Global Distribution Automation Market Expected to Achieve 9.5% CAGR by 2029: Growth Forecast Insights

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How Large Will the Distribution Automation Market Size By 2025?
Over the past few years, the size of the distribution automation market has experienced significant growth. By 2025, it is expected to expand from $16.97 billion in 2024 to $18.43 billion, with a Compound Annual Growth Rate (CAGR) of 8.6%. The impressive growth in the historical period can be credited to auspicious government regulations, an increasing proportion of renewable energy in the energy combination, reliable and efficient energy consumption, and decrease in power outage duration.

How Big Is the Distribution Automation Market Size Expected to Grow by 2029?
The market size for distribution automation is projected to witness robust growth in the forthcoming years. The market valuation is anticipated to reach $26.48 billion by 2029, with a compound annual growth rate (CAGR) of 9.5%. This growth during the forecast period can be related to the enhancing necessity for power sector digitalization, rising renewable power production, integrating more renewable energy sources, boosting the reliability and efficiency of distribution systems, along with a substantial surge in worldwide electricity demand and grid infrastructures. The upcoming period will see top trends such as advancements in technology, the progression of IoT and communication technologies, a growing reliance on electrical appliances, enhanced awareness to decrease the carbon footprint, and the necessity to upgrade outdated distribution infrastructure.

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Which Key Market Drivers Powering Distribution Automation Market Expansion and Growth?
The expected rise in renewable power generation is predicted to drive the expansion of the distribution automation market. Renewable power generation, which involves the creation of electricity via naturally replenishable resources, requires distribution automation for its effective, dependable, and environmentally friendly integration into the power grid. This contributes to the shift towards a greener and more sustainable energy future. For example, the Energy Information Administration (EIA), a key U.S.-based agency of the Federal Statistical System, revealed that in 2022, 14% of U.S. electricity generation came from wind and solar power. This is set to climb to 18% by 2024. Moreover, wind and solar power are expected to be the main contributors to U.S. power generation increase in the next couple of years. The projections indicate an impressive 75% growth in solar power generation, from 163 billion kWh in 2023 to 286 billion kWh in 2024. Concurrently, wind power generation is predicted to experience an 11% increase, advancing from 430 billion kWh in 2023 to 476 billion kWh in 2024. As such, the rise in renewable power generation is a key driver for the expansion of the distribution automation market.

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Which Fast-Growing Trends Are Poised to Disrupt the Distribution Automation Market?
Leading firms in the distribution automation sector are creating subterranean distribution recovery systems like EdgeRestore to boost the dependability of power for customers. EdgeRestore is an entirely automated solution that isolates faults in challenging-to-reach, subterranean residential distribution circuits, permitting rapid restoration of power to households. For example, in February 2023, S&C Electric Company, which provides switching, protection, and control solutions for electric power systems in the US, introduced EdgeRestore. It is an automated solution that boosts crew safety while flawlessly integrating with the existing system. This technology eradicates underground lateral disruptions with an automated solution for restoration, improves crew safety, and flawlessly integrates into the current system. This system is advantageous for multiple reasons, including enhancing customer reliability, facilitating customers in maintaining service, boosting overall satisfaction, and preventing thousands of outage minutes.

What Are the Emerging Segments in the Distribution Automation Market?
The distribution automationmarket 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

Subsegments:
1) By Software: Distribution Management Systems (DMS), Supervisory Control And Data Acquisition (SCADA), Advanced Distribution Management Systems (ADMS), Outage Management Systems (OMS)
2) By Field Devices: Smart Meters, Intelligent Electronic Devices (IEDs), Remote Terminal Units (RTUs), Switchgear And Sensors
3) By Services: Consulting Services, Installation And Integration Services, Maintenance And Support Services, Training And Education Services

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Who Are the Global Leaders in the Distribution Automation Market?
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

Which are the Top Profitable Regional Markets for the Distribution Automation Industry?
North America was the largest region in the distribution automation market in 2024. 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.

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