Distribution Feeder Automation System Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Product (Hardware, Software, Service); Application (Residential, Commercial, Industrial); and Region/Country
The distribution feeder automation system market has captured significant market demand and is expected to grow at a CAGR of 4% during the forecast period. It is mainly due to increasing digitization in the utility sector coupled with rising demand of uninterrupted power supply from residential and industrial sectors. This has also forced key stakeholders such as the government and utility companies to investing in expanding their existing electricity transmission and distribution systems Furthermore, growing emphasis on effectively managing the interruption and customer service by automatically locating feeder faults coupled with decreasing the time required to restore service to unfaulted feeder sections are some other the key factors driving the distribution feeder automation system demand. In addition, major players in the market are continuously testing and launching distribution feeder automation systems suitable for renewable energy power plants.
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.
Insights Presented in the Report
“Amongst Product, Hardware category to hold significant market share”
Based on product, the distribution feeder automation system market is categorized into hardware, software, and service. Amongst these, the hardware category is expected to hold a significant share of the market in 2020 owing to its wide installation and high cost in transmission and distribution networks. However, these systems are extensively used for controlling the voltage throughout load differences in high voltage energy transmission systems through various software specially developed for this purpose. Furthermore, increasing consumption of electricity due to an increasing population, followed by an increasing number of consumers and rapid urbanization, has led to a rise in demand for electricity, thereby raising the growth of distribution feeder automation systems across the globe.
“Amongst Application, Industrial category to witness strong CAGR”
Based on type, the distribution feeder automation system market is classified into residential, commercial, and industrial. During the forecast period, industrial category is expected to witness significant growth. It is mainly owing to the increasing number of energy demand from industrial sector, across the globe. For instance, as per the International Energy Outlook, worldwide industrial sector energy consumption is projected to increase by an average of 1.2%/year, from 222 quadrillion British thermal units (Btu) in 2012 to 309 quadrillion Btu in 2040. Furthermore, the rising trend toward the adoption of a renewable energy mix coupled with the growing demand for efficient lines and towers with minimal energy losses, especially in developing nations like China and India, will further strengthen the demand for distribution feeder automation system during the forecast period.
“APAC market to witness highest CAGR during the forecast period”
For a better understanding of the market dynamics of the Distribution Feeder Automation System market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. APAC region has been witnessing some of the largest T&D expansions due to rapidly increasing demand in countries such as India and China. In addition, an upsurge in renewable power generation projects is expected to positively influence the market demand for distribution feeder automation systems. China is investing in expanding its existing electricity transmission and distribution systems to cater to the rising electricity demand due to rapid urbanization and industrialization in the country. The rise in the installation of new transmission lines and new substations to reduce the energy demand and supply gap will drive the distribution feeder automation system market in China.
Similarly, in July 2021, the Ministry of New and Renewable Energy (MNRE) of India gave the go ahead to NTPC Renewable Energy Ltd. to build a 4,750 MW renewable energy park at the Rann of Kutch in Khavada, Gujarat. This will be India’s largest solar park, to be developed by the country’s leading power producer. With the increased support of the government and improved economics, the sector has become attractive from an investor’s perspective, which is further expected to drive the market for distribution feeder automation systems in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Distribution Feeder Automation System Market|
|2.2.||Research Methodology of the Distribution Feeder Automation System Market|
|2.5.||Main Objective of the Distribution Feeder Automation System Market Study|
|5||IMPACT OF COVID-19 ON THE DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET|
|6||DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET REVENUE (USD BN), 2019-2027F|
|9.1.3.||Rest of North America|
|9.2.6.||Rest of Europe|
|9.3.5.||Rest of Asia-Pacific|
|9.4.||Rest of World|
|11||DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET OPPORTUNITIES|
|12||DISTRIBUTION FEEDER AUTOMATION SYSTEM MARKET TRENDS|
|13.1.||Demand Side Analysis|
|13.2.||Supply Side Analysis|
|14.1.1.||Porter’s Five Forces Analysis|
15.1. ABB Ltd.
15.2. General Electric Company
15.3. Siemens Energy AG
15.4. Eaton Corporation Inc
15.5. Schneider Electric SA
15.6. G&W Electric Company
15.7. Schweitzer Engineering Laboratories Inc.
15.8. Moxa Inc.
15.9. Trilliant Holdings Inc.
15.10. Crompton Greaves Ltd.
Analyzing the historical market, estimation of the current market, and forecasting the future market of the distribution feeder automation system market were the three major steps undertaken to create and analyze the adoption of distribution feeder automation system in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the distribution feeder automation system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Distribution Feeder Automation System through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the distribution feeder automation system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product and application. Further country-level analyses were conducted to evaluate the overall adoption of distribution feeder automation system in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of distribution feeder automation system. Further, we conducted factor analysis using dependent and independent variables such as increasing digitalization of industries, urbanization in developing countries, and rising demand for uninterrupted supply of power. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the distribution feeder automation system sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the distribution feeder automation system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of distribution feeder automation system across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the distribution feeder automation system market in terms of products and services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the distribution feeder automation system market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and application of the distribution feeder automation system market.
The main objective of the Distribution Feeder Automation System Market Study
The current & future market trends of distribution feeder automation system were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of distribution feeder automation system in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product and application
- Define and analysis of the regulatory framework for the distribution feeder automation system industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the distribution feeder automation system market for the major region
- Major regions studied in the report include North America (the U.S, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Others), and the Rest of the World
- Company profiles of the Distribution Feeder Automation System market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry