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Key Influencer in the Electric Power Distribution Automation Systems Market 2025: Smart Grids Fueling Electric Power Distribution Automation Systems Market Growth Driver
Electric Power Distribution Automation Systems Market
The electric power distribution automation systems market will grow from $26.93 billion in 2024 to $28.98 billion in 2025, at a CAGR of 7.6%. Growth drivers include the increasing demand for electricity, growing complexity of power distribution networks, concerns over reliability and resilience, and regulatory mandates for grid modernization.
The electric power distribution automation systems market will grow to $36.88 billion by 2029 at a CAGR of 6.2%, supported by IoT in power distribution, grid optimization, and real-time monitoring. Trends include decentralized energy systems, microgrids, predictive maintenance, and AI in grid operations.
What Factors Are Propelling the Expansion of the Electric Power Distribution Automation Systems Market?
The rising adoption of smart grids is set to propel the growth of electric power distribution automation systems. Smart grids optimize the generation, distribution, and consumption of electricity by incorporating modern communication and control technologies. These systems help reduce energy losses and improve the efficiency of electricity management. In October 2023, the U.S. Energy Information Administration reported that 72% of electric meters in the United States were smart or advanced meters. The expanding use of smart grids is, therefore, driving the demand for electric power distribution automation systems.
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Which Businesses Are at the Forefront of Electric Power Distribution Automation Systems Market Development?
Major companies operating in the electric power distribution automation systems market are Hitachi Ltd., Siemens AG, General Electric Company, Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation PLC, Infineon Technologies AG, Hubbell Power Systems Inc (Hubbell Incorporated), Itron Inc., Landis+Gyr, NARI Group Corporation, Integrated Electronic Systems, Ingeteam, Schweitzer Engineering Laboratories Inc., S&C Electric Company, Elster Solutions, Beijing SOJO Electric, Beijing Creative Distribution Automation, G&W Electric Company, Trilliant Holdings Inc., Kalki Communication Technologies Private Limited, Iskraemeco, Minsait ACS Inc., Gram Power, Xuji Electric (XJ Group Corporation), Qualus, ZIV Automation UK Ltd.
How Is the Electric Power Distribution Automation Systems Market Segmented?
The electric power distribution automation systems market covered in this report is segmented -
1) By Component: Field Devices, Software, Services, Communication Technology
2) By Implementation: Substation Automation, Feeder Automation, Consumer Side Automation
3) By Application: Industrial, Commercial, Residential
Subsegments:
1) By Field Devices: Remote Terminal Units (RTUs), Intelligent Electronic Devices (IEDs), Circuit Breakers, Voltage Regulators, Capacitor Banks, Transformers, Protection Relays, Sensors (Temperature, Pressure, Flow)
2) By Software: SCADA (Supervisory Control and Data Acquisition) Systems, Distribution Management Systems (DMS), Energy Management Systems (EMS), Asset Management Software, Fault Detection, Isolation, And Service Restoration (FDIR) Software, Advanced Metering Infrastructure (AMI) Software, Analytics And Optimization Software
3) By Services: System Integration Services, Consulting Services, Maintenance And Support Services, Training Services
4) By Communication Technology: Wired Communication (Fiber Optics, Power Line Communication), Wireless Communication (Cellular, Satellite, Wi-Fi, Zigbee), Fiber Optic Communication, Radio Frequency (RF) Communication, Ethernet-Based Communication
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Where Is the Electric Power Distribution Automation Systems Market Growth Most Prominent?
North America was the largest region in the electric power distribution automation systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric power distribution automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Electric Power Distribution Automation Systems Global Market Report?
- Market Size Analysis: Analyze the Electric Power Distribution Automation Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electric Power Distribution Automation Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electric Power Distribution Automation Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electric Power Distribution Automation Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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