The Asia Pacific Distribution Automation Market would witness market growth of 12.3% CAGR during the forecast period (2023-2030).
The majority of power outages are brought on by damage to overhead power wires due to weather. Power outages can also be caused by human error, equipment failure, animal contact, and vehicle accidents. In addition, ice and powerful winds can force trees to fall on electrical lines or poles, severing or destroying them. A black system event causes enormous social harm since it interferes with several crucial services, including traffic signals, financial systems, and telephones. These occurrences are very rarely attributable to a lack of installed generation capacity; instead, they are typically caused by equipment failure and concurrent circumstances.
Examples from recent years include the quake-caused blackouts in Hokkaido in 2018 and South Australia in 2016, both caused by strong storms and insufficient interconnection requirements. In order to prevent outages, distribution automation is essential. To prevent complete failure and allow the utility company to repair the equipment, the communication sensors and devices connected to distribution automation enable early identification of equipment that may not be operating as it should.
The demand is anticipated to increase quickly in the Asia Pacific due to increasing plans for power generation capacity and increasing electricity demand, particularly in China and India, due to rapidly increasing industrial and infrastructure development activities. There has been a high energy consumption rate due to China's remarkable economic growth. According to the Energy Information Administration, the primary energy consumption in this nation increased in 2021 and exceeded 165 quad btu. Therefore, the region presents lucrative growth prospects for the market's growth.
The China market dominated the Asia Pacific Distribution Automation Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,574.8 million by 2030. The Japan market is anticipated to grow at a CAGR of 11.6% during (2023 - 2030). Additionally, The India market would display a CAGR of 12.9% during (2023 - 2030).
Based on Communication Technology, the market is segmented into Wired (Fiber Optic, Ethernet, and Powerline Carrier), and Wireless. Based on Utility, the market is segmented into Public, and Private. Based on Component, the market is segmented into Field Devices (Automated Feeder Switches/Reclosers, Remote Fault Indicators, Smart Relays, Automated Capacitors, Automated Voltage Regulators, Transformer Monitors, Remote Terminal Unit, Feeder Monitors, and Others), Software, and Services. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Distribution Automation Market is Projected to reach USD 35.9 Billion by 2030, at a CAGR of 11.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Schneider Electric SE, Siemens AG, Eaton Corporation PLC, General Electric Company, Itron, Inc., Toshiba Corporation, Xylem, Inc., G&W Electric, and S&C Electric Company
By Communication Technology
By Utility
By Component
By Country
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