Distribution Automation Industry to see Stunning Growth with Key Players ABB, Eaton, GE, Schneider Electric, Siemens

According to the new research report "Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region - Global Forecast to 2025", size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025. The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are major factors driving the growth of this market.

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The distribution automation market is dominated by both global and regional players, such as ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany). With the outbreak of COVID-19, manufacturers are facing several issues related to project completion and operation of various business segments. For instance, ABB expects to have a decline in revenue across all its business segments compared to a year ago. Siemens witnessed a sharp fall in demand from China, Germany, and Italy, where the impact of COVID-19 is high. This demand loss eventually will impact the company's overall revenue.

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.

The wireless segment is 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 projected to witness a higher growth rate than the wired segment from 2020 to 2025. Wireless communication technology reduces maintenance costs and has easy accessibility of data from remote locations, which are expected to help drive its demand. The wireless segment includes radio frequency mesh, cellular, and WiMAX, among which the radio frequency mesh holds the largest market share owing to its high bandwidth, minimal latency, and end-to-end security features.
By utility, the public utility segment is estimated to lead the distribution automation market during the forecast period

The distribution automation market has been segmented based on utility into public and private. The public segment is estimated to lead the distribution automation market during the forecast period. The growth of this segment is attributed to the increasing number of publicly owned electric utilities across all regions.

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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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