The global electric power distribution automation systems market size reached USD 17.14 billion in 2017. Worldwide deployment of power generation networks and high voltage transmission systems, owing to growing energy demand from the commercial and industrial sector, has been driving the need for power distribution automation systems.
Lack of use of efficient tools for operational planning and delay in detection of faulty lines results in delayed response to grid failures and power restoration from the electric distribution lines. Longer time durations for fault detection, isolation and service restoration leading to interruption of supply are some the current problems faced by the electricity distribution sector. However, these issues can be eliminated by using automation systems in power distribution infrastructure, as they allow automatic monitoring, protection and control of switching operations through smart electronic devices.
The global Electric Power Distribution Automation Systems (DAS) market is anticipated to increase at a 6.59% CAGR to reach value $45525.97 million in 2030
Utilities demand high-quality power with extreme reliability to support an increasingly digital economy. In an era of digitalization and automation, power disruptions can lead to greater consequences. This has increased the adoption of computer monitoring tools, control and management systems in electrical utilities thus, reducing operational costs in severe weather and outage conditions and therefore, contribute as chief growth drivers for the global electric power distribution automation systems market.
Based on type, the global electric power distribution automation systems market is segmented as substation automation, feeder automation, and consumer level automation. Substation automation accounted for the majority of the market share in 2017 and is expected to maintain its dominance throughout the forecast period. Substation automation was valued at USD 10.22 Bn in 2017. Rising deployment of substation automation in industries to improve the performance and reliability of electric circuits and reduce outage time (interruption in the functioning of the electric circuit) are some of the prime aspects, set to drive the market in the coming years. Recent electric power distribution automation systems market trends such as the emergence of IoT coupled with smart meter installation provides real-time monitoring of electricity usage to the customer as well as electricity billing companies.
Based on application, the global electric power distribution automation systems market is segmented into industrial, commercial and residential. Industrial accounted for the majority of the share in 2017 and is expected to maintain its dominance throughout the forecast period. Commercial application is expected to grow with a fast paced CAGR throughout the forecast period 2018-2025. In commercial construction, the structure of the electrical system depends on the sizes of buildings and the connected loads. Numerous integrated devices are installed for ease of power distribution and to avoid chances of mishaps. Increasing trends of automated building construction and growing concern for safety has boosted the application of various automation products in commercial verticals.
Geographically, Asia Pacific accounted for 34.1% of the global electric power distribution automation systems market share in 2017 and is expected to maintain its market position as a top consuming region throughout the forecast period. Growing population, changing lifestyle, smart city developments in China and India are some of the factors that are expected to spur the Asia-Pacific electric distribution automation system market size in coming years.
Electric power distribution automation systems are witnessing steady growth in the North American and European economies. Power grid services and solution providers in North America are collaborating with each other and offering various advanced technology solutions to the consumers owing to the rise in the power usage in these regions. Increasing smart grid investments along with strong in-built transmission and distribution assets are other key factors expected to boost North America electric power distribution automation systems market share. In 2016, investor-owned electric companies in the U.S. invested about USD 53 Bn in the energy grid, USD 21 Bn in the transmission grid, and USD 32 Bn in the distribution grid. Additionally, the presence of smart grid solution providers in this region aid in increasing the North America electric power distribution systems market revenue.
The nature of the global electric power distribution automation systems market is quite fragmented at present on account of the presence of a large number of established players. The market is capital intensive and requires the industry players to develop technical expertise. Additionally, regulations and government scrutiny have raised high barriers to entry for new players. Increase in demand for renewable energy options and technically superior options which offer more superior services compared to the existing infrastructure is anticipated to drive the growth for the said market over coming years. Siemens AG, Schneider Electric S.E., ABB Ltd., Mitsubishi Electric Corporation, General Electric Company, Eaton Corporation, Hitachi Ltd., Rockwell Automation Inc. and Emerson Electric are some of the key players operating in the global electric power distribution automation systems market.
Electric Power Distribution Automation Systems (DAS) Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2030 |
Study Period | 2018-2030 |
Forecast Unit | Value (USD) |
Revenue forecast in 2030 | $ 45525.97 million |
Growth Rate | CAGR of 6.59% during 2020-2030 |
Segment Covered | by End-User, Regions |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | ABB Ltd, Eaton Corporation PLC, Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Honeywell International Inc, S&C Electric Company, Oracle Corporation |
Key Segments Of The Global Electric Power Distribution Automation Systems Market
Type Overview (USD Million)
- Substation automation
- Feeder automation
- Consumer level automation
Application Overview, (USD Million)
- Industrial
- Commercial
- Residential
Regional Overview, (USD Million)
- North America
- U.S.
- Rest of North America
- Europe
- Germany
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- South America
- Brazil
- Rest of South America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an in-depth outlook of the global electric power distribution automation systems market. Key notable trends that formed the basis of our study include:
- The global electric power distribution automation systems industry is witnessing growth owing to rising need for replacement of aging infrastructure
- Increased focus of the government on improving their transmission and distribution systems coupled with inclusion of renewable sources in the electric power grid has been on the rise worldwide
- The aforementioned trends helped us in drawing and understanding the commercial and technical patterns of the heat versus cold demand variations across all the geographies and helped us in converting them into a market research report
What does the report include?
- The global electric power distribution automation systems market report includes qualitative factors such as drivers, trends, and opportunities
- Value chain, Porter’s Five Forces’ analysis and PESTEL analysis are the key tools elaborated in the study
- The study provides the market estimates based on sales volume and revenue of electric power distribution automation on the global, regional and country level
- The report also includes a detailed industry categorization based on the type and application. This segmentation has been covered for all regions as well as key countries of each of the regions.
- Global and regional level players have been profiled in the study based on the parameter including business overview, financials for 2016 and 2017, product portfolio, and company strategies
Who should buy this report?
This study is suitable for various industry participants spread across the entire power distribution value chain, who want to understand the current and future market scenarios. The report will benefit:
- Customers who are at managerial and executive positions in the power distribution automation systems
- Financial institutions that are looking to publish market statistics pertaining to the industry
- Venture capitalists and investors seeking for more information on the future prospects of the global electric power distribution automation market
- Regulatory authorities, government entities, international environmental organizations, policymakers and others looking for sustainable solutions for power distribution automation