Press release
Distribution Automation Market Trends to Watch Through 2025 | ABB, Eaton, GE, Schneider Electric, Siemens
https://www.marketsandmarkets.com/Market-Reports/distribution-automation-market-65029172.html
Public utility segment estimated to hold a larger share of the distribution automation market than the private utility segment during the forecast period
The distribution automation market has been segmented based on utility into public and private. The public utility segment accounted for a larger market share in 2019. Public utilities are undertaking initiatives to adopt new advanced technologies due to increased regulation and evolving customer preferences.
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Wireless segment projected to register a higher CAGR than the wired segment during the forecast period
Based on communication technology, the market has been segmented into wired and wireless. The wireless segment is expected to witness a higher CAGR during the forecast period. Distribution automation uses wireless communication due to its ease in accessibility and increased efficiency. This wireless communication technology provides integral support to the utilities by offering high bandwidth and covering a large area.
Asia Pacific estimated to dominate the distribution automation market during the forecast period
Asia Pacific is estimated to be the largest market for distribution automation during the forecast period. For the market analysis, the region has been segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The demand for distribution automation in this region is driven mostly by the increasing electricity consumption and the need to upgrade aging infrastructure. Countries in this region are shifting toward clean energy to meet the growing energy demands.
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Key Market Players
The major players in the distribution automation market include ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany).
GE is a globally diversified technology and financial services company. It operates through five business segments, namely, power, renewable energy, aviation, healthcare, and capital. The company offers grid equipment and services through its renewable energy business segment, which accounted for 17.7% of the total net sales in 2019. The company is the largest and most profitable smart grid infrastructure company in the world. GE offers all types of products and services for the energy, utility, and power industries. In the field of distribution automation, GE provides solutions that are reliable and optimized for end-to-end grid operational efficiency.
Another major player in the market is ABB. The company offers distribution automation. It operates through four business segments, namely, electrification, industrial automation, motion, and robotics & discrete automation. The electrification business segment designs and manufactures advanced distribution automation technologies for buildings, data centers, distribution utilities, and food and beverages, among others. The company operates in the Americas, Europe, Asia, and the Middle East & Africa.
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