ABB (Switzerland) and Eaton (Ireland) are leading players in Distribution Automation Market
The global distribution automation market is expected to reach USD 28.1 billion by 2027 from an estimated USD 15.8 billion in 2022, at a CAGR of 12.2% from 2022 to 2027. The global distribution automation market is expected to witness significant growth during the forecast period due to the advancements of IoT and cutting edge technologies coupled with remote monitoring and controlling of electric distribution systems to eradicate the energy losses.
A few major players that have a wide regional presence dominate the distribution automation market. The leading players in the distribution automation market include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), General Electric (US), and Schneider Electric (France).
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Acquisitions, product launches, contracts, and expansions are among the key growth strategies adopted by leading companies such as to boost their position in the distribution automation market. The companies in the distribution automation market focusses majorly on partnerships, contracts, agreements, acquisitions, and product launches to grab a strong foothold in the market.
ABB is one of the leading provider of power and automation technologies. The company offers digital transformation by combining electrification, automation, and robotics for various end-use industries. The company primarily operates through four business segments, namely, Electrification, Process Automation, Motion, and Robotics & Discrete Automation. ABB offers distribution automation solutions through its Electrification business segment, which accounted for 45.6% of the total revenue generated in 2021. In the distribution automation market, this business segment offers various products such as medium-voltage equipment (1 to 66 kilovolts), indoor and outdoor circuit breakers, reclosers, fuses, contactors, relays, instrument transformers, sensors, motor control centers, ring main units for primary and secondary distribution, and air & gas-insulated switchgear. The company offers a wide range of products and is also involved in research and development activities to strengthen its product portfolio. It has a strong global presence with operations spread over across 100 countries.
Eaton is a power management company that manufactures engineered products to manage electrical, hydraulic, and mechanical power for attaining sustainability. The company operates through six business segments, namely, Electrical Americas, Electrical Global, Hydraulics, Aerospace, Vehicle, and eMobility. The Electrical Americas business segment offers distribution automation solutions, which accounted for 36.9% of the total net sales in 2021. The distribution automation product portfolio include transformers, regulators, capacitors, components, cutouts, disconnectors, overhead switchgear, ring main units (RMUs), voltage circuit breakers (VCBs) and software. These products are used in commercial buildings, data centers, residences, apartments and office buildings, hospitals, factories, utilities, and industrial and energy facilities. The company has presence in more than 170 countries, with manufacturing plants at ~224 locations across 36 countries. It focuses on new product launches, acquisitions, agreements and partnerships to increase its market presence.
Related Reports:
Distribution Automation Market by Component (Field Devices, Software, Services), Communication Technology (Wired Communication Technology, Wireless Communication Technology), Utility (Public, Private) and Region - Global Forecast to 2027
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