Market Size of Distribution Feeder Automation System Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Distribution Feeder Automation System Market Analysis
The distribution feeder automation system market is expected to rise at a CAGR of more than 2% during the forecast period of 2022-2027. The COVID-19 pandemic had adversely affected the market in 2020 with delays of various projects associated with smart grids. However, the resurgent demand for electricity is expected to nullify the effects of the pandemic. Factors such as a strong focus on electricity distribution fault reduction, demand for reliable and uninterrupted power supply, and an increase in energy demand drive the distribution feeder automation system market. However, complex architecture and irregularities in the outage reporting, especially in dense regions, are expected to be a cause of concern and may restrain the market.
- The hardware sector is expected to be a significant segment in the forecast period. The segment is used to pinpoint faults in the transmission and distribution network adequately so that the power is restored effectively in lesser time. Increasing advancements and reliability are expected to aid the growth of the market.
- Growing improvements in the use of software and internet-of-things are expected to increase the reliability of the distribution feeder automation system. This may act as an opportunity for the market players.
- The Asia-Pacific region is expected to be the largest market in the forecast period due to its large public utility sector and increasing demand for energy. China and India are expected to be the largest users of the distribution feeder automation system in the region.
