Global Distribution Feeder Automation Market 2017-2021
About Distribution Feeder Automation
Distribution feeder automation is an integral part of system-level automation in contemporary power distribution networks, which improves reliability using self-healing, smart grid technology. The feeder establishes a connection between the substation and end-users without any tapping. Most of the faults occur on feeder lines as these are exposed to detrimental environmental conditions. Thus, utility companies are increasingly opting for feeder automation, which comprises an assembly of numerous smart relays and switching equipment.
Technavio’s analysts forecast the global distribution feeder automation market to grow at a CAGR of 5.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global distribution feeder automation market for 2017-2021. To calculate the market size, the report considers the revenue, Y-o-Y growth, CAGR, retrofitting, replacement, and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Distribution Feeder Automation Market 2017-2021
Technavio recognizes the following companies as the key players in the global distribution feeder automation market: ABB, Eaton, Grid Solutions, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: Advanced Control Systems, Atlantic City Electric, CG, G&W Electric, Kalkitech, Kyland Technology, Moxa, S&C Electric Company, and Schweitzer Engineering Laboratories (SEL).
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing demand for power generation through clean and sustainable sources. The governments in many countries are now looking to increase the percentage of energy generation from clean sources in their energy mix. Various regulatory bodies have allowed power generation to integrate directly with the distribution grid, thereby transforming traditional energy consumers to energy producers by allowing them to invest in clean energy production through methods such as small rooftop solar systems and mid-size wind farms. Moreover, many power users have started selling the excess energy back to the grid through distribution feeder automation.”
According to the report, one of the major drivers for this market is growing need for uninterrupted power supply. Against the backdrop of dynamic competitive environments, many businesses now realize the need for uninterrupted power supply without compromising on power quality. In recent times, end-users are losing significant revenue even during brief power outages. As most of the manufacturing industries are now shifting toward Just in Time (JIT) delivery, an outage lasting even for a short duration creates a huge mismatch between supply and demand, thereby adversely affecting the overall revenue of the company. Thus, utility companies must address a large number of consumer complaints. As distribution feeder automation can reduce the outage time by quickly switching between feeder lines, it puts the utility companies in a better cash flow position.
Further, the report states that one of the major factors hindering the growth of this market is threats to cyber security. With the growing demand for distribution feeder automation, vendors need to develop secure software interfaces to ensure the safe communication between the devices such as relays, circuit breakers, etc. However, developing secured solutions is often long, painful, and expensive, and is further complicated by certification and production control requirements.
ABB, Eaton, Grid Solutions, Schneider Electric, Siemens, Advanced Control Systems, Atlantic City Electric, CG, G&W Electric, Kalkitech, Kyland Technology, Moxa, S&C Electric Company, and Schweitzer Engineering Laboratories (SEL).