
Russia
Rest of Europe

Asia Pacific

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

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