Distribution automation denotes a solution that consists of a set of intelligent processors, communication technologies, and sensors that allow monitoring, controlling, protecting, and preserving the distribution network. It is an essential part of the smart grid systems and offers welfares of competence and reliability of operations inside the grid. Distribution automation is mainly categorized into two areas containing customer-end automation and distribution substation and feeder automation that supports in optimizing a utility’s operations and directly progresses the reliability of its distribution power system.
According to the study, ‘The Distribution automation market By Component (field devices, softwares and services); By Technology Communication (wireless and wired); By utility (public and private) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030’ there are plenty of corporations that are operating for the improvement of the market that embraces Power System Engineering, Schneider Electric SE, General Electric Company, General Electric Company, Cisco Systems, Inc., S&C Electric Company, Xylem Inc., ASEA Brown Boveri, Landis+Gyr, Siemens AG. In March 2020, ASEA Brown Boveri announced a promoted version of the REX640 protection relay that increased the communication security and elasticity in advanced power generation and distribution applications. In September 2019, Tozzi Electrical Equipment was developed by G&W Electric to enlarge its markets outside North America and also improve its power grid solutions portfolio. In September 2019, Matlab and Schneider Electric entered into an agreement in that Schneider Electric’s medium voltage apparatus was combined with Meglab’s low voltage package to provide more flexible, customizable, and efficient power and automation solutions for customers over numerous industries. However, a lack of consciousness in underdeveloped and emerging economies acts as a limitation in the distribution automation market. Additionally, technical problems along with the high price of deployment are also expected to delay the market growth.
The distribution automation market can be divided on the premise of components, communication technology, utility, and region. By Component, it can be further divided into field devices, software, and services. By Technology Communication can be further characterised into Wireless and Wired. By Utility, it can be further dispersed into Public and Private.
The region segment can be additionally dispersed into five main types including North America, Latin America, Europe, APAC, and MENA. APAC is predicted to have the highest distribution market in the anticipated period owing to the enhanced demand for distributed automation for extraordinary investments within smart grid projects and also its movement towards clean energy sources.
Furthermore, enhancement within the share of a generation of renewable energy and the requirement for development in grid reliability in addition to operating efficiency and rising investments to advance old grid infrastructure are the key drivers for the expansion of the distribution automation market. Internet of things and communication technologies are facing radical advancements that is a solid foundation to build the future of the automation distribution market. Furthermore, advancement in technology leads to lower cost of maintenance and high efficiency which can be a growth driver for the market. Thus, it is predicted that the Distribution automation market can increase within approaching years.
For More Information on the Research Report, refer to the below links: –
Global Distribution Automation Market Analysis
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