What Fueled The Previous Growth In The Electric Power Distribution Automation Systems Market?
The electric power distribution automation systems market has seen considerable growth due to a variety of factors.
• In the past years, the market size for electric power distribution automation systems has been robustly expanding. The market, which is worth $26.93 billion in 2024, is expected to inflate to $28.98 billion in 2025, a compound yearly growth rate (CAGR) of 7.6%.
The historic period growth can be linked to factors such as rising electricity demand, increasingly intricate power distribution networks, a growing emphasis on reliability and resilience, regulatory mandates for grid modernization, and cost pressures facing utilities.
How Does the Forecast Look for the Electric Power Distribution Automation Systems Market?
The electric power distribution automation systems market is expected to maintain its strong growth trajectory in upcoming years.
• The market for electric power distribution automation systems is projected to witness substantial expansion in the upcoming years. It is anticipated to reach a value of $36.88 billion by 2029, escalating at a compound annual growth rate (CAGR) of 6.2%.
Several factors can be credited for the predicted growth over the forecast period including the integration of Internet of Things (IoT) in power distribution, attention to grid optimization and efficiency, need for real-time supervising and control, the advent of advanced metering infrastructure (AMI), and the burgeoning of smart grid technologies. The forecast period also foresees key trends such as the shift towards decentralized energy systems, the surge of microgrids and virtual power plants, expansion in demand response programs, the growth of predictive maintenance strategies, and the incorporation of artificial intelligence and machine learning in grid operations.
What Are The Leading Drivers Of Growth In The Electric Power Distribution Automation Systems Market?
The increasing uptake of smart grids is predicted to bolster the expansion of the electric power distribution automation systems market in the future. Smart grids represent enhanced electrical grid systems that merge state-of-the-art communication, control, sensing, and information technologies for maximum optimization of electricity production, transmission, distribution, and use. They provide superior energy resource management, optimizing the production, distribution, and use of electricity, which results in minimized energy losses during transmission and distribution. Electric power distribution automation systems provide real-time tracking of smart grids, focusing on automating a variety of distribution grid functions such as fault detection, isolation, restoration and enhancing the grid's overall efficiency. For instance, in October 2023, U.S. Energy Information Administration (EIA), a US government agency, reported that U.S. electric utilities had around 119 million smart or advanced metering infrastructure (AMI) installations in 2022, forming 72% of total electric meters, a slight increase from 118.7 million in 2021. Hence, the growing use of smart grids is fueling the expansion of the electric power distribution automation systems market.
How Are The Segments Defined Within The Global Electric Power Distribution Automation Systems Market?
The electric power distribution automation systems market covered in this report is segmented –
1) By Component: Field Devices, Software, Services, Communication Technology
2) By Implementation: Substation Automation, Feeder Automation, Consumer Side Automation
3) By Application: Industrial, Commercial, Residential
Subsegments:
1) By Field Devices: Remote Terminal Units (RTUs), Intelligent Electronic Devices (IEDs), Circuit Breakers, Voltage Regulators, Capacitor Banks, Transformers, Protection Relays, Sensors (Temperature, Pressure, Flow)
2) By Software: SCADA (Supervisory Control and Data Acquisition) Systems, Distribution Management Systems (DMS), Energy Management Systems (EMS), Asset Management Software, Fault Detection, Isolation, And Service Restoration (FDIR) Software, Advanced Metering Infrastructure (AMI) Software, Analytics And Optimization Software
3) By Services: System Integration Services, Consulting Services, Maintenance And Support Services, Training Services
4) By Communication Technology: Wired Communication (Fiber Optics, Power Line Communication), Wireless Communication (Cellular, Satellite, Wi-Fi, Zigbee), Fiber Optic Communication, Radio Frequency (RF) Communication, Ethernet-Based Communication
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How Are New Trends Impacting The Size Of The Electric Power Distribution Automation Systems Market?
Leading businesses in the early warning radar market are concentrating their efforts on producing multi-use protection and control relays. These are specifically made for medium-voltage power distribution networks, aiming to elevate system dependability, strengthen defense against malfunction, streamline grid administration, and facilitate effective monitoring and regulation of electric circuits. The term Human Machine Interface (HMI) encapsulates a sophisticated interface or system which bridges the interaction between humans and computers, making use of graphic displays, couched controls, and touchscreens. For example, in August 2024, Hitachi Energy Ltd., a company based in Switzerland, inaugurated Relion REF650. The REF650's singular device modular structure permits adaptable and scalable implementation, making it suitable for sustained usage. It brings in a new HMI featuring a touchscreen that displays machine condition and live voltage/current data, endowing operators with interactive control. The relay, having obtained certification as per the latest industry standards (IEC 61850 Ed 2.1), is harmonious with PCM600 3.1, confirming interoperability with different manufacturers.
Who Are the Key Players In The Electric Power Distribution Automation Systems Market?
Major companies operating in the electric power distribution automation systems market are:
• Hitachi Ltd.
• Siemens AG
• General Electric Company
• Oracle Corporation
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd.
• Eaton Corporation PLC
• Infineon Technologies AG
• Hubbell Power Systems Inc (Hubbell Incorporated)
• Itron Inc.
• Landis+Gyr
• NARI Group Corporation
• Integrated Electronic Systems
• Ingeteam
• Schweitzer Engineering Laboratories Inc.
• S&C Electric Company
• Elster Solutions
• Beijing SOJO Electric
• Beijing Creative Distribution Automation
• G&W Electric Company
• Trilliant Holdings Inc.
• Kalki Communication Technologies Private Limited
• Iskraemeco
• Minsait ACS Inc.
• Gram Power
• Xuji Electric (XJ Group Corporation)
• Qualus
• ZIV Automation UK Ltd.
What Is The Most Dominant Region In The Electric Power Distribution Automation Systems Market?
North America was the largest region in the electric power distribution automation systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric power distribution automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
