Distribution Feeder Automation System Market: Global share with top key companies and trend, forecast 2021-2027

 

A comprehensive overview of the distribution feeder automation system market is recently added by UnivDatos Market Insights to its humongous database. The distribution feeder automation system market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the distribution feeder automation system market. The distribution feeder automation system market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Distribution Feeder Automation System market at the global and regional levels. Distribution Feeder Automation System market is expected to grow at a CAGR of ~4% between 2021-2027.

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Market Overview  

Distribution feeder automation system is a family of technologies, including sensors, processors, information and communication networks, and switches, through which a utility can collect, automate, analyze, and optimize data to improve the operational efficiency of its distribution power system. Thus, rising investments in power transmission and distribution networks coupled with the growing augmentation and modernization of transmission and distribution networks across the globe, are expected to drive the market.

Furthermore, distribution feeder automation system also offer benefits such as improved reliability by reducing outage duration using auto restoration scheme, improved voltage control by means of automatic volt-ampere reactive (VAR) control, better fault detection and diagnostic analysis, and better management of system and component loading. Therefore, growing demand for energy coupled with increasing investment in automation activities by government and utility companies, is expected to drive the global distribution feeder automation market at CAGR of 4%, during the forecast period.

COVID-19 Impact

With industries, schools, offices, and factories closed around the world as a result of the coronavirus pandemic, most countries' energy needs were lower than usual. Even though residential energy consumption increased slightly, overall energy consumption decreased, owing primarily to industrial usage. Many activities were halted during the lockdown, including mobility, economic activity, construction, and manufacturing, resulting in a decline in global energy demand. According to the most recent data from July 2020, peak reduction rates of electricity consumption in France, Germany, Italy, Spain, the United Kingdom, China, and India were more than 10% lower than in the same period in 2019. The weekly energy demand was estimated to be reduced by 9% under limited restrictions and 17% under severe restrictions.

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Distribution feeder automation system market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily categorized into

·        Hardware

·        Software

·        Service

Based on product, the market has been categorized into hardware, software, and service. Amongst these, the hardware category is expected to hold a significant share during the forecast period. This is mainly due to the increasing advancements and dependability on automation system to support integration of power generation and distribution from renewable sources in overall energy sector as well as increase in demand for continuous energy supply across geographies and industries.

By Application, the market is primarily bifurcated into

·        Residential

·        Commercial

·        Industrial

Based on application, the market is classified into residential, commercial, and industrial. Amongst these, the oil-immersed category accounts for the majority share of the market owing to growing energy demand in the industrial sector as well as the launch of new products by major players in the market. Furthermore, with growing industrialization and urbanization there has been an increasing demand for reliable and uninterrupted supply of power, thus, driving the market for distribution feeder automation systems.

Distribution Feeder Automation System Market Geographical Segmentation Includes:

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Based on the estimation, in 2020, Asia-Pacific dominated the distribution feeder automation system market owing to increasing utilization of distribution feeder automation systems across industries and other applications. Distribution Feeder Automation Systems offer high efficiency and are used in places where high voltage and minimal losses are critical parameters. Moreover, surging consumption of electricity in developing countries such as India and China is escalating the adoption of smart and advance systems coupled with the increasing need to upgrade existing energy and power infrastructure, has positively influenced the market demand for distribution feeder automation systems.  

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The major players targeting the market includes

·        ABB Ltd.

·        General Electric Company

·        Siemens Energy AG

·        Eaton Corporation Inc

·        Schneider Electric SA

·        G&W Electric Company

·        Schweitzer Engineering Laboratories Inc.

·        Moxa Inc.

·        Trilliant Holdings Inc.

·        Crompton Greaves Ltd.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the distribution feeder automation system market. The leading players have been analysed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

·        What are the latest trends, new patterns, and technological advancements in the distribution feeder automation system market?

·        Which factors are influencing the distribution feeder automation system market over the forecast period?

·        What are the global challenges, threats, and risks in the distribution feeder automation system market?

·        Which factors are propelling and restraining the distribution feeder automation system market?

·        What are the demanding global regions of the distribution feeder automation system market?

·        What will be the global market size in the upcoming years?

·        What are the crucial market acquisition strategies and policies applied by global companies?

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Table of Content:

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET

6 DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY REGION

10 DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET DYNAMICS

11 DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET OPPORTUNITIES

12 DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET TRENDS

13 DEMAND AND SUPPLY SIDE ANALYSIS

14 COMPETITIVE SCENARIO

15 COMPANY PROFILED

16 DISCLAIMER