According to the research report titled ‘Global Distribution Automation Market Size study with COVID-19 Impact, by Component (Field Devices, Software and Services), by Communication Technology (Wireless and Wired), by Utility (Public and Private) and Regional Forecasts 2020-2027’, available with Market Study Report, global distribution automation market was worth USD 11.4 billion in 2019 and is projected to expand at 7.4% CAGR during 2020-2027.
 

Escalating demand for renewable energy integration, and enhanced operating efficiency and reliability in the grid due to mounting energy demand is primarily stimulating global distribution automation market growth.
 

Notably, distribution automation includes maintaining, protecting, controlling, and monitoring the distribution network. These systems comprise of communication technologies, intelligent processors, and sensors that allows to monitor and coordinate the distribution assets of electric power.
 

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Besides the primary driving force, strategic alliances by leading companies and rising advancements are further creating lucrative opportunities for worldwide distribution automation industry expansion. Citing an instance, ABB Group, in January 2019, released a new delivery automation solution, ABB AbilityTM smart substation control and protection for electric systems, SSC600, which offers effective and secure distribution network protection and control.
 

Speaking of the restraints, large volume of data to process and analyze, along with hefty capital required for installation and maintenance of distribution automation systems are anticipated to impede the business expansion over the forecast timespan.
 

Moreover, worldwide distribution automation industry is facing difficulties as employees are working from home, and manufacturing processes and supply chain are at a standstill due to the coronavirus pandemic.
 

Based on component, global distribution automation market is categorized into services, software, and field devices. With respect to communication technology, the industry is segmented into wired and wireless. Moving on, the utility segmentation is split into private and public.

Considering the geographical reach, Asia Pacific currently holds a major portion of global distribution automation market share and is expected to amass massive profits through 2027. This can be ascribed to soaring demand for distribution automation solutions owing to increased investment in smart grid projects.

Renowned firms in global distribution automation market sphere are Mitsubishi Electric Corp., Toshiba Group, Hubbell Inc., Itron, Inc., Siemens AG, Landis+Gyr, Xylem, Inc., Eaton Corp., Schneider Electric SE, and ABB Group.