Distribution Automation Market - An Overview of Growth Factors 2013 - 2019
- Written by Richard Smith
Transparency Market Research announced the addition of a market intelligence report titled, “Distribution Automation Market (By Product Type - Monitoring and Control Devices, Power Quality and Efficiency Devices, and Switching and Power Reliability Devices; By End-user - Industrial, Commercial and Residential Sector) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," to its offering. The report states that the global market of distribution automation was worth $9,986.3 million in 2012 and is anticipated to grow at an 8.5% CAGR from 2013 to 2019 and reach a market value of $17,677.2 million by 2019.
Browse the full Distribution Automation Market report with TOC at http://www.transparencymarketresearch.com/distribution-automation-market.html
The global distribution automation (DA) market is categorized in three major segments according to end-user type, product type, and geography. Asia-Pacific, Europe, North America, and Rest of the World are the four geographic segments of this market. Europe dominated the distribution automation market by generating 32.2% market share in 2012.
Distribution Automation Market Segments and Shares
Increased investment in distribution automation (DA) equipment is attributed to the growth of Europe in the global DA market. This investment was collective of the richest European nations such as France, Italy, U.K. and Germany. Further, Europe invested $6.84 billion in smart meters from 2001 to 2012, according to a survey from Greentech grid. Product-wise the market is segmented into power quality and efficiency devices, monitoring and control devices, and switching and power reliability devices. According to the end-user type, the global distribution automation (DA) market is categorized into residential, industrial, and commercial segment.
The residential segment will demonstrate the highest rate of growth with a CAGR of 12%, which is attributed to improved reliability from reduced duration and number of power outages and the quality of service. However, in 2012 the industrial segment dominated the market with 51.3% of the total revenue shares and is projected to remain dominant throughout the forecast period. Factors such as islanding operation, load shedding, power quality improvement, energy-efficiency, and self-healing functionality propel the demand for advanced distribution automation industrial sector.
The monitoring and control devices sector in 2012 amounted to 36.1% share in the global market, marking it as the dominant sector in 2012. However, efficiency devices and power quality sector will witness a faster rate during the forecast period. The major key players in the global distribution automation market are Siemens AG, ABB Limited, GE Corporation, and Schneider Electric. Siemens and ABB were the market leader in 2012 with 22% and 24% market share respectively.
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The global market of distribution automation will demonstrate a significant growth, in spite of the technical challenges it faces. Increasing reliability and efficiency of the distribution automation systems, reduced time of power outages, and lowered cost and maintenance of DA systems boost the growth of the market. However, lack of standardization in communication technology and infrastructure along with modernization of the present switchgear equipment suppress the growth of the DA market.