Press release
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 Size
The anticipated increase in the use of smart grids is set to affect the growth of the electric power distribution automation systems market positively. Smart grids represent a technologically advanced electrical grid system that combines modern control, sensing, communication, and information technologies to streamline the processes of electricity generation, transmission, distribution, and usage. This innovation enhances energy resource management, making production, distribution, and consumption of electricity more efficient, and thus, minimizing energy losses during transmission and distribution. Electric power distribution automation systems provide real-time oversight of the smart grid, which is dedicated to automating a range of grid functions like fault detection, isolation, and restoration, ultimately increasing the grid's overall efficiency. For example, data released in October 2023 by the U.S. Energy Information Administration (EIA), a government agency, stated that electric utility companies in the United States installed approximately 119 million smart or advanced metering infrastructures (AMIs) in 2022. This figure, representing 72% of all electric meters, shows a slight rise from 118.7 million in 2021. Thus, the accelerating adoption rate of smart grids is pushing the electric power distribution automation systems market's growth ahead.
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What is the projected compound annual growth rate (CAGR) of the electric power distribution automation systems market from 2025 to 2034, and what factors influence it?
The market size of electric power distribution automation systems has seen a significant surge in the past few years. The projected growth estimates show an increase from $26.93 billion in 2024 to $28.98 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. The historic growth rate can be linked to factors such as the rising demand for electricity, intricate power distribution networks, increasing importance of reliability and resilience, authoritative requirements for grid modernization, and the financial strain on utilities.
In the coming years, the market for electric power distribution automation systems is projected to experience considerable growth. By 2029, its value is predicted to reach $36.88 billion, with a compound annual growth rate (CAGR) of 6.2%. This growth during the forecast period is driven by several factors. These include the application of IoT in power distribution, emphasis on grid efficiency and optimization, a need for continuous monitoring and management, the advent of advanced metering infrastructure (AMI), and the adoption of smart grid technologies. The forecast period will also see a shift towards decentralised energy systems, the growth of microgrids and virtual power plants, the expansion of demand response programs, the development of predictive maintenance strategies, and the integration of artificial intelligence and machine learning into grid operations.
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What new trends are reshaping the electric power distribution automation systems market and its opportunities?
Leading organizations in the early warning radar industry are honing their efforts on creating protection and control relays tailored for medium-voltage power distribution networks. These relays boast multiple applications aiming to boost system reliability, protect against possible faults, streamline grid management, and offer effective surveillance and regulation of electricity grids. The inclusion of Human Machine Interface (HMI), a progressive system or interface that encourages interaction between humans and machines using graphical presentations, touchscreens, and user-friendly controls, is a notable aspect of these developments. A case in point is Hitachi Energy Ltd. of Switzerland. This company introduced the Relion REF650 in August 2024, which is characterized by a single-deployment modular design that offers scalability and flexibility, proving advantageous for long-term usage. It features a new HMI equipped with a touchscreen exhibiting machine condition and real-time voltage/current information, thus granting operators a participatory control. Adhering to the recent industry norms (IEC 61850 Ed 2.1), the relay is also compatible with PCM600 3.1, which ensures cross-platform operability among various vendors.
What are the major segments of the electric power distribution automation systems market and their role in driving growth?
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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Which regions are key players in the growth of the electric power distribution automation systems market?
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.
Who are the key firms paving the way for growth in the electric power distribution automation systems market?
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.
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What Is Covered In The Electric Power Distribution Automation Systems Global Market Report?
• Market Size Forecast: Examine the electric power distribution automation systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the electric power distribution automation systems market for a structured understanding.
• Key Players Overview: Analyze major players in the electric power distribution automation systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric power distribution automation systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the electric power distribution automation systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric power distribution automation systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the electric power distribution automation systems market.
• Competitive Landscape: Review strategic developments in the electric power distribution automation systems market, including expansions, agreements, and new product launches.
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