Press release
Competition Intensifies in Distribution Automation Market, ABB Ltd. and Siemens AG Emerge as Leading Players, TMR States
Demand for Power Quality and Efficiency Devices to Surge in Near Future
The market players have witnessed an increased demand for distribution automation solutions across the industrial sector. In 2012, the industrial sector was the largest end-user in the market and accounted for 51.3% of the overall market. During the forecast period, the industrial sector is anticipated to retain its position, ahead of the commercial and residential sectors.
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Among the major product types in the global automation distribution market, monitoring and control devices have registered the highest demand and had held 36.1% of the overall market in 2012. However, during the forecast horizon, the power quality and efficiency devices segment is expected to witness the fastest growth.
Europe to Dominate Global Distribution Automation Market during Forecast Period
In the global distribution automation market, Europe generated the highest revenue in 2012 and held 32.2% of the overall market. “Various initiatives taken by governments across European nations to fund smart grid projects and growing investments in various components of distribution automation have stimulated the growth of this regional market,” a TMR analyst cites.
While the low cost of operation and maintenance of distribution automation solutions is likely to drive the demand from the Europe market, North America and Asia Pacific are expected to emerge as the major regions in the market. The growing focus on advanced metering infrastructure integrated with distribution automation solutions is expected to aid the growth of the market in North America.
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Lack of Standardization in Communication Technology to Hamper Growth of Global Distribution Automation Market
The technical advancements enhancing the efficiency and reliability of distribution system has led to the increased demand for distribution automation solutions. The various benefits offered by distribution automation systems including reduced power outage and lower operating cost and maintenance have further increased their adoption. However, the lack of standardization in the communication technology and infrastructure, coupled with modernization of existing switchgear might hamper the growth of the global distribution automation market. Technological innovations hold immense growth opportunities for the market. “The rural market is an untapped opportunity for the distribution automation vendors,” points out a TMR analyst.
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