Global Distribution Feeder Automation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global distribution feeder automation market in its upcoming report titled, “Global Distribution Feeder Automation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global distribution feeder automation market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global distribution feeder automation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global distribution feeder automation market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global distribution feeder automation market report has been segmented on the basis of product, application, and region.
Distribution feeder automation is an important part of the power distribution network, that improves smart grid technology, and reliability using self-healing. Feeder is used to establish connection between substation, and end-user without any tapping. Distribution feeder automation allows to implement flexible control of distribution system, and is used to increase efficiency, quality, and reliability of electric service. Distribution feeder automation is mainly used for supervisory control of circuit breakers, regulators, load tap changers (LTCs), switches and substation capacitor banks. Distribution feeder automation systems can accurately detect & locate faults in feeders, and remove faulty sections of the feeder in order to restore power as quickly as possible.
Increasing consumption of electricity and growing demand for power generation using clean sources are key factors driving growth of the global distribution feeder automation market. In addition, distribution feeder automation reduces interruption cost for commercial & industrial customers, and enhancement in reliability & optimal usage of energy which are some other factors expected to propel growth of the global distribution feeder automation market over the forecast period.
However, distribution feeder’s operation is entirely dependent on integrity and availability of the communications network, which may lead to network security issues. This is a key factor restraining growth of the global distribution feeder automation market. Additionally, lack of skilled workforce, and lack of awareness regarding benefits of distribution feeder automation are some other factors expected to hamper growth of the global distribution feeder automation market over the forecast period.
A major and rising trend in the market is introduction of data analytics using advanced distribution management system. This is another factor expected to aid in growth of the global distribution feeder automation market over the forecast period.
The market in North America is expected to account for highest share in terms of revenue as compared to that of other regions. This can be attributed to increasing adoption of feeder automation system in commercial and industrial sectors for continuous and uninterrupted flow of electricity in countries in the region. The market in Asia Pacific is projected to register highest CAGR over the forecast period, owing to high energy demand from emerging economies such as China, and India.
Global distribution feeder automation market segmentation by product:
Global distribution feeder automation market segmentation by application:
Global distribution feeder automation market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Eaton Corporation plc
- Advanced Control Systems, Inc.
- ABB Ltd.
- G&W Electric Company
- Schneider Electric S.E.
- CG Power and Industrial Solutions Limited
- Siemens AG
- MOXA Technologies Co., Ltd.
- S&C Electric Company
- Schweitzer Engineering Laboratories, Inc.
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