Electric Power Distribution Automation Systems Global Market Report 2024

The electric power distribution automation systems market size has grown strongly in recent years. It will grow from $24.95 billion in 2023 to $26.93 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The expansion observed in the historical period can be attributed to the increasing demand for electricity, the growing complexity of power distribution networks, a rising concern for reliability and resilience in power systems, regulatory mandates urging grid modernization, and the imposition of cost pressures on utilities.

The electric power distribution automation systems market size is expected to see strong growth in the next few years. It will grow to $34.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. Anticipated growth in the forecast period can be attributed to the implementation of IoT (Internet of Things) in power distribution, a heightened focus on grid optimization and efficiency, the demand for real-time monitoring and control, the emergence of advanced metering infrastructure (AMI), and the rise of smart grid technologies. Key trends expected in the forecast period encompass the transition towards decentralized energy systems, the rise of microgrids and virtual power plants, the growth of demand response programs, the expansion of predictive maintenance strategies, and the adoption of artificial intelligence and machine learning in grid operations.

The electric power distribution automation systems market is expected to witness growth propelled by the increasing adoption of smart grids. Smart grids represent advanced electrical grid systems that leverage modern communication, sensing, control, and information technologies to optimize the generation, transmission, distribution, and consumption of electricity. These grids enhance the management of energy resources, leading to improved efficiency in electricity generation, distribution, and consumption, ultimately reducing energy losses during transmission. Electric power distribution automation systems play a pivotal role in smart grids, focusing on automating various distribution grid functions, including fault detection, isolation, and restoration, thereby enhancing the overall efficiency of the grid. According to the U.S. Energy Information Administration (EIA), electric utilities in the United States had around 119 million smart or advanced metering infrastructure (AMI) installations in 2022, constituting 72% of total electric meters. This surge in smart grid adoption is a key driver for the electric power distribution automation systems market.

Major players in the electric power distribution automation systems market are intensifying their focus on developing advanced solutions, such as new all-in-one protection relays, to stay competitive. These comprehensive and integrated devices are designed to monitor, control, and safeguard electrical systems, offering advanced features for enhanced efficiency and reliability. ABB Ltd., a Switzerland-based engineering company, launched the REX610 in May 2021, an all-in-one protection relay with innovative simplicity and modular scalability. The REX610 provides a unique solution for protecting grids, industrial processes, and personnel, featuring extensive default communication options and a withdrawal plug-in unit for swift installation and maintenance. This technological advancement addresses the increasing demand for reliable electricity and positions itself as a cost-effective choice for basic power distribution applications amidst the transition towards smarter grids.

In February 2021, Hubbell Utility Solutions, a U.S.-based power and utilities company, acquired Beckwith Electric for an undisclosed amount. This strategic acquisition enhances Hubbell's product line and expands its capabilities in sophisticated distribution automation technology aimed at utility clients. Beckwith Electric, a U.S.-based company, specializes in providing electric power distribution automation systems, contributing to the advancements in grid automation technology.

Major companies operating in the electric power distribution automation systems market are Hitachi Ltd, Siemens AG, General Electric Company, Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc, ABB Ltd., Eaton Corporation PLC, Infineon Technologies AG, Hubbell Power Systems Inc (Hubbell Incorporated), Itron Inc., Landis+Gyr, NARI Group Corporation, Integrated Electronic Systems, Ingeteam, Schweitzer Engineering Laboratories Inc, S&C Electric Company, Elster Solutions, Beijing SOJO Electric, Beijing Creative Distribution Automation, G&W Electric Company, Trilliant Holdings Inc., Kalki Communication Technologies Private Limited, Iskraemeco, Minsait ACS Inc., Gram Power, Xuji Electric (XJ Group Corporation), Qualus, ZIV Automation UK Ltd.

North America was the largest region in the electric power distribution automation systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric power distribution automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric power distribution automation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electric power distribution automation systems encompass advanced technologies and control systems designed to improve the efficiency, reliability, and safety of electric power distribution networks. Leveraging sensors, communication networks, and control devices, these systems monitor, analyze, and manage electricity distribution in real-time, contributing to seamless operations and minimizing downtime.

Electric power distribution automation systems comprise key components including field devices, software, services, and communication technology. Field devices represent the physical equipment situated in the field to monitor and control power distribution processes. These devices, such as sensors, switches, and relays, collect data and transmit it to the central control system for analysis and decision-making. Various implementations include substation automation, feeder automation, and consumer-side automation, serving diverse applications such as industrial, commercial, and residential sectors.

The electric power distribution automation systems research report is one of a series of new reports that provides electric power distribution automation systems market statistics, including the electric power distribution automation systems industry's global market size, regional shares, competitors with an electric power distribution automation systems market share, detailed electric power distribution automation systems market segments, market trends and opportunities, and any further data you may need to thrive in the electric power distribution automation systems industry. This electric power distribution automation systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electric power distribution automation systems market consists of revenues earned by entities by providing services such as consulting on system optimization, integration of automation solutions, maintenance of grid infrastructure, and technical support for power distribution networks. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric power distribution automation systems market also includes sales of products such as smart grid solutions, advanced protection relays, and supervisory control and data acquisition (SCADA) systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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