Distribution Automation Market

ABB (Switzerland) and Siemens (Germany) are the Key Players in the Distribution Automation Market

The global distribution automation market is estimated to be USD 11.82 billion in 2018 and is projected to grow at a CAGR of 7.29% during the forecast period, to reach a market size of USD 16.81 billion by 2023. In 2018, Europe is estimated to be the largest market for distribution automation, followed by North America and Asia Pacific. The key players in the European distribution automation market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), and Eaton (Ireland). The growth of the distribution automation market is driven by the increasing renewable power generation and need for energy efficiency, protection, and immediate fault detection in the power distribution network. Advancements in IoT, as well as communication technologies, present a significant opportunity for the distribution automation market.

The distribution automation market comprises both global and regional players. The key players operating in the market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), and GE (US). New product developments, investments & expansions, contracts & agreements, and mergers & acquisitions are the major strategies adopted by the players in the distribution automation market. Contracts & agreements was the most commonly adopted strategy from 2013 to 2017. Industry players also adopted the strategy of new product launches, which was the second-most widely followed strategy from 2013 to 2017.

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ABB is one of the leading technology companies offering products related to electrification, robotics & motion, power grids, and industrial automation. The company operates its business through 4 segments, namely, power grids, electrification products, robotics motion, and industrial automation. ABB caters to end-users such as transmission & distribution companies, transportation & infrastructure companies, and process industries. The electrification products business segment manufactures and supplies distributed automation products. Along with distributed automation products, the business segment also offers modular substation packages, switchgear, circuit breakers, wiring accessories, measuring and sensing devices and enclosures, and cabling systems. The subsidiaries of ABB involved in manufacturing distributed automation products are ABB Automation Products and B&R Industrial Automation. The company’s main competitors in the distributed automation market are Schneider Electric and Siemens. In September 2017, the company announced its plan to acquire GE Industrial Solutions to expand its presence in the North American market through the large installed base, deep customer relationship, and extensive distribution network. The acquisition is expected to be completed in the first half of 2018.

Siemens is a leading German conglomerate company that provides products and solutions for infrastructure, healthcare, and energy sectors. It conducts its operations through the following segments: power and gas, energy management, building technologies, mobility, digital factory, process industries and drives, healthineers, and Siemens Gamesa renewable energy. The energy management segment provides products and solutions for transmitting, distributing, and managing electrical power and intelligent power infrastructure. The company caters to end-users such as power providers, transmission & distribution system operators, industrial companies, infrastructure developers, construction companies, distributors, and OEMs. North America and Asia Pacific are the key markets for energy management segment. In May 2017, BKW awarded a contract to Siemens for the installation of a cloud-based meter data management system for the analysis of power consumption data. Siemens cloud-based EnergyIP system is installed to analyze the huge data volumes automatically.

Related Reports:

Distribution Automation Market by Component (Field Device (Smart Meters, Voltage Regulators, and Smart Sensors), Software & Services, Communication Technology (Wired, and Wireless)), Type of Utility (Public, Private), and Region - Global Forecast to 2023

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Report Code
EP 6409
RI Published ON
7/2/2018
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