Distribution Automation Market, By Product Type (Monitoring And Control Devices, Power Quality And Efficiency Devices, Switching And Power Reliability Devices), By End User (Industrial, Commercial, Residential), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published In : Nov 2021

Code : CMI4763

Pages :150

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Distribution Automation MarketSize and Trends

The global distribution automation market is estimated to be valued at US$ 20,821.6 million in 2021 and is expected to exhibit a CAGR of 8.5% over the forecast period (2021-2028).

Figure 1. Global Distribution Automation Market Value (US$ Mn), by Region, 2020

Figure 2. Global Distribution Automation Market Share, By End-user, 2020

The industrial held dominant position in the market and accounted for 48.7% share in the distribution automation market in 2020. The segment is expected to reach US$ 17,979.3 million in 2028, owing to rising demand for automatic distribution systems across the various end-use industries.

Market Trends

Key companies in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, January 2012, American Electric Power (AEP) acquired its independent retail electric supplier BlueStar Energy Solutions. Furthermore, in July 2013, Dominion Virginal Power acquired three solar projects in Indiana which are expected to generate a combined output of 28.6 megawatts of electricity.

Major market players are involved in contracts and agreements, in order to gain a competitive edge in the market. For instance, in April 2013, EDF entered into a corporation agreement with China Datang Corporation in the field of thermal energy.