Rising at 12.2% CAGR, Distribution Automation Market Size to Hit $28.1 billion by 2027

According to a leading key players, the global distribution automation market is expected to reach USD 28.1 billion by 2027 from an estimated USD 15.8 billion in 2022, at a CAGR of 12.2% from 2022 to 2027. The global distribution automation market is expected to witness significant growth during the forecast period due to the advancements of IoT and cutting edge technologies coupled with remote monitoring and controlling of electric distribution systems to eradicate the energy losses.

Key Market Players
A few major players that have a wide regional presence dominate the distribution automation market. The leading players in the distribution automation market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), General Electric (US), and Schneider Electric (France).

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This research report categorizes the Distribution automation market based on component, communication technology, utility, and region.
Based on component:

Field Devices
Remote Fault Indicators
Smart Relays
Automated Feeder Switches/Reclosers
Automated Capacitors
Automated Voltage Regulators
Transformer Monitors
Feeder Monitors
Remote Terminal Unit
Software
Services

Based on communication technology:

Wired Communication Technology
Fiber Optic
Ethernet
Powerline Carrier
IP
Wireless Communication Technology
Radio Frequency Mesh
Cellular Network
WiMAX

Based on utility:

Public
Private

Based on the region:

North America
Asia Pacific
Europe
South America
Middle East & Africa

Opportunities: Evolving communication and IoT technologies

Distribution automation is dependent on communication infrastructure. The major communication technologies used in distribution automation include fiber optic, radio frequency mesh, WiMAX, cellular, and ethernet. IoT with distribution automation communication technologies provides improved two-way communication between field devices and software, which can access and respond to user demands quickly and efficiently. This increases the resiliency of the smart grid and creates a new growth opportunity in the communication industry. Hence, utilities are replacing aging communication systems with advanced communication networks, which include fiber-optic lines. Such initiatives are being supported by governments through various investments made in smart utility communication infrastructure, which would create an opportunity for the distribution automation market.

Challenges: Lack of standards and interoperability

In distribution automation, there is a significant requirement for interoperability standards, as many vendors and equipment providers lack proper certification and do not follow any guidelines before manufacturing equipment. Therefore, the lack of standards makes it difficult for utility providers to access data from legacy systems. The lack of communication standards and incompatibility of different IT protocols and components of distribution automation are some of the major challenges in the deployment of various field devices. Another issue hampering interoperability on distribution systems is the importance of recognizing non-quantifiable data. The continuous generation of data from the various nodes of the network has raised huge concerns for solution providers. Hence, data storage and management are needed to benefit from interoperability.

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Recent Developments

In August 2022, Eaton and CyberArk collaborated to enhance the protection of utility transmission and distribution devices and networks. This collaboration delivers fully automated solutions to help utilities simplify a critical element of cybersecurity compliance for modern grid automation systems.
In June 2022, Schneider Electric and Hitachi Energy collaborated to accelerate the deployment of sustainable and smart energy management solutions. Through this collaboration, both the companies would enhance their medium voltage and high voltage product portfolio to provide more comprehensive offerings to the customers.
In July 2022, S&C Electric Company has opened a production facility in Franklin, Wisconsin. The production facility would support electric utilities in the energy transition and meet the growing demand for power in Wisconsin. The facility will be utilized for the production of IntelliRupter, PulseCloser, Fault Interrupter, Scada-Mate Switching Systems and automation controls.
In May 2021, ABB introduced a protection relay REX610 to simplify protection and control basic power distribution applications. The product enables communication and operation access between substation automation devices and smart services in the ABB ability platform.

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