Distribution Feeder Automation System Market: Current Analysis and Forecast (2021-2027)
Distribution feeder automation system is a family of technologies, including sensors, processors, information and communication networks, and switches, through which a utility can collect, automate, analyze, and optimize data to improve the operational efficiency of its distribution power system. Thus, rising investments in power transmission and distribution networks coupled with the growing augmentation and modernization of transmission and distribution networks across the globe, are expected to drive the market.
Furthermore, distribution feeder automation system also offer benefits such as improved reliability by reducing outage duration using auto restoration scheme, improved voltage control by means of automatic volt-ampere reactive (VAR) control, better fault detection and diagnostic analysis, and better management of system and component loading. Therefore, growing demand for energy coupled with increasing investment in automation activities by government and utility companies, is expected to drive the global distribution feeder automation market at CAGR of 4%, during the forecast period.
Based on product, the market has been categorized into hardware, software, and service. Amongst these, the hardware category is expected to hold a significant share during the forecast period. This is mainly due to the increasing advancements and dependability on automation system to support integration of power generation and distribution from renewable sources in overall energy sector as well as increase in demand for continuous energy supply across geographies and industries.
Based on application, the market is classified into residential, commercial, and industrial. Amongst these, the oil-immersed category accounts for the majority share of the market owing to growing energy demand in the industrial sector as well as the launch of new products by major players in the market. Furthermore, with growing industrialization and urbanization there has been an increasing demand for reliable and uninterrupted supply of power, thus, driving the market for distribution feeder automation systems.
For a better understanding of the market adoption of Distribution Feeder Automation System Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. In 2020, Asia-Pacific dominated the distribution feeder automation system market owing to increasing utilization of distribution feeder automation systems across industries and other applications. Distribution Feeder Automation Systems offer high efficiency and are used in places where high voltage and minimal losses are critical parameters. Moreover, surging consumption of electricity in developing countries such as India and China is escalating the adoption of smart and advance systems coupled with the increasing need to upgrade existing energy and power infrastructure, has positively influenced the market demand for distribution feeder automation systems.
Some of the major players operating in the market include ABB Ltd., General Electric Company, Siemens Energy AG, Eaton Corporation Inc., Schneider Electric SA, G&W Electric Company, Schweitzer Engineering Laboratories Inc., Moxa Inc., Trilliant Holdings Inc., and Crompton Greaves Ltd. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
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