The global distribution automation market is expected to surpass US$ 36,918.4 Mn in terms of value by the end of 2028.
Distribution automation is a group of Sensors, switches, processors, and information and communication networks are examples of technology. A utility can gather, analyse, automate, and optimise data using these technologies to improve the operational efficiency of its distribution power system. Aside from that, DA devices offer operational and maintenance advantages such as better dependability and reduced outage length through the use of an auto restoration system. They also allow for more accurate defect identification and analysis. The financial benefits of implementing DA include increased income due to quick restoration, improved system capacity utilisation, and the ability to retain customers due to improved supply quality.
Coronavirus’ Impact on the Global Distribution Automation Market (Covid-19) Pandemic
The breakout of COVID-19 caused a major drop in the global distribution automation business. The epidemic has posed significant obstacles for a variety of industries and economies, resulting in weak worldwide economic growth. Following the outbreak in China in December 2019, many countries halted international travel and trade, putting many businesses on hold. Electricity demand has reduced dramatically in many parts of the world since manufacturing operations have been halted. This resulted in a significant drop in economic production. Furthermore, various difficulties caused tremendous disruption in the global supply chain business. With some countries reducing laws, the sector is projected to regain its lost traction.
Over the forecast period, reduced power outage times are expected to boost the worldwide distribution automation market forward. Weather-related damage to overhead electricity lines causes the majority of power outages. Power outages can also caused by vehicle accidents, human error, animal contact, and equipment failure. Strong winds and ice can also force trees to fall on electricity wires or poles, severing them. Outage prevention relies heavily on distribution automation. Distribution automation’s communication devices and sensors allow for early detection of equipment that isn’t working properly, averting outright failure and allowing the utility operator to replace it. In terms of service restoration, electric devices equipped with distribution automation capabilities detect and locate outages.
Smart city projects that are gaining traction in developed and emerging economies might provide attractive business prospects. Many countries’ governments have recently begun smart city projects. For example, the Indian government announced the ‘100 Smart Cities Mission’ project in June 2015, allocating US$ 14 billion to it. Such developments have boosted demand for distribution automation around the world. Key market players can take advantage of these opportunities by developing new products and gaining a competitive advantage.
Over the forecast period, the worldwide distribution automation market is likely to be hampered by the threat of cybersecurity attacks. Despite the obvious benefits of distribution automation, cybersecurity concerns remain a big roadblock. Unwanted switchgear action or a malfunctioning transfer automatism are two examples of potential problems. Furthermore, cybersecurity demands trained professionals, which are in short supply in expanding regions such as Latin America, the Middle East, and Africa.
Global Distribution Automation Market: Segmentation Analysis
Distribution Automation Market by Product Type
● Monitoring and Control Devices
● Power Quality and Efficiency Devices
● Switching and Power Reliability Devices
Distribution Automation Market by Application
Key companies operating in the global distribution automation market are American Electric Power (AEP), Schneider Electric SA, Cooper Power Systems, General Electric Corporation, Dominion Virginia Power, Siemens AG, Électricité de France (EDF), S&C Electric Company, and Pacific Gas and Electric Company.
Recent Developments in the Global Distribution Automation Market
• Dominion Energy proposed the largest solar and energy storage project for customer benefit in September 2021. A new solar and energy storage project will generate 1000 megawatts of power, enough to power over 250,000 homes.
• Siemens introduced the 8DJH 24 switchgear in April 2021, a fluorine-free line main unit that can handle line voltages up to 24 KV.
• Siemens and Netze BW will collaborate in October 2020 to make distribution grids more sustainable and intelligent.
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