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Distribution Automation Market Will Generate Massive Revenue In Future

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MarketsandMarkets™
Distribution Automation Market Will Generate Massive Revenue In Future

The report "Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region - Global Forecast to 2025", size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025. The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are major factors driving the growth of this market.


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Field devices are expected to be the most significant contributor to the distribution automation market, by component, during the forecast period


Based on component, the distribution automation market has been segmented into field devices, software, and services. The field devices segment accounted for the highest share of the distribution automation market in 2019. Field devices help grid operators in terms of reliability and outage management, voltage and reactive power management, asset health management, and integrating distributed energy resources.


The wireless segment is projected to register a higher CAGR than the wired segment during the forecast period


Based on communication technology, the market has been segmented into wired and wireless. The wireless segment is projected to witness a higher growth rate than the wired segment from 2020 to 2025. Wireless communication technology reduces maintenance costs and has easy accessibility of data from remote locations, which are expected to help drive its demand. The wireless segment includes radio frequency mesh, cellular, and WiMAX, among which the radio frequency mesh holds the largest market share owing to its high bandwidth, minimal latency, and end-to-end security features.


By utility, the public utility segment is estimated to lead the distribution automation market during the forecast period


The distribution automation market has been segmented based on utility into public and private. The public segment is estimated to lead the distribution automation market during the forecast period. The growth of this segment is attributed to the increasing number of publicly owned electric utilities across all regions.


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Asia Pacific is estimated to be the largest market for distribution automation during the forecast period


In this report, the distribution automation market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to be the largest market for distribution automation from 2020 to 2025. The region is expected to witness a high demand for distribution automation solutions due to the high investment in smart grid projects. Asia Pacific is also moving toward clean energy to meet the growing energy needs of the region.


Key Market Players


The major players in the distribution automation market include ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany).



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