Global Distribution Automation Market size was valued at USD 11.45 billion in 2021 and is poised to grow from USD 11.76 billion in 2022 to USD 20.05 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).
Distribution Automation (DA) is a set of technologies and protocols that monitor and regulate electrical distribution systems without human intervention. These technologies & protocols include sensors, processors, switches and communications. It can improve the efficiency of the distribution system by saving system and energy. Also, it improves distribution system reliability by reducing the frequency and length of power outages. It also improves flexibility by allowing the use of more distributed energy sources. In addition, DA devices offer operational and maintenance benefits such as increased reliability by reducing the length of outages through the use of auto restoration systems.
The evolution of IoT and correspondence innovation will drive industry development. New technological advancements in IoT and specialized gadgets are expected to boost interest in DAS innovation over the forecast time frame. Siemens (Germany) has released ‘MindSphere’, a smart Internet of Things (IoT) architecture. MindSphere is a cloud-based open IoT working framework that connects items, establishments, frameworks, and hardware and enables administrators to use advanced inspections. MindSphere provides a comprehensive set of association standards for gadgets and business applications, modern applications, and refined examination applications. Mergers and acquisitions of central members are measures to accelerate industry growth. Bi-directional network speculation is expected to provide valuable learning opportunities for companies in the global distribution automation market. Schneider Electric Smart bi-directional networks or Grids of the Future Management at Enlit Europe will be available in December 2021.