Electric Power Distribution Automation Systems Market To Reach $40.89 Billion By 2030

Electric Power Distribution Automation Systems Market Growth & Trends

The global concentrated photovoltaic market size is estimated to reach USD 40.89 billion by 2030, expanding at a CAGR of 7.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rise in the adoption of smart grids & funding initiatives is projected to spur the demand for distribution automation systems. The growing investments in transmission & distribution are expected to remain a key driver.

The global electric power distribution automation systems market is anticipated to witness high growth over the forecast period, owing to the replacement of aging infrastructure across the globe. The emergence of smart cities is expected to further catapult the automation products market growth over the next nine years.

 Request a free sample copy or view report summary: Electric Power Distribution Automation Systems Market Report

Electric Power Distribution Automation Systems Market Report Highlights

• Substation automation dominated the market, with a share of 55.9% in 2023. It plays a crucial role in ensuring grid reliability and operational efficiency, enabling utilities to gain real-time insights into grid performance

• Industrial segment dominated the market in 2023, accounting for a share of 55.9%. Segment growth in the market is attributable to escalating demand for reliable and efficient electricity in sectors such as utilities, oil & gas, and manufacturing

• Commercial applications are expected to grow rapidly, registering a CAGR of 6.7% over the forecast period

• North America electric power DAS market led the global market with a revenue share of 31.2% in 2023, driven by infrastructure modernization, increasing demand for efficiency and reliability, and investments in smart grid technologies

Electric Power Distribution Automation Systems Market Segmentation

Grand View Research has segmented the global electric power distribution automation systems market on the basis of implementation, application, and region:

Electric Power Distribution Automation Systems Implementation Outlook (Revenue, USD Million, 2018 - 2030)

• Substation Automation

• Feeder Automation

• Consumer Side Automation

Electric Power Distribution Automation Systems Application Outlook (Revenue, USD Million, 2018 - 2030)

• Industrial

• Commercial

• Residential

Electric Power Distribution Automation Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List Of Key Players in the  Electric Power Distribution Automation Systems Market

• MYR Group Inc.

• THE KANSAI ELECTRIC POWER CO., INC.

• Hitachi Energy Ltd.

• Siemens

• General Electric Company

• Cisco Systems Inc.

• Schneider Electric

• ABB

• Eaton

• Power Grid Corporation of India Limited (POWERGRID), Ministry of Power