Market by Implementation, End-user, and Regional Outlook | Forecast 2022-2028
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.
Click here to check out our blog on the Global Electric Power Distribution Automation Systems market
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.
Market by Technology (Data ana ..
VIEW REPORT1. 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
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)
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)