Europe Distribution Feeder Automation System Market growth to Grow with a robust CAGR through to 2028

Increase in energy demand is expected to drive the Europe Distribution Feeder Automation System Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Europe Distribution Feeder Automation System Market - By Country, Competition, Forecast and Opportunities, 2018-2028”, the Europe Distribution Feeder Automation System Market is expected to register a robust during the forecast period, 2024-2028.  The market is experiencing growth due to the combination of escalating electricity prices and high consumption, along with the integration of renewable energy sources. Moreover, there is a demand for enhanced reliability and efficiency in power distribution, which will further drive market growth. The shift towards clean and renewable energy sources, like wind and solar power, presents a notable prospect for distribution feeder automation systems. These systems effectively handle the integration of variable renewable energy sources into the grid, ensuring grid stability, reliability, and a reduction in carbon emissions. With ongoing investments in renewables by European countries, the demand for distribution automation to facilitate this transition is anticipated to rise.

 

Browse over XX market data Figures spread through 135 Pages and an in-depth TOC on "Europe Distribution Feeder Automation System Market”

 

Based on products, Hardware segment has emerged as the predominant market leader. Advancements in sensor technology, including the development of smart sensors, have significantly enhanced the accuracy and reliability of data collection. Communication equipment plays a critical role in facilitating seamless data transmission among various components of the distribution feeder automation system, such as sensors, control devices, and central monitoring stations. Wired and wireless communication technologies, such as fiber optics, radio frequency (RF) communication, and cellular networks, are widely employed to establish robust and reliable communication links. The adoption of advanced communication protocols, like IEC 61850, is increasingly prevalent in Europe, enabling seamless interoperability among different hardware components. Manufacturers are continuously innovating more sophisticated and integrated control devices that offer enhanced automation capabilities, including fault location and self-healing. Notably, advances in RTU (Remote Terminal Unit) technology have led to improved processing power, enhanced cybersecurity features, and expanded data storage capacity. The rising demand for RTUs reflects utilities' efforts to decentralize control and monitor grid conditions in real-time. Furthermore, the growing significance of data analytics and predictive maintenance is driving the need for more advanced data acquisition hardware. These hardware components are indispensable for ensuring the integrity and security of the distribution automation system. The continuous enhancements in field devices, such as self-healing capabilities and remote controllability, significantly contribute to improving grid efficiency and reliability.

 

Based on application, Commercial segment is expected to grow during the forecast period. These facilities often have diverse energy requirements and may incorporate distributed energy resources (DERs) like rooftop solar panels or energy storage systems. Commercial entities are increasingly focused on cost savings and are leveraging distribution automation to efficiently manage electricity usage and reduce utility bills. Distribution automation systems enable seamless coordination between utilities and commercial facilities for demand response initiatives. The ability to effectively manage and balance renewable energy generation and demand is critical for commercial users with on-site solar panels or wind turbines. These systems help minimize downtime and ensure uninterrupted operations, particularly in sectors such as healthcare, data centers, and manufacturing. Enhanced visibility into energy usage empowers businesses to make informed decisions about optimizing operations and reducing operational costs. Compliance with environmental standards and reporting requirements is becoming increasingly important for commercial entities. Businesses can adapt these systems to accommodate future growth, changes in energy demand, and the integration of new technologies. In conclusion, the commercial segment of the Europe Distribution Feeder Automation System Market is characterized by a diverse range of facility types with varying energy needs and sustainability objectives.

 

Major companies operating in Europe Distribution Feeder Automation System Market are:

• Siemens AG
• Schneider Electric SE
• ABB Group
• Eaton Corporation plc
• GE Grid Solutions
• Landis+Gyr
• Elster Group
• Lucy Electric
• CG Power and Industrial Solutions
• NOJA Power

 

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“Russia is expected to dominate the market during the forecast period. The regulatory environment in Russia plays a crucial role in shaping the distribution automation market. Government policies and regulations will have a significant impact on the pace of adoption and investment in distribution automation technologies. Regulatory support, such as incentives and favorable tariffs, can incentivize utilities to invest in distribution feeder automation.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Europe Distribution Feeder Automation System Market By Products (Hardware, Software and Services), By Application (Commercial, Industrial and Residential), By Country, By Competition Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of Europe Distribution Feeder Automation System Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe Distribution Feeder Automation System Market.

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