Distribution Feeder Automation System Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global distribution feeder automation system market is anticipated to grow at a significant CAGR of 2.1% during the forecast period (2022-2028). The distribution feeder automation system helps in advance recognition of abnormal line conditions and their correction, reduces downtime, efficient automation restoration, and smooth remote control and management. The global distribution feeder automation system market is growing due to the rising cost of adding generating capacity. The distribution feeder automation system reduces line loss and maintains a power quality as well as detects and corrects the power-related problem before they occur. The increasing safety of the distribution feeder automation system along with their real-time monitoring of power usage facility throughout the distribution feeder provides data allowing the end-user to track their energy consumption patterns. The growing improvement in the use of software along with the internet of things (IoT) increases the reliability and drives the growth of the global distribution feeder automation system market.

The Asia-Pacific region is anticipated to hold the major share in the global distribution feeder automation system market as this region consists of the largest installed capacity generation of energy around the globe. The presence of a large public utility sector along with increasing demand for energy in developing countries, such as India and China, is also boosting the growth of the market in the Asia-Pacific region. Additionally, the Asia-Pacific region has the most densely packed cities and a higher population. This region requires a broad set of hardware and reliable software as the network which is used can be inaccurate due to the large consumer base. To remove the inaccuracy, the market players are developing various devices to remove the fault in the transmission and distribution network that is driving the growth of the Asia-Pacific distribution feeder automation system market.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance, In November 2021, Sharika Enterprises Ltd. announced that they have received a contract to design, supply, install, commission, and maintain a feeder automation system as part of the distribution management system to improve the reliability of the power distribution in Jammu and Kashmir worth around $5.75 million.

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Market Coverage
•The market number available for - 2022-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- ABB Ltd., Siemens AG, Advanced Control System, Eaton Corp. PLC, Schneider Electric SE, and Moxa Inc., among others.

A full report Distribution Feeder Automation System Market of is available at:  https://orionmarketreports.com/distribution-feeder-automation-system-market/106790/

Global Distribution Feeder Automation System Market Report by Segment
By Type
•Hardware
•Software
•Services
By Application
•Commercial
•Industrial
•Residential

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 
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This release was published on openPR.