Due to Ongoing Modernization of Transmission & Distribution Networks – Asia Pacific to Witness Significant Growth in the Distribution Feeder Automation System Market
- Vikas Kumar
- May 7, 2022
- ENERGY & POWER, NEWS
- Distribution Feeder Automation System Market Growth, Distribution Feeder Automation System Market news, Distribution Feeder Automation System Market report, Distribution Feeder Automation System Market Share, Distribution Feeder Automation System Market Size, Distribution Feeder Automation System Market trend
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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.
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With industries, schools, offices, and factories closed across the globe as a result of the coronavirus pandemic, the energy requirements of most countries fell lower than usual. Even though residential energy consumption grew slightly, there was a decline in the overall energy consumption, especially due to industrial usage. During the lockdown, there was curtailment of many activities, e.g. mobility, economic activity, construction and manufacturing, which has dropped the global energy demand. The latest data from July 2020 shows that, as compared to the same period in 2019, the peak reduction rates of electricity consumption in France, Germany, Italy, Spain, the U.K., China, and India were more than 10%. The weekly energy demand was estimated to be cut by approximately 9% under limited restriction, 17% under partial lockdown, and approximately 24% under full lockdown. However, the market has witnessed steady growth since the opening of the lockdown.
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.
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Based on type, the Distribution Feeder Automation System market is classified into Oil-Immersed and Air-Core. Amongst types, 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.
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 a increasing demand for reliable and uninterrupted supply of power, thus, driving the market for distribution feeder automation systems.
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For a better understanding of the market adoption of distribution feeder automation system Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. 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.
Some of the major players operating in the market include 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., and Crompton Greaves Ltd. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Distribution Feeder Automation System Market Segmentation
Market Insight, by Product
Market Insight, by Application
Market Insight, by Region
- North America Distribution Feeder Automation System Market
- United States
- Rest of North America
- Europe Distribution Feeder Automation System Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Distribution Feeder Automation System Market
- Rest of Asia-Pacific
- Rest of World Distribution Feeder Automation System Market
Top Company Profiles
- 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.