Press release
Distribution Automation Market Size, Insights, Growth Rate, Trends Analysis And Forecast To 2033
Distribution Automation Market Overview
Distribution Automation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $24.26 billion In 2028 At A CAGR Of 9.4% :
The distribution automation market size has grown strongly in recent years. It will grow from $15.44 billion in 2023 to $16.97 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to favorable government regulations and mandates, favorable government regulations and mandates, growing share of renewable energy in the energy mix, reliable and efficient energy consumption, reduced power outages time.
The distribution automation market size is expected to see strong growth in the next few years. It will grow to $24.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing need to digitalize the power sector, growing renewable power generation, increase renewable energy integration, improving distribution system reliability and efficiency, exponential increase in global electricity demand and grid infrastructures. Major trends in the forecast period include technological advancement, advancement of IoT and communication technologies, increasing dependence on electrical equipment, increasing awareness to reduce carbon footprint, upgrade the aging distribution infrastructure.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14090&type=smp
Distribution Automation Market Major Segments
The distribution automation market covered in this report is segmented -
1) By Component: Software, Field Devices, Services
2) By Communication: Wired, Wireless
3) By Application: Public Utility, Private Utility
4) By End User: Industrial, Commercial, Residential
Key Driver - Renewable Power Surge Fueling The Growth Of Distribution Automation
Growing renewable power generation is expected to propel the growth of the distribution automation market going forward. Renewable power generation refers to the production of electricity from naturally replenished sources. Distribution automation is crucial in enabling renewable energy's efficient, reliable, and sustainable integration into the power grid, contributing to the transition towards a cleaner and more sustainable energy future. For instance, according to the Energy Information Administration (EIA), a US-based principal agency of the Federal Statistical System, in 2022, wind and solar power accounted for 14% of U.S. electricity generation, expected to increase to 18% in 2024. Further, wind and solar energy will lead the growth in U.S. power generation for the next two years, with solar power generation projected to grow by 75% from 163 billion kWh in 2023 to 286 billion kWh in 2024, and wind power generation expected to grow by 11% from 430 billion kWh in 2023 to 476 billion kWh in 2024. Therefore, the growing renewable power generation is driving the growth of the distribution automation market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14090&type=smp
Prominent Trend - Revolutionizing Distribution Automation S&C Electric Introduces EdgeRestore For Enhanced Customer Reliability
Major companies operating in the distribution automation market are developing underground distribution restoration systems, such as EdgeRestore, to improve customer power reliability. EdgeRestore is a fully automated solution designed to isolate faults in difficult-to-access, underground residential distribution circuits, allowing for quick power restoration to homes. For instance, in February 2023, S&C Electric Company, a US-based provider of switching, protection, and control solutions for electric power systems, launched EdgeRestore, an automated solution designed to enhance crew safety and seamlessly fit into the existing system. This technology eliminates underground lateral outages with an automated restoration solution, enhances crew safety, and seamlessly fits into the existing system. The system is beneficial for multiple reasons, including boosting customer reliability, enabling customers to maintain service, improving overall satisfaction, and avoiding thousands of outage minutes.
Distribution Automation Market Players
Major companies operating in the distribution automation market are Hitachi Ltd., Siemens AG, General Electric Company, Cisco Systems Inc., Mitsubishi Electric, Schneider Electric SE, ABB Ltd., Toshiba, Eaton Corporation Plc, American Electric Power, Xylem Inc., Hubbell Incorporated, Itron Inc., Schweitzer Engineering Laboratories Inc., Landis+Gyr, Ingeteam, S&C Electric Company, Cooper Power Systems LLC, G&W Electric, CE Power Engineered Services (US), Kalkitech, NovaTech LLC., Beckwith Electric, Trilliant Holdings, Minsait ACS, Aclara Technologies LLC, Advanced Control Systems Inc., Alstom SA, Atlantic City Electric Company, BPL Global Ltd., Crompton Greaves Limited
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/distribution-automation-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the distribution automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distribution automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Distribution Automation Market Report Structure
3. Distribution Automation Market Trends And Strategies
4. Distribution Automation Market - Macro Economic Scenario
5. Distribution Automation Market Size And Growth
…..
27. Distribution Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Distribution Automation Market Size, Insights, Growth Rate, Trends Analysis And Forecast To 2033 here
News-ID: 3507208 • Views: …
More Releases from The Business research company
Emerging Trends to Reshape the Surgical Energy Instruments Market: Innovative Te …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Surgical Energy Instruments Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size of surgical energy instruments has seen substantial growth. The market which is projected to be worth $4.68 billion in 2024, is expected to inflate to $5.2…
2025-2034 Spatial omics Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Spatial omics Market Through 2025?
In recent years, the size of the spatial omics market has seen rapid expansion. The estimations show an increase to $0.33 billion in 2025 from $0.3 billion in 2024, marking a compound annual growth rate (CAGR) of…
Global Sigmoidoscope Market Projected to Grow at 6.1% CAGR, Reaching $3.38 Billi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Sigmoidoscope Industry Market Size Be by 2025?
In recent years, there has been a significant increase in the size of the sigmoidoscope market. The market is projected to expand from $2.53 billion in 2024 to $2.67 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
2025-2034 Refurbished MRI Systems Market Roadmap: Insights for Competitive Advan …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Refurbished MRI Systems Market Size By 2025?
The market size for refurbished MRI systems has experienced robust growth in the past few years. It is expected to rise from $0.77 billion in 2024 to $0.85 billion in 2025, showcasing a compound annual growth rate (CAGR)…
More Releases for Distribution
Chemical Distribution Market A Comprehensive Analysis of the Chemical Distributi …
Chemical Distribution Market to reach over USD 389.72 billion by the year 2031 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Chemical Distribution Market Size, Share & Trends Analysis Report By Product (Commodity Chemicals, Specialty Chemicals) And End-User (Agriculture, Industrial Manufacturing, Consumer Goods, Textiles, Pharmaceuticals, Downstream Chemicals, Electrical & Electronics)- Market Outlook And Industry Analysis 2031"
The global chemical…
Secure 2 Fiber Distribution GmbH and DistriMania SARL announce distribution part …
Lünen/Chêne-Bourg, Germany/Switzerland - 04.07.2024. Cybersecurity and network optimization systems from Secure 2 Fiber are now quickly and easily available in France, Belgium and Switzerland thanks to the official collaboration with DistriMania.
Cyber threats know no borders. That is why it is an essential part of Secure 2 Fiber Distribution GmbH's corporate philosophy to provide its own cybersecurity and network optimization solutions in the B2B sector professionally and reliably beyond national borders.…
Blanket Distribution Drive
This winter, putting a positive spin on the new year, Extern Labs Inc. took an enlightening initiative to circulate blankets to the individuals in need.
This magnanimous service was conducted in several places of Jaipur, Rajasthan.
The chilling winters are extremely stressful in susceptible geographies like Rajasthan where on winter nights the temperature drops below 10℃.
Extern Labs strongly promotes the concept of giving back to society and persistently endeavours to…
Distribution Automation Markets
SDKI Inc. is a power distribution automation market research report aimed at providing a detailed analysis of several aspects of the market, including market growth drivers, opportunities, recent trends and challenges between 2018-2023. Was published on April 14, 2021.
Report sample URL
https://www.sdki.jp/sample-request-109977
The distribution automation market is estimated to grow from US $ 11.82 billion in 2018 to US $ 16.81 billion by 2023, with a CAGR of 7.29% during the forecast…
Relay2 and sysob IT Distribution sign EMEA Master Distribution Agreement
Milpitas, June 10th, 2021, Relay2, Inc. www.relay2.com a well-recognized vendor in cloud-managed Wi-Fi networks and Edge Content Hosting platform and sysob IT Distribution www.sysob.com in Germany have signed a EMEA Master Distribution agreement.
Under the new agreement sysob will extend his Wi-Fi portfolio to offer the smart Relay2 Wi-Fi solutions to people, businesses, IoT devices and applications. Relay2 delivers superior Wi-Fi solution coupled with unique integrated computing and storage to…
RateGain launches Smart Distribution - the world’s first frictionless distribu …
RateGain launches Smart Distribution - the world’s first frictionless distribution platform
Smart Distribution is an AI/ML-based distribution solution which addresses the most pressing challenges in third-party distribution by making hotel distribution virtually frictionless.
Dallas, May 23, 2019: RateGain, the leader in hospitality and travel technology, unveiled the Smart Distribution solution during HEDNA, Madrid. This game-changing product will revolutionize the hotel distribution technology and will provide hoteliers with the ability to discover and…
