Press release
Electric Power Distribution Automation Systems Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Electric Power Distribution Automation Systems
What Is the Expected Electric Power Distribution Automation Systems Market Size During the Forecast Period?
The market size of the electric power distribution automation systems has significantly expanded in the previous few years. It's projected to increase from $26.93 billion in 2024 to $28.98 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. Factors such as the rising electricity demand, increasing complexity in power distribution networks, heightened concerns about reliability and resilience, regulatory requirement for grid modernization, and financial constraints on utilities contribute towards the growth experienced in the historical period.
The market size of electric power distribution automation systems is set to experience significant growth in the upcoming years, reaching $36.88 billion in 2029 with a compound annual growth rate (CAGR) of 6.2%. This growth projection for the forecast period can be credited to the use of IoT (Internet of Things) in power distribution, an emphasis on optimizing and improving grid efficiency, a need for real-time control and monitoring, the development of advanced metering infrastructure (AMI), and the proliferation of smart grid technologies. The forecast period will also witness major trends such as a shift towards decentralized energy systems, the emergence of microgrids and virtual power plants, growth in demand response programs, the broadening of predictive maintenance strategies, and the incorporation of artificial intelligence and machine learning in grid operations.
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What Are the High-Growth Segments in the Electric Power Distribution Automation Systems Market?
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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What Key Drivers Are Expected to Influence Future Electric Power Distribution Automation Systems Market Growth?
The growth of the electric power distribution automation systems market is poised to be stimulated by the increasing uptake of smart grids. Essentially, a smart grid is a sophisticated electrical grid system that merges contemporary communication, sensing, control, and information technologies, aiming to perfect the production, transmission, distribution, and utilization of electricity. Smart grids enable more efficient energy resource management, enhancing the production, distribution, and usage of electricity, and minimizing energy losses in transmission and distribution processes. Real-time monitoring of smart grids, focusing on the automation of various distribution grid operations such as fault detection, isolation, and restoration, is enabled by electric power distribution automation systems, thus enhancing the grid's overall efficiency. For example, as reported by the U.S. Energy Information Administration (EIA) in October 2023, electric utilities in the U.S. had around 119 million smart or advanced metering infrastructure (AMI) installations in 2022, marking 72% of total electric meters, an increase from 118.7 million in 2021. As such, the escalating uptake of smart grids propels the electric power distribution automation systems market's growth.
Which Companies Hold the Largest Share Across Different Electric Power Distribution Automation Systems Market Segments?
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.
What Trends Are Driving Growth in The Electric Power Distribution Automation Systems Market?
Key players in the early warning radar market are focusing on innovating multi-use protection and control relays tailored specifically for the enhancement of medium-voltage power distribution grid systems. The intent is to upgrade system reliability, boost safeguards against errors, streamline grid management, and enable effective monitoring and control of electric networks. The Human Machine Interface (HMI) is an advanced system that eases the interaction between humans and machines, with the help of graphical displays, touchscreens, and intuitive controls. For example, in August 2024, Hitachi Energy Ltd., a Swiss-based company, introduced Relion REF650. Boasting a singular modular design, REF650 allows for adaptable and expandable implementation, thereby proving suitable for long-term usage. It is equipped with a novel HMI featuring a touchscreen that presents machine status and real-time voltage/current data, ensuring operator-friendly control. With certification to the most recent industry standards (IEC 61850 Ed 2.1), and compatibility with PCM600 3.1, the relay promises interoperability across multiple vendors.
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What Are the Emerging Geographies for The Electric Power Distribution Automation Systems Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Power Distribution Automation Systems Market?
2. What is the CAGR expected in the Electric Power Distribution Automation Systems Market?
3. What Are the Key Innovations Transforming the Electric Power Distribution Automation Systems Industry?
4. Which Region Is Leading the Electric Power Distribution Automation Systems Market?
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