The global distribution automation (DA) market faces many technical challenges when it comes to conventional distribution automation systems. However, the marketplace possibilities are starting to achieve in to the distribution sector for example real-time prices and demand response. However, new technological options that come with DA systems provide more possibility of the development from the global DA market.
Options that come with DA Systems
Distribution automation encompasses different protocols and technologies including processors, switches, sensors and communication that monitor and control electric distribution automation system (DAS) with no participation from humans. This enhances the efficiently of DAS by saving energy and system loss. Additionally, it boosts the DAS reliability by reduction of frequency and time period of power outages and enables greater transmission of distributed energy sources.
Additionally, distribution automation increases the utilization and efficiency of DAS and enables for cost-effective transmission of distributed energy sources (DER). DER like a system helps you to build central generation station. Automation of distribution system enables for reducing operation and maintenance cheaply. This really is one major factor that will drive the development from the distribution automation system market later on.
Despite the fact that, the DA market faces some technical challenges, market analysts have predicted that in in the future the forex market will witness a substantial growth. The standards driving the development from the market are growing reliability and efficiency from the distribution automation systems, decreased cost and maintenance for DAS, and reduced power outage occasions.
The market’s growth is covered up because of the insufficient standardization in communication technology and infrastructure and modernization of the present switchgear equipment. The of distribution automation will witness substantial development in in the future because of market possibilities from rural untapped market and technologies.
Segmentation from the Global DA Market
The global distribution automation marketplace is segmented into three primary sectors that are based on the product type, finish-user type, and geography. Based on the product type, the marketplace is segmented into switching and power reliability devices, power quality and efficiency devices, and monitoring and control devices.
Residential segment, commercial segment, and industrial segment would be the finish-user types within this market. An industry intelligence firm has predicted the residential segment will witness the greatest rate of growth having a CAGR of 12%. This growth is related to the factor – improved reliability because of reduced duration and quantity of power outages and the caliber of service. Geography-wise, the marketplace is segmented into Europe, Asia-Off-shore, The United States, and World.
Global DA Market Insights
An industry intelligence company has mentioned the market will achieve something of $17,677.two million having a CAGR of 8.5% throughout the forecast duration of 2013 to 2019. The global distribution automation equipment market generated $9,986.3 million this year.
During 2012, Europe was the biggest market (32.2%) for DA. The development of Europe within the global DA marketplace is related to the elevated purchase of DA equipment by wealthiest European nations for example France, U.K., Italia, and Germany. In addition, based on the survey from Greentech grid, Europe invested $6.84 billion in smart meters starting with 2001 to 2012.
Additionally, monitoring and control devices segment this year taken into account the biggest share (36.1%) within the global market. However, it’s believed that efficiency devices and power quality segment will grow quicker throughout the believed period.