Distribution Automation (Monitoring and control devices, Power quality and efficiency devices, Switching and power reliability devices) Market to Grow at CAGR of 8.50% during the period from 2013 to 2019.
Albany, NY -- (SBWIRE) -- 01/10/2018 -- Distribution automation (DA) is a solution that enables an electric utility to control, regulate and monitor its distribution network and assets. It ensures the effective and reliable flow of services from utility to consumers by optimizing the flow of electricity. DA systems facilitate effective monitoring and control of assets, identification and isolation of faults, restoration of services. It increases distribution system's efficiency by energy and system loss saving, increases distribution system's reliability by decreasing frequency and duration of power outages and also increases flexibility by enabling higher penetration of distributed energy resources.
The factors such as reduced outage durations, increased reliability and efficiency of distribution system and cost and maintenance reduction with improved power quality are driving the global distribution automation market. However, lack of standardization in communication infrastructure and technology and modernization of existing switchgears are some of the factors inhibiting the growth of this market.
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Among all device types, monitoring and control devices segment was the largest segment and accounted for 36.1% of the global market. These devices ensure efficient fault detection which has enhanced distribution grid reliability and reduced restoration time drastically from hours to few seconds or minutes; this is one of most important reason for growing demand for monitoring and control devices However, power quality and efficiency devices segment is expected to grow at a faster rate due to growing demand for these devices in North America and Europe region. The ability to monitor, alarm and control on power in different power quality events such as under/over voltage and frequency and under frequency increasing the growth for power quality and efficiency devices.
In terms of end use segment, in 2012, industrial end user segment accounted for 51.3% of the total revenue of distribution automation market and is expected to remain dominating throughout the forecast period. Islanding operation, power quality improvement, load shedding, self-healing functionality and energy efficiency boost the demand for advanced distribution automation industrial segment. However, residential segment is expected to grow at the highest rate with a CAGR of 12.0% owing to need of improved reliability by reducing duration and number of outages as well as the quality of service. Increasing awareness among household for distribution automation and voltage conservation application, to save electricity and have lesser bill is driving the market for distribution automation in rural region.
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In 2012, Europe was the largest revenue generator owing to rise in number of smart grid projects and increased investment in distribution automation components, such as smart meters. Saved maintenance and operating cost is one of the major reasons for increasing demand for distribution automation in Europe. In addition, utilities in North America are focusing on AMI (Advanced Metering Infrastructure) deployment and concentrating more on distribution automation, which is expected to drive the market in this region. China and India are gearing up their capabilities by investing in latest equipment design to advance their distribution infrastructure. Moreover, increased demand for green technology development and Chinese government's heavy investment in renewable energy technologies will lead to tremendous need for distribution automation system implementation.
The global market for distribution automation is dominated by few players namely ABB Ltd., Siemens AG, Schneider Electric and GE Corporation.
Distribution automation market by type
Monitoring and control devices
Power quality and efficiency devices
Switching and power reliability devices
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Distribution automation market by End user
Distribution automation market by Geography
Rest of the World