GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028

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GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028

Market by Implementation, End-user, and Regional Outlook | Forecast 2022-2028

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The final stage of an electrical power system is electrical power distribution, which involves delivering electricity to the load. This section’s principal function is to transport power from transmission lines to individual customers’ loads, as well as to various social strata. Automation in the distribution systems enables utilities to adopt flexible distribution system control, which may be utilized to improve electric service efficiency, reliability, and quality. Automation at the power distribution systems level is defined as automatically monitoring, protecting, and managing switching operations using intelligent electronic devices in order to restore power service during a fault by consecutive occurrences and return to normal operating circumstances.

According to Triton Market Research’s report, the Global Electric Power Distribution Automation Systems market was valued at $30053.37 million in 2021 and is expected to reach $47692.16 million by 2028, growing at a CAGR of 7.05% during the forecast period 2022-2028.


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MARKET PERFORMANCE – DRIVERS, CHALLENGES, AND TRENDS

The drivers for the electric power distribution automation systems market are the high reliability of distribution automation systems, a rise in the demand for energy efficiency & fault detection, an aging power infrastructure, and the increasing requirement of electricity at commercial places. In many utilities, distribution automation refers to automating the FLISR (Fault Location, Isolation, and Service Restoration) process in order to improve system dependability. Higher dependability equals less monetary damage for the utility company, as well as lower consumer interruption costs and overall corporate efficiency. When components of power distribution networks fail, the failure must be cured quickly to avoid power cuts or loss of load. Such cuts and losses can cost even a small utility and its customers millions of dollars annually. Because outages are expensive, utilities focus on improving reliability. Automation is one of the best tools they can use.

However, the lack of use of tools for operational planning, the privation of global standards, and security concerns restrain the market growth. Interoperability issues among IEDs are a challenge for electric power companies all around the world (intelligent electronic devices). Various firms provide these devices as part of the extension of an existing electric substation. Attempts to develop a standardized order to solve this challenge are becoming more common.

Additionally, smart cities have emerged as a trendy concept that is widely adopted as an impressive development in many countries. There are many projects that are funded by the International Monetary Fund (IMF), the World Bank, the European Union, and many others, for the development of smart cities. The high cost of smart device ownership and the high electricity consumption resulting from the use of smart devices were found in need of automation systems for electric power distribution that can reduce the loss of energy and also increase efficiency. Therefore, with the number of projects increasing in the world, the need for electric power distribution automation systems is on the rise as well.



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KEY GEOGRAPHIES COVERED:

•         North America: The United States and Canada

•         Europe: The United Kingdom, France, Germany, Spain, Italy, and Rest of Europe

•         Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries, and Rest of Asia-Pacific

•         Latin America: Brazil, Mexico, and Rest of Latin America

•       Middle East and Africa:  Saudi Arabia, Turkey, the United Arab Emirates, South Africa, and Rest of Middle East & Africa


SEGMENTATION ANALYSIS –ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET:

•         Market by Implementation:

o        Substation Automation

o        Feeder Automation

o        Consumer Automation

In the implementation of distribution automation systems, consumer automation plays an essential role. Remote read meters, program time-of-use (TOU) meters, connect/disconnect services, and control customer loads are all possible with automation at the user’s location. Consumer automation is the most difficult application area for the distribution automation system since it requires a high number of installation locations, all of which must be economically viable.

•         Market by End-user:

o        Industrial

o        Commercial

o        Residential

Industrial end-user is estimated to progress with the largest market share & highest CAGR during the forecast period. The electric power distribution automation system is to safeguard industries from a fluctuating power supply, which might result in the breakdown of equipment or any component owing to a sudden power shortage. Furthermore, any delay caused by a power outage may stymie the process in a system with several functions.

Advanced or comprehensive technologies are used in industry to monitor and track power use and electrical leakage in the circuit. Machine operators can utilize this data to engage the machinery in a more energy-efficient manner. It is the role of the system to give electricity to each node that requires it.

 

COMPETITIVE LANDSCAPE:

The competitive landscape helps dive into data about the key players in the electric power distribution automation systems market. The strategic initiatives for each of the companies considered have been covered in detail.

 

New Product Launch (January 2022): S&C Electric Company

S&C Electric Company announced its new solution, the VacuFuse II Self-Resetting Interrupter, for grid-edge protection. The function of the product is to move fault detection to the grid’s edge, which is improving dependability and minimizing the inconvenience of outages for customers. In addition, the method allows for fewer utility truck rolls.

 

Acquisition (August 2021): Mitsubishi Electric Corporation and Smart Grid Solutions

Mitsubishi Electric Corporation completed the acquisition of Smarter Grid Solutions (SGS) based in the UK. SGS is a supplier of distributed energy resources (DER) management software. This acquisition is intended to help the company decarbonize the electric power production and enable customers to get better performance from their various electric grids.

 

Key Benefits of the Report:

   Triton Market Research has a collective experience of 25-30 years in the industry, with its analysts and experts encompassing the most infallible research methodology for its market intelligence and industry analysis.

 

     Our research methodology helps in achieving a broader consensus of the market size, shape, and industry trends within each industry segment.

 

  The strategy adopted in designing the research methodology includes the amalgamation of the information assembled from primary and secondary sources, with the assistance of analytical tools to construct the forecast and predictive models.

 

    The scope of the market report comprises the current scenario of the global application security market, along with the detailed overview of the industry outlook, market dynamics, segmentation analysis, regional outlook, and competitive landscape for the period 2022-2028.

 

 

Frequently Asked Questions & Answers (FAQs):

Q 1) Which is expected to be the fastest-growing segment in the electric power distribution automation systems market?

Industrial end-user is expected to be the fastest-growing segment in the electric power distribution automation systems market.

Q 2) What is the forecast period for the electric power distribution automation systems market?

2022-2028 is the forecast period for the electric power distribution automation systems market.

Q 3) Which are the key players in the electric power distribution automation systems market?

General Electric Company, Schneider Electric, S&C Electric Company, Mitsubishi Electric Corporation, Hubbell Power Systems, Itron Inc, Hitachi Ltd, Eaton Corporation plc, Schweitzer Engineering Laboratories Inc, Siemens AG, Honeywell International Inc, G&W Electric Company, Oracle Corporation, and ABB Ltd are the key players in the electric power distribution automation systems market.

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Table of Content

1. GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET

2.2. EVOLUTION & TRANSITION OF ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS

2.3. KEY INSIGHTS

2.3.1. RISING INVESTMENTS IN SMART CITIES BY GOVERNING AGENCIES OF NUMEROUS COUNTRIES

2.3.2. SURGING DEMAND FOR SMART GRIDS

2.4. PORTER’S FIVE FORCES ANALYSIS

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTE

2.4.3. BARGAINING POWER OF BUYERS

2.4.4. BARGAINING POWER OF SUPPLIERS

2.4.5. THREAT OF COMPETITIVE RIVALRY

2.5. KEY IMPACT ANALYSIS

2.5.1. SUPERIOR TECHNOLOGY

2.5.2. APPLICATION

2.5.3. EFFICIENCY

2.5.4. RELIABILITY

2.6. MARKET ATTRACTIVENESS INDEX

2.7. VENDOR SCORECARD

2.8. INDUSTRY COMPONENTS

2.9. REGULATORY FRAMEWORK

2.10. KEY MARKET STRATEGIES

2.10.1. ACQUISITIONS

2.10.2. PRODUCT LAUNCHES

2.10.3. PARTNERSHIPS

2.11. MARKET DRIVERS

2.11.1. INCREASING REQUIREMENT OF ELECTRICITY AT COMMERCIAL PLACES

2.11.2. HIGH RELIABILITY OF DISTRIBUTION AUTOMATION SYSTEMS

2.11.3. RISE IN THE DEMAND FOR ENERGY EFFICIENCY & FAULT DETECTION

2.11.4. AGING POWER INFRASTRUCTURE

2.12. MARKET CHALLENGES

2.12.1. PRIVATION OF GLOBAL STANDARDS

2.12.2. SECURITY CONCERNS

2.12.3. LACK OF USE OF TOOLS FOR OPERATIONAL PLANNING

2.13. MARKET OPPORTUNITIES

2.13.1. INCREASING INVESTMENT IN R&D ACTIVITIES TO INTRODUCE INNOVATIVE TECHNOLOGIES

2.13.2. RISE IN INVESTMENT FOR SMART GRIDS

3. GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET OUTLOOK – BY IMPLEMENTATION

3.1. SUBSTATION AUTOMATION

3.2. FEEDER AUTOMATION

3.3. CONSUMER AUTOMATION

4. GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET OUTLOOK – BY END-USER

4.1. INDUSTRIAL

4.2. COMMERCIAL

4.3. RESIDENTIAL

5. GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET – REGIONAL OUTLOOK

5.1. NORTH AMERICA

5.1.1. MARKET BY IMPLEMENTATION

5.1.2. MARKET BY END-USER

5.1.3. COUNTRY ANALYSIS

5.1.3.1. THE UNITED STATES

5.1.3.2. CANADA

5.2. EUROPE

5.2.1. MARKET BY IMPLEMENTATION

5.2.2. MARKET BY END-USER

5.2.3. COUNTRY ANALYSIS

5.2.3.1. THE UNITED KINGDOM

5.2.3.2. GERMANY

5.2.3.3. FRANCE

5.2.3.4. SPAIN

5.2.3.5. ITALY

5.2.3.6. REST OF EUROPE

5.3. ASIA-PACIFIC

5.3.1. MARKET BY IMPLEMENTATION

5.3.2. MARKET BY END-USER

5.3.3. COUNTRY ANALYSIS

5.3.3.1. CHINA

5.3.3.2. JAPAN

5.3.3.3. INDIA

5.3.3.4. SOUTH KOREA

5.3.3.5. ASEAN COUNTRIES

5.3.3.6. AUSTRALIA

5.3.3.7. REST OF ASIA-PACIFIC

5.4. LATIN AMERICA

5.4.1. MARKET BY IMPLEMENTATION

5.4.2. MARKET BY END-USER

5.4.3. COUNTRY ANALYSIS

5.4.3.1. BRAZIL

5.4.3.2. MEXICO

5.4.3.3. REST OF LATIN AMERICA

5.5. MIDDLE EAST AND AFRICA

5.5.1. MARKET BY IMPLEMENTATION

5.5.2. MARKET BY END-USER

5.5.3. COUNTRY ANALYSIS

5.5.3.1. THE UNITED ARAB EMIRATES

5.5.3.2. SAUDI ARABIA

5.5.3.3. TURKEY

5.5.3.4. SOUTH AFRICA

5.5.3.5. REST OF MIDDLE EAST & AFRICA

6. COMPETITIVE LANDSCAPE

6.1. ABB LTD

6.2. EATON CORPORATION PLC

6.3. SIEMENS AG

6.4. G&W ELECTRIC COMPANY

6.5. GENERAL ELECTRIC COMPANY

6.6. ITRON INC

6.7. MITSUBISHI ELECTRIC CORPORATION

6.8. SCHWEITZER ENGINEERING LABORATORIES INC

6.9. HONEYWELL INTERNATIONAL INC

6.10. S&C ELECTRIC COMPANY

6.11. HITACHI LTD

6.12. SCHNEIDER ELECTRIC

6.13. ORACLE CORPORATION

6.14. HUBBELL POWER SYSTEMS

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: LIST OF ACQUISITIONS

TABLE 5: LIST OF PRODUCT LAUNCHES

TABLE 6: LIST OF PARTNERSHIPS

TABLE 7: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY IMPLEMENTATION, 2022-2028 (IN $ MILLION)

TABLE 8: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 9: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY IMPLEMENTATION, 2022-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 13: EUROPE ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 14: EUROPE ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY IMPLEMENTATION, 2022-2028 (IN $ MILLION)

TABLE 15: EUROPE ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 16: ASIA-PACIFIC ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 17: ASIA-PACIFIC ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY IMPLEMENTATION, 2022-2028 (IN $ MILLION)

TABLE 18: ASIA-PACIFIC ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 19: LATIN AMERICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 20: LATIN AMERICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY IMPLEMENTATION, 2022-2028 (IN $ MILLION)

TABLE 21: LATIN AMERICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 22: MIDDLE EAST AND AFRICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 23: MIDDLE EAST AND AFRICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY IMPLEMENTATION, 2022-2028 (IN $ MILLION)

TABLE 24: MIDDLE EAST AND AFRICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PATENT APPLICANTS IN THE ELECTRICITY SECTOR BEFORE & AFTER THE COVID-19 OUTBREAK

FIGURE 2: KEY BUYING IMPACT ANALYSIS

FIGURE 3: MARKET ATTRACTIVENESS INDEX

FIGURE 4: INDUSTRY COMPONENTS

FIGURE 5: SPENDING ON ENERGY R&D BY NATIONAL GOVERNMENTS AND THE EUROPEAN UNION, IN 2017-2019 (IN $ BILLION)

FIGURE 6: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY IMPLEMENTATION, 2021 & 2028 (IN %)

FIGURE 7: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY SUBSTATION AUTOMATION, 2022-2028 (IN $ MILLION)

FIGURE 8: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY FEEDER AUTOMATION, 2022-2028 (IN $ MILLION)

FIGURE 9: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY CONSUMER AUTOMATION, 2022-2028 (IN $ MILLION)

FIGURE 10: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY END-USER, 2021 & 2028 (IN %)

FIGURE 11: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY INDUSTRIAL, 2022-2028 (IN $ MILLION)

FIGURE 12: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY COMMERCIAL, 2022-2028 (IN $ MILLION)

FIGURE 13: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)

FIGURE 14: GLOBAL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET, BY REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: THE UNITED STATES ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 16: CANADA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 17: THE UNITED KINGDOM ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 18: GERMANY ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 19: FRANCE ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: SPAIN ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: ITALY ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: REST OF EUROPE ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: CHINA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: JAPAN ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: INDIA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: SOUTH KOREA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: ASEAN COUNTRIES ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: AUSTRALIA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: REST OF ASIA-PACIFIC ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: BRAZIL ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: MEXICO ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 32: REST OF LATIN AMERICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: THE UNITED ARAB EMIRATES ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: SAUDI ARABIA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 35: TURKEY ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: SOUTH AFRICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

FIGURE 37: REST OF MIDDLE EAST & AFRICA ELECTRIC POWER DISTRIBUTION AUTOMATION SYSTEMS MARKET 2022-2028 (IN $ MILLION)

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