Distribution Automation Market

Market Leaders - Distribution Automation Market

The distribution automation market size is expected to grow from USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% during the forecast period in the realistic scenario. The growth of this market is driven by the need for improved grid reliability and operating efficiency and increasing investments to upgrade the aging grid infrastructure.

The distribution automation market is dominated by both global and regional players, such as ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany). With the outbreak of COVID-19, manufacturers are facing several issues related to project completion and operation of various business segments. For instance, ABB expects to have a decline in revenue across all its business segments compared to a year ago. Siemens witnessed a sharp fall in demand from China, Germany, and Italy, where the impact of COVID-19 is high. This demand loss eventually will impact the company’s overall revenue.

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The major strategies adopted by the market players include contracts & agreements, new product developments, mergers & acquisition, investments & expansions, partnerships. Contracts & agreements were the most commonly adopted strategy from January 2017 to February 2020.

ABB is a leading provider of power and automation-related solutions. It operates through four business segments, namely, electrification, industrial automation, motion, and robotics & discrete automation. The electrification business segment, which accounted for 44.1% of the net sales in 2019, provides smarter and safer electrical flow products and services for the substations. In the distribution automation market, the company provides various products, such as reclosers, fuses, contactors, relays, instrument transformers, sensors, motor control centers, ring main units for primary and secondary distribution, and air & gas-insulated switchgears.

GE is a globally diversified technology and financial services company. It operates through five business segments, namely, power, renewable energy, aviation, healthcare, and capital. The company offers distribution automation equipment and services through its renewable energy business segment, which accounted for 16.1% of the total net sales in 2019. The company provides distribution automation operations management systems for oil and gas, telecommunication, mining, and water industries. GE offers all types of products and services for the energy, utility, and power industries. In the field of distribution automation, GE provides solutions that are reliable and optimized for end-to-end grid operational efficiency. Equipment and services offered by the company include high voltage equipment, power electronics, automation, and protection equipment. The equipment offered prevents errors to minimize outages by analyzing the operations and damages in the past.

Related Reports:

Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless (RF Mesh, Cellular, Wimax)), Utility, Region - Global Forecast to 2025

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Report Code
EP 6409
RI Published ON
6/12/2020
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