Electric Power Distribution Automation Systems Market
Electric Power Distribution Automation Systems Market Forecasts to 2030 - Global Analysis By Implementation (Consumer Side Automation, Feeder Automation and Substation Automation), Component, Application and By Geography
According to Stratistics MRC, the Global Electric Power Distribution Automation Systems Market is accounted for $24.5 billion in 2023 and is expected to reach $41.5 billion by 2030 growing at a CAGR of 7.8% during the forecast period. The monitoring and secure distribution of electricity are made possible by a number of components that make up electric power distribution automation systems. A typical system is made up of a distribution substation that receives electricity from the main station, distributor transformers that reduce the high voltage to distribution levels, as well as other parts including feeders, switches, protective equipment, measuring equipment, and others.
Market Dynamics:
Driver:
Power outages
Utilities need extremely reliable, high-quality power to serve a society that is becoming more and more digital. Power outages can have greater consequences in this digital and automated world. As a result, electrical utilities are using computer monitoring tools, control systems, and management systems more frequently. This lowers operational costs during severe weather and power outages, which is one of the main growth drivers for the global market for electric power distribution automation systems.
Restraint:
Lack of skilled workers and limitations
For smaller utilities or those with budget constraints, installing electric power distribution automation systems can be challenging because they require a sizable upfront investment. These limitations might prevent some areas or businesses from implementing these technologies. Additionally, electric power distribution automation systems need to be installed before fleeing by highly experienced employees, due to the lack of skilled workers in this industry can restrict its application.
Opportunity:
Rising demand for smart and technologies
The market for electric power distribution automation systems is expanding as a result of the rising demand for electricity and the increased need for smart grids. During the forecast period, the market development is anticipated to be supported by the increased adoption of smart cities. Other market-drivers include technological development, aging infrastructure, a growing demand for automation and sophisticated technologies in the distribution of electric power, and a growing need to modernize current networks.
Threat:
Cybersecurity concerns and regulatory challenges
Cyber attacks are more likely as automation systems for electric power distribution grow more interconnected and connected with other systems. This may raise concerns regarding the system's dependability and grid security. The market for automated electric power distribution systems may also be significantly constrained by the regulatory environment. Regulations and standards in various countries may differ, which may prevent some regions or businesses from adopting these systems.
The industrial segment is expected to be the largest during the forecast period
Industrial segment is expected to hold the largest share over the projection period. This is attributable to the growing demand for utilities across the world to build distribution automation technologies in order to improve grid efficiency. Moreover, the rising demand for electric power distribution automation systems in industrial sectors including utilities, marine, oil & gas, and mining & minerals fuels the market's expansion
The substation automation segment is expected to have the highest CAGR during the forecast period
Substation automation segment is expected to have lucrative growth throughout the forecast period. The energy and power utilities' intense focus on reducing distribution and transmission losses has led to a rise in the use of substation automation, which is fueling the market's expansion. Automation of distribution feeders is becoming increasingly necessary as a result of emerging technologies that aim to reduce power outages and improve the effectiveness of the current distribution system. Therefore, to reduce power outages and reduce the impact of using automated distribution feeder systems, private distribution utilities and service providers, governments, and equipment manufacturers are working to integrate their existing technologies and thoroughly develop novel ones through R&D.
Region with largest share:
Due to the increase in manufacturing facilities and the booming expansion of the industrial sector in the Asia Pacific, which is predicted to fuel demand for electric power distribution automation systems, the region held the largest share of the market throughout the projection period. Furthermore, it is projected that demand will increase in the near future due to the growing significance of automation across a number of end-use sectors.
Region with highest CAGR:
Factors such as a growing population, changing lifestyles, and the development of smart cities in China and India, the Asia-Pacific electric distribution automation system market is anticipated to grow rapidly over the extrapolated period. One of the key elements supporting the market's growth is the rising demand for energy in hotels, hospitals, data centers, and corporate offices. The demand for energy efficiency and rapid fault detection in power distribution networks is also rising.
Key players in the market
Some of the key players in Electric Power Distribution Automation Systems market include ABB Ltd, Eaton Corporation plc, Elster Solutions, G&W Electric Company, General Electric Company, Hitachi Ltd, Honeywell International Inc, Hubbell Power Systems, Itron Inc, Mitsubishi Electric Corporation, Oracle Corporation, S&C Electric Company, Schneider Electric, Schweitzer Engineering Laboratories Inc and Siemens AG.
Key Developments:
In July 2023, ABB has completed the divestment of its Power Conversion division to AcBel Polytech Inc. with an enterprise value of $505 million. ABB expects to record a small non-operational book gain in Income from operations on the sale in the third quarter of 2023. With this transaction, ABB has completed all divisional portfolio divestments announced at the end of 2020.
Implementations Covered:
• Consumer Side Automation
• Feeder Automation
• Substation Automation
Components Covered:
• Communication Technology
• Services
• Software
• Field Devices
Applications Covered:
• Residential
• Commercial
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electric Power Distribution Automation Systems Market, By Implementation
5.1 Introduction
5.2 Consumer Side Automation
5.3 Feeder Automation
5.4 Substation Automation
6 Global Electric Power Distribution Automation Systems Market, By Component
6.1 Introduction
6.2 Communication Technology
6.3 Services
6.4 Software
6.5 Field Devices
7 Global Electric Power Distribution Automation Systems Market, By Application
7.1 Introduction
7.2 Residential
7.3 Commercial
7.4 Industrial
8 Global Electric Power Distribution Automation Systems Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ABB Ltd
10.2 Eaton Corporation plc
10.3 Elster Solutions
10.4 G&W Electric Company
10.5 General Electric Company
10.6 Hitachi Ltd
10.7 Honeywell International Inc
10.8 Hubbell Power Systems
10.9 Itron Inc
10.10 Mitsubishi Electric Corporation
10.11 Oracle Corporation
10.12 S&C Electric Company
10.13 Schneider Electric
10.14 Schweitzer Engineering Laboratories Inc
10.15 Siemens AG
List of Tables
1 Global Electric Power Distribution Automation Systems Market Outlook, By Region (2021-2030) ($MN)
2 Global Electric Power Distribution Automation Systems Market Outlook, By Implementation (2021-2030) ($MN)
3 Global Electric Power Distribution Automation Systems Market Outlook, By Consumer Side Automation (2021-2030) ($MN)
4 Global Electric Power Distribution Automation Systems Market Outlook, By Feeder Automation (2021-2030) ($MN)
5 Global Electric Power Distribution Automation Systems Market Outlook, By Substation Automation (2021-2030) ($MN)
6 Global Electric Power Distribution Automation Systems Market Outlook, By Component (2021-2030) ($MN)
7 Global Electric Power Distribution Automation Systems Market Outlook, By Communication Technology (2021-2030) ($MN)
8 Global Electric Power Distribution Automation Systems Market Outlook, By Services (2021-2030) ($MN)
9 Global Electric Power Distribution Automation Systems Market Outlook, By Software (2021-2030) ($MN)
10 Global Electric Power Distribution Automation Systems Market Outlook, By Field Devices (2021-2030) ($MN)
11 Global Electric Power Distribution Automation Systems Market Outlook, By Application (2021-2030) ($MN)
12 Global Electric Power Distribution Automation Systems Market Outlook, By Residential (2021-2030) ($MN)
13 Global Electric Power Distribution Automation Systems Market Outlook, By Commercial (2021-2030) ($MN)
14 Global Electric Power Distribution Automation Systems Market Outlook, By Industrial (2021-2030) ($MN)
15 North America Electric Power Distribution Automation Systems Market Outlook, By Country (2021-2030) ($MN)
16 North America Electric Power Distribution Automation Systems Market Outlook, By Implementation (2021-2030) ($MN)
17 North America Electric Power Distribution Automation Systems Market Outlook, By Consumer Side Automation (2021-2030) ($MN)
18 North America Electric Power Distribution Automation Systems Market Outlook, By Feeder Automation (2021-2030) ($MN)
19 North America Electric Power Distribution Automation Systems Market Outlook, By Substation Automation (2021-2030) ($MN)
20 North America Electric Power Distribution Automation Systems Market Outlook, By Component (2021-2030) ($MN)
21 North America Electric Power Distribution Automation Systems Market Outlook, By Communication Technology (2021-2030) ($MN)
22 North America Electric Power Distribution Automation Systems Market Outlook, By Services (2021-2030) ($MN)
23 North America Electric Power Distribution Automation Systems Market Outlook, By Software (2021-2030) ($MN)
24 North America Electric Power Distribution Automation Systems Market Outlook, By Field Devices (2021-2030) ($MN)
25 North America Electric Power Distribution Automation Systems Market Outlook, By Application (2021-2030) ($MN)
26 North America Electric Power Distribution Automation Systems Market Outlook, By Residential (2021-2030) ($MN)
27 North America Electric Power Distribution Automation Systems Market Outlook, By Commercial (2021-2030) ($MN)
28 North America Electric Power Distribution Automation Systems Market Outlook, By Industrial (2021-2030) ($MN)
29 Europe Electric Power Distribution Automation Systems Market Outlook, By Country (2021-2030) ($MN)
30 Europe Electric Power Distribution Automation Systems Market Outlook, By Implementation (2021-2030) ($MN)
31 Europe Electric Power Distribution Automation Systems Market Outlook, By Consumer Side Automation (2021-2030) ($MN)
32 Europe Electric Power Distribution Automation Systems Market Outlook, By Feeder Automation (2021-2030) ($MN)
33 Europe Electric Power Distribution Automation Systems Market Outlook, By Substation Automation (2021-2030) ($MN)
34 Europe Electric Power Distribution Automation Systems Market Outlook, By Component (2021-2030) ($MN)
35 Europe Electric Power Distribution Automation Systems Market Outlook, By Communication Technology (2021-2030) ($MN)
36 Europe Electric Power Distribution Automation Systems Market Outlook, By Services (2021-2030) ($MN)
37 Europe Electric Power Distribution Automation Systems Market Outlook, By Software (2021-2030) ($MN)
38 Europe Electric Power Distribution Automation Systems Market Outlook, By Field Devices (2021-2030) ($MN)
39 Europe Electric Power Distribution Automation Systems Market Outlook, By Application (2021-2030) ($MN)
40 Europe Electric Power Distribution Automation Systems Market Outlook, By Residential (2021-2030) ($MN)
41 Europe Electric Power Distribution Automation Systems Market Outlook, By Commercial (2021-2030) ($MN)
42 Europe Electric Power Distribution Automation Systems Market Outlook, By Industrial (2021-2030) ($MN)
43 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Country (2021-2030) ($MN)
44 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Implementation (2021-2030) ($MN)
45 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Consumer Side Automation (2021-2030) ($MN)
46 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Feeder Automation (2021-2030) ($MN)
47 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Substation Automation (2021-2030) ($MN)
48 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Component (2021-2030) ($MN)
49 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Communication Technology (2021-2030) ($MN)
50 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Services (2021-2030) ($MN)
51 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Software (2021-2030) ($MN)
52 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Field Devices (2021-2030) ($MN)
53 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Application (2021-2030) ($MN)
54 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Residential (2021-2030) ($MN)
55 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Commercial (2021-2030) ($MN)
56 Asia Pacific Electric Power Distribution Automation Systems Market Outlook, By Industrial (2021-2030) ($MN)
57 South America Electric Power Distribution Automation Systems Market Outlook, By Country (2021-2030) ($MN)
58 South America Electric Power Distribution Automation Systems Market Outlook, By Implementation (2021-2030) ($MN)
59 South America Electric Power Distribution Automation Systems Market Outlook, By Consumer Side Automation (2021-2030) ($MN)
60 South America Electric Power Distribution Automation Systems Market Outlook, By Feeder Automation (2021-2030) ($MN)
61 South America Electric Power Distribution Automation Systems Market Outlook, By Substation Automation (2021-2030) ($MN)
62 South America Electric Power Distribution Automation Systems Market Outlook, By Component (2021-2030) ($MN)
63 South America Electric Power Distribution Automation Systems Market Outlook, By Communication Technology (2021-2030) ($MN)
64 South America Electric Power Distribution Automation Systems Market Outlook, By Services (2021-2030) ($MN)
65 South America Electric Power Distribution Automation Systems Market Outlook, By Software (2021-2030) ($MN)
66 South America Electric Power Distribution Automation Systems Market Outlook, By Field Devices (2021-2030) ($MN)
67 South America Electric Power Distribution Automation Systems Market Outlook, By Application (2021-2030) ($MN)
68 South America Electric Power Distribution Automation Systems Market Outlook, By Residential (2021-2030) ($MN)
69 South America Electric Power Distribution Automation Systems Market Outlook, By Commercial (2021-2030) ($MN)
70 South America Electric Power Distribution Automation Systems Market Outlook, By Industrial (2021-2030) ($MN)
71 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Country (2021-2030) ($MN)
72 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Implementation (2021-2030) ($MN)
73 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Consumer Side Automation (2021-2030) ($MN)
74 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Feeder Automation (2021-2030) ($MN)
75 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Substation Automation (2021-2030) ($MN)
76 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Component (2021-2030) ($MN)
77 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Communication Technology (2021-2030) ($MN)
78 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Services (2021-2030) ($MN)
79 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Software (2021-2030) ($MN)
80 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Field Devices (2021-2030) ($MN)
81 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Application (2021-2030) ($MN)
82 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Residential (2021-2030) ($MN)
83 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Commercial (2021-2030) ($MN)
84 Middle East & Africa Electric Power Distribution Automation Systems Market Outlook, By Industrial (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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