The distribution feeder automation system market trends is growing at a rapid pace. These systems are rapidly adopted in commercial, industrial, and residential sectors to monitor the distribution system and its equipment remotely. The industry has significantly expanded in recent years, mainly due to the rising use of digital grids. The increasing demand from the power industry is a major factor substantiating the size of the market.
Besides, advances in technologies, such as e-mobility software, energy dashboard, feeder automation, and energy consulting & protection devices drive the market growth. Rapid industrialization in developing countries such as India has also created substantial market demand. Moreover, substantial investments in developing programmable logic controllers (PLCs), distributed control systems (DCSs), and microgrids boost the market size.
According to Market Research Future (MRFR), the global distribution feeder automation system market is forecasted to demonstrate momentous growth by 2027, registering a striking CAGR during the assessment period (2020 – 2027). Improvements in manufacturing techniques, such as 3D printing, have benefitted vendors in reducing their fabrication costs and improving production efficiency.
Increasing demand for smart or intelligent electronic devices and heavy investment in smart grid technologies would result in significant market growth. Increased installation of substation utilities across the globe is another factor pushing the demand in the distribution feeder automation system market. Additionally, the strong emphasis on renewable energy would unlock value and contribute to the fields of electrification, automation and digitalization.
Distribution Feeder Automation System Market – Segments
The distribution feeder automation system market analysis is segmented into product, application, and region. The product segment is sub-segmented into hardware, software, and services. Among these, the sub-segment software accounts for the largest market share, witnessing vast integration in existing infrastructures. Additionally, the increasing adoption of automation technologies in the utility sector increases the size of the segment.
The application segment is sub-segmented into commercial, industrial, and residential. Among these, the commercial segment grows at the highest CAGR due to the increasing demand for reliable power supply in the sector. By regions, the market is sub-segmented into the Asia Pacific, Americas, Europe, and rest-of-the-world.
Distribution Feeder Automation System Market – Regional Analysis
North America leads the global distribution feeder automation systems market. Increasing activities revolving around smart grid infrastructure is one of the major factors boosting the market demand in the region. Besides, the increase in demand for continuous and reliable power supply substantiates the region's market share. The presence of advanced utility infrastructures and upgrade activities drive the growth of the market.
Asia Pacific is another growing market for distribution feeder automation systems. The market is driven by rising infrastructural development activities and major electrification projects in the region. Additionally, the continually rising energy demand in developing countries such as China and India fosters the distribution feeder automation system market growth. The industrial output in the region has been growing at a tremendous rate in the last five years and is expected to continue its growth during the forecast period.
Distribution Feeder Automation System Market – Competitive Analysis
Highly competitive, the distribution feeder automation system market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product/ technology launch.
Major Players:
Players leading the global distribution feeder automation system market include Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Schweitzer Engineering Laboratories Inc (US), G&W Electric (US), Advanced Control Systems Inc (US), Eaton (Ireland), Cisco (US), Crompton Greaves Ltd (India), Moxa Inc (Taiwan), and General Electric (US), among others.
Industry/ Innovation/ Related News
March 10, 2021 ----- Majuperak Holdings Bhd (MHB) announced signing a memorandum of understanding (MoU) with Siemens Malaysia Sdn Bhd to explore a technology partnership to enhance energy management services. The partnership is in line with MHB's aspiration to enhance its energy management services under its portfolio.
The MoU would provide MHB with products and services from an SSI operating company which consists of a digital grid business unit comprising e-mobility software, microgrid, energy efficiency, energy dashboard, energy consulting, protection devices, and feeder automation, among others.
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